All posts made by ivomm in Bitcointalk's Wall Observer thread

Quote from: Lionidas on March 24, 2017, 05:58:58 PM

Quote from: ivomm on March 24, 2017, 04:53:44 PM

BU is not designed to fork until they have 75% of hashrate. By the time this happens BTC will worth a lot less. How much time is needed for morons like bitcoin 'Jesus' or rather 'Judas' to realize that they will lose everything in terms of fiat? BU will never have the economy support. The current crash is the most obvious evidence for that.

So is this the result of a hard fork?
It was talked about for weeks now and has it finally happened?

How will we be certain of it happening? BTU showing up on exchanges?

What I meant is even theoretically one day BU reaches 75%, Roger Ver (aka bitcoin Jesus) and his supporters (like Jihan Wu) will lose a lot in therms of fiat because bitcoin economy strongly supports the Core team and Segwit. I personally don't believe BU will ever reach 75%. I hope the common sense (which, in fact, is not quite common in bitcoin world) will prevail and these guys change their mind to support Segwit scaling solution.

In case of HF, exchanges will probably include BTU or whatever is called but only if BU developers make replay attacks impossible by changing their code. Then everyone with BTC will have the same amount of BTU and can spend them according to the price at the exchanges. But currently BU is quite buggy and replay attacks are a real danger, moreover devs show no interest in fixing this issue. This will make impossible BTU withrawals and causing a big mess. Bitcoin wallets will face the same problem although some of them like Electrum already have a guide for splitting the coins.

The whole BTC 'crash' is fake and is organized by bitcoin ~~'Jesus'~~ 'Judas' himself. Today thousands of BTC were dumped with no reason at all exchanges simultaneously. A classic example: BTC rose to 980 USD on Polo and Bitfinex. Sell bids like 100-ish BTC and more were eaten easily. And then... 200 BTC dump on Polo Buy Book and 200 BTC dump on Bitfinex as low as 950 USD! This is the dirty war of this 'Jesus' against Core team. These people lost their minds thinking with 300K BTC can do whatever they want. Not gonna happen, losers! Grin

It is becoming more evident that the likelihood of Bitcoin Unlimited being executed as a hard fork solution is substantially low. One major factor which ultimately drove the community and miners away from Bitcoin Unlimited is its development team’s inability to prevent severe bugs and internal technical issues from being exploited.

https://themerkle.com/community-criticizes-bitcoin-unlimiteds-inability-to-prevent-severe-bug-exploitation/

The rise of btc with 10% at bitfinex and poloniex since the last week with regard to usdt is fake, since in kraken usdt dropped by 8-10% to the fiat usd. The whales are trying to bite the 1%-profit daily traders so the whales can withdraw in time to their bank accounts before the big drop. They are still trying to delude the traders that there is a chance bitfinex can be saved. The truth is it is doomed and this was planned a long time ago. These two exchanges (btc-e and biftiniex) are well known for their shady owners and fears of exit scam. It is a matter of days, may be hours before the bad news is announced. If the so called 'bad news" of tightening control of chinese exchanges, sec denial and bu fork, lead to 40% drop of price, imagine the damage to the price caused by real bad news of the imminent bankruptcy of one (possibly) two of the largest exchanges. This may lead to panic withdrawals from other exchanges, so nobody can predict how deep will be the new emerging crisis. Huh

Of course the btc (now usd) whales will buy very low just to sell a year or two at a much higher level.

Quote from: pfrtlpfmpf on July 13, 2017, 12:09:35 PM

Quote from: JayJuanGee on July 13, 2017, 07:29:52 AM

Quote from: quarternions on July 13, 2017, 02:16:45 AM

Quote from: deepcolderwallet on July 13, 2017, 01:06:17 AM

Quote from: quarternions on July 13, 2017, 12:58:16 AM

Since this is the speculation thread, do you guys think we will get to 2600 again before august? Lost and made some money, still need a bit more to break even again.

Bro, I'll heartedly advice you not to play in such a volatile market as crypto is. Unless you're a full skilled trader from stock markets. BTC is king and will win the final battle against fiat. Soon things will be like that:

You are completely right, I'm definitely not a skilled trader yet, just been lurking for some time

I am just playing with around 2k, and I only buy in trends + when I see clear candle patterns and with the info from this website and telegram. So most of the time I only make "safe" (I know it is almost never safe") trades. But then I discovered leverage trades, made some good money, adrenaline was pumping, got overconfident (also the drinks did not help) went long just as it was turning (Still have no idea where my logic went).

I am aspiring to become a full skilled stock trader, BTC just happened to come on my path and with little money you could still easily make a couple of 100 bucks. Also the idea of using it as long term savings account looked great since in Holland I get less then 1% growth in a year... Also since the laws for bitcoins are still in a grey area you can do a lot of fun things with it (currently writing a coin buying and investing website with ideal support for a select amount of people). The API's in general are funt to work with as a programmer so it gives me some incentive to work.

As soon as I get that website up and running and have some more funds I'll start opening up a proper broker account and reading into where to start there... ~~This is getting a bit off topic but any suggestions on where I can start even with a low amount off funds.~~ Probably best not to post it here.

TLDR;
Lost all my earnings and a chunk of my 2k due too leverage and intoxicated, slowly getting it back. Also do want to get into normal

better to buy as the price goes down and sell as the price goes up, but don't buy or sell too much in order that you do not run out of either bitcoins (on the way up) or fiat (on the way down).

So in that regard, if you only have bitcoins because you used all your fiat to buy at a price that is higher than the current price, then you just have to wait it out for however much time it takes to return to you purchase price level, even if it takes a year or two.

In the meantime, if BTC prices continue to go down, which surely is possible, just continue to buy $10 per week (or whatever reasonable amount is in your budget), and sooner or later, you continue to bring down your average cost per BTC and you will be back in the the game and be able to sell some of your bitcoins either below $2600 or above $2600 (but as long as you are selling as the price goes up and buying as the price goes down, you should be good), and whenever BTC returns to that $2600 level (whether this week or a few years from now), you will be fully back... and hopefully learned some lessons along the way...hahahahaha Cheesy

Sounds like a clever plan. But i just buy and sell. And have 1 (1.03) Bitcoin more today, compaired to yesterday. Does that suffice ?
Let me brag a bit, my life is otherwise pretty boring . . .

Actually, I think this plan is pretty good. On the other hand, If you really made 1 btc today this means that you sold 100 btc at the top and then buyed again at the bottom (-1% tops with reduced trading fees). But what if the bitcoin surprised you and raised by 5-10%? Then you will lose bigger profit in fiat than all possible gains in the 1%-daily trading.

And I was thinking Ver accepted the fiasco of his BU project. Now he will try to sabotage segwit: https://www.dashforcenews.com/bitcoin-com-to-dump-segwit2x-roger-ver-might-help-nchain-block-segwit/
Pride, greed and envy are the forces that drive this lunatic. Angry

Quote from: El duderino_ on July 15, 2017, 08:26:32 AM

Quote from: becoin on July 15, 2017, 08:21:08 AM

Quote from: El duderino_ on July 15, 2017, 08:11:36 AM

Quote from: kurious on July 15, 2017, 08:06:45 AM

If you do have fiat, set sub 2000 bids up. I did a week ago.

Can't see it holding all the way to the 1st at this rate whatever happens. And if Segwit signalling doesn't look close at the end of the month it will get messier still; you may be looking at today's price with a wistful nostalgic sigh.

Note: been away, and about to head off again to where it's light until midnight. However, I'm very happy with the WO survival... and congrats to infofront for being brave enough to take on the thread. Right man for the job IMHO.

for a very new guy like me, how far do you acctually think the price will drop

and off my stash of btc that i have been buying (actually not knowing what i was buying ) for 1.5year never sold a coin still just keep holding ??

Keep buying! Downside is very limited. We'll see >10000 by the end of this year.

thanks for the advice the last days where breathe taking

but just to learn understand what do you think acctualy is happening now or is going to happing ( explaind in easy terms and easy english cause i'm normal dutch speaking

)

and i will keep buying dips then

Take any advice here with a bit of salt. There are some users like Lauda who are well known for manupulating people to rob their money.

This is today's question: https://themerkle.com/are-cryptocurrencies-recovering-or-is-this-a-dead-cat-bounce/ Grin

It seems that the danger of segwit-failure-fork is (almost) gone. However, there still remains the HF in 3 months, so the price won't go as far as we wish. Besides, Roger Ver and Jihan Wu still want to make use of the situation and fork their own altcoins. These 'inverstors' like to buy new coins and pump them with the help of their associates in Poloniex. They may have a general notion of blockchain but they are ignorant of the cryptography embedded in the white papers of the leading altcoins like ethereum and zcash. Unfortunately BU and/or ABC can emerge anytime and survive as forks even with their present hashrate. As always, the common bitcoin holders are at the mercy of the big whales. I would prefer a POW change that will make useless the asics and return the mining to the gpu's and cpu's. Btw the above mentioned altcoins have a code that prevents the asic technology to take advantage over gpu's, so the china dominion would be over for good. Then we will have a really decentralized bitcoin.

Quote from: El duderino_ on July 21, 2017, 07:55:36 AM

UPDATE ON ATH ATH ATH ATH GAME LAAAAAAAAAST CALLL LAAAST CHANCE FREE BTC BETS WITHIN 24 H, NO BETS TAKEN ANYMORE AFTER 21/07 23:22 (CET)

My bet for ATH is 17.08. Reason: the Segwith will be activated by then and Jihan Wu will abandon his ABC project.

Quote from: El duderino_ on July 21, 2017, 09:20:47 AM

UPDATE ON ATH ATH ATH ATH GAME LAAAAAAAAAST CALLL LAAAST CHANCE FREE BTC BETS WITHIN 24 H, NO BETS TAKEN ANYMORE AFTER 21/07 23:22 (CET)

18 Aug ATH. Reason: Segwith gets activated.

1000 BTC buy wall at 2800 at Bitfiniex... Only Kraken is sleeping...

Quote from: HanvanBitcoin on July 22, 2017, 08:13:16 AM

Quote from: ivomm on July 22, 2017, 08:11:53 AM

1000 BTC buy wal at 2800 at Bitfiniex...

Looks like we are gonna get a nice weekend pump Grin

go go BTC $2778,- at Kraken atm

Another 600+100 at 2820!!! I will bring the popcorn and watch the show! Cool

If viabtc begins trading ABC (http://bitcoinist.com/viabtc-begins-trading-bitcoin-cash-bcc-for-chinese-yuan-cny-in-anticipation-of-uahf/) does this mean that there will be HF chain split at 1 Aug? In that case, the drop of price will continue indefinitely and Jihan Wu will curse the day he made that shit Huh

Quote from: fluidjax on July 23, 2017, 08:40:41 AM

Quote from: ivomm on July 23, 2017, 08:29:13 AM

I think everyone should take a sigh of relief, the big blockers are going to fork off and effectively create their own altcoin.
This gives the possibility of an amicable divorce.
The markets can decide the outcome and the petty fighting and trolling can reduce.

Plus, a successful fork to BitcoinCash means that 2x part of Segwit2x has less likelihood of being supported and causing another more damaging fork in November.

NYA is still valid and there will be a HF in November. There is a possibility of 100% support so there could be no chain split. On the other hand, ABC was initially proposed as a counter strike to UASF suggested by core's developers who wanted to make it with nodes and change in POW. However, this will not happen. I am really surprised that after the lesson of the Bip 91 Wu and probably Ver still insist on their 'projects'. They clearly saw that the bitcoin economy is against any chain split and will punish any man no matter how great he think he is. Such splits are endangering the upward trend of the BTC as everyone on this planet saw this Summer.

Quote from: Elwar on July 23, 2017, 12:42:28 PM

So what do the bits in the charts show?

Is there a BCC fork going on?

I don't know if the traders are panic selling due to this 'cash' rumors or is just the usual Sunday dip. What we know for now is that 2 exchanges - viabtc and okex will accept BCC - the new cash fork. Only Wu knows if he is going to activate HF on 1st August... for now. The situation of ethereum was absolutely different. Eth HF wasn't decided by Vitalik alone but with voting of the whole community - both owners of ETH and miners. Each miner has a vote according to his hashing power so it was a community decision. Now Wu acts alone as the bitcoin villain. Not very different are also Ver and Wright of course with their moron 'projects'. Btw, my advice for everybody is to store your coins on cold wallets until the storm passes. Then you can split the conis and dump the BCC or whatever shit is called Wu's altcoin. It is unclear which exchanges will accept BCC and make the split for their customers.

Quote from: r0ach on July 25, 2017, 06:51:43 AM

Quote from: fluidjax on July 25, 2017, 06:16:26 AM

Look at the requirements for 32M blocks, 400GB daily, 128Gb ram.
At 32M, this excludes 95% of the current bitcoin nodes creating almost total miner centralisation.

There's this new coin called physical silver bitchez that fixes horrific bitcoin centralization, blockchain bloat, and scaling.
....
Because the sheklers at Goldman Sachs told people to buy bitcoin with both hands, which means it's probably going to 12 cents

None of the above statements is sane. R0ach, we all know your story. You were really 'smart' to buy silver around 50$ instead of bitcoin which was 200-300$. Now the silver is 16$ and bitcoin is 3000$. Silver hardly ever will return to 50$, while bitcoin will continue to rise. You can still cover your losses and buy bitcoins, if you are not broke of course Tongue

Quote from: Elwar on July 26, 2017, 06:21:57 AM

The longer btc-e is down, the lower the price will go on speculation that yet another exchange was hacked.

May be an exit scam, may be not:
http://www.livebitcoinnews.com/unscheduled-data-center-outage-keeps-btc-e-exchange-offline/

Jesus, those 1-2K sell walls at 2600 in bitfinex eaten so fast Shocked

Quote from: jbreher on July 28, 2017, 06:51:31 PM

Yes. In my math, $403 is exactly between 1% and 2% of $2759. </s>

And you call that math?!?!? Jesus, I wonder how many 'traders' trade by such math Grin

Jihan Wu dumped 3K bitcoin on bitfiniex in 5 mins. Only 1% damage. He will see what a real dump is on his BCC on 1 Aug Grin

Just a rich spoiled troll dumped 1K BTC on dumpfinex when it was on its way to the new ATH. I watch his 200-500-1000 walls for some time. He never makes profit, just enjoys hurting everyone else. Probably Jihan Wu or his puppet. Nothing new... I hope FBI closes too that exchange Huh

I feel sorry for those dumpsters on dumpfinex that sold below 2700$ just before the split and didn't get the BCH Wink

Quote from: jojo69 on October 03, 2017, 07:31:19 AM

Quote from: vroom on October 03, 2017, 07:29:22 AM

Quote from: BlindMayorBitcorn on October 03, 2017, 05:23:09 AM

Has everyone decided what to do with their S2X fork coins? Could this be the version that backdoors onto Wall street ETF-style?

If I understand it correctly we will not be able to use 2x coins without replay protection. transfering 2x coins without replay protection also transfers your bitcoins.

fuck that!

Actually, the coins can be splitted, but they must be tainted by newly mined coins. While this option can be included in the wallets updates, I am not sure if this will be done by all major exchanges. In the past they required replay protection, we will see this time what they decide. Anyway, for some time nobody will know what the price of the 2 bitcoins should be, which may lead to another bearish fall during the days/weeks of uncertainty. At least this happened after the announcements about the BU fork. Now again the two sides for pollitical reasons are refusing to make mandatory replay protection. If Lee's advice is followed, the new 2x thing should be altcoin like BCH:
"So Coinbase is forced to support both forks at the time of the hardfork and need to let the market decide which is the real Bitcoin. Now the question is which fork will retain the “BTC” and “Bitcoin” moniker and which will be listed as something separate. Although Coinbase signed the NYA agreement, I do not believe that this agreement binds them in any way with respect to how to name the separate forks. For practical reasons, the BTC symbol belongs to the incumbent, which is the original chain. This is because there will be no disruption to people who are running Bitcoin Core software and depositing/withdrawing BTC to/from Coinbase and GDAX. And only if you trade the coin on the 2x fork, would you need to download and run the BTC1 Segwit2x client.
If the market really supports this Segwit2x upgrade, that coin will trade at a higher price. And then we will all agree which is Bitcoin and which is a minority fork. There will be no contention at that point."

In the same time everyone is asking how btc will be the 'true bitcoin' with 5-10% of the hashrate? Huh

Quote from: d_eddie on October 04, 2017, 09:07:56 PM

Quote from: Odalv on October 04, 2017, 08:58:56 PM

Your BTC transaction will be replayed on BTC2X.

That's by design, for maximum disruption. A hostile takeover attempt by any reasonable standards.

I think splitting BTC-B2X will require mixing freshly mined coins into one's transactions. The landing chain of the transaction will be the chain where the fresh coins were mined. I still have to figure out how to do that.

There seems to be a different way invoving timelocked transactions - but I won't have a clue about this bit of magic until I research the matter. BTW, for the technically knowledgeable: pointers would be welcome Wink

There is going to be opt-in replay protection. (Why opt-in and not strong, see https://bitcointechtalk.com/how-segwit2x-replay-protection-works-1a5e41767103)

To split your coins
On BTC chain you have some coins in address (A), you send your coins to another address you own (B), and include a further special recipient address 3Bit1xA4apyzgmFNT2k8Pvnd6zb6TnwcTi to whom you send a few satoshis. (You have to use send to many option in your wallet, to send them at once).
Any transactions that contain this special address will be ignored by 2X miners.
Once this is successful, you will have your BTC in an address(B) you own.

Now you switch to the 2X chain, and send again from your first address (A), this time to a different addresses (C) you own this time omitting the special recipient address.

After this:
A is empty on both chains
B contains BTC coins
C contains 2X coins

Quote from: BlindMayorBitcorn on October 05, 2017, 07:56:17 AM

Quote from: ivomm on October 05, 2017, 07:49:26 AM

Quote from: d_eddie on October 04, 2017, 09:07:56 PM

Quote from: Odalv on October 04, 2017, 08:58:56 PM

Your BTC transaction will be replayed on BTC2X.

So if we want to use the Bitcoin blockchain now we have to send two txs at once, one real one and one spam. That right?

Not now, this can be done after the HF on Nov 18-19 and just once to split the coins. Now you proceed as usual.

Quote from: fluidjax on October 05, 2017, 09:40:32 PM

Quote from: jbreher on October 05, 2017, 09:36:40 PM

Quote from: ivomm on October 05, 2017, 07:49:26 AM

To split your coins
On BTC chain you have some coins in address (A), you send your coins to another address you own (B), and include a further special recipient address 3Bit1xA4apyzgmFNT2k8Pvnd6zb6TnwcTi to whom you send a few satoshis. (You have to use send to many option in your wallet, to send them at once).
Any transactions that contain this special address will be ignored by 2X miners.
Once this is successful, you will have your BTC in an address(B) you own.

IIUC, I would not employ this mechanism for my coins. The part that I have underlined seems to require full faith in what the miners will do. You have no a priori method of knowing whether that address will 'be ignored' by any miner.

Yes, it's a policy, miners could ignore the policy and include the transaction.

No, this is not correct. Transactions to that address are will be considered invalid by 2x nodes & miners; A block containing them would be invalid and not be built upon.

"Do you accept Bitcoin?"
"You bet!"
"Great!" *sends transaction*
"Where's my money?"
"I sent it!"
"I'm on Fork 3B"
"I'm on Fork 27A"
"Shit."

J. Garzik revisits replay protection:

https://twitter.com/alistairmilne/status/917294531586019328

May be there will be strong replay protection after all...

https://cointelegraph.com/news/f2pool-deals-possible-death-blow-to-segwit2x-fork-withdraws-support

Finally, f2pool stopped signalling as promissed a long time ago. Now 2x altcoin have 85% signalling. This has to remove the fear of not having enough hashpower for the legacy chain. IMO way less will be the real hashpower for 2x, I just don't believe regular miners will mine on loss for a long time.

Quote from: Dabs on October 17, 2017, 01:39:35 PM

Quote from: rjclarke2000 on October 17, 2017, 01:27:48 PM

How many btc does Ver have?

At least 350,000.00000000 BTC. Unless he burned it all into BCH.

This was a long time ago. Ver claims to be a cryptocurrency expert, but he made several very bad decisions. He lost big time during the infamous zcash 3kBTC and BCH 1K$ pumps. Now he is trying to hammer BTC by claiming 2x to be the 'real' bitcoin and using bitcoin.com to fool people. With so many bad decisions he is not respected by anyone but fraudsters like Jihad Wu and Craig Wright. Grin

28K BTC were sold in bitfinex for the last 24 hours. This is nothing to do with bad news or the coming HF. The same amount was spent to pump BCH... The conclusions are clear. Rojer Ver and JihaD Wu are emptying their BTC holdings for the last pathetic attempt to hold the BTC. Btw BCH miners can't support the pumps since with EDA they are always getting the same profit even if the price drops to 1$.

Quote from: WhatsBitcoin on October 18, 2017, 10:34:33 AM

Quote from: ivomm on October 18, 2017, 10:30:40 AM

28K BTC were sold in bitfinex for the last 24 hours. This is nothing to do with bad news or the coming HF. At the same time the same amount was spent to pump BCH... The conclusions are clear. Rojer Ver and JihaD Wu are emptying their BTC holdings for the last pathetic attempt to hold the BTC. Btw BCH miners can't support the pumps since with EDA miners are always getting the same profit even if the price drops to 1$.

It's not always the usual suspects. The most serene republic has probably been dumping for days.

May be. But I don't think anyone else but Ver and Wu pumped BCH. At least Ver decalred it openly in his twitter many times in the last days.

This is a spectacular comeback from 5114 to 5400 on bitfinex Grin

Woe to the weaklings who sold at the bottom Shocked

Anyone long Bitcoin for more than 3 weeks ...

kraken price: €67,666,584,401,241.7

almost there..... Grin

https://i.imgur.com/fLgN6M6.gif

Quote from: rjclarke2000 on October 22, 2017, 01:51:42 PM

Quote from: sirazimuth on October 22, 2017, 01:27:22 PM

Quote from: conspirosphere.tk on October 22, 2017, 08:44:36 AM

Quote from: Fatman3001 on October 22, 2017, 08:26:57 AM

Terms like "racist", "fascist" and "antisemitism" are pretty well established words with clearly defined meanings.

what does it mean "semite"? do you know it?

Quote from: Fatman3001 on October 22, 2017, 08:26:57 AM

"SJW" otoh is short for a truly nonsensical label. It's bigoted right wing nutter code for "not a bigoted asshole".

Go to play the political correctness kommissar somewhere else. With me it does not work.

Quote from: Ibian on October 22, 2017, 12:21:21 PM

Quote from: Fatman3001 on October 22, 2017, 10:38:35 AM

Quote from: Ibian on October 22, 2017, 10:03:10 AM

Quote from: Fatman3001 on October 22, 2017, 08:26:57 AM

Terms like "racist", "fascist" and "antisemitism" are pretty well established words with clearly defined meanings.

Yeah, they mean someone you don't like.

Quote from: Fatman3001 on October 22, 2017, 08:26:57 AM

"SJW" otoh is short for a truly nonsensical label. It's bigoted right wing nutter code for "not a bigoted asshole".

It means someone who, much like a small child, throws a tantrum when encountering someone he does not like.

Drop dead Ibian

Hey Conspirosphere! Mr.Stormfront himself is here to back you up. Lucky you!

https://youtu.be/l7QAiz2DQgY?t=20

"I hate you daddy!"

seems like the dips brings out the best in folks around here....

next thing ya know... roach will show up...

No no, r0ach is enjoying life on his boat in the Caribbean after investing in silver in 2013 and not this piece of shit bitcoin.

Well done him.

Haha, that noob r0ach other account. You mean you bough at 50$ and now silver is 17$! Very good trade! I wonder how he is not hanging himself with that loss lol

"Bitfinex will implement a Chain Split Token for Bitcoin Gold. A formal announcement will follow shortly."

https://twitter.com/bitfinex/status/922488259070038019

"Bitcoin Gold/BTG futures (0.085 BTC) higher than Bitcoin Cash/BCH (0.055). http://yobit.net/en/trade/BTG/BTC … and @bitfinex adding soon."
https://twitter.com/adam3us/status/922569768770478080

"Please disregard the prior tweet about our stance on BTG. Kraken has not made an official determination on BTG. We will announce plans soon."
https://twitter.com/krakenfx/status/922493817776898049

The previous tweet was:

P.S. After the tweet on bitfinex, bitcoin recovered from 5700-ish to 6000-ish... Cool

This year we had at least 5 drops of 30-40-ish% from the last ATH. Now we have 12% drop and trolls are trying to steal our bitcoins by exaggerating the charts. Such small to medium drops are in fact quite healthy for the price for many reasons. On of them is that there will be less pressure on the sell books, when bitcoin starts to recover. Usually it recovers so fast that most of the shorters get rekt. Cool

Obviously many traders are still trading bitcoin as altcoins during pump/dump cycles. They buy when bitcoin price rises and sell when it drops. Needless to say they are satisfied with small profits or even losses! Some of these noobs are quite rich to put sell walls like 500-1000 btc when the price is at the bottom. Anyway, the present situation is not good only because of the contentuous fork segwit2x. I expect the price will continue to rise before the HF but occasionally to have some dumps of noob whales, because of the FUD the HF brings. Unlike the situation of AltCash, when the bitcoin trading wasn't endangered, now it is. There is a possibility that most miners will mine 2x part on a loss to make the legacy blockchain weak and vulnerable. There are even posts in reddit for an organized 51% attack on the legacy chain. If this happens core team will have to urgently change the POW algorithm or switch to POS. I don't believe that miners will go completely rogue, since this is a suicide. The uncertainty may continue for 2 weeks after the HF, when the difficulty is adjusted for both chains. Nobody can predict what will happen, but there is a small possibility that miners 'win' if the bitcoin price crashes and most exchanges decide to follow the hashpower. I don't see how the current price of bitcoin will transfer automatically to the 2x altcoin, so miners are delusional that they will mine (even in the distant future) with bigger profits. It is more probable IMO that the users will win and bitcoin will remain what it is - the unique always rising cryptocurrency in the world!

Waking up and seeing the price:

Everytime AltCash pumps follows a dump on Bitcoin. Hmm... JihaD Wu and his moron puppet R. Ver are delusional if they think users will follow their scam. Cool

Last few days BTC was oversold. The depth of the markets shows that the demand is rapidly increasing. Moreover at least 1/3 of the miners switched to BCH which is more profitable by 50%. I expected the price would hold during the weekend and probably go up in the next few days. Who knows, may be another ATH is coming?

Quote from: ivomm on October 29, 2017, 03:22:38 PM

This was minutes before the pump. I want 0.5BTC reward Grin

Quote from: Dakustaking76 on November 01, 2017, 10:27:51 AM

Quote from: har23 on November 01, 2017, 10:27:13 AM

5930€ ON KRAKEN Grin

Yea Damn Whats happening guys? Huh

At one point at kraken sell book was a huge gap and some whale hit the button buy at the market price Grin

. Anyway, even at this price (around 6900$) he won't regret Cool

576BTC wall at bitfinex eaten like snacks Grin

6600 incoming!

Quote from: alekad on November 01, 2017, 09:39:41 PM

Quote from: bitserve on November 01, 2017, 09:35:07 PM

Maybe silver then?

Just kidding

Yes, silver, no jokes. It's much more undevalued than gold right now.

Roach, is this you? You are the only guy in the planet to write about crashing gold and silver in bitcoin forums. How many accounts do you have? 100, 1000, 1 000 000? Do you believe you can fool anyone to buy so that you are not the only loser? Huh

Quote from: lightfoot on November 01, 2017, 10:49:36 PM

Here we are, 6666.6

Yaay!

CNBC, November, year 2018: "Today Bitcoin just hit alltime high 66 666$! BCH and B2X both gained 5% to return to 105$." Grin

Quote from: honolululu on November 02, 2017, 06:41:27 AM

$7050 on GDAX!

Is it normal for GDAX to be 1.5% higher?

Hmm, 369BTC hidden wall at bitfinex eaten fast at 7080$! Wink

Where is r0ach and his clones to talk about silver and gold. He must be biting his nails now Grin

Clearly Jihan Wu, Rojer Ver (and friends) are combining their efforts to bring bitcoin down and pump BCH. They use any gap on the bitfinex bids to hammer the price by spending thousands of bitcoins. I am afraid that the 'free money' from the fork will come with severe attacks from this gang of morons. They will use the time of uncertainty to hammer bitcoin as hard as possible, with the hope to force the users to accept 2X as bitcoin.

https://cointelegraph.com/news/bitcoin-needs-new-proof-of-work-chain-after-segwit2x-says-bitcoinorg-co-owner

Not 2 but 3 bitcoins after the HF! I've expected that core team is secretly developing an emergency nuke POW change in case 2x wins. I know that some still think the legacy chain can survive with 20% hash support but it is not realistic. In this case unfortunatelly the original bitcoin will die and everyone will say: "The king is dead. Long live the king!" It remains to believe that by some magic wand the current price will be transferred to one of the forks.

https://cointelegraph.com/news/segwit2x-hard-fork-could-have-devastating-consequences-for-bitcoin

I am still wondering whether the risk of hodling through the fork is worth the nerves Undecided

Something bad is happening to Kraken! Not working for months! Are they cooking an exit scam?

What a day - from 7000 to 7900 then back to 7000 and now slowly back to 7900. Incredible! Too bad kraken fucked me up. Undecided

Anyway, Electrum tweet (Segwit Who?) says it all:

https://twitter.com/ElectrumWallet/status/928330837967458305

kraken USD price: 7230
Euro price: 6040 =7030$. Some traders are completely illiterate!

Quote from: marksneg01 on November 10, 2017, 01:02:24 PM

People...don't be in panic, and don't sell your Btc, and don't sell and buy other coins trying to earn because the reality is that you will lose, if you are not a professional trader then be quiet, be calm...and forget this till december or next year...i am newbie in this forum but i have a lot of time in this bitcoin ecosystem and developing in the blockchain Wink

Panic only newbies for whom 7% drop is the end of the world. We have to wait and hodl. The depth of the market swings again in favour of the demand and miners seeking daily profit switched to BCH. I guess that BTC price will recover in matter of several days or even hours. Tongue

Quote from: Dotto on November 10, 2017, 01:50:21 PM

Do we have a FUD news that I missed or it´s just a random move?

I guess https://www.coindesk.com/us-treasury-secretary-were-looking-carefully-at-illicit-uses-of-bitcoin/

~~17%~~ 20% drop from the ATH and 9% 10% for today - come on, is this all you got bears? Grin

We've been through 42% drops from the ATH and 30% for one day (3-4 times this year!), so this is a ridiculous attempt to scare hodlers Cool

BCH is pure pump/dump scam. Soon it will crash back to 300$ and below. Wu and Ver can't help the coming shorting. It is good for Bitcoin that the daily profit miners switched to BCH. This means quicker recovery and new ATH for Bitcoin in the next days.

This reminds me when Ver pumped Zcash in Poloniex to 3 200BTC and then booom!!! Back to 0.5BTC. So many people lost their money, never to get them back! Now the same is going to happen with BCH. The bigger the pump, the deeper the dump Cool

Let's sum up: Today many traders sold Bitcoin at 20% loss and bought BCH at 1400-1500$ and now are at 20% loss waiting for BCH to return (may be, but I doubt it). In the meantime Bitcoin is returning at least 10% of it's value, so their current loss is 50% compared if they only holded! Well done, you are now blessed by scammers like Rojer Ver! At least you learned the hard way the most important lesson: You may chase pumps and soon be broke, or you hodl Bitcoin and have some real profit! Grin

Quote from: har23 on November 12, 2017, 04:57:05 PM

many sell wall of 1000 BTC in bitfinex at different price.. This is sad.. really sad.

This is Ver's last bitcoins, hopefully. He is a cancer to the world Huh

Time for the next ATH contest. My date is 15 Dec 2017. Tongue

It's time that 2kBTC sell wall in bitfinex to be eaten. Wink

Quote from: ivomm on November 13, 2017, 09:31:44 AM

It's time that 2kBTC sell wall in bitfinex to be eaten. Wink

Finally, gone! Grin

Quote from: xhomerx10 on November 13, 2017, 11:13:55 AM

Quote from: LewisPirenne on November 13, 2017, 11:11:30 AM

The news links below, but in Korean.
Basically 3000 people show up at Bithumb's Gangnam HQ to protest that lovely Gox style candlestick from 2.85 mio KRW ($2600) to 0.25 mio KRW ($220). The presidential palace is demanding an investigation into the incident. Hope that Vers et al. won't get a visit from those Jopok anytime soon. Roll Eyes

Quote from: conspirosphere.tk on November 13, 2017, 10:52:36 AM

Any news about what is happening at Bithumb? That's the korean exchange where most of the BCH trading/pumping happened I think.

I was thinking that maybe JJG has gone to Korea to kick some ass. Haven't seen him here since the shit show began.

Hahaha. BCH pumpers (Ver, Wu etc) got what they deserved.

BCH vs BTC (Just to be clear: R. Ver is the little guy Grin

)

Ver is delibarately spending his 25K bitcoins on bitfinex two weekends in a row, when people can't transfer fiat from their bank accounts and stop the drop. At the same time he is buying bch to confuse people that investors are switching from bitcoin to bch. He is so full of himself that can't admit his own defeat with all these scaling gibberish. Anyway, he can't change neither the upward trend of Bitcoin nor the downward trend of bch, no matter how great pumper/dumper he thinks he is. Next week we will see many ATH's for the Bitcoin, and below 1000$ for the bch.

Quote from: vortex1878 on November 19, 2017, 10:04:05 PM

Beware of Bitfinex!

I had withdrawn everything from them weeks ago. The writings on the wall...
But still hat to use them to buy Iota (what I recommend to everybody though).

My last Iota withdrawals are still pending, more than 5 hours from approval. Iota transactions are instant.
I have opened a support ticket etc. No reply, of course.

I recommend everybody to withdraw everything from Bitfinex, if still possible!!

https://twitter.com/bitfinex/status/932287734152081408

Quote from: JimboToronto on November 20, 2017, 08:37:57 AM

Quote from: HairyMaclairy on November 20, 2017, 07:20:37 AM

Full credit for having the vision and sticking to it through some long dark years.

I bought some AEON today for $2.45. Maybe if I hang onto that for 10 years it will also be worth $8k. It’s a Monero fork, equivalent to Litecoin.

Bitcoin is still your best bet. It's not too late to make a pisspot full of money just by holding Bitcoin.

When I bought in at $68 I felt like I'd already missed the boat. I was disappointed I hadn't learned of it 6 months earlier when I could have bought for less than a tenth of that. I really wished I'd found out about it when it was worth a few pennies.

Luckily, I realized how important Bitcoin was and didn't panic when it dropped to $50 after hitting $266. Instead I bought more.

Same thing during the long bear market following the Gox implosion. I kept buying all the way down and on every dip on the way back up. I amused myself through the tough times by sparring with Bitcoin-hating trolls like Notlambchop and Matthecat.

I shrugged off the loss of 50 coins to MtGox even though it raised the average cost of my other coins up to close to $200. I've kept buying the dips all the way up since then. Now my average cost is over $300 per. I'm still buying, except that now I'm buying a tenth of a coin at a time instead of ten at a time.
_____

I can see how some people feel it's too late to buy in. They said that at $30, again at $300 and again at $3000. They'll say it again at $30,000 but when John Mcafee avoids fellating himself on national television, people will be envious of those who bought for "only" $30k just as they are now envious of those who only paid triple digits. It's all relative.
_____

I really don't see any current altcoin having the potential for growth that Bitcoin has. It's open source, its network is the biggest computer force in history, and it has the advantage of being first.

The reason for the early success of Litecoin was that it extended the life of pre-ASIC mining equipment but most people mined it to buy Bitcoins.

Ethereum promised smart contracts but it was basically a scam on Vitalik Buterin's part to weasel other people out of their bitcoins by pre-mining and then holding the first ICO, payable in Bitcoin. Eventually the smart contract function will be added to Bitcoin via sidechains.

While there are some attempts at creating a revolutionary blockchain-based currency (especially in seeking anonymity) most are just lame me-too attempts.

IMHO only Bitcoin holds the potential to keep showing the gains we've seen these last 8-9 years. We may have missed the innovator stage of the adoption curve but we're still in the early-adopter phase. Just wait until we get to the early mainstream stage. It's not too far off.

I hope you are right. When bitcoin was around 300$ I was afraid it will go back to 100$. Instead, in May 2016 it went to 650$, November 750$ and in December to 1000$. If we compare the price for each month this year, bitcoin increased 1000%, i.e. 10 fold. The train can arrive at 10 000$ earlier this year, it is already ahead of schedule. And all this despite the forks and China's ban. If it keeps doing its thing, in November 2018 it should be at least 80 000$. Prices like this of course will have some psychological effect and FUD like 'tulip mania' will be more intensive. By then however, exchanges will have to swich displaying the price in mBTC, as Coinbase is doing now. There are still many noobs who don't know that they can buy parts of BTC.

Quote from: fragout on November 21, 2017, 12:35:33 PM

Managed to sell my few bitcoin gold yesterday at the bottom ($70). My timing is still perfect when judging a bottom or top

I was about to do it, but decided to give it a chance seeing the prices of other exchanges. Then bittrex opened deposits and I sold it aroung 0.04 for more btc.

https://www.bloomberg.com/news/articles/2017-11-22/gold-fund-joins-bitcoin-frenzy-as-bulls-see-prices-at-10-000

Wtf, I slept through all this historic $10K historic breakthrough? Grin

Anyway, I am celebrating with this video: https://www.youtube.com/watch?v=C9jXiw5iVXE.

Btw, I saw the pathetic BTC dip and bcash pump. Clearly, Ver is flipping his wealth to the doomed b_eecash shit. Well, at least he showed his real face:

The usual suspects Ver and his sockpuppets in their last attemt to 'stop' BTC and pump the dying bcash shit... Tongue

BFX is 4% behind gdax! Even Bearstamp is 1% ahead of BFX!!! Huh

10K revisited! And the winner is ... bearstamp!!!! Grin

https://www.bloomberg.com/news/articles/2017-12-01/bitcoin-futures-to-start-trading-as-regulators-rush-to-catch-up

BTC

In the meantime:

BullFinex

~~5K BTC bought in 5 mins!!!!~~ 8K BTC in 15 mins!

Quote from: 600watt on December 03, 2017, 11:12:06 PM

Quote from: milkshock100 on December 03, 2017, 11:07:28 PM

That must be the most laughable dip I’ve ever seen. Pathetic.

it takes longer to log in @kraken than those dips last. Cheesy

Besides Kraken as always was trailing in euro 4-5% behind. I wonder if the euro sellers are illiterate and not able to calculate usd/eur rate or just too rich to care. Cool

Based on this older post https://www.reddit.com/r/Bitcoin/comments/7fe0ax/rumor_hedge_fund_whales_to_buy_this_weekend_to/?sort=new and some newer tweeter/slack/telegram posts, it seems that some hedge whales were testing bitcoin price on coinbase in both directions (-20% to +20%) in 24 hours. They calculated how much $/BTC is needed to spend to reach certain % at the end of each working day (on the average of coinbase, gemini, kraken and bitstamp). Let's hope we will not see 4 digit price next weak and BTC will overcome these wallstreet noobs!

Any news about the CFTC's decision on possible ban of bitcoin futures? https://www.cnbc.com/2017/12/07/bitcoin-futures-push-back-by-wall-street-banks.html

- Traders who sell 10% lower than the last ATH - desperately need cash to buy something.
- Traders who sell 15% lower than the last ATH - stupid.
- Traders who sell 20% lower than the last ATH - very stupid.
- Traders who sell 25% lower than the last ATH - morons/imbeciles.
- Traders who sell 30% lower than the last ATH - drunk morons/imbeciles.
- Traders who sell 35% lower than the last ATH - drugged morons/imbeciles.
- Traders who sell 40% lower than the last ATH - last stage of drugged morons/imbeciles.

That's why we didn't see this year -45% from the ATH. FYI, after all of the recent drops the price recovered in hours/3 days tops.

Quote from: fabiorem on December 09, 2017, 08:49:45 PM

Quote from: realr0ach on December 09, 2017, 08:44:17 PM

Quote from: gentlemand on December 09, 2017, 08:39:14 PM

http://www.zerohedge.com/news/2017-12-08/bulgaria-government-shocked-discover-it-owns-3-billion-bitcoin

Ain't seen any mention of this.

Yea, I was surprised nobody was freaking out over a $3 billion govt dump. It will likely be auctioned off like all other confiscations, but still, who the fuck wants to buy $3 billion of imaginary bitcoins using wealth that took generations to acquire? Especially when you have things like bitcoin cash and all these other forks going on. It's not longer safe to pretend there's only one chain. You could be buying $3 billion of invalid chain lol.

A hedge fund can buy those coins from the bulgarian state and dump it selling contracts for shorts at CME, then apllying 10x leverage to win the bet and buy back the coins at a low price.

There is a lot of talks in the news about Bitcoin lately in Bulgaria. The officials said in the news that no one has the right to confiscate the 200K Bitcoins. But they are "locked and tainted" (whatever that means) as evidence of criminal activity. The top private television also aired an extensive documentary about Bitcoin, cryptocurencies, mining farms (mostly around hydro electric centrals) and exchange activity in the country. The Bitcoin frenzy lead the banks to ban all transactions to all domestic and foreign crypto exchanges. Of course, they can't ban the online banking offered by various services, so it is not a big deal.

Whoaa, what a big green dildo!!! Clearly, the futures just started. Any link to watch what is going on?

Looking at the charts now:

The meme and word "HODL" came from a misspelling of "hold" posted in a whiskey fueled rant four years ago this month in 2013 on BitcoinTalk. Sellers were panic selling as the market crashed from $900 to $700. HODL was good advice.

https://twitter.com/brucefenton/status/940205591951179776

I am so happy that all noobs playing the 1% daily game (incl. the moron with 1.2k BTC selling at 17250$) are soooo rekt now!!!! Now all their gains in terms of BTC are wiped out! If they don't buy now at 10% higher price, they will miss the next doubling coming soon. You never learn you lessons, noobs, don't you? Cool

Most of the traders are too emotional to make a real profit. The only way to prevent the bankruptcy is to learn to hodl. The usual scenario is like this:
1. Buy Bitcoin.
2. Bitcoin doesn't rise.
3. Some altcoin rises 50-100-300---% in 2-3 days.
4. What to do, what to do.. Ok let's sell the bitcoins with 10-30% loss.
5. Now let's buy altcoins 1,2, 3,...
6. Yupee, they rise 10%! I'm rich!
7. Oh, no!! They lose 10-20% in several minutes! I can't sell because the exchange is broken!
8. Finally, exchange is working. I'll wait to get back where I bought it.
9. Oh, no! Alts lose another 50-80%!!!
10. Ok, let's sell now!
11. Look, Bitcoin is 20% above the last ATH and 50% above I sold it!
12. I'll wait for the big crash to buy it again. In the meantime I will spread FUD in the forum.
13. Finally, Bitcoin is 10% less than the previous ATH but 100% above where I sold it!
14. Let's buy now.
14. Oh, no! Bitcoin is down 10% again. Go to step 3. Rinse and repeat.

Balance at the end of the year:0

In our country we have a saying: Every miracle for 3 days. In the crypto world it translates: every pump for 3 days. This is again the case with bcash, which is by no means the biggest pump in history. Looking at the chart of bcash in poloniex, one can see that the previous pump reached briefly 0.4 BTC and then suddenly dropped. From what I've read, some cool guy dumped on bithumb almost to 0 all his bcash. In such cases this exchange has the rule to turn off the servers so that it preserves the funds of Jihan, Ver and his sockpuppets. This move prevented other exchanges from going to 0 also. Anyway, the dump was inevitable. It will happen each time Ver is trying to overtake BTC. Why? Because nobody trusts a coin manipulated by a fraudster and his sockpuppets. I think no one will sleep well if trying to hold bcash. There are too many risks involved. What if Ver dies, or spends his last BTC in the belief that his sockpuppets will continue to pump it? No one can see a bright future in such shady shit coin. Grin

Time for the next ATH game Grin

I say 29. Dec. 2017. After series of ATH's BTC will reach 25K on 15.Jan.2018 before the next dip.

Quote from: El duderino_ on December 22, 2017, 08:18:25 AM

Maybe because its This time of the year we make a small game Just to call 24777$ (CET) the one with the day of breaking This price wins .25 BTC
The list Will be Made after This post So When a date is taking iT cannot been taken again
When the winning date is exactly in the middle of 2 each Will get .25
Oterwhise closest to the winning date wins

15.Jan.2018

This dip as well as November 30%-ish dip were started by Ver and his sockpuppets selling BTC for usd and then usd for bcash. Both campains were explicitly stated by Ver in his tweets explaining how Bitcoin Core was "stolen" from bcash and he will sell all his bitcoins for bcash. They didn't learn the lesson from November that hammering BTC will hammer even harder bcash price. After the downward trend was started the pannic sellers continued to deepen the dip until their cheap BTC were swallowed by the whales waiting to start the next bull run.

I like this guy:

https://twitter.com/CNBCFastMoney/status/944341675119218689

And the FUD trolls (i.e., 1% daily traders that holded back the price for 2-3 days) are rekt again. Bulltime!

Quote from: AmazonStuff on December 26, 2017, 08:42:26 PM

Quote from: nikauforest on December 26, 2017, 08:41:00 PM

Quote from: AmazonStuff on December 26, 2017, 08:35:35 PM

H&S pattern

If it plays out , then we have a big buying opportunity around 8k.

My target too

Ew, poor trolls! You are still dreaming you can influence the price by such noob posts Grin

You came out of your mouse holes for a little while just to hear the king lion BTC roar and then back to your holes for months. Let me guess: your next dream will be drop from 30K to 20K. Grin

It is funny to see every time there is a dip, the trolls be like: I put buy offers at 8000 and 1000. Wow, some noob with 0.01 BTC may fall for that and sell Grin

The enemies of BTC failed miserably in their attempt to sabotage BTC hodlers. Even at 14K the gain is 1400% for a year!!! Whatever they do, there will be only 21 mil BTC by 2040 (currently 80% are mined), so good luck with the bear plans!

Relax guys! Just like Lee sold all his litecoins and crashed the price, the xrp company will soon sell all its 60bln xrp's to crash the price forever beyond repair. There are also 40bln coins in circulation, so the question is who will overtake who in the sellout.

Quote from: El duderino_ on December 30, 2017, 10:54:39 AM

Mmm Many friends and friend of friends calling me cause few years back they hear me talking about crypto and bitcoin.... I told them to buy maybe Just buy every month of there savings a small percentage into bitcoin No matter what the price is... instead Just normal talk and answers we Will look into iT and blabla only 1 out of 20 bought it that time....

Last 3 to 5 months offcourse Many calling for what to buy and isn’t btc over maybe to buy cheaper coins and So on...
Giving them the same advice Just buy 80-90 % btc and maybe try with the other 10-20% to play a little bit
BUT MOST OFF ALL COLLECT THEM BITCOINS

Now everybody is giving me types and Hero story’s about buying ripple and Going from 0.75 to 2.6 and beeing masters of crypto :-). :-) how Many of you Guy’s have freinds suddenly telling you what to buy and whats best and everything

I tell them: if you have 10-20% gains, its OK, just hurry to sell now, because no one knows when the owners and hodlers (total of 100 bln xrp coins 60 bln of which held by the owners!!!) will start dumping. You can't sleep well if you are holding. You may wake up with a 95% loss. Will you wait months and years to get back your funds? More probably you will be depressed after checking each day the downward chart and sell with a big loss. On the other hand, BTC has nearly 17 mln coins in circulation (big part of them is locked or lost forever). No one can manipulate the market long-term. There may be several days stalls but the upward trend is guaranteed. You can buy, put it in a hardware wallet and wait several years. The gains are sure and will be much more than riding the altcoins pump wave.

13K held pretty well on gdax. Bearfinex last (and costly for the bears) attempt to panic the hodlers. Tongue

Quote from: moneymaker11 on December 30, 2017, 01:54:02 PM

Quote from: ivomm on December 30, 2017, 01:52:44 PM

13K held pretty well on gdax. Bearfinex last (and costly for the bears) attempt to panic the hodlers. Tongue

You make it sound like we are done for the day (or the hour) Grin

I meant that the dips started at 22 Dec are near the end. Millions bitcoins were sold by altcoin whales to prevent bitcoin rise, which definitely whould have spoiled their pumps. There are also many noobs selling bitcoins scared by the chart. Like the January, March, June and September dips which lasted max for a month, we are heading for another bull run. My guess is that starting today we will go for another ATH in 1 month tops, and 50K-150K price range at the end of year 2018. Cool

Quote from: nioc on December 30, 2017, 03:13:42 PM

Quote from: moneymaker11 on December 30, 2017, 01:54:02 PM

Quote from: ivomm on December 30, 2017, 01:52:44 PM

13K held pretty well on gdax. Bearfinex last (and costly for the bears) attempt to panic the hodlers. Tongue

You make it sound like we are done for the day (or the hour) Grin

yep not done <13k now

I don't know how low it's goin I'll just when we have bottomed

Yep, 13K retested by the stubborn bears. Again very costly move. Their time is running out and they know it.

Quote from: rolling on December 31, 2017, 09:53:51 AM

Remember everyone. The end game of all of this fud, shit coin pump and dump, mempool spam, forks, and now empty blocks, is to separate you from your bitcoin. It would take a team of full time employees to keep track of all the shit. If you don't have a team of full time employees, the only move here is to hodl. Don't let them have YOUR bitcoin. Make them pay for it at a premium. Stop thinking so small! Take a year off. This is a long game. 4 years is nothing in the grand scheme of things. Relax, forget about bitcoin, go back to work, come back in a year.

^^^^^^

I hope in 2018 we will see prices with 6 digits! In the worst case scenario, the 20K will be revisited for sure. HODL!

At 13300 someone sold 700 BTC on bitfinex down to 12768. Sells like this are highly suspicious and quite often in the last 2 weeks. I am convinced that the xrp company is behind the last attack just like Ver and sockpuppets did before that. This was prepared months ago by gathering hundred of thousands BTC, then sell each time it starts rising. In the meantime they buy of their own offers (mostly) to continue the pump. Fortunately, BTC has only several millions coins in circulation, so this manipulation can't continue longer than few weeks. Hodlers know this and won't fall for their satanic rituals Grin

Happy New Year 2018! Oh, and btw on gdax I see 14120$ Grin

Is this the coin that has better blockchain technology than bitcoin?!?! Or just another pump and dump shitty scam coin!

https://medium.com/@slinafirinne/on-december-29th-lots-of-coins-went-missing-on-the-xrp-ripple-network-a1655e8d636d

Nice lil 1K BTC buy wall on Bitfinex moving up Grin

Clearly XRP dump from May is going to happen again, so soon it will lose 90% of its value. Noobs will panic and go to BTC again. The greed of the noobs waiting for another 10 fold raise will play them a bad joke. These pump and dumps are always executed by the owners of the coins and will bring a loss to everyone that didn't cash out in time.

Quote from: doc12 on January 04, 2018, 07:46:58 AM

Remember ripple is not a bubble, you can transfer valuable fiat for cheap and environment friendly unlinke this shady bad bitcoin ponzi *sarkasm off*

Actually ripple is a scam. It is not decentralized. You always need servers to be online to transfer money. Even if one server is down your coins are lost. Good luck with contacting ripple company to find your coins then. All rumors of banks 'adopting' ripple are fake. Imagine a bank losing billions because of offline servers???

Cripple and bcash going down. Bitcoin is up! Cheers! Grin

100mil new tethers 5 hours ago. Well done, Bitfinex, well done Tongue

OK, guys, this is it! Only 3.6K BTC to 20K $ and 4.4K BTC to 30k $ (on Bitfinex)! Lets do it!

In early 2017 noobs/trolls were wining that 1000$ is a too high price that can't be sustained. For a month or two it looked like they were right. In June they were wining that 3000$ is a too high price that can't be sustained. In August they were wining that 5000$ is a too high price that can't be sustained. In December they were wining that 10000$ is a too high price that can't be sustained. In January 2018 they are wining that 20000$ is a too high price that can't be sustained. Not hard to predict in June they WILL be wining that 50000$ is a too high price that can't be sustained and so on.

Dear trolls/noobs! The price of Bitcoin is determined by the demand and the totall supply. No matter how many alts are there and what qualities they have. They will ALWAYS be a portion of a Bitcoin!

Quote from: kosse on January 08, 2018, 08:44:07 AM

Like I said yeasterday the old mammoth is already faltering. We are about to go down big time!

It is funny to see how poor alt trolls are crawling from their mouse holes each time BTC dips for an hour. What are you hoping for, noobs? That with 15$ buying ripple, iota or other scam that hardly will survive 2-3 years and win 10 mln $? Not gonna happen, I guarantee!

Quote from: svdleer on January 08, 2018, 01:23:25 PM

Quote from: milkshock100 on January 08, 2018, 01:22:30 PM

Have we just gone down 500 in 10 minutes ?

5 minutes, the 15000 buy wall was pulled @ GDAX

As always Bitfinex is causing the dump. Between 13.09 and 13.19 roughly 1880 BTC were sold. They are hoping to cause panic and rebuy lower. Let's see if the traders will fall for that.

My explanation for the last weeks is this: people are desparate to increase their BTC holdings by selling on the way down with the hope they will rebuy lower. This only shows that everyone knows that BTC is going to rise much in the coming years (with or without ETF). If there are still noobs that chase alt pumps, they will either be broke by the end of January, or switch to BTC in time.

https://i.imgur.com/TkeECfh.gif

Yesterday's dump was the most hilarious fiasco I've ever seen. The guy with the 800 BTC that dumped at 14.7 later bought again at... 14.7. Clearly, he was surprised BTC didn't go below 14K as he expected. Pathetic!

Regarding that noobs are boasting with alt profits: Looking at the charts of those that are at least 3 years old, you can see that the price is constantly declining with 1 or 2 pumps (mostly in May 2017 and in Dec 2017/Jan 2018). Between the pumps there is a huge drop. In other words, even if one gets lucky to chose one of those alts and waits years with 60-90% loss in terms of fiat, at the end he may earn at most ten fold. On the other hand, if one bought BTC and holded for 3 years... you can do the math. Now, the noobs are too emotional and buy these alts at current prices waiting for the next pump. But my questions are: Do you know when the next pump will be? In May 2018, or Jan 2019, or Jan 2020? Do you be comfortable to wake up each morning and see another 10% drop in price for months/years? In the meantime, BTC will steadily rise to prices that now may seem unimaginable. After all, BTC is still in its early adoption phase with a cap of 21 mln coins, 80% of which are now in circulation.

Just woke up to see how on Bitfinex 6k 8K BTC were sold from 15K down to 13K in less than an hour and a half. This is not a normal trading. Someone desperately wants BTC to be stopped, but who? Cripple and Eth are going down, only bcash is up... hmmm. Ver is one of the suspects for sure. Or some whale with a low futures bid may be... Huh

Quote from: ivomm on January 11, 2018, 04:11:42 AM

Last edit: 7 700 000 BTC sold in one hour and 3000 BTC an hour before. Someone hates the hodlers Cool

Let's hope these 10K+ BTC sold in the last 2-3 hours on Bitfinex (and who knows how many on other exchanges) will be in better hands ( Tongue

ahem, hodlers). At least there will be a much less resistance going back to 20K, so this shaking out the weak hands is a good thing.

The moment you realize you sold at the bottom.

I can't wait kraken to be online again: Grin

Kraken update v.2.0 change log:
• improvement: faster redirect to error pages, no need to wait anymore.
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Let's hope this was the last bunch of desparate taxi drivers who bought at 20K and dumping at 13K Grin

This is hilarious: BTC vs. eth vs. fiat:

https://i.imgur.com/iqXK9mU.gif

Don't worry, Bitfinex is printing new 100 mln tethers. In several hours BTC will rise 15-20%.

"The U.S. securities regulator on Thursday raised alarm about the safety of bitcoin-themed investments, telling the fund industry they want answers to their concerns before endorsing more than a dozen proposed products based on cryptocurrencies."
....
"There are a number of significant investor protection issues that need to be examined before sponsors begin offering these funds to investors," said the letter signed by Dalia Blass, the SEC's director of the division of investment management.
...
"It shows that they're going to have to take some time to consider the industry's responses before they change their minds on it," said Senderowicz, a partner at Dechert LLP.

"It gives a template for how to get to a yes."

-------------
Source:
https://www.nytimes.com/reuters/2018/01/18/business/18reuters-bitcoin-sec.html?partner=IFTTT
------------

If this source is true, we are going to see ETF soon. Wallstreet better prepare for this now Grin

I just received this from kraken:
Kraken
Hi ....,

Did you notice the gift in your account? Your balance has been credited with lumens (XLM), the currency of the Stellar network. The credit was done on January 15 and shows in your account ledger as a “transfer.”

..............

Well, this amount kinda compensates the losses because of the exchange errors in the last months. Thank you for the gesture and cheers!!! Grin

Quote from: Gelesko on January 22, 2018, 09:26:02 AM

Quote from: JayJuanGee on January 22, 2018, 09:19:07 AM

Quote from: Gelesko on January 22, 2018, 09:14:45 AM

From this levels, only sell btc

You giving advices, newbie?

If you think about it, BTC already had a bit more than a 50% price correction, and currently bouncing around the 35% to 45% territory.

Seems like a good range to buy, rather than sell, but depends how many BTC you already have.

I don't have any yet, but I will buy at a price 6700$. Good luck

Good luck buying at 6700$. Grin

I feel sorry for all noobs that missed the short lived 9K correction, waiting for 8K. Greed and stupitidy never earn money Grin

Quote from: El duderino_ on January 22, 2018, 11:46:37 AM

So curious Where btc Will be standing half of februari

Just hope its Going to smack all the nocoiners So hard in the face with a big fat green dildo straight to ATH

Can’t stand those naysayers anymore ..., they Just don’t get iT ... as same for the Guy’s coming in to make quick cash .... those Guy’s whiteout long term vision pffff

What we need now is a slow steady growth like March-June 2017, when it started below 1000 and reached 3000. In February BTC will reclaim the 15-20K $ range. I would not be surprised if in June we reach 45000$. I'm also curious where BTC will be at the end of 2018? And in 5 years from now? Millions of new users are buying and learning to hodl BTC, so at one point the demand will be much higher than the supply. It's a matter of time only to see another 20 fold increase. As we all know currently the supply is only 16.8 mil, of which 25% are lost forever. Another 25-50% is owned by permanent hodlers, so we have only 6-8 mil in circulation. This is the amount traded in all exchanges in January, and some of it for sure went into holders hands, who will wait for at least 5 fold increase.

Why all filthy rich guys are selling hundreds and thousands of BTC at that price? What are they thinking - the end of the world? Or early retirement? What if by the end of the year BTC hits 50K or even 100K $ and they realize how richer they could have been if only waited for several more months? But no, why have 100 mln in several months, while I can have 2-3 mln and retire now. Pathetic Grin

This asshole selling thousands BTC at bitfinex with multiple 200 BTC walls is the culprit of today's drop. And why he is selling so much in such a noobish way, I can't imagine. Probably too lazy to place multiple 20 BTC sell offers instead of several 200 BTC. Well, if he is happy to lose milions because of his stupidity, so be it.

Quote from: jojo69 on January 27, 2018, 08:37:04 AM

Quote from: RealMachasm on January 27, 2018, 08:29:35 AM

One thing that I haven’t fully understood with BTC price fluctuations I am hoping someone might have some theories on.

So the price of BTC against the dollar seems to fluctuate during these climbs and dips by percentages of quite a large magnitude (sometimes greater than 50%!).
Would it be correct to assume that during its earlier periods it would have been easier to manipulate the price due to the fact that
A: fewer players were in the game and would have owned larger amounts of BTC and
B: the dollar price was lower making it easier to buy larger amounts of BTC.?

Now with further distribution of BTC can we not assume that more people have smaller stashes (BLB aside!)?
Shouldn’t this make larger dumps less frequent?
Also large buys are a lot harder since it would require much larger sums of dollars to move the price up?

Yet we still see massive swings in the price. Can someone tell me why/how?

I think the price stagnation and low TX activity means that there are no more coins for sale at this price. The weak hands are gone. It is just us here now. Everybody knows it is going back up at some point, the only question is when.

It's like we are in this Mexican standoff with Wall St. and everybody is like...WELL??

There are too many factors that contributed to the fluctuations in the last weeks. Most of them are not related to the price:
1.Altcoins massive pump.

Some "experts"on twitter expected this to happen in November, but it happened in Dec/ Jan 2018. Many noobs sold BTC's to get rich quickly. Most of them ended with heavy bags of coins that are at least 50% cheaper now. The poor new bag holders will have to wait another 1,2 years (or never) to see their money back .

2. Chinas threat to ban internet access to the exchanges and the mining facilities shut down.

Let's not forget that most of the chinese traders are not internet savvy and are afraid that their access to the exchanges will be blocked. They know little of vpn's, localbitcoins, etc. and prefer to sell at 50% loss rather than holding and figuring out a back up plan if this threat really happens.

3. South Korea's threat to ban the exchanges that allow anonymous accounts.

I don't understand how a closed system with no arbitrage possible (unless you are a resident of SK) can affect the price, but the FUD news always brings drops in price.

4. Wall street playing with futures, etc.

Clearly, Gemini is easily manipuated because of its low volume. Even Gdax is much weaker thatn Bitfinex.
...............

Now, the situation is improving, BTC is over sold, the support around 10-11K is getting stronger each day both on Bitfinex and Gdax, so I expect a slow and healthy recovery in February/March. We will have to wait and see what is the real price that can be supported with normal trading. I think that it is at least 15K.

This video is hilarious. Roger Ver finds out about Lightning Network: (turn subtitles on)

https://www.captiongenerator.com/875482/Roger-Finds-out-about-Lightning-Network#.Wm-H26SJ3do.twitter

Guys, I have some questions. Tethers in Bitfinex's address https://omniexplorer.info/lookupadd.aspx?address=1KYiKJEfdJtap9QX2v9BXJMpz2SfU4pgZw keep increasing to nearly 300 mln now. Why is this? Can users from Bitfinex withraw USD if they have USDT (which upon withdrawal are going to that address)?

Quote from: UnDerDoG81 on January 31, 2018, 10:58:50 AM

Wow bitcoin is under heavy attack from jew media here in Germany. The biggest jew paper "Bild" says it will completely collapse soon and go to zero. Looks like they are really scared of cryptos 👍

I love when they say goes to zero. Then I will by all bitcoins for zero and sell it for 0.00001$ and will be infinetely rich!

Quote from: erre on January 31, 2018, 01:11:24 PM

Quote from: ivomm on January 31, 2018, 11:04:15 AM

Quote from: UnDerDoG81 on January 31, 2018, 10:58:50 AM

Wow bitcoin is under heavy attack from jew media here in Germany. The biggest jew paper "Bild" says it will completely collapse soon and go to zero. Looks like they are really scared of cryptos 👍

I love when they say goes to zero. Then I will by all bitcoins for zero and sell it for 0.00001$ and will be infinetely rich!

No, you will only have 20m *0.00001 = 200 dollars. Definitely not rich Sad

Yeah, I forgot there are only 20 m to be mined Grin

Alright, I will sell them at 1$ Cool

I have a strong gut feeling something like this is going to happen: Tongue

Quote from: PaivanTreidi on February 02, 2018, 11:09:00 AM

Quote from: luckygenough56 on February 02, 2018, 11:01:41 AM

Quote from: PaivanTreidi on February 02, 2018, 10:56:33 AM

Long time follower, first post.

I'm not going to say much.

8000 will hold

10k by Monday.

ATH April 12th.

is there news on april 12th or is it based on some tradingview retard prediction ?

Wow.

First post.

Make a prediction - - - - > get called a retard. I guess I had it coming. Should have realised that I actually have to KNOW what will happen next to post.

Yes. Just my retard prediction. And no. There is no news I'm aware about then. It just happens to be about 70 days from now. I figure that is enough for the winds change significantly. Again... Just a retard prediction though.

Don't worry, your post is excellent! We need more fresh posts like this especially in the FUD/bearland we are right now. 1 merit from me also. I hope you are right, since my BD is on 11th Arpil Grin

In a day like this many felt like this lil boy: Grin

https://www.youtube.com/watch?v=dyA9-jJhlCo

This is a good sign.

https://cointelegraph.com/news/canada-regulators-approve-countrys-first-blockchain-etf

Quote from: Rosewater Foundation on February 03, 2018, 10:17:45 PM

Quote from: ivomm on February 03, 2018, 10:12:23 PM

This is a good sign.

https://cointelegraph.com/news/canada-regulators-approve-countrys-first-blockchain-etf

"The fund ... is focused on large and small-scale Blockchain corporations."

Merp?

"Every conversation we are having with clients – regardless if we are talking about a Canadian equities product or a U.S. equity product – inevitably leads to [a discussion about] blockchain or bitcoin," Karl Cheong, head of ETFs for First Trust Portfolios Canada, told the Globe and Mail.
...

More links:
https://www.coindesk.com/canada-approves-countrys-first-blockchain-etf/
https://www.newswire.ca/news-releases/evolve-etfs-announces-filing-of-preliminary-prospectus-for-actively-managed-blockchain-etf-672329943.html

What was happening in the last months is partly bacause of the bad news and partly a normal correction after the buying frenzy in December. Like any other asset (not only crypto, but in general) if you have 5 fold increase in 3 months you can expect 40-80% retrace because of the FUD coming after the FOMO.

Let's look at the eth chart for the last year and we will get a pretty clear picture what is happening and what will happen in near future, unless some pretty nasty news come out. In Jan 2017, eth was about 10-15$, in June it reached 450$, in July back to 150$. Now, everyone thought that this was a too high price that can't hold and so everyone sold. Of course the pundits claimed that the failed ico's are the reason. Anyway, gradually eth climbed back to 300, 400 and 6 months after the previous ATH it reached 1300$. Clearly, 900-1200$ is a sustainable price, although in July it looked like even 200$ is too much!

My point is that now everyone thinks 20k$ is not sustainable for BTC, but the truth is that IT IS! BTC WILL rise and reach new ATH's sooner than most expect. My pessimistic prediction is 30K at the end of 2018 and the optimistic is 50K! But, but, but... what if the bad news continue? Ok, what about 2019, 2020 (the next halvening)? Do you really, I mean REALLY believe that BTC will not return to at least 15K and prefer to sell at 8K?

May be, just may be tether exodus stopped on bitfinex for now. Tethers in https://omniexplorer.info/lookupadd.aspx?address=1KYiKJEfdJtap9QX2v9BXJMpz2SfU4pgZw&page=1 started to decrease moving to personal accounts. There is also some stir in the social media, big crypto whales are forgetting their feud, everyone is realizing that pumping its own shitcoin can't do any good in the coming weeks. It seems that the unthinkable will happen soon, the 'enemies' of the bitcoin will become 'friends' at least for a certain time period, to stop the crash. Telegram, tweeter, line, etc. are buzzing with speculations about some big buying offensive (esp. on gdax), going to start soon-ish. But even if this won't happen and I lose (temporarily) all my money, I prefer to hodl rather than 'protect' myself and finish with less bitcoins. This happend to me 4 times in the past and I will never do this mistake again! Undecided

You didn't get my bitcoins succers! Still all on HW! ~~HODOR~~ HODL!

Really? The chairs of both CFTC and SEC are bullish and nobody notice? Why I still see posts like " Oh, we will see 6K retest etc. etc. " It is finished with the dump, done, finito! Get over it!

"It's important to remember that if there were no bitcoin, there would be no distributed ledger technology."

That was the response from Commodity Futures Trading Commission chairman J. Christopher Giancarlo when asked by Arkansas Senator Tom Cotton about the value of the technology underlying cryptocurrencies like bitcoin.

............

Asked whether derivatives products like exchange-traded funds could help stabilize bitcoin’s wild price fluctuations, Clayton said it would depend on the investors.

Clayton went so far as to suggest that the agency might one day green-light such a financial product, a notable comment given that the SEC shot down the ETF proposed by investors Cameron and Tyler Winklevoss (that effort remains subject to an appeal).

"If we get comfortable ... then we can move forward," he said.

Sources:
https://www.coindesk.com/thered-no-dlt-without-bitcoin-says-cftc-chief/

https://www.coindesk.com/cftcs-giancarlo-used-volatile-assets-like-bitcoin/

J. Christopher Giancarlo describes HODL in the U.S. Senate Committee on Banking ... HODL On For Dear Life - ɃItcoin .... His niece is a HODLer!

https://www.youtube.com/watch?v=HSPywOS9DWU

More and more praises for Bitcoin:

https://www.youtube.com/watch?v=2rWcVgffsjQ

https://www.youtube.com/watch?v=G16g9neqUFQ

This guy made my day! Grin

Quote from: sirazimuth on February 07, 2018, 11:25:59 PM

trying to figure out where to retire to in order to minimze ones tax bill on the million$
one has amassed in bitcoin riches.
what a lovely problem to have.....

So you decided to retire after selling at 6-7K and not 20K? Doesn't make any sense to me! Judging from your previous post you sold at 1K?

Quote from: sirazimuth on January 20, 2018, 08:04:54 PM

Quote from: HairyMaclairy on January 20, 2018, 07:43:08 PM

Quote from: BobLawblaw on January 20, 2018, 07:33:54 PM

Quote from: jonoiv on January 20, 2018, 07:17:09 PM

well i sold @12800

Your entire stash ?

It’s a bit like those guys who sold their entire stash at $8 per coin because it can’t go any higher.

yeah... when kicking myself for selling a chunk at $1000 early last year, (lesson learned, dont listen to delusional jew haters, lol)
I think of those that sold everything at $8, and I don't feel so bad....

And all your other posts are bearish like the former twitter 'celebrity' bitfinexed who also sold at 1K. May be the doctor will wake you up any moment and tell you to take your medicine?

European Banks Could Soon Hold Bitcoin, Admits ECB President

https://www.ccn.com/european-banks-soon-hold-bitcoin-admits-ecb-president/

If you can't stop it, HODL it! Grin

Quote from: Torque on February 09, 2018, 01:56:01 PM

Any hold above $8k for the next 3 days, or a small dip below and then quickly back up above $8k, would be extremely bullish.

Quote from: TERA2 on February 09, 2018, 01:18:41 PM

Last time it breached the 200EMA within 9 weeks of ATH was in 2011 and it wasn't as deep.

True. I'm surprised we got there so soon tbh. Also bullish.

I am glad to see that those every day 10-20% drops are no more. Clearly the big weak-hand-cleansing from the other day was necessary to achieve a steady and lasting growth towards 20K.

Each Sunday at Bitfinex we have 15% drop, caused by 13-15K BTC sold more than bought. Who are these guys: miners, corporate accounts playing with lending/margin trading? Why they sell always on Sunday/Monday in the last months? I read a post in twitter that corporate accounts will be closed soon. May be this is the cancer that stops the bull runs.

Quote from: 600watt on February 11, 2018, 01:19:39 PM

Quote from: TERA2 on February 11, 2018, 01:07:16 PM

I rose the price $400 with one train pic. Just imagine if we all started posting train pics.

i am willing to give it a try. let's see if this leads to another leg up.

Let's hope... unless some bear breaks it up. These beasts are hard to kill;D Cheesy

Quote from: bitserve on February 14, 2018, 12:01:48 PM

Quote from: Remember remember the 5th of November on February 14, 2018, 12:00:57 PM

Huge wall on 11000.

Fine.... one thing at a time? lol

This wall has been there for 3 days at least. Btw, a hidden wall of 1K BTC was eaten at 8999.6 on Bitfinex.

Quote from: BTCMILLIONAIRE on February 14, 2018, 03:38:39 PM

Quote from: realr0ach on February 14, 2018, 03:36:01 PM

Quote from: pacman7331 on February 14, 2018, 02:49:35 PM

Quote from: realr0ach on February 14, 2018, 02:04:07 PM

Quote from: d_eddie on February 14, 2018, 01:59:06 PM

The issue in my opinion is all crypto ETFs should be crypto (as opposed to fiat) backed.

Valueless tokens backed by other valueless tokens? Yea, that sounds like a great monetary system. You people are high on your own koolaid now. You're typing illogical nonsense to try and deceive 90yr old retirees into buying your valueless tokens and started believing your own lies. It's going to be hilarious when silver and gold obliterate these things and all the imaginary, valueless tokens implode to nothing.

What is silver backed by?

What kind of idiotic question is that? "Backing" means you're holding a fucking IOU. If you have a physical commodity money, you have removed middlemen and counterparty risk and are not dealing in worthless IOUs. Bitcoin on the other hand is just a centralized, permissioned ledger with built-in middlemen and doesn't remove counterparty risk. It's like willingly admitting yourself into a prison where you have to bribe the transaction validators in order to spend your own funds. Since it's non-fungible, the govt can then just declare you an enemy of the state and bar you from transacting at all. Good job willingly entering yourself into a digital prison cucks!

There's still counterparty risk involved if you consider the possibility of either the cost of synthesizing silver dropping significantly or silver becoming worthless due to the emergence of a better material in the future. And if you believe that this risk is nil you're deluding yourself.

The number of r0ach posts is straight proportional to the rise of BTC price. It must be painful for him to see how much he could have profited if he didn't make that horrid decision to get into the heavily manipulated by the governments metals market. Now he can only grind teeth in despair and caress his 'priceless' silver lumps under his pillow. Grin

Quote from: mike4001 on February 15, 2018, 12:05:56 PM

So ...

Some asshole tanked the price right before 10k?

That's the spirit ...

2k BTC was sold in 5 mins on bitfinex and simultaneously 2k dissapeared from the 5k wall at 11K price. Probably the same asshole. But the loss is his, not ours. BTC must consolidate first around 9600 before the next leg to 10K and beyond.

r0ach looking at the 10K price of BTC

https://www.zerohedge.com/news/2018-02-15/bitcoin-tests-10k-mysterious-crypto-trader-dip-buys-400-million

Stocks down. Gold down. Silver down. Alts down. Bitcoin up. Cockr0ach posts up. Doom is coming:

Did anyone notice that 200 mil tethers were moved today to https://omniexplorer.info/lookupadd.aspx?address=1KYiKJEfdJtap9QX2v9BXJMpz2SfU4pgZw&page=1 ?
I expect some upward movement in the next days/weeks.

Laszlo Hanyecz of Pizza fame and history does it again with Lightning mainnet

https://lists.linuxfoundation.org/pipermail/lightning-dev/2018-February/001044.html

Quote from: Karartma1 on February 25, 2018, 09:48:46 AM

Quote from: ivomm on February 25, 2018, 09:21:06 AM

Laszlo Hanyecz of Pizza fame and history does it again with Lightning mainnet

https://lists.linuxfoundation.org/pipermail/lightning-dev/2018-February/001044.html

But this time is like a non-event Grin

About price: how long until Batman pattern will be followed by that of Superman?

From what I read on twitter shorts are rekt. They hoped for the price to fall below 9K. This is not happening for now, so they are forced to buy at the same levels 9.5K-ish they sold. The next week I expect some upward movement which may be extended in the week after that up to 15K range. If bears want to cause more than 20% drop they will need volume which is clearly lacking right now. From 15K they can try to retrace to 12K and if lucky to 10K. Anyway, everyone has an interest that the lows are getting higher and higher, so the next ATH remains possible this year.

Quote from: fragout on February 26, 2018, 12:37:38 PM

Quote from: BobLawblaw on February 26, 2018, 11:22:59 AM

I sense a disturbance in the blockchain.

I have a feeling we're setting up for moonshot this week.

Strangely i feel this disturbance also. From weeks of feeling fud, there is suddenly a feeling of calmness / optimism in my mood.
Its also been awhile since tether printed anything from a high of $100million + per week not so long ago.
No one wants a tether pump of course but if it happens, i feel the timing is right

There is no need for new tethers for now. During the tether FUD, crypto was converted for half a billion tethers. A quarter of a billion of the tethers went back to Bitfinex during the pump to 11.8K. Now a quarter of a billion remains (see https://omniexplorer.info/lookupadd.aspx?address=1KYiKJEfdJtap9QX2v9BXJMpz2SfU4pgZw&page=1) that will go for another pump (13-15K). The last bear attempt was very dissapointing for them, clearly no one is willing to sell below 9K anymore. This is good and the new bull run is about to start soon.
Edit: While I was writing the post BTC jumped form 9.68 to 10K!

Jan, Feb, March 2017 - oscillating between 800 and 1200$. April, May, June 2017 - jump to 3000$.
Jan, Feb, March 2018 - oscillating between 8000 and 12000$. April, May, June 2018 - jump to 30000$?

Don't forget that all bears tend to turn magically into bulls from time to time. Especially when they feel the market is in the desperation phase. Wink

Quote from: TERA2 on March 13, 2018, 09:13:24 AM

Quote from: TERA2 on January 26, 2018, 03:53:28 AM

Ok this one was way off but sort of illustrates the point.

We don't need trolls/fudsters when we have one respected bear to tell us 3 times a page that BTC will go down to 3K. During the tether panic/gox dump, BTC dropped for several minutes to 6k and then quickly gained 50%. Even if it does stay low longer, it will recover stronger and test new ATH's. It seems that everybody is forgetting that thousands new holders are entering each day, while the supply is increasing very slowly, and that the next halvening is coming soon. I am sorry for your illness, but it seems you are still obsessed by losing-it-all nightmares.

Can someone with a shotgun kill the duck, please?

Just a warning to everyone that reads our forum: This thread is infested by traders dreaming to buy at 2-3K. The desparate trolls are posting on each page with the hope to influence the market. The truth is that there are many hodling thousands of bitcoins that are not going to sell them at the current prices. The professional traders look at the ROI price for the miners and see it as the bottom. Currently this is in the 7K-8K range. With the new mining devices the profit will decrease, so even before the halvening, the BTC price will climb significantly. Moreover, recall that in Jan-March 2017 the price oscillated in the 800-1200$ range. This year is the same old story, only that BTC added another 0: 8K-12K. Don't trust the bear trolls! They know BTC will add another 0 in the coming years (may be months) to the price. These guys are pretending to be successful traders but 99% of them are complete failures. They just spread FUD with the hope to turn the few bucks (left from the altcoins fiasco) to millions, buying as low as possible! All this is just "food for thought" for the noobs who believe Tera and co are sincere in their 'realistic predictions'.

I don't think there is any panic in the market. Wink

Everyone is realizing that some whale is selling desparately with the hope to convince the traders there is absolutely positively no manipulation. So far utter disaster for him/her. The volume is so low that probably with the exception of this whale no one is selling. Hodlers can't be tricked so easily. The next halvening is at the corner and even if the price falls temporarily under 7K, in less than 2 years the traders will start to buy in preparation of the halvening. After that the pressure on the price will be much lighter (only 900 BTC per day, vs 1800 now) and for another 1-2 years BTC will be heading to 50-100K. Grin

But let's see what the bulls are preparing for this April. This whale is risking unwisely to be left behind with hudreds of millions loss, if we have a continuous upward trend like in April and May 2017.

It seems that the big whales are spending their last BTC reserves with the hope some FUD/news will help them to lower the price before the next bull rally. They are biting their nails nervously in the fear someone else will overtake them at the start of the race. At the same time the bulls are patiently waiting and probing with some bull traps whether the bear reserves are drained. If there is no bad news (China, Korea, etc.) in the coming days, I expect a strong bull run to 12K in 2-3 weeks. If we break that resistance, the next is 15K. The last, and the toughest is 17K, but it seems too far to think about it now Grin

Did you see that? 6K BTC sell wall on Bitfinex at 6600$! Some desparate bear is losing it's patience lol

Some bull tested the wall... and it dissapeared immediately Grin

What a spoof jerk!

Quote from: pacman7331 on April 06, 2018, 12:38:27 PM

Quote from: ivomm on April 06, 2018, 12:33:58 PM

Some bull tested the wall... and it dissapeared immediately Grin

What a spoof jerk!

How do u test the wall when it’s 50 bucks above current price?

And how do u make fake Walls?

It went exactly up to 6000$ and at the same time the wall was pulled out.

12288 game: 29.May.2018. Thanks Mic!

Quote from: Raja_MBZ on April 08, 2018, 11:12:55 AM

$12288 game - it's gonna be 11th June.

Bitcoin trying to gain ~~resistance~~ support strength at ~$6900 right now.

Fixed for you. Btw, this is the first Sunday we actually see a little upward move instead of the dumps we are used to in the last months. Happy (protestant) Easter all! As someone posted before, if Jesus can do it, so do BTC! Grin

Earlier today... I was checking the price of BTC while shopping with my father at the mall. This is what I saw on my phone:

At first I tried to reload the app, since I thought it was some mistake. Just an hour ago BTC dropped from 6950 to 6800?!? But... this was true! I love such surprises at my birthday (well 1 day after, but I forgive the delay Roll Eyes

). I have a gut feeling that this year we will enjoy another ATH rally! Grin

Me reading the last ten(s) pages of WO:

....

Seriously, why so many trolls are posting here garbage? Can't you find your forum or what?

Last chance for Debbie (aka Tera2) and other trolls to become coiners before passing 10K for good! Grin

The angle of the trend line in the sharp bull run in Dec (followed by 4-5 sharp attempts at recovery in Jan and Feb) was unlikely to offer a meaningful support level. As the steepness of the upward trend line was decreasing in the last week, the validity of the support level increases. This is a strong sign for a healty increase of the price in the range 15-17K in the next months (similar to Oct-Dec 2017).

Quote from: HairyMaclairy on April 28, 2018, 09:24:02 AM

One minute chart indicates a dump to $8750 followed by a market buy to $9500 on BFX.

Bear: Ouch! This is nothing else but my favorite gif:

Quote from: pacman7331 on April 28, 2018, 10:10:03 AM

Quote from: bitserve on April 28, 2018, 09:48:31 AM

Quote from: pacman7331 on April 28, 2018, 09:43:54 AM

Quote from: HairyMaclairy on April 28, 2018, 09:24:02 AM

One minute chart indicates a dump to $8750 followed by a market buy to $9500 on BFX.

Yea I lost my position there. And shorted. And then had to close that.

I think bitfinex should be considered a total and complete black market scam artist exhange.

And honestly, people should go to their headquarters and physically hurt those people.

I asked for a refund. I’m sure the scam artists too scammy for even China will simply delete my email or respond with some auto-bot response.

Dude, you can't ask for a refund for that. It is you who didn't have enough margin to cover that small and "normal" volatility. It happened to me some years ago (BFX hack crash on Kraken), noone to blame except me, I learned the lesson. Move on.

No no no. I had a stop. Not liquidation. Stop loss everyone has to have it.
Yes I can ask for a fuking refund. But they won’t give one becuause they are crooks!

https://youtu.be/lhIsSVHyZ7w

And no that isn’t normal volititily. Only Bitfinex. And that should not be allowed, to market dump the price from 9500 to 8750 in 1 order just to get Bitfinex rich on trading volume due to stop losses. They gotta titrate that shit. These people are criminals. In the old days when people did this, they paid dearly.

Dude, you can buy again at 5% loss now, or at 20-30-50% loss later. Who puts stop limit at the beginning of an extended bull run btw? This is a lesson for all shorters. Next time buy hardware wallet and just HODL!

Quote from: RewFrew on April 28, 2018, 11:52:54 PM

Well.. Most of optimistic holders right there were not expecting bitcoin to break 3.000$ after a dump from 2.980$ to 1.800$ and go as high as 20.000$ 4 months later.

The average optimistic bitcoin projections after we break 3.000$ was 5.000$ for the end of 2018, and we know what happens.. bitcoin goes x4 of that average expectation.

Now also we are in the same situation. A pullback from 20.000$ to 6.000$ Then a try to retest the 20.000$ and go above in next weeks.

Again the average optimistic holders are praying for a price of 20.000$ again before end of 2018. So maybe we are going to make x4 of the average expectation before end of 2018 For a bitcoin price of 80.000$.

When/If bitcoin gonna hit 80.000$ the very big hedge funds and the richest persons are going to enter the market. This gonna coincide with a bitcoin pullback from 80.000$ to 40.000$ only because this time there are the richest persons in the world willing to buy bitcoin after bitcoin going to be the number one on internet trends from here. So.. its going to be a very big support, and from there the real big boom gonna happend ( duo to the amazing big big bang money coming) and take bitcoin price from 40.000$ to 500.000$ before end of 2019 And then bitcoin officially recognised as the new GOLD and all the powers gonna submit to the new worldwide king.

Thats my projection.

I know it sounds like impossible, but with bitcoin all is possible. He goes from cents to 20.000$ in 7 Years and you think its impossible he make X25 in 2 years from the 20.000$ registred on december 2017 to december 2019?

I like your way of thinking. Sometimes we are too consumed by the short term charts and miss the big picture. If we keep our faith in what seems impossible now, we will be rewarded sooner or later.

Special regards to the """""clever""""" bears that sold thousands BTC's below 7K:

And again all users on the last 3 pages are put on ignore list. Trolls spitting BS in the lust for public attention. I don't care. They are all rekt. The good news from the last days is that BTC is on it's way to 10K! All weak hands are biting their nails because they listened to the trolls and panic sold at 6K. I wonder whether they will die of anger when we break the ATH Grin

2 more pages on ignore. enviroment, politics, bla, bla, bla. So many sick people around here. It's time for infofront to take some action

delete, ban, delete, ban.

Quote from: bitebits on May 04, 2018, 03:56:29 PM

Quote from: BobLawblaw on May 04, 2018, 03:33:11 PM

Hardware wallets terrify me for some reason. Not 100% sold on them yet, being an old crotchety Bitcoin "Core" user from day one. I feel more in control of my encrypted wallet.dat / IT OpSec / interfacing with something I have the option of building from source.

I'm concerned about being locked into a hardware wallet's ecosystem... I really need to look into them more.

Except you just don't do that from a 'hot machine' connected to the Internet. Ever.

Call me old fashioned but I don't like the hardware wallets either. It is still a device with your private keys directly connected to the Internet, multiple issues have been found and patched on the Trezor/Ledger and co.
Therefore (I just) use an old crappy laptop to sign the transaction:

- Rip the wifi/bluetooth/hdd out and boot from USB (using Tails & Electrum/Bitcoin Core for example).
- Create the transaction in your 'online watch only wallet', and cold sign the transaction on the offline laptop. Done.

Bob, please..

The point in HW is that you never write your words on computer, instead you chose them with the buttons on the HW. They are not accessible in the device neither by you nor by internet in any way. While any solution on computer involves writing the words on computer, which compromises the security. There are plenty keyloggers and troyans that search everything you type and you don't have a way to protect yourself.

I knew Ver would pump bcash so far. During the last failed attempts he lost 1/2 of his wealth. Let's hope he will lose the other half soon. Anyone buying this shit at these prices must be crazy. In a week or two bcash will lose 80%. And especially if the rumors are true that MtGox trustee made a deal with kraken to sell only bcash to repay creditors during the bankruptcy proceedings.

Quote from: Maicol792 on May 08, 2018, 12:30:10 PM

Quote from: Bitcoinaire on May 08, 2018, 12:13:40 PM

Are we going under $9,000? It would've been nice to be over $10k by now.

Don't panic ... we can make only a test for verify the 9k are a good base for prepare the lunch to the moon Cool

One of the main reasons (except the 'bad' news which nobody can predict) for the previous crashes, is that the price never consolidated long enough around 9K. If that was recognized as a floor, we would never have dropped to 6K. So not passing 10K and building support at 9K is actually better. This is also confirmed by forbes:

https://www.forbes.com/sites/cbovaird/2018/05/07/bitcoin-builds-momentum-in-run-to-10000/#239a448a5b23

...ICE was considering launching a swap contract linked to Ether, but backed away from that because of regulatory uncertainty, the people briefed on the effort said. Mr. Chou, at LedgerX, said he made a similar decision and has delayed creating any products linked to Ether. With Bitcoin, on the other hand, Mr. Chou said that road seems to be clear for big institutions to get involved. “The industry is seeing unprecedented institutional interest for the first time in Bitcoin’s history,” he said. “I’ve been amazed that the strongest believers in cryptocurrency often start out the most skeptical. It’s a healthy skepticism. But at some point the perception shifts, and for many institutions — I think we’re finally there.”

https://www.nytimes.com/2018/05/07/technology/bitcoin-new-york-stock-exchange.html

If this is not bullish, I don't know what is:

Some of the biggest names on Wall Street are warming up to bitcoin, a virtual currency that for nearly a decade has been consigned to the unregulated fringes of the financial world.
The parent company of the New York Stock Exchange has been working on an online trading platform that would allow large investors to buy and hold bitcoin, according to emails and documents viewed by The New York Times and four people briefed on the effort who asked to remain anonymous because the plans were still confidential.
....
Goldman will initially only be trading futures contracts linked to bitcoin’s price. But Goldman executives said they were looking at moving in the direction of buying and selling actual bitcoins.
The Intercontinental Exchange’s effort, if it pans out, could make bitcoin available to a much wider and more influential customer base, including other financial firms.
...

Read the whole NYT article at:

https://economictimes.indiatimes.com/markets/stocks/news/coming-soon-bitcoin-trades-on-wall-street/articleshow/64076979.cms

It is funny watching how after each bullish post, the bear trolls post in a matter of seconds maid up shit posts. Epecially Terra and her multiple newbie accounts praising her own wisdom Grin

Sure, Wall Street buying thousands of Bitcoins is a bear news, why not, if you say so. Is there anyone who can't tell the difference between shorting fiat settled futures and actually buying enourmous amounts of bitcoins, say for a pension fund? Only noobs can fall for that nonsense. Grin

Quote from: samson on May 11, 2018, 08:37:37 AM

Quote from: marcus_of_augustus on May 11, 2018, 01:56:46 AM

kobyashi's back in the game?? ... I thought he was on the sidelines until the civil rehabiliation question was decided by the judge?

He has already raised sufficient funds to bring Mt. Gox out of bankruptcy so he has no further authority to be trading in any remaining liquid assets until the civil rehabilitation question is settled.

smells like FUD to get some bankster cheap coins ... probably buffet trying to get bankster dick out of his mouth and mumbled something incoherent.

I'm surprised he continues to sell coins considering he apparently has enough JPY to cover all claims and lawsuits.

Todays dip has nothing to do with Kobyashi, I'm pretty certain of that. Only 8000 coins moved out of the MtGox addresses yesterday.

I also think that the trustee is not involved. In Bitfinex for the last 16 hours were traded 35K BTC, while for the previous 24 hours only 16K. Too much people still with thousands of BTC were hoping to sell above 10K, and when they saw it didn't happen for the last 24h, decided to pull the trigger. The volume is much less than the previous dumps, however, so I still expect the bull run from the last month to continue.

Quote from: YourMother on May 11, 2018, 09:46:45 AM

Some of you just don't get it, it seems. The price started to fall right after Kobayashi started moving the funds, not one day before and not one day after (excepting the Gates/Warren interviews). Now, he might be selling most of the coins OTC, but that still doesn't matter to the beartards, because they are looking even for a mosquito to cling on and justify their short-game.

The price is not going down because of the fundamentals or because it is overpriced. It's going down because of idiotic short-term FUD. In fact, the reasons for shorting this revolutionary technology are becoming more and more ridiculous, up until a point where nobody will give a fuck anymore and just buy regardless. And that moment could come just as unexpected (once kobayashi is done selling) as the 2017 20x pump event.

In general I agree with you. I am just doubtful that the trustee sold the coins 20h later and exatcly on Bitfinex. I think that the remaining whales (with 1K BTC and more) like to short them on Bitfinex hitting the sell button and causing pleasant for them drop in the price. You know, it hurts when you sold thousands of BTC and the price doubles in matter of days. The pain is so real that some of them will be on the brink of suicide. And of course the price will continue to rise despite their pathetic atempts.

Neither traders, nor miners will make profits if we stay longer at 7-9K range. Btw, the revenue for the antminer s9 dropped again below 7.5$ per day. In comparison, in November 2017, when the price was in the same range, the revenue was 28$. In August, when the price was 3K, the revenue was 16$. The always rising difficulty will bring to a negative number the profit very soon. Perhaps in 4-5 months the revenue would be 1$, if we stay in the range 7-9K. Provided that s9 needs 3.3$ if the electricity is 0.1$ (resp. 1.65$ if it is true that in China the electricity is 0.05$), the miners will have to shut down their s9's, not to mention the previous models. From my experience, the price NEVER stays long around the breakeven point.

Quote from: hodl_2015 on May 13, 2018, 09:14:13 PM

Quote from: hodl_2015 on May 12, 2018, 04:15:44 PM

Quote from: Karartma1 on May 12, 2018, 02:49:44 PM

They say sell in May and go away. I bought (quite a lot) and I am here to stay: always the sum I am not afraid to lose. We will see how this unfolds: still bullish

I panic-bought TFD at $8340 so I can sleep better this weekend. Not that it matters a year from now.

I seem to get quite good at calling the bottoms. And then totally fuck up the tops :-)

I think I found the bottom!

I am panic buying with my last fiat reserve Grin

Currently Bitcoin mining revenue is around 0.5$ per Th, meaning that s9 revenue is around 7$ (x14) per day with cost of electricity 1.7-3.4$ depending on the price (0.05$ - 0.1$). Not to mentioin the price of the rent/cooling etc. Last month the revenue dropped to 0.45$ - the lowest in the last 5 years. According to the diff. chart in 6 monts with the current price the revenue will be around 0,125$ per Th, i.e., 1.75$ per day, which is not enough to cover the electricity price. Of course, when this price is reached many miners will switch on/off their asics depending on their price of electricity. So the big mining farm whales are preparing to raise the price 2x-5x in the coming months. This is a child play for them, considering the income of Bitmain only. And we are talking only about miner whales. Wall street is just to enter massively the market, knowing that the time to buy cheap is running away.

I have a dream... This year to see Bitcoin ATH and beecash below 200$. Wink

Quote from: LFC_Bitcoin on May 24, 2018, 05:33:13 AM

Quote from: jbreher on May 24, 2018, 03:56:41 AM

Quote from: BobLawblaw on May 24, 2018, 02:47:35 AM

Rick just came home from work and asked "What the fuck is going on with Bitcoin, man ?"

I just shrugged and replied with "No idea, dude."

What do I tell him about this dump ?

I have no idea what's going on.

I think you already gave him a honest assessment. You've set enough aside to carry you to the next halvening. Light some candles, pour a drink, cuddle, and forget about it for a while.

Nothing to worry about for the long term guys. I assume you’re both willing to HODL until 6-12 months after the next halving?

That’s when the real fun will start, what we’ll see until then is just posturing & whales playing around.

6-12 months after the next halving - 1 bitcoin = over $50,000

We are in a unique situation now. Due to the rising difficulty the reward of the miners is the lowest in history. In 3-5 months their profit will be near 0 or a negative number, which means those with an expensive electricity will have to stop mining. Then the difficulty will drop a bit and those with cheap electricity will continue to mine with a very small profit in therm of cents. They will prefer to hold the new bitcoins waiting for much better price. My prediciton is that a new storm of ATH's will come out of this situation long before the next halvening.

I am starting to like this guy!

I agree that there are many people like Rojer Ver who delibarately sold tens and hundreds of thousands of Bitcoins to pump their beecash etc. shitcoins. But there are other whales as well - mining whales mostly with short fat fingers which love to hit sell button on bitfinex. Each day 1800 new bitcoins are mined. For a week they gather 12600, for 1 month 50400, etc. Not so long time ago (5-6 months) they had enough profit to do so - like 20$ per asic s9 per day. But now, thanks to the many new s9's (and equivalent) plugged in, their profit is only 2.8$ per day with 0.1$ elecricity price. In the last 3 months the mining difficulty rose by 43% (meaning 43% less profit with the same price of Bitcoin). In 3 months the expected difficulty is almost the same 35-40%, so their revenue will drop from 6 to 3-4$ meaning the profit will be around 0$. I am curious if they will be happy to hit the sell button then. I guess not.

That said, what can we expect to happen in the next 3 months? When 0.1$ el. price asics are turned off, this will buy some time (but not much) for the 0.04-0.06$ el. price asics to mine on profit. In another 3-6 months even with the lowest el. price asics will have to be turned off. This is very bad news for Bitmain and its competition, but not for the hodlers! Despite the hatred of Jihan Wu for Bitcoin team and supporters, he will be FORCED to pump the price at least 4x, if he wants to continue to manifacture asics and run his pool. The fact that the moderators in bitcoin mining forums ban me for posting these stats, proves how afraid are of the truth they. And those who buy new asics s9 are completely unaware of the mining difficulty charts:

https://whattomine.com/asic
https://www.coinwarz.com/difficulty-charts/bitcoin-difficulty-chart
https://diff.cryptothis.com/

Quote from: bones261 on May 27, 2018, 03:36:20 PM

Quote from: ivomm on May 27, 2018, 11:45:41 AM

Why would Bitmain be forced to pump the price up? It has been quite sometime since the S9 came out. I am quite certain that they have already developed the next generation of ASIC chip and are mining with those for themselves. If not, they are probably pretty far along the process. Also, BCH is basically Jihan Wu's creation. If Bitmain isn't far along creating a better ASIC chip, or the new chip isn't enough an improvement, I suspect Bitmain is more likely to prop up the price of BCH rather than BTC. We will see. The reason Bitmain is now so dominate in the mining sector is because they were one of the few that managed to survive and thrive after the 2014/2015 bear market.

The development of new generation asic takes months and millions of investment. Let's say that Jihan will be ready to produce the next s11 with the 10nm Samsung chip in 2019. If the price of Bitcoin is the same, all s9's will be useless in 6 months tops from now. How are all supposed to start buying the new devices, provided that they didn't return their money for s9s? (43% increase for the last 3 monts speaks of the number of new devices bought). Even with s11, in 2019 their profit will be near 0, so to speak DOA. Who will buy a 3000$ device with a near 0 profit and old devices with no ROI? Regarding the BeeCasH - the hashrate is 10x less. Any increase in the price of BeeCasH attracts miners, raises the difficulty (remember it is daily adjusted) and the profit at the end of the day is the same as with mining bitcoin. We had a fresh example - BeeCasH price was 5x pumped but the profit was only equal to the profit of bitcoin - 10-50% increase during the pump. Only if the price of BeeCasH is 10x compared to the present, the profit may become bigger permanently. This is ridiculous btw. So most of the miners will prefer to hold and even buy bitcoins in order to reach better price. With or without Jihan - they need at least 4x times increase i.e. around 30K price, to keep the hopes of ROI and further profit.

Coinbase has launched "Coinbase Custody".
https://custody.coinbase.com/

This is an important step towards Wall Street adoption and SEC approval for ETF. Unlike futures, the custody means that coinbase is buying the bitcoins and storing them securely for their clients. If say, 5 bln is invested in bitcoins, this would mean theoretically 666 666 bitcoins at the price of $7500. Currently in Gdax there are 7500 bitcoins on ask orders up to the price 19000. Well, some action is about to begin, that's for sure!

"Today, the more than $365 billion invested in Bitcoin and other cryptocurrencies is owned almost entirely by individual investors—not by Wall Street institutions....
https://thebitcoin.pub/t/why-coinbases-cryptocurrency-business-could-jump-50/41244"

https://dailyhodl.com/2018/05/25/coinbase-4-new-crypto-products-can-unlock-10-billion-of-institutional-investor-money/

Quote from: mfort312 on June 01, 2018, 12:16:01 PM

Quote from: BobLawblaw on June 01, 2018, 11:56:41 AM

Bitmex cooking its own books again...
https://www.reddit.com/r/CryptoCurrency/comments/8aymhw/how_and_why_exchanges_are_manipulating_the_price/

Bitmex CEO just shy of admitting it...
https://youtu.be/2BRsq9hlBOQ

This is a fake twitter account posting 100 times a day the same message about Bitmex futures. Regarding the reddit post, there are so many mistakes there, I don't know where to begin with. Clearly the author doesn't make a difference between futures settled by fiat and real bitcoin trading.

Cointelegraph ad in Times Square.

Our Bitcoin, who art in blockchain,
hallowed be thy Name,
thy ATH come,
thy Lightning be done,
on exchanges as it is in github.

Give us this day our daily 1% rise.
And forgive us bying shitcoins,
as we forgive those
who are trolling on WO.

And lead us not into trading,
but learn us to HODL.

For thine is the blockchain,
and the Segwit, and the Lightning,
for ever and ever. Amen.

I am astonished by the stubbornnes of Jihan Wu. Yesterday he and his sockpuppets pumped bcash 10% with the hope for better mining rewards. For several hours they got it, but after a small percentages of miners switched to bcash, the difficulty rose and again their reward is equal to that of mining Bitcoin. How many attempts he needs, to understand that if Bitcoin is not rising there is NO way bcash should be more profitable. In 1.5 days is the next Bitcoin mining adjustment. A new 12% increase in difficulty is expected (https://diff.cryptothis.com/), which means more than 0.6$ loss for an s9 (daily revenue dropping from 6.2 to 5.6$ at the current price). With that pace in 2-3 monts the revenue will drop to 2-3$, not to mention the expenses for electricity and rent, which vary from 1.7$ and 4$. I've been through this situation many times mining eth, zec, etc. Each period, when the mining profit drops to cents, is followed by a period of an extreme increase of the price. The explanation is clear - the miners enter a hibernation state of holding (i.e. not selling everything they mine with a currently small profit). If the rigs are on a loss, they just stop them untill the next increase. Conclusion: The so called 'bear' period is at its end. I expect 2x-4x increase of the price in the coming 6 months/1 year.

Quote from: rolling on June 05, 2018, 07:16:12 PM

Quote from: European Central Bank on June 05, 2018, 06:34:37 PM

bitcoin just had a 14.7% difficulty change upwards. that's the biggest since january. there sure is a lot of firepower out there somewhere.

The difficulty increased by 634 billion which is the largest increase in the history of bitcoin. The increase in this period alone is nearly equal to the entire network difficulty 1 year ago.

This is incredible indeed. The revenue for a single s9 asic dropped to 0.00072BTC per day, around $5.47 at the moment. These beasts consume 1370W, so the profit is much less now. Wu and his buddy Ver are desparately pumping beecash with the hope to attract noobs with fake profit promisses. I am astonished that there are so many naiive people to trust them with their money. Anyway, under these circumstances even if bitcoin's price continues sideways or bart-style jumps and drops in June-July, in August-December we will see quite a spectacular increase IMO.

^^^
Here we go again. Sooner or later SEC will give up Grin

https://www.bloomberg.com/news/articles/2018-06-06/bitcoin-etf-dreams-kept-alive-with-new-solidx-vaneck-sec-filing

Quote from: LFC_Bitcoin on June 10, 2018, 09:39:28 PM

Quote from: SidETH on June 10, 2018, 09:37:01 PM

So... this means I have to start thinking about making an actual career and stuff? Sad

We may have to shelve plans on that 10 bedroom mansion with 25 acres of land until 6-12 months after the halving, yes.

Well, some whale lost his patience, so what? May be he is an early adopter, or may be he bought at 18K-ish and now is furious he lost so much Grin

The price will recover sooner or later. I am still determined to start selling for a house at 40K-ish price. And I will hold 2/3 BTC's until I retire. I don't care if the 2014-2015 scenario will repeat or not. Btw, there are 3 differences:
In 2015:
1. most of the people didn't know about bitcoin, let alone buying it. Now most of the people know and are thinking about buying. May be they are waiting for a good price or LN Wink

2. no hope for Institutional investments. Now Coinbase, Van Eck Associates Corp., SolidX, Goldman and Sachs are ready to start deals.
3. miners were still very profitable, while now they are on the edge. As from today all home miners in countries with electricity price >0.14$ lost their profit. Soon the rest will follow. Usually this means a coordinated attack to pump the price. We'll see...

June 2022: Everyone is depressed that Bitcoin fell from 200K to 60K. Beartrolls gloat, TERA222 is posting on each page that Bitcoins is going back to 30K. Deja vu!

Quote from: LFC_Bitcoin on June 13, 2018, 05:33:05 PM

Sick of this shit, just try test me bears!

GET THE STRAP !!!!!

Wink

While I was trolling on EOS bitcointalk thread about John Oliver show,

Quote from: ivomm on June 14, 2018, 03:37:45 PM

Can anyone explain what is EOS all about? Clearly, even John Oliver can't: Grin

Usable applications?!?!?!? Huh

https://youtu.be/g6iDZspbRMg?t=1146

I noticed some familiar names which are heavily invested in EOS, e.g. FractalUniverse:

Quote from: FractalUniverse on June 14, 2018, 11:25:07 AM

over 100mio staked now 2/3 of required amount. http://dev.cryptolions.io/mainnet/#
and it looks like theres over 71mio on bitfinex balances.
So it now mostly depends on bitfinex' internal voting process. if bitfinex stakes, it could get over 150mio required in an instant pity i didnt find any info about the current results of finex internal poll.

and this is a recent post here on WO

Quote from: FractalUniverse on June 14, 2018, 09:26:19 AM

The lower it gets, the more bitcoins will be removed from market by long term holders' buying spree.
I would use such opportunity for sure. if it should get below 4-3-2 or even 1k as some pple here predict, Id probably raid my entire bank account ant put it all into bitcoin. Cheesy

The conlusions I leave to you. Just don't trust the fake bears anymore!

After the previous (14 days ago) 14% rise in difficulty we have 2.77% now. Are we going to a halt in asic sales? Anyway, the miner break-even point is close, and this is typically considered as the (in our case tripple) bottom of the price Cool

Quote from: TERA2 on April 30, 2018, 10:33:51 AM

Quote from: HairyMaclairy on April 30, 2018, 10:21:45 AM

Tera what would you use as an indicator to renter the market? Or do you stay cashed out and rely on trading the remainder?

If I was to re-enter, I would re-enter when I see the train is clearly leaving the station (I dont need to pick the very bottom). In 2013 I reentered at $140 after the Silk Road bounce. In 2016 I didnt reenter because I had spent all the money I had cashed out in 2014 already. 0 Will I reenter anything I cashed out now? I'm not sure. Im already pretty satisfied with what I've left in already. I no longer need to be all in, plus there will probably be trades to make.

Altcoin trading and wierd miraculous 2 hour blocks of daytrading has saved my ass and kept me in the game all this time. I'm not sure how well my strategies will work for a conservative btc/usd investor without an x factor. But occasionally taking some money off the table is always a good idea.

Let me sum up: Terra222 enters at 0.06$ and sells at 0.07$. Later reenters at 0.6$ and sells at 0.7$. A typical hodler: buys with significant part of his savings say at 0.06$ and continues to buy on every dip. Hodlers don't care if the drop will be 40% or 80%. The only thing is to be patient and not too smart to think that you can predict the dips. Everyone can do the math: from 0.06 to 6000$ is 100 000 times! It is so funny to think how much the 'clever' traders have lost Grin

Quote from: TERA2 on June 22, 2018, 10:28:10 AM

The scariest part of this drop is that there isn't even any major FUD driving it. It's not like last time where there was the China ban and Gox and major exchange issues happening left and right. The drop is just happening naturally on it's own. What is going to happen when the real FUD begins?

Parelleling this phenomena is the continiously unanimous bullishness in the forum. Charts always with some upwards plot and bulls popping champagne and posting rockets every time there is a 5% rise, and circle jerking eachother 'oh yes that's a great analysis, just how I see it. excellent work. and things will be even more bullish after XYZ conference. we could take this further and add an extra digit or two.' (as the bottom is being challenged on low volume)

What is your goal by posting such doom and gloom FUD posts? Will you be satisfied if some noob believes you and sells, so that you can buy at your wet-dream-low-price? If so, you will sell 10-20% higher, because you are a trader and your brain is damaged. Those who hodl believe in the technology not in news that generate pump and dumps. This is for shitcoiners to wreck their nerves. If a hodler waits years he will get 100x, 1000x and even 300 000x (like from 0.06$ to 20 000$), while trolls get crumbs from the table. Even those who bought at 20K, after 5-6-7 years can have more than they imagine now.

Quote from: aaroque2003 on June 22, 2018, 07:00:27 PM

...

I was hoping $ 6001.00 at least... pray god my orders get fills.. Huh

Me trying to understand fools:

Quote from: jbreher on June 25, 2018, 02:36:29 PM

Some bot on GDAX is buying at roughly $6300 USD - 0.001 BTC a pop, over and over, currently unbounded in volume. When their wall gets eaten through, they submit another at 25 BTC worth just under current market.

Still going on buying and selling 0.01$ lower?!?!?

Quote from: bitserve on June 26, 2018, 11:05:56 AM

Are we still poor?

Since most of the bear trolls achieved their goal to buy cheap, they post rarely in the last days. I can do their job now Tongue

Germany in despair. Expect heavy dump now Grin

Quote from: Rosewater Foundation on June 28, 2018, 02:15:34 AM

Well, if we're destined to spend another year together we ought to really try to make something of it this time around. Maybe we should try to solve some longstanding math problems. The Yang–Mills existence and mass gap seems straight-forward enough, and there's a prize.

Nothing new for me. I am a university professor teaching algebra (also cryptography and blockchain technology in recent years) so I have to solve new problems every day. In my country the salaries are really low and the banks are robbers, so I invested all my savings in bitcoin. My goals are two - to buy a house and to donate to children in need. Anyway, neither can happen now, so for a comfort I bought an electric guitar and I am learning many new songs every day. Rock and roll baby! Are you ready for rock? Grin

https://nulltx.com/bitcoin-price-watch-currency-spikes-by-100/

This is the 10-th time I read about it this week. Facebook buying Coinbase? Why not? Grin

......
In addition, it appears Facebook has some big ambitions when it comes to the crypto space. Rumors are swelling that the social media platform is looking at purchasing Coinbase, one of the largest and most trusted digital currency exchanges in the United States. The move is slated to bring a major tech giant into the cryptocurrency arena, bringing further legitimacy to the world of digital assets and implementing Facebook’s value and utility.

“It wouldn’t surprise me if Facebook tried to acquire Coinbase,” says tech entrepreneur Oliver Isaacs. “Whether [Coinbase CEO] Brian Armstrong and the team would agree is another question.”

At press time, the rumors have not been confirmed as truth, though Armstrong has hinted in the past that his team would like to reach a minimum of one billion customers, and having Facebook’s help could make that a possibility.
......

What I don't get is why ethereum had $130-ish billion market cap in January and now Bitcoin has $100 billion cap. How can one explain the claims that the current price of Bitcoin is too high and not sustainable, given that only 1% of the average Joe that heard about Bitcoin knows about ethereum (at least from my personal observations)? And if Bitcoin didn't go south, ethereum would have easily sustained that market cap. I have only one word: manipulation!

5.6% difficulty increase.

Quote from: El duderino_ on July 02, 2018, 08:20:30 PM

Quote from: El duderino_ on July 02, 2018, 07:42:34 PM

Quote from: Speculatoross on July 02, 2018, 07:33:07 PM

Quote from: serveria.com on July 02, 2018, 07:20:41 PM

Quote from: El duderino_ on July 02, 2018, 06:54:27 PM

Common belgium time to make Some sushi still 0-0 .....

Sorry Micgoosens but the japs seem to be too good today trailing 0:2 Sad

So happy I’m italian and don’t have to care about the World Cup
Lips sealed

pffff against brazil after a good match i can live with .... but against japan please not
2-2@ the time common !!!!!

3-2 last goal was a perfect beauty i runned down my house like a crazy fucker that i am!!!!! so happy

Congrats! This match was epic!

Quote from: HairyMaclairy on July 03, 2018, 09:11:42 PM

Quote from: d_eddie on July 03, 2018, 09:03:29 PM

Quote from: vroom on July 03, 2018, 06:46:00 PM

SEC Proposes New Approval Process for Certain Exchange-Traded Funds

https://www.sec.gov/news/press-release/2018-118

What do these new rules imply? I couldn't make much sense of that terse communication.

It means you don’t need SEC approval to launch an ETF so long as your ETF meets certain conditions.

It’s not clear to me from the statement whether an Bitcoin ETF could meet the conditions. I don’t need to explain the consequences.

https://bitcoinmagazine.com/articles/sec-seeks-comments-another-bitcoin-etf/

There is a lot going on in that direction recently. Only insiders know if (or rather when) the first Bitcoin ETF will be approved. Usually the sign is a spike in the price Wink

And then deja vu - 20K and beyond.

https://nulltx.com/coinbase-custody-notes-initial-interest-from-hedge-funds-and-family-offices/
"It would appear Coinbase’s custody service is already attracting a lot of positive attention. More specifically, the new custodial service piqued the interest of at least 10 hedge funds and family offices. This further confirms the growing demand for exposure to cryptocurrencies in general, which could lead to more positive developments for this industry. ...."

It's nice to wake up and see that instead of the usual Sunday morning dump, our beloved BTC is up 4%. $6500 turned to be a much stronger support than expected from bears. If in 2016 before the halvening BTC started from 300 and in 2018 reached 20K, it is a nice math extrapolation problem to predict where BTC will be in 2022. Even more that now emerge regulated custody exchanges (e.g. that Swiss exchange, Coinbase) for institutional investors. The hopes for obtaining ETF are growing with the meeting of more requirements from SEC. I wouldn't advise selling any portion of BTC right now, with the hope of buying cheaper in 1-2 months. Who knows, we may wake up one morning and read the news that the ETF was granted. Moreover, there is a chance (like the futures) that the regulated exchanges can issue ETF withous the need of approval from SEC, according to the recent change of rules by SEC.

Quote from: fabiorem on July 09, 2018, 11:47:57 AM

Price dont go up, price dont go down. Market sidelined for weeks. Small volatility.

Was the honey badger finally tamed?

No way!

"... With Europe also making strides towards launching its own cryptocurrency ETFs, the question now appears to be a matter of not if, but when. If the Cboe finally gets its wish, the Bitcoin ETF will be open to client investment in the first quarter of 2019."

https://bitcoinist.com/cboe-bitcoin-etf-holy-grail-sec/

https://www.ccn.com/major-futures-exchange-cboe-files-for-bitcoin-etf-increasing-probability-of-approval/

Bitcoin will hit $50K in 2-3 years for sure. But there is a chance it may happen before the end of 2018. If on 10 August SEC approves the ETF for CBOE, the market will explode. Now everyone can writte comments in SEC page. The chances of approval are much greater than before: CBOE futures working good, SEC decision that Bitcoin is not a security (which by experts is interpreted as another way of saying that SEC is ready to give ETF provided that some condition are met), custody, insurance against theft or transaction failure, regulated exchanges in Japan and South Korea, China with its 0 fee trades is out of the game, and last but not least, the volatility is more like the gold and silver nowadays (the unstoppable rise scares governments and banks of course). So, the chances are pretty good. Wink

Quote from: ccminer.net on July 11, 2018, 07:14:56 PM

Hi there,

on crypto twitter are few days that some folks are excited about the possibility of BTC to being approved by ETF or something like that.

Folks are excited because this time the application has been submitted by CBOE that is a huge actor, and they think that because of this this time the application will be not rejected, like last time.

I'm a bit scared because since CBOE launched their features the price didnt go anywhere but down.

Please let me understand why this time will be different and why it is a good news for BTC

"Buy the news, sell the facts". The news of the incoming futures was the main reason to see the rise from 7K to 20K. After the futures started trading, even the most ignorant traders understood that futures are not related to buying bitcoins and started selling. Similarly, if ETF is approved, this will motivate the traders to buy, but this time everyone will know that ETF's are in a trillion market and directly related to buying of Bitcoins.

Quote from: Rosewater Foundation on July 12, 2018, 11:44:17 AM

Best worst-case scenario. We stagger-step down to 3xxx or 4xxx. 6xxx minimum by 2020.

Am I still bullish now?

50K minimum by 2022. All these that sell now, will end up buying higher and selling lower forever, because they follow the short trend. It is not a coincidence that bears started their last pathetic attack just after the news for ETF appeared. They are afraid that this news can trigger the next bull run that can ovepower their weaker shorting hands. As always the daily traders are fucked up. The hodlers know what is happening and what will be the end of it:

Quote from: infofront on July 14, 2018, 06:41:11 PM

Quote from: Biodom on July 14, 2018, 04:33:00 PM

Quote from: LFC_Bitcoin on July 14, 2018, 01:21:56 PM

Quote from: ccminer.net on July 14, 2018, 01:07:01 PM

So guys, after reading a bit aroud this incoming ETF thing, I didn't decided yet whether this event will pump or dump the price!

Plus it is not clear whether this time the application will be finally approved!

What do you think?

None of the previous attempts were successful so why would this one be any different?

I don’t forsee it gaining approval, no.
I do hope I’m wrong though because if it was approved I think the price would pump significantly.

It has a chance of approval because it is positioned as 'NOT for plebs' ETF and we all know that SEC only cares about that crowd.
Even with $6000 btc, each share in this ETF will cost $150,000.

Bingo. An ETF for retail investors would be summarily shot down. This ETF is for the wealthy. The SEC will not squander an opportunity to help the rich get richer.

It's the first step toward getting a retail ETF for the plebs approved. The wealthy elites need to be able to get in at the ground floor though, since that's where most of the money will be made. I'd expect the first pleb ETF to be approved when Bitcoin is at $50K+.

I also think that because of this ETF will be approved. Moreover, SEC could have rejected it immediately like the previous requests, but instead it opened a comment page. As for the effect on the price, the expected reaction of the eventual approval will be 20%-ish pump followed by a steady growth until the ETF's start trading. The most conservative guess is by Dec to be in the zone of $18K. There are still some fears among buyers because of the current 7 month lasting bearish trend, so to break the $20K will be tough. However, we should not underestimate the significance of the $billions to enter the bitcoin markets, so unlike the effect of the futures, I expect new ATH's next year.

I agree: https://bitcoinist.com/bitcoin-bear-trend-end-soon/

This guy must be 100% sure that BTC will surpass $280K in 2023 to bet $6.3 mil. Grin

https://www.etftrends.com/crypto-trader-big-on-bitcoin-exceeds-warren-buffett-berkshire-price

At Bitfinex first popped up 120BTC then 830BTC then another 830BTC in a matter of minutes... Come on bulls, eat this bear and let him cry later this year when we hit 40K!

7400-7700-7300 in seconds! Some pissed bear scared to death from another short squeeze like the other day Wink

How does it feel to bet against Bitcoin on Bitmex bears? The pain is real, isn't it? Enjoy your pathetic red candle while it lasts Grin

Here are some links of the most elaborate explanations about the current situation with the CBOE ETF. All of them confirm my belief that the ETF will be approved this time. How much the price will raise is another question. The majority anticipates something like $40K-80K in the following 6 months.
https://cryptoiscoming.com/bitcoin-etf-approval-could-be-huge-for-crypto/
https://nulltx.com/cboes-push-for-an-etf-is-picking-up-steam/
https://globalcoinreport.com/will-bitcoin-skyrocket-as-gold-did-after-2013-etf-approval/
https://hadeplatform.com/articles/2018/07/18/will-the-sec-finally-approve-a-bitcoin-etf-in-august
https://cryptobriefing.com/public-favor-bitcoin-etfs-sec-website/
https://coingape.com/bitcoin-analysis-sec-might-approve-bitcoin-etf/
https://cryptoslate.com/what-is-the-real-probability-of-a-bitcoin-etf/

Quote from: Raja_MBZ on July 21, 2018, 12:09:27 AM

Quote from: Gab0 on July 20, 2018, 11:57:15 PM

Quote from: ivomm on July 20, 2018, 08:39:21 PM

There's more here:
SOURCE: Bitcoin ETF ‘Nearly Certain’ To Win Approval Later This Year
https://theicojournal.com/source-bitcoin-etf-nearly-certain-to-win-approval-later-this-year/

These sources/websites are actually not reliable/trustworthy at all.

There were many reasons I put you on ignore (bcash shilling and othe trolling). But I saw a quote, so I will answer your pitiful trolling thus: I said most elaborate, not that there are not on the so called trustworthy sites. Here are just 2 more (if you define trustworty someone else, search and you will see there is a similar article):
https://www.cnbc.com/2018/03/27/cboe-encourages-sec-to-allow-bitcoin-etfs.html
https://www.bloomberg.com/news/articles/2018-07-16/frenzy-to-get-bitcoin-etf-listed-is-clogging-up-the-sec-s-email

This was my guess on July 11, as you can see. There was only 1 another at that time. Now there are 15. It is easier to guess today, right Grin

Quote from: Last of the V8s on July 23, 2018, 12:34:00 PM

@bigcryptobandit
To BTC bears:
NEVER, EVER THREATEN THE PRICE OF BITCOIN AGAIN OR YOU WILL SUFFER CONSEQUENCES THE LIKES OF WHICH FEW THROUGHOUT HISTORY HAVE EVER SUFFERED BEFORE. WE ARE NO LONGER A CURRENCY THAT WILL STAND FOR YOUR DEMENTED WORDS OF SELL VOLUME & DUMPS. BE CAUTIOUS!

Trump style Grin

Btw, if the famous bear Peter Tchir is bullish (https://www.forbes.com/sites/petertchir/2018/07/22/is-this-bitcoin-rally-for-real/#6d1b7c2e3b3b) you know that something big is coming up in the next weeks.

Good morning #hodlgang! Alright! Half of that 2500BTC wall in bearstamp eaten! Good job bullnance!

Quote from: HairyMaclairy on July 24, 2018, 04:17:16 AM

Sorry I’m not confident we have bottomed. I think the ETF application will fail and the arse will fall out of the price. Then we bottom in early 2019.

This is a nice interim rally and lays the foundations for the long term recovery.

Actually, the chances for ETF approval are pretty good, considering the negotiation phase (questions from SEC and replies from VanEck SolidX Bitcoin Trust). Usually, if a submission enters that stage it means only one thing - the approval will be given provided that the details are settled. I think every concern of SEC and the 6 negative comments (compared to 200 positive) are met in the amendment sumbitted recently by the VanEck SolidX Bitcoin Trust: https://www.sec.gov/Archives/edgar/data/1668039/000110465918038369/a18-2298_1s1a.htm#THERISKSYOUFACE_0815342.
There are just not enough reasons to justify a reject decision IMO. The comment period expired, so we have to wait until 16 August or 45 days later to hear the decision by SEC.

Quote from: bitserve on July 24, 2018, 10:17:57 AM

See all those 4 decimal digits on Bitfinex executed orders? Those are rekt shorts being liquidated Grin

But but but I was promised $5000 BTC:

Quote from: HairyMaclairy on July 25, 2018, 09:28:58 AM

Quote from: Elwar on July 25, 2018, 08:35:32 AM

Current price surge for Bitcoin is mainly based on ETF hype.

Alts are not included in a Bitcoin ETF.

But likely if it's a rules change that allows Bitcoin to get ETF approval, other alts will try to get ETF approval.

The SEC then becomes the gatekeeper of which alts rise with Bitcoin.

Which is why we won’t get a Bitcoin ETF. SEC doesn’t want the headache of a Bcash lol ETF or a Ripple ETF.

Now I am sure we will get ETF. If everyone in this forum was sure then I would have my doubts. Usually it happens exactly the opposite to the predominant opinion here Grin

https://www.forbes.com/sites/investor/2018/07/24/trade-war-will-launch-bitcoin-as-the-new-gold/#42e70c711c32
r0ach lol

From Max Keiser tweet (https://twitter.com/maxkeiser/status/1022257638283857922)
Jamie Dimon checks Bitcoin price

I don't know why the twins are so stubborn with their poorly prepared ETF request. Their little exchange Gemini can't be trusted with ETF. Cboe's request on the other hand is a completely different story. It is prepared very carefully and all these manipulation monitoring etc. stuff are propersly addressed. SEC can't find a legitimate reason for a dissaproval. If they just don't want to give an approval although the criteria are fulfilled, then there are only 2 outcomes. First, the ETF proposals will be send again with amendments until SEC gets sick of it and approves it. Second, the issuing company may sue the SEC commission for an unfair treatment and in the end obtain the ETF. Having said that and reading between the lines, the SEC members are terrified that some senator or banker may rebuke them for their eventual approval. For ignorants like them, Bitcoin is something like a ponzi. They still don't understand the true meaning of a decentralized currency. By the way, if SEC are so strict, why they never suspected what was going on with the Bernard Madoff ponzi that stole over $50 billion just under their noses? In 2008 the whole USA financial system collapsed because of the SEC's incompetence covered up with high-class words.

Bitcoin difficulty change: 14.88%. This is big! Wink

Quote from: buyandhold on July 30, 2018, 08:33:11 PM

I was about to post the same pic! We have a new pattern, kinda like bart with spiky haircut. Two short squeezes for a day and at least 5-6 for a week are definitely brutal. Bears are in pain Grin

SEC Commissioner Hester Peirce interview for CNBC. She is trying to convince SEC to approve Bitcoin ETF. With her public dissent she became famous as crypto mom. Wink

The question is if the staff and the other 3 members have the guts to approve VanEck/Solidx/CBOE ETF. Provided that only big investors will make OTC deals, there is absolutely no reason or jurisdiction of SEC to say "no" again on the grounds of market manipulations. They can only procrastinate it to Feb 2019.

https://youtu.be/5sK5Z77FMyM?t=1201

Quote from: hv_ on August 02, 2018, 08:52:41 PM

If you feel bad, you need help

https://news.bitcoin.com/bitcoin-org-removed-from-bitcoin-core-website/

Things are bad for SWcoin, cant help

Actually, bcash lol needs help, it keeps falling and falling and... oh, wait, you are bcash troll, no need to explain it to you. bcash, meet $200, and $200 meet bcash lol Grin

Quote from: kirreev070 on August 07, 2018, 08:54:43 AM

Quote from: lightfoot on August 07, 2018, 08:08:02 AM

We are just stuck at 7k. Blah.

Off to Vegas for some fun and excitement!

I'm in long now. Buy couple hours ago at 6911. So nice profit I think 17%. But what doing now I don't know. Short or long? Maybe someone here knows.

If you think from 6911 to 7050 is 17% you need to return to school again. Or tell your mom that instead of buying breakfast you are buying bitcoin Grin

https://www.ccn.com/someone-hid-free-bitcoin-in-no-mans-sky/

Alright then, let's play this game Grin

Joke apart, may be in near future many games will use bitcoins.

Another difficulty increase today. Between 7 and 11%, I am not sure how exactly, sites report differently. Somewhere I read that bitmain tests with new chips failed, so he will continue to sell s9's. But who will buy them? Even with 0.03$ electricity, there is rent and other costs. The profit is below 1$ per asic now if there is any at all. This of course will put the ROI at the very distant future. If the saying that price follows hashrate is true, we might expect some sick pump later this year. Wink

Geez, Coinbase pump bart style Grin

Quote from: BobLawblaw on August 15, 2018, 06:26:13 AM

This thread is beginning to really annoy me lately Undecided

Quote from: ivomm on August 15, 2018, 06:04:24 AM

(A dozen or so pages back)

Quote from: HairyMaclairy on August 14, 2018, 04:58:03 AM

It is bad because anyone with half a brain now knows that Bitmain holds one million Bcash lol that it cannot sell. This is a massive stock overhang.
https://moneyweek.com/glossary/stock-overhang/
In other news:

I put HM, mymenace, r0ach, etc. on ignore long ago. I thought that picture is funny. Not as much as your fake bitmex rekt pics of course. But hey, not everyone is wise enough to manipulate the people by posting gloom and doom fake rekt twitter pics, each time bitcoin loses 1%. I know that you are a bcash shill but nothing can stop that shit going down, not even the almighty Wu, not to mention your lame efforts Grin

P.S. You definitely deserved putting you back on my ignore list Wink

Regarding some people posting pics of https://twitter.com/BigRekts. There is quite a discrepancy between their tweets and the other known account https://twitter.com/BitmexWhale. A lot of contracts are missing on bigrekts (deliberately or not). Despite my efforts to explain that this is a trade of futures contracts that follows the price, some people continue to delude the others by using bigrekts data that some massive sells are the reason of the drops of the price. I don't see how a trader in bitfinex/binance etc. can be interested in the trades on the futures market in bitmex or CME, CBOE, Okex. The rule in the futures markets is when the Funding Rate is positive, longs pay shorts. When it is negative, shorts pay longs. I see no drama in this. But I noticed some active posters in the ethereum and bcash threads to come here and post doom and gloom pics of shorts of bitmex. And of course, some non informed people believe them especially if they pretend to be a long term 'respected' bitcoin hodlers (although nobody can garantuee that the account is not sold to a troll).

Quote from: HI-TEC99 on August 19, 2018, 09:05:21 PM

Why's Bitcoin ~~just~~ pumped up just to $6500? Was it because someone bought some coins, or was it a more profound reason?

FTFY

Are we at the reversal point yet? The funny thing is everybody is talking about bear patterns, but the falling wedge is generally considered as a bullish sign:
"The falling wedge pattern is characterized by a chart pattern which forms when the market makes lower lows and lower highs with a contracting range. When this pattern is found in a downward trend, it is considered a reversal pattern, as the contraction of the range indicates the downtrend is losing steam... In a falling wedge, both boundary lines slant down from left to right. The upper descends at a steeper angle than the lower line. Volume keeps on diminishing and trading activity slows down due to narrowing prices. There comes the breaking point, and trading activity after the breakout differs."

https://en.wikipedia.org/wiki/Wedge_pattern
https://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:falling_wedge_reversal

I know that feeling. Today it happened again for n-th time Grin

Quote from: El duderino_ on August 31, 2018, 02:58:52 PM

via Imgflip Meme Generator

I think we already have one - zclassic. It's developer (remember the bcash shill that stole a tank not long ago) forked to btcp and left zclassic without dev team. The coin rose almost 1000 times before that just to be dumped to almost zero after the fork.

Btw, bitfinex has issues with one of its servers:
https://twitter.com/bitfinex/status/1035544829034471424
As a result the price went up 1% Grin

Clearly these traders hate bitfinex. May be they ddosed it so it can't dump on them. What a coincidence - at the same moment when CME futures closed Wink

From twitter:

Are we in a bull market yet?

https://www.forbes.com/sites/billybambrough/2018/09/04/bitcoin-experts-pin-price-hopes-on-early-november-heres-why/#7cee6c542256
$10K by November - I can live with that. Still a new ATH is welcome anytime! Grin

Going south again Angry

Bob, show us your 'genious' bitmex rekt liquidating longs/shorts pics.

I really don't get it. Why someone with 10K bitcoins would dump them with 10% loss at 7400 when they could sold at 20 000? Who are these people? Playing with futures or just morons enjoying losing and making everybody sad. May be the silk road admin or some other criminals. And what will they do with the cash? Bury it in his yard, then gets arrested and hangs himself like the alpha bay admin. I curse these peoples with all the evil to them and their families! In Jesus name, amen! We, the honest hodlers will prevail and rejoice for ever!

https://cryptodaily.co.uk/2018/09/starbucks-microsoft-bitcoin-etf/
The ugly whale bastards that sold yesterday will want to hang themselves when Bitcoin reaches $40K!

So many newbie accounts and legendary accounts (sold to trolls of course) with doom and gloom posts. For those FUDsters telling us how Bitcoin will go to 3000K and lower: Tell me one reason even going there that I should sell now, knowing that it will come back to 6K in less than a year for sure. Who knows, Bitcoin may reach 10K or 20K again while waiting to go lower and getting less Bitcoins at the end, than I have now. I've been there 2-3 times already and as a result I have half of the bitcoins I should have if just holded. So thanks, but no thanks. I will hodl even in the most severe bear winter.

BTC Dominance: 58.0%

Quote from: d_eddie on September 14, 2018, 03:09:15 PM

I didn't have the guts to gamble even 10% of my play money by shorting Eth, even if I value your hunches. When I get a fit and try to day trade, I'm always late, so it's a "control the losses" kind of game. Not entertaining at all for me.

Hahaha, this is so me! Grin

+1 merit

Quote from: Totscha on September 17, 2018, 08:26:39 AM

Quote from: toknormal on September 17, 2018, 08:24:25 AM

So what happens now ?

Now we fall... Wink

Or just a bear trap. This is a classical falling wedge pattern btw.
https://en.wikipedia.org/wiki/Wedge_pattern
"When this pattern is found in an uptrend, it is considered a bullish pattern, as the market range becomes narrower into the correction, indicating that the downward trend is losing strength and the resumption of the uptrend is in the making. "
Since the creation of Bitcoin we are in an uptrend, so its resumption is in the making.
I expect a strong breakout soon. Moreover, any moment CFTC will approve ICE futures (the so called bakkt) which is with an actual buying of bitcoins. So we may see above 10K sooner than expected!

Quote from: Totscha on September 17, 2018, 10:05:46 AM

Quote from: ivomm on September 17, 2018, 09:54:04 AM

Quote from: Totscha on September 17, 2018, 08:26:39 AM

Quote from: toknormal on September 17, 2018, 08:24:25 AM

So what happens now ?

Now we fall... Wink

If we break out to $10k+ very soon, we're probably not going to hold that price point for long. It would most likely lead to lower lows (sub $5k).

I'd much prefer we go sideways for a while.

Sub 5K is too much. Even now the miners are with a very slim profit. At 5K only those who have free electricity (may be less than 1%) will have any profit in terms of cents. Once we are out of the falling wedge pattern, the trade differs of what we've had before. So even if we don't hold 10K for long, the correction will not be in the 6K area, but much higher - say 8K. Then the upward trend will resume until the next resistance and so on.

You know that the bears have no control when they attack for 10th time 6k support and nobody here gives a shit. The spent Bitcoins on Bitfinex is only5K, compared to 40K in the previous 7k to 6500 drop. Haha, bears, you are fucked! BTC for ever!

https://dailyhodl.com/2018/09/19/bitcoin-btc-price-analysis-a-move-after-the-vaneck-etf-decision/

"I am biased to the upside with what I am seeing at this point. My best guess for a major move to happen will be after the VanEck ETF decision by the SEC this month. I imagine we will have a similar reaction to when the other ETFs got sidelined. Nothing will happen after the announcement, and then we will move up. There is no reason the SEC would approve the VanEck ETF at this point and it should not be a surprise to anyone that it gets delayed.

If the market rockets down after that ETF gets denied it will be a clear sign of either manipulation or stupidity. In my view, the only surprise should be if this gets approved. Otherwise, the SEC will kick the approval down the road as long as possible because that’s what they do.

Happy hodling."

So, SEC delays again the ETF and we have a pump? Nice! 6500 again. Smells like an open season for bears hunting! Go BTC, go!

^^^
The bear trolls are getting nervous. Their dream of getting cheaper coins is fading away like a morning mist. Soon the good news for BTC will shine like the sun in a warm summer day. Wink

First, the news of CFTC approval of bakkt (backed up by ICE, Microsoft and Starbucks) will send the prices above 10K. With such big exchange like ICE actually buying and keeping BTC's in custody, the future of BTC will be bright for many many years to come. Unlike shitcoins that appear and dissapear randomly, BTC will be an eshablished product on the world exchanges like ICE and NYSE. For many investors this means they can save their BTC's or ETF's longterm for their retirement plans. I will definitely keep at least 1/3 of my current BTC's for 20 years until I retire. By then the price will be astronimical. I intend to buy a nice vila at the beach, but instead of selling my BTC's, I prefer to buy partly with a loan, so I keep more (like 2/3 of my BTC stash). Of course, if we are lucky, BTC may reach new ATH's this year, especially if CBOE ETF is approved. The chances are not 0% as some people think. The fact that SEC changes the tone from the FUD that the market is manipulated to statements like: "let the comments say if this is so, we can't decide", means that we are close to such approval. We'll see about that later this year, of course.

Some people still believe they will make big money if Bitcoin falls under 6K. It is too risky to count on that, knowing that bakkt will start in November. May be those who sell now are unaware that this is as big as ETF. Every contract will be settled by actual buying of Bitcoins and thus eliminating them from the exchanges. Anytime now the CFTC approval will be issued (a mere formality, since it is about ICE+Microsoft+Starbucks not some small exchange like Gemini). The news will trigger the next bull run. So shorters, think well before you short!

This will be Rosewater and all weak hands look, when Bitcoin recovers and reaches new ATH's.

I know that 6 digit price looks impossible now, but in several years it WILL become reality. Bitcoin is here to stay, for sure. With more and more Bitcoin atm's, there will be no need to convert to fiat.

From twitter: "Very bearish today. If we break 6550 expect to see 6549!" Grin

Quote from: serveria.com on October 11, 2018, 09:39:49 AM

Quote from: Yaplatu on October 11, 2018, 08:02:28 AM

It's because :

https://www.blockchain.com/btc/address/35gwu76KvShhjg2SQdFcH6caC2MBFyXk75

No ?

Wow a 15000BTC sale brings the price down for only several hundreds? Bullish! Cool

That is exactly the amount sold from 6600 to 6200-ish in Bitfinex. The price looks stable for now, only 5% loss is no big drama. It looks more like a bear trap to me. Of course, I agree that this year so far was a bears shitshow. All these people clearly have little faith and patience (or at least they had before but lost it now). But sooner or later the selling bears will dissapear. Let's hope this was the last bear selling at 6K range. I clearly remember last year how many people sold thousands of bitcoins when the price was below 3K. Now it is a rare thing to see a sell above 1K. In the next years probably we will be talking of hundreds-bitcoin-whales, then tens-bitcoin-whales Wink

In gloomy days like these, I try to imagine where the price will be in 3, 5, 10 years? There is no need to wreck my nerves by these short dips. If I just hold, I will become a millionaire way before my retirement. So, instead of selling, I prefer to buy moar bitcoins with my pathetic salary. Who knows, may be we will see new ATH sooner than expected. I don't want to be on the wrong side when this happens. Grin

Yes, I have faith that I will see it and enjoy it with my full stash intact by these shakeouts!!!

Quote from: JayJuanGee on October 12, 2018, 12:08:03 AM

Quote from: ivomm on October 11, 2018, 10:15:34 AM

Quote from: serveria.com on October 11, 2018, 09:39:49 AM

Quote from: Yaplatu on October 11, 2018, 08:02:28 AM

It's because :

https://www.blockchain.com/btc/address/35gwu76KvShhjg2SQdFcH6caC2MBFyXk75

No ?

Wow a 15000BTC sale brings the price down for only several hundreds? Bullish! Cool

Yes, I have faith that I will see it and enjoy it with my full stash intact by these shakeouts!!!

If you are willing to have a time preference horizon that goes beyond 5 years, it seems that you have really decent odds of profiting stupendously by continuing to dollar cost average into BTC until then - and hoping for the best - even if you happen to be regularly investing with a "pathetic salary," as you mentioned.

Of course, such hope regarding the future of BTC (and presumably BTC prices that will follow) is based on a certain kind of disparity of information in which you seem to understand the fundamentals of BTC and there are so many average Joes who either do not have a clue about BTC or they are filled with Angst or apathy regarding the extent to which bitcoin "may be valuable" (from their perspective).

On the other hand, if your time horizon is way shorter, then there certainly could be some unnecessary risks - for example even less than 3 years - and you would not want to put a great amount of your money into BTC if you really needed to have that money liquid in a shorter period of time - such as less than 3 years.

Very well said! I understand the technology, of course, and I am confident that my savings (which quadrupled thanks to Bitcoin) can go over $1mil one day. For now they are enough only for a small house or a nice new car. I have an appartment and a VW CC, so for now I don't need cash. The last year for me was more nervous because of the uncertainty of the forks. But now I am absolutely confident that Bitcoin is here to stay (even if traitors like Ver and Wu tried to steal the project one way or another, Bitcoin ramained what it is meant to be). With the coming bakkt and ETF in 1-2 years tops, Bitcoin will remain the first blockchain currency (and Wall Street exchange asset), so its value will never stop rising. Of course, I am not delusional. There will be dips and sideways and it will be tough to hold at those moments. Speaking of predictions, I have 3 variants for the next 7 years (after 2 halvings).
1. The bearish one: In 2-3 years the price will revisit the 20K range. In 6-7 years it will reach $40-50K.
2. The mild bullish: In 2-3 years: 40K. In 6-7 years it will reach $100K.
3. The most bullish: In 2-3: 100K. In 6-7 years it will reach $500K.

I hope for the best but I can live with scenario 1. In 6 years I will still have 15 years to retirement, so I need only to buy moar and hold.

Quote from: JayJuanGee on October 14, 2018, 02:10:29 AM

I appreciate your outlining of scenarios that you believe to be probable and most probable, but really it seems to me that you are not really accounting for the vast array of BTC price scenarios – even if you are attempting to stay in the middle of the road – and you are not putting your scenarios into a kind of probability range – which certainly each of us are going to frame these probabilities a bit differently. Furthermore, it seems that even your optimistic scenario ends up with John McAfee eating his dick on TV.

I am going to attempt to elaborate on your scenarios by adding more scenarios and assigning probabilities to them. By the way, I do agree with any premise that BTC’s performance in 6-7 years will partly depend upon how it performs in the next 2-3 years.

BTC’s price will be: First column in 2-3 years Second column in 6-7 years

Below $1k = Less than 3%      Less than 1.5%

$1k to $3k = 8% to 12% 7% to 9%

$3k to $5k = 10% to 15%      8% to 12%

$5k to $10k = 10% to 15%      8% to 12%

$10k to $19k = 15% to 18%      12% to 15%

$19k to $30k = 15% to 18%      15% to 18%

$30k to $50k = 15% to 18%      15% to 18%

$50k to $100k = 12% to 15%      15% to 18%

$100k to $500k = 5% to 10%      10% to 15%

$500k to $1mill = 2% to 4%      10% to 15%

More than $1mill = Less than 1%      Less than 5%

I’m kind of pulling the above estimates out of my ass (straight); however, my point still remains that each set of circumstances has probabilities, even though in the end, we are going to arrive at ONLY one spot once we get there. Nonetheless, from our current perspective, we cannot rule out extremely bearish or extremely bullish scenarios, even though the probabilities seem to be on a kind of upwardly skewed bell curve.

In other words you believe the price will stay below 3K with probability 15% and below 5K with 30% probability for the next 3 years? I wouldn't give that much - 1-2% tops. The most important question is when the effect of mass adoption (including Wall Street companies) is about to happen? I don't think we are near that event. Not even close. So the price will continue to follow its previous pattern. For the last 4 years we had 100 fold increase between the lowest point and the ATH in 2017. It is logical that the same increase will happen in a similar time frame unless the mass adoption is near completition. But let's say that it goes much slower, say 1/4 of the speed of the previous pattern. In other words 6K->600k/4=150k is achievable price within 4 years. But let's say it is not highly probable. Then again, I think that 40K is absolutely normal price in the next 4 years.

https://www.ccn.com/bitcoin-etf-applicants-to-sec-stop-moving-the-goal-posts-eliminate-ico-double-standard/
Nice response from CBOE! Anyway, the meeting of SEC Commissioner Elad L. Roisman with VanEck-SolidX-CBOE is a sign he will be in favor of ETF. This means only 1 is needed for the approval. From this publication
https://ambcrypto.com/bitcoin-etf-sec-commissioner-provides-clarity-on-delay-specifies-guidelines-for-approval/ is evident that there is a chance Kara Stein to be the 3rd in favor of ETF. So, bakkt+ETF will mean that all those that sold in the last 9 months will eat their hats (quite popular on this thread recently Wink

) very soon.

Quote from: Last of the V8s on October 24, 2018, 09:03:40 PM

https://theblockcrypto.com/tiny/bakkt-could-get-regulatory-green-light-for-its-futures-as-soon-as-next-week/

"Still, Bakkt's product is unique from the ones trading on CME and Cboe inasmuch as it is a physically-settled future, not a cash-settled one. That means traders, at the end of the contract lifespan, will receive a payout in bitcoin itself, not cash, if he or she is on the winning side of the bet."

If I understand it correctly, bakkt will buy real bictoins associated to each new contract. These bitcoins will just change hands, depending who is winning, and not be sold outside, thus creating a closed exchange. If this is so, these bitcoins will be removed from the exchanges, which will lead to an increase of the price.

Quote from: Spaceman_Spiff_Original on October 28, 2018, 09:51:15 PM

Quote from: jojo69 on October 28, 2018, 09:02:02 PM

Quote from: Raja_MBZ on October 28, 2018, 08:20:44 PM

Quote from: jojo69 on October 28, 2018, 08:18:41 PM

anybody know what is causing this huge dump??

"huge"?!?

dude, it was like $8 or something!!!

thank goodness we have recovered from it

My heart is still racing from this face-ripping volatility.
Any recommendations for medicin to calm myself down again jojo? Might need horse tranquilizer...

I have to go to bed and I don't know if I will be able to fall asleep after such a roller coaster today. Let's hope the price will stabilize tommorow ! Wink

Oh, we are a few bucks lower today. My hat doesn't give a shit Grin

This is my meme, while waiting for the CFTC approval Grin

Quote from: LFC_Bitcoin on October 30, 2018, 10:06:58 AM

...

I dunno why bit I’m not expecting BAKKT to have that much of an effect on the price. I remember similar hope when Gemini were about to open their doors only for it to turn into a limp dick.

Will BAKKT give us a big pump?

Acutally, we don't need a short pump. The effect of bakkt (like the halvening) will be felt after several months. The first Bakkt product will be physically settled and delivered 1 day Bitcoin futures (Bitcoin “backed” contracts). Meaning you trade futures each day, but then you get 1 Bitcoin in your Bitcoin balance from a contract. It is almost certain that ICE will buy Bitcoins via OTC deals from Gemini and other exchanges (Coinbase, Bitstamp and Kraken). This should lead to a gradual rise of the price in 2019.

Quote from: Bitcoinaire on October 31, 2018, 02:59:20 PM

A lot of folks on twitter and youtube are saying we'll dump. Will it be soul crushing?

Edit: Also I have my new hat, thanks homer! Stylin' and profilin'!

Yep, its the end of the world! 0.25% dump! What are we gonna do?

Some very good points in this article. I thought only 3 mil Bitcoins are lost, but the author claims that the number increased to 7 mil. Even if that is not the precise number, I agree with all of the statements there:
https://u.today/bitcoin-price-prediction-for-november-the-market-is-wound-up-and-waiting

https://bitcoinnews.com/lawyer-claims-bakkt-can-bypass-approval-for-physical-bitcoin-futures/

"The reason the Bakkt physical Bitcoin futures are important is that they would allow institutional investors to buy Bitcoin in a safe and regulated way on major stock trading platforms. The futures settle the same day and investors receive actual Bitcoin in their accounts, unlike the cash settled futures in Chicago. Market demand for the physical Bitcoin futures is expected increase demand on Bitcoin spot markets, which could possibly lead to a major Bitcoin price increase."

Incredible 20$ weekend pump. It will end in tears, I tell you Grin

https://www.ccn.com/bitcoin-etf-could-attract-billions-in-new-investment-vaneck/

...
Gurbacs predicted that a bitcoin ETF could perform much like a traditional gold ETF. Institutional investors, who do not want to take risks by investing in bitcoin via less secure and safe spot markets, could find ETFs as a go-to option. As a result, the very first day of a BTC ETF could attract as much as $1 billion in investments.

“Our gold ETFs are already in a few billion dollars range,” Gurbacs added. “There are gold ETFs in $10 billion range as well. I wouldn’t be surprised if a bitcoin ETF gets in a few billion dollars range.”
....

I don't understand what he means - few billions a day? For a comparison what is the total investment in all gold ETF's per year and per day?

Another bear trap. Boring! How do you call all that sold near the all year support? I call them noobs! Sooner or later we will be steadily in 5-digits range and those noobs will lose their patience and buy again much higher with a heavy loss (if they do not kill themselves because of their stupid decisions ).

I still think this is a bear trap. In our country we have a saying which translates something like: "Take a step back so you can make a big jump foward". But I don't care so much really. After all, the longer we stay low, the more bitcoins I can buy with my pathetic salary Grin

I am ashamed how little BTC I have now. I am almost tempted to sell my diesel car for 2 BTC Grin

The diesels will be banned in EU, so this is a real temptation...

1 year ago Ver, Wu and Craig were dumping all their Bitcoins for bcash buying at 900$ to 3000$. Now all their money are gone forever! bcash is dead and these crooks are poor again! There is God! I have only one more request to God: Let Bitcoin rise to new ATH's while these crooks are agonizing with losses as heavy as this forever! Grin

Quote from: Yaplatu on November 17, 2018, 08:02:31 AM

FTFY:

2014-2017: So far a stunning reseblance between 2014 and 2018. If bakkt starts in Dec, this would mean that the bear market is over. Actually, I prefer to call it 'accumulation' period. Unlike bear market for gold, silver, etc., which continues decades (that poor lil r0ach got really really rekt lol).

When scammers like Ver, Wu and Wright decide to make Bictoin centralized, they make forks:
BCH - fake real bitcoin
BCHSV - fake real fake bitcoin
BCHABC - fake real real bitcoin
BCHABCBU - fake real real fake bitcoin
BCHABCEDF - fake real real fake real bitcoin
BCHABCEDFSV- fake real real fake fake bitcoin
and so on... to
BCHABC...XYZ

All shitcoins going to 0. This is good. Bitcoin is just preparing for the new bull run Wink

Well, everyone can buy more cheap black friday coins. I don't believe this trend. It is purely a bear trap. Last year run will repeat soon.

The rebound coming in 3..2..1. The market is going to turn against all shorts who will get rekt!

Quote from: LFC_Bitcoin on November 19, 2018, 05:23:33 PM

Quote from: bitserve on November 19, 2018, 05:21:06 PM

Quote from: LFC_Bitcoin on November 19, 2018, 05:13:12 PM

Quote from: bitserve on November 19, 2018, 05:10:59 PM

This is hurting badly already.

I’ve watched my bitcoin stash worth go from close to 1 million GBP to well, you can figure it out from that.
Of course it hurts.....badly.

I feel stupid for not selling at the ATH but we’ve all been through this before & we rocketed from $160 to $20,000.

It will happen again?

If it doesn’t RIP to me.

Then you had some more than me, but it's basically the same.... hundreds of thousands of euros of paper profit vanishing in front of my eyes.

In comparison to what has already vanished the remaining feels so small....

OTOH, I wasn't expecting to to sell in this decade. I will stick to my plan.

Hurts badly thou.

It hurts a lot. I must admit I am worrying if I’ve literally fucked my entire life up.

I always said I’d wait until about a year after the halving so that’s what I’m going to stick to.

C'mon we are all suffering. Look it on the bright side. The suffering make us strong. Besides, most people (including myself) can only dream of having your stash. I've decided to wait until 40K, so I can buy a nice house and a new car. I don't care when we get there, because I don't need the money now. During that time I can buy more bitcoins. If the price is lower I can buy more. Of course, I prefer to get there quicker than wait for 3 years. When all scammers sell their coins and ETF comes, it will be like the gold explosion. We may reach 40K in a year. Let's remember that in 2017 for 1 month we went from 5K to 20K, so why not again?

Such a panic selling with only good news for Bitcoin. It is a pity... that I don't have available fiat to buy this dip. I am just curious who made profit today - certainly not the traders that sold, nor the miners. The trio scammers Vu, Ver and Wright are rekt the most. The only winners are those who endure this torture and continue to hold without being too greedy. To sell with the hope of buying lower is a catching knife game. You may succeed once or twice but in the end you will cut your fingers.

I just initiated a bank transfer to coinbase of $1k. Hopefully the rebound will wait a bit so I can buy 0.22BTC-ish. Grin

It seems we rebounded from the bottom. Fiat money are depositing on exchanges and the buy books are a lot fatter than the sell books. At this point ALL miners are at a loss, even those who pay 5c electricity because of the other expenses - rent, salary of the employees, cooling, taxes. So they have no interest in selling in such a way to bring the prices down. Besides, good news are slowly coming - bakkt (although postponed), ETF (2019 may be), the halvening 2020. Even in 2015 when there was no hope, the price almost doubled after the 85% drop from the ATH. Now we hit 80% drop. So in 2019 even if nothing else good happens, we can expect a price above 7K. After the halvening a revisit of ATH is inevitable. Until then the best is to hodl, sell only for urgent needs and buy if extra cash is available.

Quote from: Elwar on November 21, 2018, 08:42:02 AM

It's far from over.

2019 will be known as the dark year(tm copyright 2018).

4600 is the new 6400. Who would have thought after so many months there we will dream of this price so soon. Huh

Anyway, this is a loss for the weak hands and bonus for the hodlers who can endure such drops and buy more. When the train starts again, I am sure all these people will wait until its too late to enter again. Imagine how weak hands are 'making money': They buy at 15k$ and above because the charts looked so hot and sexy and their analysis shows it will stay that way. Now at 4K they sell because the chart looks horrible. They assure themselves that they will enter again when they are certain the bull run is on. But when - at 6k? No, not confident. At 12K- no, its too much of a price. But the Bitcoin will not stop at 16K, 20K... and finally after 30-40K they decide to enter again... Just before the next drop to 20K when they panic sell again...

This is the explanation why there are people never profiting, while others are making huge money. I am gloating with the anticipitation of the next bull run when all these noobs will bite their tongues for selling at 4K, while the price goes above 40K! Mark my words!

Since the majority in this forum voted on the poll less than 4k by the end of the week, then for sure we are going up - 5.2K may be? Grin

Those who try to scare us with going to 0 talk either don't understand how exchanges work, or are hoping to make others sell, so they buy cheaper. I am not scared of any low price and that I will be at a loss temporarily (happened many times already). On the contrary, I am happy with the fact that I can buy more Bitcoins with my monthly income. The question is not how low we may go, but how high we will go! For the ignorants just two numbers - 200 price at the end of 2014 (does it matter now?!?) and stable 6K at the end of 2017 (excluding the peak 10-20K). So we are on this schedule: 4k at the end of 2018 and stable 30-40K at the end of 2021 (with possible peak above 100K). But let's say we have more crooks like Wu, Ver and Wright to hammer the price, and SEC is still refusing to allow ETF. Then what about in 7-8 years. With almost all 21mil Bitcoins mined, and several millions lost each year, and millions of new buyers... The explosion can't be delayed much longer for sure. So, no need of FUD or nervous trading, just hodl and you won't be dissapointed by the result!

Big crash, my ass! Look at the books in BFX - 20K BTC in buy offers till $2500 vs only 5KBTC till $5300. At the same time SV is pumped - versy suspicious. I guess CW sold every BTC he had just to give 1 more day life of his shitcoin before it dies forever! Now, we are in a very good starting position. Weak hands were robbed and big trio scammers - Ver, Wu and Wright is out of Bitcoins. No need to be a prophet to predict that a bull run is imminent. I can't wait to get my salary next week to buy some more!

Quote from: ivomm on November 25, 2018, 02:04:06 PM

This post was yesterday when we were at 3700$ (BFX). Now the first part is fulfilled, I expect to reach 5k$ range soon. We are in a good position not only to recover the drop from 6K but to break the falling wedge pattern from the beginning of 2018. If bakkt starts and as promissed offers more than futures contracts (namely as regulated crypto exchange that can store in warm and cold wallets the bought bitcoins, which have theft etc. insurance), we can quickly break the main resistance at 8400$. This will start the next bull period, which will last at least until 2021. Also there is a huge possibility that in December the new commisioner in SEC might be in favour of ETF. We need only 1 more voice, since it seems we currently have 2 in favour. Interesting times are coming and the weak hands will suffer much when they see prices with 5 digits. Wink

This reminds me of Sept. 2017 China-bans-ico FUD, when Bitcoin crashed from 4800 to 3000. In the last day we had 30% crash, then 25% bounce to 3800, and the next few days sideways around 3600. Now we had 20% bounce to 4200 followed by a dip to 3800-3900 (BFX). The support is way too big - around 13K BTC in buy offers down to the price 3000$ (BFX). So good luck bears getting another 20% down Grin

The time of the bears has ended! The time of the bulls is coming! The only thing I regret is that if I knew what was gonna happen, I would sell at 20K and rebuy at 4k. I knew that in 2014 the crash was because of the Gox thing. Since the situation was completely different I thought it won't happen again. But I forgot one thing - most of the traders are illitirate and chart looking morons. They don't think logically, nor believe in the technology. It is funny how exactly traders copied the chart of 2014 y! Their story this year is cutting the losses sells. Nah, this game is for gamblers. I am sure that when the bakkt and ETF news come out they will be on the wrong side - useless fiat or worse tether Grin

Besides I think it is too greedy to sell with the hope of rebuying lower. Just buy regularly with the income and endure the dips and crashes. You never know when the market is going to turn against the shorters! Set a price target and wait until it's reached. If we went from 150$ to 20K$ in 3 years, why not going from 4k$ to 40K$ in 3 years? I just hope I and my family to have a good health, and lets see what will happen in 3-7 years. I hope by then to have at least 20 bitcoins... So the lower price is not so bad for me after all Grin

Quote from: Last of the V8s on November 27, 2018, 09:24:29 PM

https://www.bitstamp.net/article/partnership-enhance-customer-protection-and-market/
This is the surveillance stuff that the SEC needs to pass the ETF

https://www.coindesk.com/clayton-sec-ico-funding-security-offering
mentioned here, as well as xrp being a security/needing a lot of info lol

A quote from the interview:
Jay Clayton, chairman of the U.S. Securities and Exchange Commission (SEC), said Tuesday that he doesn’t see a pathway to a cryptocurrency ETF approval until concerns over market manipulation are addressed.“How that [manipulation] issue gets addressed, I don’t have a particular path. But it needs to be addressed” before an ETF gets approved, Clayton remarked during CoinDesk’s Consensus: Invest conference.

There has been some progress recently regarding vaneck addressing the manipulation issues. Vaneck declared who are the partners for OTC deals. They will be regulated by CFTC.
https://www.cryptoglobe.com/latest/2018/11/vaneck-subsidiary-mvis-reveals-the-otc-exchanges-behind-the-bitcoin-etf-index/
Circle OTC platform - Circle Trade is one of them. I've read somewhere that currently CFTC is auditing their activity (USDC etc.).

I don't know if Clayton is sincere or he is just hiding behind this 'manipulation' mantra.
1. Vaneck ETF proposal is desinged for accredited, not retail investors.
2. The deals will be made by OTC desks. As noted in the presentation, manipulation of the price of OTC deals is impossible without the participation of the desks themselves.
3. OTC desks will be regulated by CFTC, which already began its work.
4. It is seen in the last months that any rumour about manipulation of Asian usdt exchanges (so far not proven) is punished by the USA exchanges with lower prices.

Finally, it seems that 2 commissioners are for ETF, and in Dec. one more will be replaced. Whatever the staff decides it will be up to him to determine the approval of the ETF.

Who sold at the bottom? Grin

I've read somwhere that nearly 2 mil bitcoins were traded on all exchanges during the weekend bear trap. At least a quarter of them were withdrawn from exchanges to personal wallets. As always strong hands win and weak hands lose Wink

On behalf of all that bought during this period I thank the noobs for selling their precious coins at such discount Grin

Jihan Wu looking at the SV pump, while transferring 2 mil SV to exchanges.

I bet he is planning to bring it to 0 Grin

Quote from: VB1001 on December 01, 2018, 10:37:55 AM

Greetings to all, I am glad to have found this thread, allow me to tell my little relationship with Bitcoin, I started in August 2017, I have a few years and my investment was important for me, I believe in the Bitcoin function, thanks to the or not the leadership has achieved something very important, be the first cryptographic currency and this will never be taken away, it will always be the first. Cool

My notions in AT, ATH are not very good I move observing how the prices unfold, for my Bitcoin does not understand of AT, in the phase that we find the logical thing would be to descend to $ 3800, if it does not hold it will fall close to $ 3000, Here I will buy more, if I lose 3000 I will continue buying. Grin

I will continue reading your comments of course more technical than mine, good luck.

Although now it goes up, we are going to trade !!! Cool

That's the spirit! We are in the same boat, pal! I started Jan 2017 but my main investment was in August 2017. I suffered a lot during the first 4-5 crashes, but I learned to endure and buy more. I will continue to buy no matter the price.

https://twitter.com/BTCDJS/status/1069233909395800064
Grin

We are very close to the capitulation point. Everyone is talking doom and death for the crypto. Whales are selling as if the price is 20K Wink

But this is a healthy process of fragmentation which will pave the way for the next bull run. I don't know how long we will wait for that, hopefully sooner rather than later. I don't believe in Christmas miracles but who knows, anything can happen. I know what SEC chairman said about ETF, but what if the staff suprisingly gives approval... or the commission votes for it... or bakkt starts and it offers actual buying of bitcoins? We need one good news to reverse the market. (Or like fake Satoshi CW put in prison for stealing 300K bitcoins from his friend Grin

) Well, even if none of these things happen, f..ck it! I prefer to hold my saving in Bitcoin rather than in bank, where every bank empoyee can see and use my credit cards info and steal my money. Banks? No, thanks!

Quote from: reactorjuno on December 04, 2018, 10:51:33 AM

Still trying to figure out why this collapse. It was in a range of $6000 to $7000 for a while, I guess the resistance at $5800? But that's still a massive drop without any fundamental to explain it. At least last year each collapse was "explained" by some Chinese news or platform hacking, lately nothing notable happened Undecided

There are several reasons for that.
1. Whales possesing over 100K bitcoins are the main reason we are here now. One of them - the impostor Craig Wright posted a tweet that he doesn't care if Bitcoin will drop to 1000$ (I am not sure that this is his actual tweeter account, but anyway) and sold massively in order to pump his 'child' the bcash fork SV.
2. Several days after the support was broken, it was announced that bakkt will be postponed due to some remarks from CFTC regarding safety of warm and cold wallets. This smells to me like an insider info.
3. Most of the traders are ignorant to the potential of bitcoin. They can only watch diagrams. They compare the diagrams of 2018 and 2014 and act according to the similarities there.

There are other reasons - market manipulation related to tether (some use this gap to trade with 2-3% profit), futures, miners hash war (bankruptcy of some mean more bitcoins for others), the refusal for ETF, etc. But bitcoin overcome many such periods. I am confident it will overcome this also. We just need more time to start doubling again. I expect the next bull run to start either with the approval of bakkt/ETF or 6-9 months before the next halvening.

Thanks for the beer, Bob! Cheers!

Some scared noobs and crafty whales selling in Dec. What a surprise Grin

Trolls trying to scare the hodlers with 1K talks. Bring it on baby! I regularly buy with 2/3 of my salary and I just initiated another transfer to an exchange. It had been this way the last years. The difference is that I buy a lot more precious bitcoins now Wink

Quote from: Last of the V8s on December 05, 2018, 08:35:22 PM

@fintechfrank https://twitter.com/fintechfrank/status/1070405218230259712

Quote

SEC Commissioner Hester Peirce on crypto ETF: "Don't hold your breath"

It could come tomorrow or in 20 years, she said.

"I do caution people to not live or die on when a crypto or bitcoin ETF gets approved."

"You all know that I am working on trying to convince my colleagues to have a bit more of an open mind when it comes to [crypto]."

"I am not as charming as some other people," she added.

Institutionalization will happen, she concluded.

Advice for crypto firms: "get good regulatory advice.. there are a lot of landmines...[and] we live in a society that has a lot of old securities laws...You could have the best intensions [sic]in the world and you could trip on something that you didn't mean to trip on."

Peirce said this during a fireside chat at a cryptocurrency conference in Washington D.C.

I think my peepee just shrank a little.

Quote from: QestBTC on December 06, 2018, 05:21:51 AM

Quote from: El duderino_ on November 29, 2018, 01:19:19 AM

into mount HODLING for a sleep cause in BIG need for a good hodl-rest
this night cross 5K and all is fine by me Roll Eyes

always a BULLiever in Micg. Grin

where is your 5k for btc noob? Your dreams about the price are ridiculous

I see one big fresh n00b here and that's you!

Quote from: m0gliE on December 06, 2018, 09:59:51 AM

Quote from: mindrust on December 06, 2018, 09:51:33 AM

Leave everything aside, That's what i see when I look at this chart.

Now I want to sell half of my shit so bad but I probably won't.

That's some good TA.

I trade with such TA in mind.

I'm like "what is the next move to make the graph beautiful?".
Until now it has worked pretty well.

And where in this "good" TA is the buy support? If you have 100K BTC support at certain price do you think your TA would work? This confirms my obseravations that the reason we are here are the n00b traders who only look at the charts and compare 2014 and 2018. The price may fall if there is no support and go up if there are enough buyers. It is as simple as that.

I just bought some more with my salary. The SEPA transfer in Coinbase arrived in 1 day. Looking at Bitfinex I feel sorry for all those n00bs selling hundreds of bitcoins at this price. I understand that some will buy again if the bull run is resumed. But will they sleep well, knowing that during the night the price can go up 10-15% and never return? What are they hoping for? A drop to 3K? At Bitfinex there is 12.5K BTC support down to that price (1K added in the last few hours). Good luck with the dream that it can go to $1k! Grin

But even with this price it will take less than a year to reach 10K, possibly 20K after the halvening in 2020. The only question is not if we will go to the ATH again, but whether to take the risk and sell during a RSA peak and rebuy lower? (Provided that you are not happy with the stash you have.) IMO if you are happy, it's better to wait than to lose a portion of it due to a bad decision. From my personal experience as a "trader", I lost way more bitcoins than I gained. If only I hodled instead of trading, I could have had 10 times more.

SV crap pumped by CW. Grin

What a loser Cheesy

I admit that as a hodler I din't sleep very well this night. The reason is that I was constantly making calculations how much bitcoins I can buy with my salary if the prices stays this low for a year Grin

. Of course, if had a crystal ball I would have sold at 20K and rebuy at 3.4K$. But who can predict that some impostor would sell his bitcoins to pump at least on 3 occasions his shitcoin? I blame CW of course. A man who stole 300K bitcoins from his paralyzed friend and being currently sued for that. I hope he sold the last portion of his bitcoins. If so, we will go only upwards. If not, we may see another drop for the last time. Yesterday more than 70K bitcoins were traded on Bitfinex, while the support to 3.4K$ was about 5K bitcoins. The support to 3K$ went from 12.2 to 11K. I think CW will have to repeat 2-3 times the dump from yesterday to break that support. I don't believe he has enough bitcoins for that. Wink

I know that our beloved God makes good people sick with cancer and all other nasty deseases and blesses the bad people, but perhaps for this Christmas he can make an exception for CW? Please, please,please Grin

I am just kidding of course... Or am I? Grin

Quote from: LFC_Bitcoin on December 07, 2018, 10:00:50 AM

Oh FFS, how much lower? What’s the reason this time? Just woke up to yet another dump!

SV pump 38%. Coincidence? No!

Well, it has to stop somewhere. One year ago Jihan Wu started a similar campain (flippening they called it). Aided by Rojer Ver and Craig Wright they dumped hundreds of thousands bitcoins and bought bcash driving it up to 3.5k$ on most exchanges and 9.5K$ on Coinbase. The documentation of the failed IPO shows that only Bitmain bought around 2mil bcash! Now, Wu gets what he deserved! Although he has 2mil SV now, so he can dump it to get some money to save his business from bankruptcy. Now, CW thinks he is a genious to sell his bitcoins and buy his shit. In 1 year SV will be less than 10$, while bitcoin will recover. Not only the manipulators are out of ammo, but most of the whales dumped in fear their bitcoins. What the market needs now is a nice recovery to 6K and then slowly building up to 20K and beyond. It may take some months or a couple of years, but it will happen!

Quote from: ivomm on December 07, 2018, 07:00:27 PM

Well, it has to stop somewhere. One year ago Jihan Wu started a similar campain (flippening they called it). Aided by Rojer Ver and Craig Wright they dumped hundreds of thousands bitcoins and bought bcash driving it up to 3.5k$ on most exchanges and 9.5K$ on Coinbase. The documentation of the failed IPO shows that only Bitmain bought around 2mil bcash! Now, Wu gets what he deserved! Although he has 2mil SV now, so he can dump it to get some money to save his business from bankruptcy. Now, CW thinks he is a genious to sell his bitcoins and buy his shit. In 1 year SV will be less than 10$, while bitcoin will recover. Not only the manipulators are out of ammo, but most of the whales dumped in fear their bitcoins. What the market needs now is a nice recovery to 6K and then slowly building up to 20K and beyond. It may take some months or a couple of years, but it will happen!

Gee, I didn't know I am a prophet Grin

Perfect timing Tongue

P.S. This is my 500th post! I will appreciate some merits for the anniversary Wink

Quote from: El duderino_ on December 07, 2018, 07:52:32 PM

Quote from: ivomm on December 07, 2018, 07:18:22 PM

Quote from: ivomm on December 07, 2018, 07:00:27 PM

Gee, I didn't know I am a prophet Grin

Perfect timing Tongue

P.S. This is my 500th post! I will appreciate some merits for the anniversary Wink

via Imgflip Meme Generator

Hey mate gave you my last one.... like your bullishness very much, very much appriciated....
Normal saved that last one for later this evening
Wanted to send it out when i was Total wasted Roll Eyes

Hey Guys CHEERS

Thanks for the last merit, Mic! I appreciate it! You are always optimistic and I learn from you to be calm and enjoy my life! CHEERS to you and all other bulls here!

Getting ready with some popcorns...

This video is hilarious
https://twitter.com/ThomasSchuIz/status/1071801872636395520
Grin

This is the first Wednesday for many months to have a (small) pump instead of a big dump. RSI(14) crossed the 30% after dropping to 10.4% during the fall. A very good sign showing that the price will continue to recover.

This morning I got news that I will get some small inheritance about 0.5BTC Can't wait to get it done and secure the coins in my HW. Let the n00bs continue the shorts play. They will all get rekt soon. Shorts are close to a pannic attack. Each time some big buyer appears, they put a warning sell wall of 1000 bitcoins in BFX. So pathetic! It seems that the price is close to their margin call and if it jumps then they have to buy at least 60K bitcoins. Of course, they will come here and post FUD about going down so that average Joe doesn't buy now. In this way they hope to buy for a long time at this price and avoid the short squeeze. However, they can't suppress the price long enough (not enough sell offers currently) and especially they are afraid of the incoming approval of CFTC for bakkt. It will probably come out in the next few days. Trust me, shorts have red eyes googling each 5 mins for the bakkt news while watching the price! n00bs! Grin

I just made some gif for fun Wink

I was promissed 1000$, but we are still above 3200$. What is going on? Huh

https://beincrypto.com/reminder-confirms-bakkt-bitcoin-futures-contract-launch-on-jan-24/

Quote from: kingcolex on December 14, 2018, 05:22:47 PM

Quote from: _javier_ on December 14, 2018, 05:20:13 PM

I used to "buy" BTC selling mined altcoins, but now GPU mining is over. I cant increase my stash.. and the purchase power is lower every day.

Hard times ahead..

Gotta use them miners as heat, it's the only way to mine with profitability on GPU. I don't see other choices.

Same here. I use my GPU rigs to heat the appartment. In Spring I will shut off the miners, if they are not profitable. The curious thing is that I can buy more bitcoins with my salary than with the rigs before, when it was profitable. I can spend $800 for bitcoins each month. I bought 0.4BTC this month only and now I am waiting for some inherited land to be sold for 2000$. So I will have more than 1BTC this month Wink

Speaking of waiting, this is kinda my thing for everything. I have decided (not now, but during the ATH storm last year) to wait to 2021. If I like the price I will sell some. If not, I will continue to wait to 2025, if necessary. If the price stays that low for years (I don't think this is a real possibility), I will have way more profit at the end, compared to staying at 10K range for years, which is not good enough for me to sell.

I really don't understand why everyone is so bothered by the decline and theoretical losses at the moment. Yes, it is not pleasant for the hodlers, but I don't agree that we will never recover or it will take decades. Let's recall year 2017, how it started. In early January we were close to a new ATH. Then suddenly the bank of China threatened to ban bitcoin exchanges on multiple occasions. The price fell from 1100 to 700 in hours and didn't recover for 2 months. Back then over 90% of all trades were made in China exchanges. Everyone was scared what will happen (including myself). Next we got denial for ETF. Next Bitfinex stopped withdrawals if fiat and suspicions of bancruptcy was in the air. Next Ver wanted a fork (BU). Next we had a fork in August. Next, we had the final ban in China. Next another fork in November was cancelled. Next Ver and Wu sold massively bitcoins to pump bcash. In all these bad news we were about 8K! The only good news CBOE and CME futures helped to reach 20K. So, you are telling me that in 3 years we can't reach again 8K? It is not realistic even if ETF is denied for ever and CW is dumping regularly his stolen bitcoins! Bitcoin market is way more agile and fast forward 10x any other asset. The most logical thing is in Dec. 2020 (after the halvening) to be above 10K.

Is this the first sign of the coming crypto Spring/Summer? Is 2019 going to be like 2015, or even better like 2017? I hope we found the doble doble bottom:

https://bitcoinexchangeguide.com/jay-clayton-optimistic-about-blockchain-and-cryptocurrencies-emerging-investment-landscape/
"Jay Clayton seems very optimistic about the future of the cryptocurrency space. During a testimony that he gave to the United States Senate Committee on Banking, Housing and Urban Development, Mr. Clayton, the chairman of the U.S. Securities and Exchange Commission, said that blockchain and virtual currencies will facilitate capital formation. During the hearing, he emphasized his optimism about the development of distributed ledger technology (DLT). According to what he said, blockchain will be providing new investment opportunities for traditional investors, including institutions."
Shocked

Quote from: TeeBone on December 18, 2018, 11:17:06 PM

.....and the sucker's rally begins

And one more short squeezed n00b here to FUD Tongue

Quote from: Deeyoh on December 19, 2018, 09:49:02 PM

Hardly any shorts closed at all. Just get all comfy and short to your hearts content. LOL Longs have been closing almost as soon as they open. Not a very good sign for an extended bull run.

Quote from: Toxic2040 on December 20, 2018, 08:45:11 AM

Quote from: El duderino_ on December 20, 2018, 08:36:45 AM

And we are there
Safe to bull out of my bed and start the morning

Good f***ing morning WO’s

Good morning bullgoose.

Goodnight.

#stronghands2019

33% rise of the year low 5 days ago is not a short squeeze. It is a short carnage Grin

Practically all short positions opened in the previous week were liqudated. And the new shorts waiting for a correction may only scratch their heads in dismay and try to convince themselves that they will not be rekkt too.

https://www.wsj.com/articles/first-futures-contract-to-pay-out-in-bitcoin-poised-for-green-light-11545301801

According to the Wall Street Journal:

WASHINGTON—The first futures contract that will pay out in cryptocurrency rather than cash is expected to soon get regulatory approval.

“It’s great to have cash-settle, but there’s a need for physical delivery,” said Kelly Loeffler, CEO of Intercontinental Exchange’s crypto business, Bakkt.

Approval for the futures contract is currently being considered by the Commodity Futures Trading Commission (CFTC).

CFTC laws require all US future contracts to be redeemable for dollars, securities or commodities, but it’s understood the commission will make an exemption to allow the Bitcoin futures contract to pay out in Bitcoin.

I think I found the right gif for all shorters watching the price this week and especially those who sold at the bottom:

P.S. That refers also to cockr0ach who sold his bitcoins years ago and bought silver. He is the emanation of a weak hand and near-sightedness. Like the pizza guy. He could have 1000x profit. Instead he has 90% loss from the crash of the silver. And he transforms his head banging into gibberish jew, nazi etc. trolling here. I have no sympathy for such duchebags Grin

Quote from: Cryptotourist on December 21, 2018, 01:50:30 PM

Quote from: Hexah on December 21, 2018, 01:45:23 PM

The suckers rally is on, better to pay attention.

+1
It feels a lot like this ATM:

-10
Sure, 35% in 5 days is nothing. I smell the fear of shorters Grin

Every time I threaten Mr Bitcoin I will buy, the price goes up. Today I bought a little, and after New Year I will get some extra cash and buy moar. Go, BTC, go!!!

Quote from: dandannn on December 22, 2018, 11:14:45 PM

Quote from: ivomm on December 22, 2018, 11:13:11 PM

Every time I threaten Mr Bitcoin I will buy, the price goes up. Today I bought a little, and after New Year I will get some extra cash and buy moar. Go, BTC, go!!!

Are you not worried if the global economy takes a down turn this could effect bitcoin prices?

No, I leave that thinking to r0ach. He is an expert missing 1000x profit opportunity and getting instead 90% loss with that kind of reasoning Grin

I just watched again Back to the Future. I am now seriously thinking of building a time machine in my garage. If you wake up tommorrow and see bitcoin worth $1mil, that's because I went back and bought (mined) millions bitcoins. Don't worry, I am not going to dump all to 0 Tongue

But seriously, what do you think the price will be, say in Dec. 2021? (Hint. In Dec. 2016 the price was 700, in Dec. 2017 - 20K).

Quote from: Lambie Slayer on December 28, 2018, 09:00:05 PM

Quote from: realr0ach on December 28, 2018, 11:22:13 AM

Quote from: HairyMaclairy on December 28, 2018, 07:31:41 AM

Watching the silver price slowly fall back to $6 over the next decade will be even worse.

That's actually a shocking speed in reduction of supply for a resource we actually need, unlike bitcoins which nobody actually needs for anything.

You lying little low T basement dweller, your favorite website(according to you the realest website online) dailystormer.name https://www.ccn.com/hate-pays-neo-nazi-site-daily-stormer-has-raised-surprising-amount-of-bitcoin/ needs and gladly uses Bitcoin for funding because it was censored all over the world by payment processors and metals are too primitive for them to use online. Once again your typical anti Bitcoin arguments are mentally ill gibberish or lies. As we climb to 100k you will sink lower and lower into insanity as I laugh at you Cheesy

Currently many sane people are nocoiners, but in the future the vast majority of nocoiners will in fact be the mentally ill, you are a pioneer of sorts Virgin Roach.

I don't know to laugh or to pity this lost soul COCKr0ach. It reminds me of some guy I knew, who slowly developed schizophrenia with exactly the same symptoms. One day he drowned himself because of his demons. RIP. Regarding this BS statement: shocking speed in reduction of supply [for the silver I guess]. This is either a wet dream or a manipulation lie. There is not even a slightest reduction in the supply and never will be. As for the price, 20 years at least are needed for the bear market to come to a halt. And even then no upward movement is guaranteed. As for the second statement: unlike bitcoins which nobody actually needs for anything. This is so true as to say that men need only food, and money are just useless paper. With that logic, silver is also not needed, except if you want to tie it around your neck and throw yourself in the water, like the guy I knew. May be writing BS posts here is the last step before this painful destiny, I guess. Imagine that - Bitcoin price went from 175$ where it bottomed in Jan 2015 (around the time our scizo-r0ach sold) and reached 20K$ in Dec 2017. At the same time r0ach bought silver because, you know, it is very useful to keep it in his basement. And the price crashed from 45 to 10$. And like a drawning guy catching a straw, he hopes some n00b can be influenced by his scizo arguments and buy silver to become like him - poor and mad.

Happy New Year! Let the new 2019 be bullish as 2017! In Dec. 2017 just when we reached 20K I had a nightmare of 5-6 consecutive earthquakes which destroyed my new house, which I could buy with my bitcoins. This turned to be a prophecy, although I didn't take it seriously then. Yesterday, just 1 year after my previous dream, I had a dream that I bought a green lambo (and I was somewhat dissapointed for its lack of comfort Wink

). I still wonder if the dream means that the next spike will be around my stash equalized to a lambo or to a lambo+house+reserve. Anyway, this would mean that we will have a good year of price well above 10K (and why not above 20K?). #bakkt+etf

Yep, that's my future car Wink

(For now I can only get the toy Grin

) Come on Mr Bitcoin, do it now!

https://www.youtube.com/watch?v=JZXooG8a4bA

CFTC Approves
Bakkt also got its CFTC clearance today and that is a great progress for the company and the future of the Bakkt Exchange.

https://medium.com/itsblockchain/ice-announces-bakkt-partners-457d191cf4da

Quote from: Deeyoh on January 09, 2019, 10:58:37 PM

1000 BTC sell wall on Finex at 4079.. was being eaten so it was pulled. Hmmm, may be going up. Someone really wants the price lower. Hopefully all the weak people already dumped in the low 3k's.

Earlier today I noticed that someone was hitting the sell button multiple times from the local peak of 4160 on Bitfinex. This is not the first time for me to recongize a single seller, rather than multiple simultenous sells. It was at first like a gut feeling, but now it is seen clearly that someone with >3000 (may be >10K) bitcoins is satisfied with this price and is impatient to sell. Same ol' same ol'. It happened so many times in 2018, the worst of which was the insane selling of fake Satoshi (CW) to pump his pathetic shitcoin. I really don't understand these people. If I was an early adopter/investor/miner with thousands of bitcoins, I would never sell for 80% less from the last ATH! This shows weak hands and lack of belief in the future of the king of all decentralized money. Of course, I know that there are miners who have to pay for their electricity bills, margin and futures shorters, etc. All this combined with the lack of good news (ETF) brought us here. But all this will not be enough to hold the price after the next halving, even without ETF. In fact, an early approval in 2019 can cause a pump and dump like in Dec 2017. It will be best if sometime after the next halving when staying at least 1 year well above 10K, the ETF be approved. Then we may witness prices which seem somewhat unrealistic now (100K party, cough, cough Wink

) I don't know for you, but I would like to see and enjoy those flickering ATH's signs everywhere and every day with all my stash intact! (I miss them so much that I am almost tempted to post one of those now Grin

)

May be CW is dumping his bitcoins to try another pump of his S(V)hit, which is steadily heading towards 0 Grin

Or the usual bitmex manipulators - open short, sell on stamp; open long, buy on stamp - bart is their child Cheesy

But somehow, the crooks can't always win. In the end, they get what they deserve (e.g. R. Ver and J. Wu with their flippening... errr, where is bcash now? that's right - ded forever!) The good news is that crooks always lose all their money, while those who patiently accumulate during the sideways breaks, will win the real profit. Honestly, the whales can't scare me with their dumps, nor the trolls with their going to 0 talks. I can always sell the car or other stuff and buy cheap bitcoins. And let the stupid n00bs buy my bitcoins one day above $30K, because they are so smart and sell in bear market and buy in bull market (buy high, sell low Grin

)

Quote from: El duderino_ on January 10, 2019, 05:11:36 PM

Quote from: gembitz on January 10, 2019, 05:09:08 PM

Quote from: d_eddie on January 10, 2019, 05:02:53 PM

Double ladder all closed. The short side also brought some fruits - 0.8% total. Taking a little pause now.

LISTEN TO MY LIPS ===> $25OO BTCCOINS INKOMING' SOON Grin

WEEEEEEEEEEE

eeeuhm eeuhhhm

i suppose your the one with the tattoo's and i'm coming from the rear

Haha, hilarious! I love this movie! gembitz and r0ach are so pathetic - each time bitcoin has a small dip, they feel happy for being a nocoiners and flood the WO with their delusional BS. Grin

The moment bitcoin starts to rise, they dissapear like a flushed shit ----->

Judging how many times last year bitcoin rebounded from 6K, I am convinced that 3K won't give up easily without fight. We may see some bear(s) try to bring it below 3K but even if they succeed it won't last long. And the halving is near, so no point in selling this year. As for me, I got some very good news today. A couple of weeks ago appeared a buyer for some inherited land. I expected the price max $2200, but today we agreed on the price $4200. It remains that some details for the deal to be legalized and in 3 days the money will be in my bank account. Then I will buy with all of it bitcoins, no matter the price. I already bought last month over 0.5BTC, so I don't mind this one year pseudo bear market (I know the whales want my bitcoins but I flip them off). Fingers crossed all goes well! Grin

Weeee! I just got paid $4300 for the inherited land. It was double than what I expected because of some error in my favour of the parameters in the documents. Now waiting for the money to arrive at CB. Then with no hesitation I will hit the button for a direct buy, I love to do that! Grin

I know that this sum is ridiculously small for many in this forum, but I am happy to increase my modest low 2 digit stash with 2BTC in a month. At these prices I could buy with my fucking salary in the shittiest country in the world only 2BTC in a year! My decision has always been to ignore the market pumps and dumps (I am not that good to predict esp. the dumps) and wait 2-3 years for my first sale. I hope to be able to buy a villa at the beach with part of my stash by then. I still have a firm belief that we will make it to 30K-40K range by then. We shall see.

Quote from: LFC_Bitcoin on January 16, 2019, 10:29:34 AM

Quote from: ivomm on January 16, 2019, 10:02:02 AM

I don’t think anybody here criticises fellow WO posters for increasing their stash no matter how big or small it is.
Lots have more BTC than you but I guarantee lots have less too.

Keep buying & we will be rewarded. Congrats to you on the sale & soon to increase your HODL pile

Weeeeeee!

I just bought 1.163BTC! Weeeeeee!

Today's (last?!?) attempt of a bear to cause panic:

Some hungry skinny bear hit 2 times sold in total 4% down. Number of traders following the trend: 0. Gains in term of bitcoins: a negative number. Good luck with the next attempts (a hint for shorters: before opening a short position, take a look at the bids in coinbase, bitstamp and bitfinex, and the total number of shorts - not the best time for a sell).

I don't know how the traders manage to sustain for so long the gap of 4-5% in various exchanges. Now it is down to 1-2% but it will probably increase again when the price jumps. I think that one of the reasons for the regular drops is the arbitrage made by bots. Some say that the exchange owners are artificially doing this. Of course, the closing of the gap is not enough for a several months bull run, but it is a necessary condition IMO.

Ouch! Some bear got burned!

Quote from: mindrust on January 24, 2019, 12:27:51 PM

Quote from: El duderino_ on January 24, 2019, 10:56:22 AM

Quote from: DeathAngel on January 24, 2019, 10:51:30 AM

Quote from: LFC_Bitcoin on January 24, 2019, 10:35:08 AM

We didn’t need an ETF to see the price close to $20,000 so I assume we won’t need one to touch the next ATH. Fuck the SEC & fuck authority. They fear the beast that bitcoin will become.

I hope you’re all buying whilst the price is this low gentlemen!

Now is definitely the time to buy. Think of it this way - Let’s say you have $10,000 in a fiat savings account. It will earn maybe 2% interest per year (if you’re lucky).

There are good & bad times to buy bitcoin. Buying at what seems like the bottom or at least close to the bottom of a cycle after a new ATH it definitely a good time.

Let’s say you put half of that $10,000 into bitcoin now. I think it’s safe to assume that you’re very, very likely to see that money outperform your fiat savings account by a big % 12-18 months from now.

2% of actual increase on top of the 10K, what country, planet are you from..... we have to pay for having a bank account, and probably the time will come we have to pay, to may save money on a/that bank account Roll Eyes

I am getting %3 (after taxes) for my usd here in Turkey. There are banks giving more than 4.5% for USD. 2.5% for Euro. One of few advantages living in a corrupted country.

It is still a risky investment though i am quite happy with the returns especially for a shit investment like this.

I am getting around 200 usd/month just from interest and buying crypto with it. Feels quite good. :d

In 2017 if you bought BTC at $700 you had almost 30x profit. How is 4% interest better than that?!? In 2019 and 2020 BTC will make at least 5x profit starting with the current prices. So for me there is no point keeping deposits in banks for interest. I also had 4.5% interest but widthdrew all of it to buy bitcoins in the Summer of 2017.

Quote from: LFC_Bitcoin on January 25, 2019, 12:34:51 PM

Quote from: Cryptotourist on January 25, 2019, 12:30:44 PM

Forum Suggestion (theymos I hope you are watching):

Merits should have a period to mature. Say 24 or 48 hours.
After that period they become spendable.

If before that period of maturity is over, the one who gave the merit reconsiders for any given reason (i.e. the merited says something like "I haven's seen The Big Lebowski"), then by pressing the un-merit button the given merit would be reversed back to the original owner.

Is this a blockchain forum or what? Cool

Quote from: LFC_Bitcoin on January 25, 2019, 12:27:29 PM

Ok, fuck it. I will tonight

Saved by the bell Tongue

Lol you deserve one for this post.
I’m out of sMerit though

Man I’m bored!

Waiting for my salary (next week) so that I can buy moar:

Watching Bitcoin price these days:

So, I see the gap between exchanges is almost closed (a tiny bit over 1% - not enough for arbitrage trades). The multiple whiplashes from this week and even today show that BTC is heavily underpriced currently. Every bull run starts from somewhere. Bears, be aware, the bulls are coming! Wink

Quote from: El duderino_ on January 29, 2019, 08:39:40 AM

Quote from: HairyMaclairy on January 29, 2019, 07:57:02 AM

I really admire the stoic nature of you hodlers. Hardened veterans all.

We are just the CORE hodlers in here

You know, it is impossible to create an asset such that every one makes profit indefinitely. Those who hodl BTC for years always make profit on behalf of those who follow the daily trend. BTC growth is way more predictable than any fiat or precios metals which nobody knows what the supply and demand will be in the future. So, most probably metals (poor r0ach lol) will go nowhere in 10 years, while BTC will have 2 halvings+many coins lost+mass adoption+institutional investors (ETF or no ETF Wall Street will find a way to enter the real market). For that reason the best strategy is to accumulate and hodl like a deposit in a bank with a guaranteed interest of 10x (most probably >30x in 10 years). Of course this exponential growth will stop one day, but I am absolutely positively sure it is not today, nor any day in the coming months (unless we jump to 300K which is not credible). I believe that we are in another cycle like the previous 10$-2$; 100$-20$; 1000$-200$. I guess we will have another cycles like 50K-15K, 100K-30K in the coming 10 years. Let's keep our health and we will see it for sure!

Hurry chart reading n00bs to sell your last BTC, before the next bull run starts! You have only a few days to do that! Hahaha, I would love to see your faces when we recover to 5 digits! Grin

Alright, salary time! 5 mins later: Initiating 470$ transfer to CB to buy BTC! And this is 2 weeks after buying BTC with 4300$ for the porperty sell! It is painful to watch the bear market, but one day I will be happy that I was buying and not selling anything!!!!!! Wink

Actually, if we go lower than the last bottom, I will sell my VW CC and buy some more BTC's. In 2 years I will replace it with lambo lol

Quote from: hisslyness on January 31, 2019, 11:39:01 AM

Quote from: kingcolex on January 31, 2019, 11:24:27 AM

I started to take the inverse of my dad's opinion on Bitcoin. He is super mainstream and listens to all the media, at $20k he was Mr. hodl and all the way down he said it was going to $50k next month. He stopped talking about it, I assume this means he thinks it's dead. This is the biggest buy flag I have ever had. Buy buy buy

Just bought 0.1BTC at these prices... bargin!

And I just bought 0.136BTC ---> straight to my ledger nano s Cheesy

Quote from: kingcolex on January 31, 2019, 01:07:46 PM

Quote from: ivomm on January 31, 2019, 12:29:55 PM

Quote from: hisslyness on January 31, 2019, 11:39:01 AM

Quote from: kingcolex on January 31, 2019, 11:24:27 AM

Just bought 0.1BTC at these prices... bargin!

And I just bought 0.136BTC ---> straight to my ledger nano s Cheesy

How is the ledger? I have been looking into one, I have a Trezor but I like the massive shitcoins support of ledger.

I don't like it. The last firmware updates were pain in the ass. They require win 8 at least, on win 7 they stuck and the device looked bricked (but it wasn't). I found a way to make them complete with win 7 safe mode but it was a very annoying process.

Quote from: Pamoldar on February 02, 2019, 01:13:55 PM

Quote from: bitserve on February 02, 2019, 01:01:30 PM

Quote from: kingcolex on February 02, 2019, 12:48:42 PM

Quote from: El duderino_ on February 02, 2019, 12:43:17 PM

Quote from: Pamoldar on February 02, 2019, 12:40:16 PM

Quote from: HairyMaclairy on February 02, 2019, 12:29:22 PM

Next bottom at $40k sounds reasonable

Yeah when high is a million

Don’t go retarded ...... +- 240K or something Roll Eyes

I'm expecting $50kish as the high, y'all expecting extremely gains run after run.

I will be ok just breaking the previous ATH. You guys are all way too bullish.

I will be ok with even $15k+

If we extrapolate the run from 200$ to 20 000$ in just 2 years, we get indeed 300K$. The market cap will be around 5.4 tril which gets closer to the gold's - I think it is around 7 tril. Winklevoss twins believe bitcoin will pass that cap. Now, we are in a position that everyone heard about Bitcoin, but only a few bought in 2017 euphoria. There are 18 mil coins in circulatioin, of which at least 3 mil are lost (probably the exact number is much higher, but let's go with that). At the same time there are tens (or hundreds) of millions of people who can afford to buy at least 1 bitcoin but still are hesitant.

Now, the question that excites everyone is what the price will be in Dec. 2020, after the halving in May 2020. Comparing with 2016 the rise from the bottom was 5x, so we get a price of 15K$. We can get to that price even this year, if bakkt starts and paves the way for an ETF approval. However, I don't bet on that. The interesting part is whether the people will be afraid of another crash like in Dec 2017, when we reach 16-18K area (of course 10-12K will be the first major resistance). I am sure we will have at least one 40-50% crash, probably multiple, until we finally break the ATH. I expect that to happen by natural growth in the Spring of 2021 or when ETF is approved, whichever comes first. Having said that, I am not a fan of ETF pump euphoria. It may cause a quick pump and then a big dump like the futures did. Without the futures, we probably would have ended 2017 sub 10K, and avoid the crashes that followed.

Quote from: El duderino_ on February 02, 2019, 02:24:47 PM

^
Still 2021 seems a far away prediction brother

This is for me the worst case scenario based on a comparison with the previous halving bull run. I hope we will see those flashing ATH signs on charts much sooner than 2021. Grin

https://ethereumworldnews.com/bitcoin-halving-trigger-price-growth-prominent-trader/
...
the analyst claimed that as “Bitcoin has traditionally started pumping around one year on average before it’s halving date.” And as the next issuance shift is slated to occur during May 2020, BTC could begin trending higher in May.
...

Quote from: LFC_Bitcoin on February 06, 2019, 06:50:59 PM

Quote from: _javier_ on February 06, 2019, 06:43:04 PM

When we were reaching 400 usd in 2014... and we have to deal with daily NotLambChop coyote gifs.. i dreamt of 3200 usd.. so unreachable!

Now that we went to the moon and back, i can only dream of next trip.. will it be to 120k, with stops at 40k..60k?.. time will tell.

Good things come to those who wait.. (i hope we dont starve in the meantime) Grin

I remember those times brother. He was a professional troll, mocking us every day. Posting old guys sucking each others dicks etc. He/she was annoying AF.

I think the high of the next cycle will shock us all. I need to be prepared to sell some tgis time to achieve my life goals though. I still haven’t worked out at what figure I’m happy to sell some yet though Cheesy

I've been thinking the same thing recently. But how one can be happy to sell some significant chunk and see in several years a 100x increase? This will be more devastating than going through the bearish 2018. Those who sell now are the worst losers. They either believe they will rebuy it cheaper (is it worth to risk for another 10-20%?!?) or completely lost the faith that Bitcoin will recover to 6K for starters. Trolls are laughing at us when we speak of reaching again the ATH, but it can and it will happen again! It is possible, although not looking realistic today, that in 2 years even the 100K party dreamers to be schocked when Bitcoin reaches 200K. For me the worst Bitcoin can do is to reach the 20K after 2 years. It looks more probable from today's perspective, but who knows what will happen in reality?!? I don't want to be left behind by selling before 20K. It will be a real struggle, but if I don't need money, it will be better to wait even with the risk of seeing another crash.

https://www.coindesk.com/someone-is-impersonating-bitcoin-futures-platfom-bakkt-to-raise-money

Quote from: El duderino_ on February 08, 2019, 11:07:43 AM

The next bitcoin halvening is in ~472 days.

Currently 1800 new coins mined everyday.

That will be cut in half to 900 with an 1.8% inflation rate.

Why does this matter?

It marks the date when bitcoin becomes less inflationary than central banks annual rate target of below 2%.

https://twitter.com/AlecZiupsnys/status/1093568234647887876

The launch if the Bitcoin Network in 2009 was a global earthquake.

Now is time for the tsunami.

If the previous halvenings led to 100x increase of price without institutional investors, imagine what will happen if they come. One of the biggest ETF companies in USA stated recently that they expect at least 10bil investment in Bitcoin ETF per year. And this is only one company. At current prices that would be 2.8 mil bitcoins! When (not if!) bakkt is approved it will surely lead to an ETF approval may be this year. After all, bakkt is initiated by NYSE and the ETF is initiated by CBOE. It is not a coincidence that after the refiling of the CBOE ETF proposal, SEC created a new crypto division to study the ledger technology and to see that there are no gaps in it. According to some lawers this most probably means that they intend to give an approval based on a positive report about the distributed ledger technology. So, while the small fish dump their precious bitcoins in the daily trade, they will miss the shocking explosion in the price in the coming 2 years. We shall wait and see. Wink

Edit. There is a new tweet by Hester Peirce confirming the leaked interview by the Democrat SEC commisioner P. Jackson about a coming ETF approval.
https://twitter.com/HesterPeirce/status/1093604854709264384
Also lets recall a recent interview of J. Clayton:
https://bitcoinexchangeguide.com/jay-clayton-optimistic-about-blockchain-and-cryptocurrencies-emerging-investment-landscape/
...Jay Clayton seems very optimistic about the future of the cryptocurrency space. During a testimony that he gave to the United States Senate Committee on Banking, Housing and Urban Development, Mr. Clayton, the chairman of the U.S. Securities and Exchange Commission, said that blockchain and virtual currencies will facilitate capital formation.
During the hearing, he emphasized his optimism about the development of distributed ledger technology (DLT). According to what he said, blockchain will be providing new investment opportunities for traditional investors, including institutions.

This I saw in real time in BFX (3671 peak):

What is so special about this price (3600$ Bitstamp and 3700$ Bitfinex) that we sit here for 1 month?!? Is this some major resistance that will turn the tide or what? What are the buyers waiting for - another bart? It is silly and greedy to wait with cash for a few % more at this ridiculous price. Well, at least the buy support to 3200$ increased significantly. Do these "buyers" realy believe their bids will be fulfilled:

Quote from: Toxic2040 on February 12, 2019, 12:22:44 AM

Game over man..support level broken..back to the bear channel we go.

Or not. I wouldn't call it even a half or 1/4 bart haircut yet Grin

The 3600$ support of Bitfinex is a pain in the ass for the n00bs on bearstamp Wink

The 3700$ resistance is weakened now.

I am afraid dear hodlers, that soon we will have a big problem! No, I am not talking about a crash! I am talking about going above 10K. Last time some of us (like me) didn't sell anything, but what will you do, when we hit 15K-ish zone again? I am just curious (this may be kinda of a new poll), if you have any strategy? Hodl all, sell 1/3, sell 1/2, sell all, or other. I am pumping up myself to hodl everything until I reach the right amount for a nice beach villa, new car and savings equivalent to my salary before my retirement after 20 years. Hopefully the property will be paid with BTC, so I may not sell BTC at all Grin

So far, I have only one strategy for BTC:

Quote from: mindrust on February 15, 2019, 10:26:07 AM

I am almost there to my 5btc aim. Next stop is 10btc but I don't think I will be able to get there in a reasonable timeframe before the next bull run.

I showed you my 1 year btc buys before and this is my whole history:

(never sold a satoshi since 2016)

I hope the accumulation phase lasts at least 2 years this time.

I mean I can buy 30 btc right away but no. I'll dollar cost average the shit out of it.

You certainly are over-cautious in buying BTC. If you went all in 2016, by the end of 2017 you could had been a multi millionaire. I started buying at the end of 2016 although I watched the price since 2015. Back in 2015 I didn't know much about BTC, I didn't think of buying at all. I just started mining ETH with gpu rigs. I sold all for BTC before the big ETH rise to 450$ unfortunately. I made a lot of mistakes until mid 2017 when I went all in with my savings. I could had over 40 BTC if I wasn't shaken by China's bans and the forks. However, these first negative experiences made me firm to hodl and I endured all crashes since the Sep 2017 until now. I learned to appreciate BTC more than the gold or fiat. Playing with my precious BTC's in a daily trade is a no go! My "successful" trades in 2017 led to the missed opportunity 3x since 1000 to 3000$. Now I even used 3/4 of my credit card limits and I am converting all my salary into BTC. For me the best strategy is to hodl until I get at least $1-2mil (hopefully 4-5). My first goal is to reach 20BTC not by trade but by buying only. Whether the price will stay here or go up is of no importance to me, since I can buy directly or mine 1.5-2BTC per year. I am not happy with my current stash, which is only 16BTC, but by the end of 2020 I should be able to reach the 20BTC goal. I am still working on a plan what to spend and for what. On top of my list is a first line beach villa, then a new car, travelling around the world, and charity for homeless and sick children. A 100x from now should be enough for that Grin

Yes, it is close to the gold market cap, but if the gold went there without average Joe, mainly institutions, why not BTC go there with mass adoption and a little inst. investors? It is quite possible in the coming years and guaranteed for a longer period of time!

The next 24 hours are critical as always. If we keep the momentum, a breakout above 4K is possible. This will comfirm that we are in a bull market. Longs are pretty high and shorts are low. The support down to $3K is double than the previous 2 weeks - in BFX went from 6K to 11.2K BTC. We didn't have a rise this week, so a breakout is more probable than a long squeeze. We shall see.

Quote from: El duderino_ on February 17, 2019, 12:08:01 PM

When 5K - 17 April 2019

When 7.7k - 15 June 2019

When 10k - 13 Aug 2019

When 15K - 1 Sep 2019

When ATH break - 7 Oct 2019

Exact dates please

Roll Eyes

I have a gut feeling that CBOE's ETF will obtain a green light.

Otherwise, I expect ATH break on 7 Feb 2021.

Quote from: Arriemoller on February 16, 2019, 01:24:23 PM

Quote from: ivomm on February 16, 2019, 01:10:44 PM

Give it a rest, we are going sideways till Q4, get used to it.

And you were saying??? Technically, the pump started within the 24 hours period and the breakout of 3.6 (3.7 BFX) opens the doors for 4k. At the moment of writing this post we were below 3.6 (3.7 BFX).

Watching the price now and listening to the music of the throne room in Star Wars ep. IV: Wink

https://www.youtube.com/watch?v=iH6a1iYQ0GA

Quote from: ivomm on February 16, 2019, 01:10:44 PM

OK, I don't want to brag with my trading skills, but this was a precise hit! Btw, I always like to watch BFX price - it is more bullish than Bearstamp. And we just broke 4K on BFX!!!

Quote from: kingcolex on February 18, 2019, 04:45:22 PM

Quote from: ivomm on February 18, 2019, 04:43:16 PM

Quote from: ivomm on February 16, 2019, 01:10:44 PM

OK, I don't want to brag with my trading skills, but this was a precise hit! Btw, I always like to watch BFX price - it is more bullish than Bearstamp. And we just broke 4K on BFX!!!

They're always $100+ aren't they fake news and a risky exchange to use?

Of course they are risky. I trust only kraken and CB for fiat withrawals. But the fact is that BFX starts almost all pumps and it is more fun to watch than the dull Bearstamp.

I think that today's increase may be a corner stone for the coming crypto Summer:
1. It happened not because of some individual trying to pump the price, but because of the inability of the price to go lower.
2. The fears of some and hopes of others to test the bottom at 3.2K area were extinguished. Gembitz's "Weeee" is turning into "Noooooooo".
3. Bitcoin is too powerful and there is no manipulation, bad news or whatever that can hold its increase for long.

Quote from: samson on February 21, 2019, 12:37:52 PM

I'm hoping for a big dip, a retest of 3600 would be most welcome Shocked

Although it is possible, recent lack of sell pressure hints that bulls are waiting for the support bids to move upwards. There are no more 10-20% drops like in 2018 - almost every other day. Speaking of volume, for Jan-Feb we have around 2mil traded BTC's (https://data.bitcoinity.org/markets/volume/2y?c=e&r=month&t=b). During this period the price went from 3.1K to 3.9K - a similar rise we had in August 2017. Then however, the volume was 5mil, i.e., 2.5x than the current! This shows that BTC was extremely heavily pannic oversold and now there are not enough weak hands to keep the price down. So now the path to 10K and beyond is 2.5x cheaper for the bulls, compared to 2017. The contrast of the needed volume for such increases is underlined by the fact that since Aug. 2017 additional 972000 BTC's were mined! And one more thing. Some are comparing the gradual rise in 2015 with 2019. But many investors will prefer to overtake the expected rise in Q4 and start investing now or in the coming weeks. Plus, there are estimated at least $10 bil institutional money that wait either for bakkt, fidelity or ETF to enter the market. Soon BTC will be in the news again and all n00bs will be shocked to see the price revisiting 20K again. Everyone that was buying above 15K and selling below 10K will regret for not hodling!

Quote from: sandra_x on February 22, 2019, 12:06:10 PM

I see bitcoin breaking the 4100-4200 usd resistance level before the close of this month.Unlike the previous pumps and dumps,there is significant growth in trade volume,consistently trading about 9 billion daily ( assuming exchanges are not "wash trading").

4.8K is the historic (Aug 2017) resistance level. I expect BTC to reach that level (at least on BFX) by mid-March.

There was recently an article in the most respected financial journal in my country about bitcoin, crypto currencies and mining. The curious thing is that this article is ahead of the laws about the possibilities of direct buying with bitcoins. It says that if a person bought bitcoins years ago and didn't trade them, just holded as savings and one day he buys directly an asset for personal use, not for further trading, then that person is free from taxes and is not obliged to declare anything, just to be able to prove that his buying is thanks to the raised buying capability of his bitcoins. This puts on equal grounds bitcoins with fiat conversion (and it is given an example with buying with Euro - British Pounds and buying with them later something). The problem is that in my country still can't be bought an asset like a house or a car directly with bitcoins. So far, as I know, if I transfer money from an exchange to my bank account, I have to declare it and pay taxes. But it is a matter of time when the legislation will allow an official direct buy of a house and I won't have to pay 10% profit tax, which is valid currently. So, I prefer to wait and use my precious bitcoins for direct buys, rather than this tedious going through fiat and bank accounts. Moreover, in my country and one neighbour country almost simultaneously were discovered massive thefts of clients money from bank employees. Go prove that you didn't participate in the plot and wait for the court to return your money. Blahhh!

Quote from: machasm on February 23, 2019, 01:28:40 PM

Quote from: Saint-loup on February 23, 2019, 01:01:47 PM

Quote from: StartupAnalyst on February 22, 2019, 04:33:54 PM

Find the Ethereum ticker on the screen of this Galaxy S10. It makes me happy!

Well, seriously, I would be more pleased with the BTC ticker. Roll Eyes

here it is

https://www.coindesk.com/hands-on-preview-of-samsungs-galaxy-s10-phone-reveals-new-crypto-details

Anybody here getting one?

But what do you do about your private keys if you lose your phone? According to the T&Cs, the private keys stored in the S10’s Keystore are backed up in a personal account provided by Samsung. If the phone is lost or stolen, users can access the device and delete the private key through its Find My Mobile service. Further, if a private key is accidentally deleted, users can restore it via the service.

Centralizing key storage in this way is bound to raise questions about security and it remains to be seen what would happen if someone gained access to your Find My Mobile service and if Samsung might provide further protections.

.......

In other words, keys are stored in a cloud that potentially can be hacked. I wouldn't use it as a replacement of a HW of course. May be just for micro payments. Anyway, this is good news in terms of mass adoption. Next step is to be able to buy directly in Google Play or Apple Store with Bitcoins and ETH.

Great win for Barcelona and now this pump! CCMF!

Quote from: bones261 on February 23, 2019, 06:14:16 PM

Nice green candles to go on top of my cake on my special day.

Happy Birthday bones!

1185BTC buy wall spotted on Bitfinex. Bulls are back! Bears, crawl back to your caves!

Wow, that was brutal. Just finished my lunch, and started watching MU vs Liverpool, when this shit happened. What was that - some hodler/miner who waited for 1 month to return to above 4K area to sell thousands BTC? Or someone feels too powerful and continues to manipulate the market? Anyway, that n00b(s) registered 10% loss. Let's punish the n00bs by BTFD! Next week I will get my salary and buy moar.

Yesterday's dump was because of some miner who transferred 2500 BTC in Bitfinex and sold directly. He was not a trader, because a several hours earlier, he could have sold to an ask wall of 1180BTC at 4230$. This guy clearly went above the electricity expenses and decided to take his profit. May be he read the old news article: https://coinnounce.com/cryptocurrency-regulations-in-china-the-journey-and-the-current-status/
When Chinese n00b miners read about the incoming ban (it will happen very soon indeed), I imagine how nerveous they get to sell their precious BTC's only to be able to pay the electricity and other expenses. I hope this year we will lose forever those weak hands and be able to recover in the ATH area at least. But even if these imbecile dumps hold us for another year, after the halvening we will shoot to the moon!

Quote from: kingcolex on February 25, 2019, 10:55:33 AM

Quote from: nutildah on February 25, 2019, 10:54:17 AM

Quote from: ivomm on February 25, 2019, 09:56:41 AM

Can I ask where you got this info from?

Obviously where we all get our information from, rumors and straight out of our asses.

I get this info from the same source Lambie gave:

Quote from: Lambie Slayer on February 24, 2019, 06:18:39 PM

https://www.reddit.com/user/kippysmith1231

16 minutes ago
"So far, we have no reason to believe that this means that our uptrend is over. As far as we can tell, this sell off was mostly one whale market selling off 2500 coins, which you can see being transferred and then immediately spent here:

https://snag.gy/nk8rRM.jpg

This triggered a lot of stop losses, and since we were at the top of our uptrend just below resistance, there were plenty of people happy to follow along and short it.

However, we have found support at the bottom of our current upward channel trend."

Edit. For some reason I can't see anymore the post in reddit. May be it was deleted. Yesterday I saw the addresses and the times of transactions. Everything matched perfect. I never use false numberes like n00b trolls here, FYI.

Quote from: LFC_Bitcoin on February 25, 2019, 10:16:08 PM

Quote from: Last of the V8s on February 25, 2019, 10:08:04 PM

Is it me or does 'cunt' actually give a bloke too much power or agency when one calls them that?
A 'cunt' has actually damaged you in some way, or he really goes about hurting people.
Whereas a 'twat' is just useless, fannying about flapping his lips ineffectually.
Probably it's a regional/UK distinction. Anyway, food for thought.

I just like the word. Besides I still think he & his ‘Satoshi’s Vision’ cronies made the price go lower than it should have done due to selling copious amounts of BTC at regular intervals to crash the BTC price & fund their shit show.

As we fell from $6,000 so quickly I was literally having sleepless nights worrying & I hold that twat partly responsible.

There are too many "coincidences" when an SV pump is preceeded by a BTC dump, including the last from Sunday. The question that puzzles me is why CW and his sockpuppets need fiat, when they can pump SV directly with BTC? It seems that CW is so delusional to think that he single handedly can pump SV above BTC, like the bcash flippenning. Of course, only a lunatic can believe this might happen. It is one thing to lie about his identity to hide the theft of 300K of his misteriously killed paralyzed friend, and another to actually believe his own lies. His recent actions - the fork wars and the letter to CFTC are signs of a schizo state of mind like to believe he is a teapot, or in his case Satoshi. I still want to believe that the recent dumps are not caused by him, and some of them surely aren't. But if he really dares to declare a war to Bitcoin, he will lose that war. Like the insane Smeagol (Am-gul ) from the LOTR, his name and fork will burn and be forgotten forever!

Quote from: Saint-loup on February 26, 2019, 02:45:30 PM

Dubai’s Property Giant has confirmed they sent an email to their agents which says property purchases can now be paid in bitcoin or eth through Bitcoin Suisse.

The email itself, forwarded to Trustnodes, is titled: “Buy Emaar Properties using Bitcoin and Ethereum.”

https://www.trustnodes.com/2019/02/25/emaar-confirms-email-to-agents-on-bitcoin-and-ethereum

Emaar Properties is best known for developing the tallest building in the world, Dubai’s Burj Khalifa.
In 2018 the company handed over more than 51,800 residential units across the world while more than 29,800 residences are currently under development in the UAE and over 17,500 units in other parts of the world.
Last year Emaar Properties recorded around US$7b in revenue.
https://micky.com.au/developer-of-worlds-tallest-building-now-accepts-bitcoin/

This is a fresh example that trolls like r0ach are not right that virtual currencies have no application in real life. Anyway, I wonder how long it will take for each country to allow direct purchases of property with Bitcoins. I think that if Bitcoin is not officially banned in a country, than there should not be legal obstacles. Thus it remains only that the merchants give such an opportunity for the potential buyers. This raises the additional question of whether such purchases will be tax free. It is a complicated issue, but at least in my small country, if I buy directly with bitcoins some asset (for now I don't have info for such property deals), then I don't have to pay a tax. The only thing is that I should be able to prove that I am not a trader but investor in Bitcoin and the asset is for my personal needs, not for trade. (Just like with fiat currencies, which have greater value in time.) This principle of equality between fiat and Bitcoin should be in each country, I think. This is important, since everyone now pays various taxes for transferring fiat into bank accounts. In near future, everyone should be able to buy property and cars directly with Bitcoins, thus saving taxes. So the Bitcoin whales won't need to sell thousands of Bitcoins and paying millions of $'s tax. The impact on the market in the coming years may be huge. Wink

Quote from: vroom on February 27, 2019, 10:18:23 AM

where did this massive volume came from at the end of 2016? will this happen again in the next bullrun?

From China's exchanges with 0% trading fees. That volume was completely fake. Speaking of volume, currently it is very low. On Bitfinex it is around 5.5K BTC's in the last 24 hours. The lowest this year was 3-4K. On Bitstamp, Binance and Coinbase the volume is around that or even higher! Considering that most miners are looking to sell for fiat, they will choose Biftinex, which has higher prices. Miners will prefer however, to withdraw once per month if the amount is less than 1mil us. Thus they pay lower fee (0.1%), otherwise they have to pay 3% fee. Since every day 1800 new Bitcoins are mined, if all go to Bitfinex, they will form 1/3 or even 1/2 of the daily volume. The halvening will triger the volume higher than the volume in Q1-Q3 of 2017 after China's exchanges were forced to place trade fees. That volume was 2.5-5-10x the current volume. That's why the halvening in 2020 will have a huge impact on the price.

Quote from: cool4y on February 28, 2019, 08:43:14 AM

Quote from: kenzawak on February 28, 2019, 05:18:08 AM

That's a pretty accurate summary of those fake coins Grin

Bcash SV crashing hard now, despite the pathetic pump tries of this cunt! When the trio CW, Ver and Wu started the war against Bitcoin in 2017, I was sure we will see soon the devastation of their wealth. Every evil will be punished! At the same time Bitcoin hold its position above 3K, and all signs show that 2017 bull run is only a hint of the real bull run which is coming. Life is good!

If we are going to replicate the 2015 year, then by the end of 2019 we should be at least double than the bottom, i.e., $6400, which was the 'boring' price of 2018 for many months. Of course, there are always news or unpredictable sells of manipulators which can harm the price. I am mentally prepared for the worst scenario and I will continue to accumulate. The question is until when? For me personally, the exact usd value is of no imortance. I will hold for the years to come, may be until 2021, or even 2026. By then the merchants should offer prices of property and cars in Bitcoins, so I can spent a portion of my stash to buy something. Bitcoin is here to stay for sure, so I am not afraid in long term investing. I remember 6-7 years ago, when I was very glad to put my savings into 5% interest deposit in the bank for 5 years. These years have passed pretty fast, and in 2017 I terminated the deposit 1 year before its end, to buy Bitcoins. If I could happily wait 4-5 years for a 5% gain, why not wait 5 more for, say 1000-10000%? Yes, I can and I will do it!

I just bought with part of my salary 0.1BTC.

I just watched this new video of Lambo aventador and F 35. Of course Lambo in green is the way to go! Epic!

https://www.youtube.com/watch?v=viW44cUfxCE&feature=youtu.be

I felt so bored today that I made this: Grin

Jesus, I have never seen so low volume! Bitfinex 2.15, Coinbase 3, Bitstamp 2.65. Let's pray that the 1.8K newly mined Bitcoins today won't be dumped on BFX.

Quote from: HairyMaclairy on March 03, 2019, 11:53:31 AM

Well there is ice where Mic & Queen are going so that’s a start.

I’m trying to work out whether $3808 is a more exciting number than $3806.

You jinxed the bull run. Now we are down to $3805! Grin

Quote from: kingcolex on March 04, 2019, 02:07:20 PM

What the hell happened to the price? When did we drop $100?

Yesterday's BFX volume 1.8K BTC's. Other exchanges similar. Daily mined BTC's 1.8K. I think the answer is obvious. Wink

In 2015 BTC hit the bottom $175 and rebounded 5 times from $220. So far in 2018-2019 we've had a bottom at 3122$ Bitstamp (3200 BFX) and 1 rebound at $3330 Bitstamp ($3400 BFX). If the volume stays that low, we will probably see the same pattern several times (up to 5). The only way to breach $3300 support is some bad news like the fork in Nov (actually, the news wasn't relevant but CW and his shills dumped hard BTC, to show muscles. They are already crying in pain for their lost wealth.) On the other hand, some good news are expected this year, so there is bigger chance to avoid this ping-pong pattern and shoot for 10K at the end of the year.

There is a certain probability that the hard won $3700 resistance a week ago, turns out to be a solid support from now on. At least it held yesterday, which is a good sign. If this is so, we are definitely forming the next bull market with higher lows: 3100->3300->3700. And if the bulls hold this line, then soon everyone will be convinced that 2018 bear market was just a small hindrance which will be overcome really fast. Otherwise, we will have to endure the pains of 2015 pattern and have multiple bounces of $3300 area. Anyway, the time for accumulation cheap coins will be less than a year.

Quote from: bitserve on March 05, 2019, 09:21:09 AM

Quote from: serveria.com on March 05, 2019, 08:45:06 AM

Quote from: ivomm on March 05, 2019, 08:36:57 AM

There is a certain probability that the hard won $3700 resistance a week ago, turns out to be a solid support from now on. At least it held yesterday, which is a good sign. If this is so, we are definitely forming the next bull market with higher lows: 3100->3300->3700. And if the bulls hold this line, then soon everyone will be convinced that 2018 bear market was just a small hindrance that will be overcome really fast. Otherwise, we will have to endure the pains of 2015 pattern and have multiple bounces of $3300 area. Anyway, the time for accumulation cheap coins will be less than a year.

Many peeps don't realize it but everything below the previous ATH is cheap. My prediction is 6k by summer, 10-15k fall and at least 40k in December 2019 so yes you only have some 8-10 months to stock up.

40K this year? Not gonna happen.

I also think that 40K this year is a bit unrealistic from today's perspective. But let's recall early 2017. Everyone knew that the bull run from 400 to 1000 was fake. China's okex and other exchanges with 0 fees was the reason for that (I think they had >95% of the total volume). When the news of China's ban appeared, everyone was sure the bull market is over, and the price plunged back to 700-ish area for several months. How and why we reached 7K only 7 months later, I have no explanation. Multiple bad news were damaging the price: BFX problems with the banks, ETF hopes shattered by SEC, BU fork which didn't succeed thankfully, the August fork that scared some, Sept. China's ban again, Nov. fork that was cancelled, the huge dump of CW, Ver and Wu with the delusional hope of flippening. After that the only good news came about the futures, but the price was already near 10K by then. So, theoretically everything is possible, even 10x increase in the price. Let's not kill that hope. Who knows what will happen? The bull market may not be clearly visible now, but in early 2017 it was even more obscure.

21 is a good number to hodl. With my peanuts salary, I will need at least 2.5 years to reach this goal. But I am all in, and I have never regretted it. Although I am 20% below my main investment point, I have no doubts about the final profit. The only thing that I regret is that instead of building rigs and just watching the price 280-330-400 in 2015-2016, I should had bought then. Anyway, the rigs compensated for my loss, as well as several trades in early 2017. And I have almost free heating for the winter as a bonus Grin

So I am OK mentally if the price goes south - I can buy more. If the price goes up, I will get some profit from the rigs, so the total amount of BTC remains in 2-coins per year area.

https://bitcoinist.com/gemini-backed-bitcoin-interest-account/

6.2% annual interest for a Bitcoin account sounds appealing. The idea is good and may attract many investors. But what if BlockFi turns out to be the new Bitconnect? Who cares that it is backed by Gemini?Any thoughts on this?

Quote from: nutildah on March 08, 2019, 06:45:45 AM

Quote from: JayJuanGee on March 08, 2019, 06:35:42 AM

Quote from: vroom on March 08, 2019, 06:27:57 AM

w00t, 4k broken on bitfinex

edit: bitfinex is much more pleasant then bitstamp, the prices are hodler friendlier their. Grin

We don't use bitfinex here.

I see that you have heard of bitstamp... right? Tongue

I still don't understand what keeps Bitfinex steadily above the other exchanges by about $100... I know they are the biggest Tether exchanger, but it seems like people should have been able to find non-USDT ways to arbitrage their price down to an equilibrium after all these months.

Current prices

Bitfinex: $4003
Bitstamp: $3893
Kraken: $3895
GDAX: $3897

Huh

something doesn't add up here

The arbitrage with Bitcoin to fiat is very risky. First, Bitfinex is nothing like the US exchanges (which are under the supervision of SEC) and is known with their "hacks" and "bank problems". This means your money can be stolen and you can't do anything about it. Second: if you buy at Bitstamp and transfer the Bitcoins to Bitfinex, you have to wait several hours during which time the price may dip. And finally, you are allowed to withdraw fiat only once per month a sum less than 1 mil$. Otherwise, you have to pay 3% fee. And since USDT is traded 2% higher than the USD, you are not able to withdraw on a profit USDT. Speaking of arbitrage, it is better to use ETH or other alt, because they are faster. But the premium is smaller, I think 1.5%. Anyway, it is not worth the risk IMO.

Edit. This does not mean that there are no people who take advantage of this arbitrage possibility. I am sure most of the miners prefer to sell in Bitfinex to have a bit bigger profit. And since the volume is very low recently like 1.8K for a time last Sunday and 6-7K like today, this may have a significant negative impact on the price. If the price is the same, not many miners will risk to use Bitfinex. So for me, the sooner this gap is closed, the better.

Quote from: JayJuanGee on March 08, 2019, 05:24:13 AM

I'm currently thinking three scenarios that would get us out of my own personal consideration of this current bear market and into a conceptual bull market.

1) BTC price rises above $6k and stays there for at least two months

2) BTC price rises above $4.5k and stays there for at least six months

3) BTC price does not break below $3,320 for at least one year

Anyone going to label my tentative "getting out of a bear market and into a bull market" conditions ridiculous?

First of all, Bitcoin is in a bull market since the beginning in 2008-2009. For a truly bear market we can talk if the prices are lower 20% from the ATH after 10 years or more (this is the case with gold and silver, which are nearly 10 years much lower than the ATH - the so called "secular" bear market). What we have with Bitcoin is a partial case of a cyclical bear market that can last up to 4 years because of the halvings. The actual length of the cycles is much less than 4 years - so far 1 year tops. And even if we use the term "cyclical bear market" we won't be 100% correct, since the other conditions are not fulfilled: widespread pessimism and negative investor sentiment (which actually define the bear market). The reasons for the dips and crashes may be multiple (MtGox dump fear, fork fear, etc.). but are not relatable to the future of Bitcoin at all. What happened in 2015 and 2018 is the most common falling wedge pattern, which is part of the bull market: (https://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:falling_wedge_reversal)

"The Falling Wedge is a bullish pattern that begins wide at the top and contracts as prices move lower. This price action forms a cone that slopes down as the reaction highs and reaction lows converge. In contrast to symmetrical triangles, which have no definitive slope and no bias, falling wedges definitely slope down and have a bullish bias. However, this bullish bias cannot be realized until a resistance breakout occurs. "

So, at some point this year, we will break out from the falling wedge pattern and resume the bull trend. All we need is more volume so the break out will be defended.

Quote from: BTCMILLIONAIRE on March 09, 2019, 08:49:27 AM

Quote from: Arriemoller on March 09, 2019, 08:23:45 AM

Seems like being a teacher at American universities isn't very lucrative (this guy is also my favorite you tuber). https://www.youtube.com/watch?v=s7lGCPX_8nc

Neither is it in Europe. Normal teachers earn some 2k Euros a month. And tenured university professors earn much more, but also only 80k Euros per year. Laughable if you consider their training and the fact that they pioneered the majority of cures and technologies.

Going to put the video on my evening playlist, looks interesting.

This post reminded me that in this life there is no justice, nor God's care for the people. In my first year as a University assistant my salary was 4.5$ per month in the midst of hyperinflation in Bulgaria, and now it is only 800$ as full tenure professor in mathematics, 23 years later. In 2012 my mom died from cancer, my GF cheated on me, and I had kidney stones that almost killed me. In 2017 my father had serious issues with the blood pressure and I wasn't able to mentally endure the crashes of Bitcoin, so I missed the opportunity for a profit. I don't make exact calculations, but may be I am on a loss currently. Jesus/Satan/fate fucked up my life, but I don't care. Now at least I have hope that Bitcoin will give me the freedom to live a bit more decent life. And if I have, say 1 mil, I will find a way to donate at least 10% to sick children, who are more fucked up by Jesus/Satan/fate than me.

Going to $3900 (Bitstamp or $4000 BFX) is like:

Just got promoted to Sr. ~~Member~~ Hodler. Grin

Quote from: cAPSLOCK on March 11, 2019, 03:43:54 PM

Quote from: JayJuanGee on March 11, 2019, 03:16:12 AM

Quote from: jojo69 on March 11, 2019, 02:48:16 AM

JJG goes surfing

I saw this one the other day, and I did not want to say anything.

Is that a catapult? Lol. That is a freaking ER visit guaranteed at some point.

I am watching in the last days the short and long positions. In Bitfinex shorts are 49% and longs are 51%. According to https://www.tradingview.com/symbols/BTCUSDLONGS/, the longs are very low - 22010, while the shorts are climbing in - 21150. The last pump was preceded by longs on ATH for the last months and shorts on ATL. This may be the reason the pump didn't go beyond the resistance $4200. Now, the bulls have a golden chance to rekt the shorts by a bull run that will breach that resistance. Come on, bulls, eat that bear short n00bs, who still have wet dreams for $2000. Grin

The shorters don't realize how vulnerable are they this time. In 2018 they may had some wins, but not this time, n00bs! You really need to learn a lesson that you can't play games with the king BTC! I just want to see the faces when we reach $5000 of those who trolled that we have not bottomed yet! Something like that:

Which site gives the accurate volume of all traded bitcoins (not USD but only BTC's, including Binance and excluding China's fake volume)?

^^^
Congrats to all daily ~~flies~~ traders on BFX who took advantage of the pump to $4000 and after buying at $3945 they were selling down to $3860. I may be a professor in math, but I can't calculate how much money they made today! phew! that's a big blow!

https://www.foxbusiness.com/technology/sec-chairman-clayton-blasts-bitcoin-as-critics-assail-regulatory-stance

The agency is expected to decide on both proposals in the coming months. Clayton declined to comment on any specific application, but noted there “may be a case where a bitcoin ETF could satisfy our rules.”

But seriously Clayton, not now! Wait for the price to approach $20K and then give the approval. After that the $100K party will be a matter of weeks.

Quote from: JayJuanGee on March 15, 2019, 05:52:48 PM

Quote from: LFC_Bitcoin on March 15, 2019, 02:44:55 PM

Breaking $4,000 is so close yet seems so significant. I’m not sure why but $4,000 seems like a psychological barrier to break & stay above.

That first sentence is what I was thinking.

The second sentence should not be very surprising in the whole scheme of things.

Bearwhales want to hold the BTC price down as low as they can and for as long as they can, and they will choose any BTC price point that works for those objectives. I doubt that there is anything special about $4k, except that it just seems to be working for the moment. We should also realize there are going to continue to be such resistance points at various small levels of random increments on the way up.. while such short term UP is far from guaranteed, yet resistance will continue to occur until the momentum (towards up) reverses, which could take anywhere between a few months and several years...

Of course we have this lil dynamic of the BTC halvening in a bit more than a year that is going to cause additional physical (financial) pressures upon those peeps trying to continue to hold this bad boy down.

Kiss

Wishing them good luck. Kiss

(NOT)

The history always repeats. The whales that thought they control the market in 2015 by pressing the price down to 220$ 6-7 times, in 2017 understood that all this was in vain. Now, the whales that think too high of themselves and dump, in 2 years will realize that all was in vain. ($100K party, cough, cough)

https://twitter.com/i/status/1107395549966274565

The reaction of Betis fans after the incredible 3rd goal of Messi! G.O.A.T.!

https://www.ccn.com/fbitcoin-technical-indicators-show-bullish-trend

"According to one technical analyst, for the first time since the bull run in late 2017, a technical indicator called Bollinger Bands is holding above the 30 moving average (MA) level, which often signals a positive upside movement.
...
The $4,300 level could be crucial in the near-term because as one cryptocurrency trader explained, there are a relatively large number of short contracts stacked up in the $4,200 to $4,300 range. If bitcoin initiates an optimistic price movement above $4,300, it could trigger a short squeeze and fuel its near-term momentum."

Quote from: mrdeposit on March 19, 2019, 08:05:58 PM

Do you also expect same move with this pattern? History repeats. Already liquidated some BTC holdings.

Warning: If the number of short positions increases, expect that the number of unknown trolls telling us that they liqudated their BTC holdings, increases too. (Of course, they didn't, they just opened short positions, gambling the price will go down) Grin

This is ideal for the true bulls to kick the bears in the balls! Massive short squeeze coming in 3...2...1 Grin

Quote from: shasan on March 20, 2019, 05:18:08 AM

Is it not a piece of good news for bitcoin investor!!

Quote from: zhekinsp on March 20, 2019, 07:15:49 PM

Quote from: shasan on March 20, 2019, 07:09:41 PM

Quote from: JayJuanGee on March 20, 2019, 07:03:57 PM

or your hope to buy coins in the sub $3,700s because we might not return there ever again

I am not a short term trader. I am holding BTC from when BTC was 17k. Still holding and will hold long more time if there is no sudden problem happen. I am still collecting more btc. It is not an issue what a price now. I wish it will hike again and will hold till then. I won't sell my BTC before reaching 20k.

In few years $20K will look like a small amount so make your goal high and be a real crypto holder than.

You are reaching near your Sr.member rank,I will help you for that with the last smerit I have.Hope you will find remaining 3 of those soon.

It is so refreshing to see such posts instead of the common shorters FUD like "Oh, no, we are going down, I am selling...". In fact these trolls are gambling with short positions and hope that their posts will influence some newbies that come and read this famous thread for a trading advice. And why should anyone listen to a short term trading advices anyway? Bitcoin for sure is here to stay and with the years its price will grow one way or another. If once some ATH is reached, then it will be revisited again for sure, because first, the inflation rate is really low, and second, on every 4 years there is a halvening. And when Bitcoin hits $20K again, one may try to gamble and sell some assuming that the price will dump temporarily and rebuy lower. I admit that I've been thinking over it, but who knows what the drop will be -10%, 20%, or more? Will it be worth to risk for 10% premium, while one can simply wait more. What if the price doesn't drop but goes much higher and the future drops are near or even above 20K? So, I think the most safe thing is to hodl until there is a need or a strong desire to pay for something useful with part of the stash like house, car, college for the kids, etc. And after the purchase, any proper opportunity to recover the stash should be used. If only all people were thinking like that, we could have avoided all these idiotic crashes. But that's impossible of course. There will always be manipulators, shorters, 1% daily traders, etc. The good news is that the hodlers always prevail and this is what moves the price upward.

Quote from: btcbeliever on March 20, 2019, 11:24:08 PM

Quote from: ivomm on March 20, 2019, 10:37:47 PM

... So, I think the most safe thing is to hodl until there is a need or a strong desire to pay for something useful with part of the stash like house, car, college for the kids, etc. And after the purchase, any proper opportunity to recover the stash should be used. If only all people were thinking like that, we could have avoided all these idiotic crashes. ...

in my opinion the most safe thing is to diversify when extreme fomo takes hold, when bitcoin looks historically overvalued, to sell maybe half, and purchase another kind of asset. If you can sell anywhere near the top, with a 70-85% drop coming afterwards, it's really foolish to hold. I've held through 2 big crashes, having bought in early 2013. It's much better to sell high than to sell 'when you want to pay for something'. Keep your portfolio diversified in different assets. There's no guarantee with any investment, including bitcoin. On this next anticipated runup, I hope to follow my own advice better.

It sounds like a perfect plan, except a little tiny itsy bitsy detail: Do you know what the top will be with an 100% certainty? Unless you have a time machine, I doubt it. In early 2017 the top was almost certain to be $1000, 3 months later $3000, then ... you know the drill. I got burned by that logic 5 times in 2017. If I was just holding, now after all crashes, I should have had 4 times more bitcoins than I am having now. In reality, if you sell with the hope of 80% gains, you will certainly sell at least 10% below the top, and if you got the luck to nail the momentary dip, you could get like 20-30% tops. And that, if you are extremely lucky! Besides, there is a risk leaving fiat on exchanges and 10-40% taxes if you withdraw to the bank account. So, I prefer to hodl in all the coming crashes. Bring it on, baby!

Sorry for the offtopic (I know that this thread is about LTC, bcash, jews, etc.), but I noticed a n00b/shorter/miner whale selling 600-1000-ish BTC's on Bitfinex in the last few days. May be he has more, since several big sells coincided with flashing a couple of 200BTC asks. His actions led to a smaller gap between Bitstamp and Bitfinex from 2.5% to 1.5% for a moment. I honestly admire the stupidity of all such people with thousands, even tens of thousands of Bitcoins that are desparate to sell when they see a couple of $'s increase of the price. I mean, in a low volume day, why selling so much? I don't get it. Unless, he is a shorter and want's to defend his position. It is like trying to stop the flooding with bare hands. These people need a reality check, not a bank check. Thankfully, they tend to lose all their wealth in a matter of days, so God bless the true hodlers!

Quote from: vroom on March 27, 2019, 10:19:39 AM

w00t, back to 4k! reverse-weee, reverse-weee, reverse-weee

eeew eeew eeew Grin

Hahaha, Gembitz did not see that coming. eeew Grin

If we break the resistance range $4100-4200 in the next days, it will be a strong sign that the bulls are in control. Taking back the once strong support at $6000-6400 is inevitable this year.

Another news is that Craig Wright admits he is fake Satoshi.

P.S. What is OG BTCNTLKer ?

It's time to break the $4200 resistance:

Quote from: ivomm on April 01, 2019, 02:02:32 PM

It's time to break the $4200 resistance:

This is what happens, when the 4-5-6 times denied resistance point is breached. I had a gut feeling that this will happen yesterday Grin

Who needs ETF!

This was an epic short squeeze!

https://www.chepicap.com/en/news/8591/what-traders-say-about-the-bitcoin-pump-5k-then-5-5k-.html

This is WO OG watching the price these days!

Quote from: ivomm on March 29, 2019, 09:43:50 AM

If we break the resistance range $4100-4200 in the next days, it will be a strong sign that the bulls are in control. Taking back the once strong support at $6000-6400 is inevitable ~~this year~~ next weeks.

The way to 10K is open! Go Bitcoin, go!

Quote from: ivomm on April 03, 2019, 04:42:12 PM

Quote from: ivomm on March 29, 2019, 09:43:50 AM

The way to 10K is open! Go Bitcoin, go!

This is my 2nd edit for today. Grin

Well, if this was a planned bear attack, it was doomed before it started. The general mood is very positive, and traders do not recongize any historic resistance all the way to 6K. So the battle for $5K is pointless. Bulls already won it!

Well done Barca! Messi is the G.O.A.T.! And Bitcoin pump today, life is good!

Quote from: El duderino_ on April 06, 2019, 09:10:02 PM

DAMMIT driving home for 15 minutes is costing me 300$ @BTC-prices Roll Eyes

HODL and drunk TV watching

chill period comes early this weekend have fun and HODL on

Nah, another small fish thinking he is a whale, trying to dump the price. Not gonna happen! Price is steadily above $5k again.

Quote from: Kasabus on April 07, 2019, 05:37:07 AM

Quote from: VB1001 on April 07, 2019, 05:24:59 AM

Quote from: Retina on April 07, 2019, 01:39:51 AM

30% drop on Bitcoin incoming? Get ready to buy lower!
https://www.tradingview.com/chart/BTCUSD/y4lKlQbn-30-drop-on-Bitcoin-incoming-Get-ready-to-buy-lower/

what is your opinion?

Rinse and Repeat or Hold, where you are most comfortable.

I love drop, I love making money with this trend.
30 is huge, its bigger than the price we have jumped so far, but that is not new, it's pretty normal to the market.
Let the pump and dump begin.

You know, I often wonder why 95% of exchange trades are like 0.05 or 0.001BTC. The answer is - there are thousands of n00bs (probably can't even calculate percentages and addicted to drugs) who believe that by trading such pathetic amounts, they will become millionaires. I got flash news for you - Not gonna happen! If you are lucky, you may get 10% in a year, so congrats with your 0.0001BTC profit. Go buy an island with that. Grin

The shorters were spotted trying to stop BTC with walls:

The number of short positions as well as the volume has increased in the last days. Their thinking is that whatever caused the short squeeze the other day, it won't repeat now. Their only hope is the wall at Bitstamp. It may be put by a shorter or not. It doesn't matter. Bitstamp has a lot more volume recently, so it can be eaten in minutes. This will cause another short squeeze even more painful than the previous! Especially, since there is not a historically recognized resistance line until 5.8-6K(which also is dubious if it can be a resistance at all). I think the next solid resistance is somewhere about 7K$.

Quote from: jojo69 on April 07, 2019, 04:37:22 PM

Quote from: ivomm on April 07, 2019, 06:54:05 AM

nah

it's bots

Even if they are bots, the sums of the simultaneous trades is way below 0.1BTC, which means their owners are really poor. The volume is made by a 5% of trades which are above 1BTC.

Quote from: JayJuanGee on April 07, 2019, 10:35:02 PM

Quote from: HairyMaclairy on April 07, 2019, 10:32:50 PM

Wall pulled

Edit: now there’s a buy wall @$4800. Heh.

No...

It was eaten

I watched every single one of those coins get bought

BTC be like:

Quote from: El duderino_ on April 08, 2019, 08:44:44 AM

We've been there long enough to accumulate cheap coins. This time is finished! I managed to increase my stash with 2BTC, which feels pretty good now. Although it was a bit dissapointing for me to live for 3 months on a loss of my main invesment point around 4.3K, I wasn't hesitant to buy with all available fiat. Now, I am again on a modest profit. From my point of view, my investment in Bitcoin is like winning, say 1$ mil in the lottery. There are two types of people. Most of the people will prefer to get $200K at once, rather than get in 10 years $1 mil, as the lottery offers. I am from the minority (may be the majority in WO as well) that will prefer to wait. Shoot for the moon!

After years of playing Star Wars Commander on my phone, today I reached a remarkable medal count - 100K! I believe I will see Bitcoin parity and I demand it soon(ish) Wink

! Somehow, this game was the first brink of the logical chain, which allowed me to understand about Bitcoin, so for me it is a sign! (I went through the options to get free crystals in this game by installing apps, then PTC sites, and gradually I learned about mining and buying Bitcoins on exchanges.)

Quote from: El duderino_ on April 10, 2019, 04:17:47 PM

via Imgflip Meme Generator

https://twitter.com/blocktowncap/status/1116008088337776642?s=21

WoW Bulgaria Shocked

yep, that's my country!

Quote from: BobLawblaw on April 10, 2019, 04:41:27 PM

Quote from: kingcolex on April 10, 2019, 04:33:42 PM

Every big government will be targeting them if Bitcoin spikes up enough.

I'm a bit perplexed about rumors I've been hearing that (((someone))) was the $100M market buy that caused this FOMO.

As a Bulgarian, I am well informed about this issue and I can assure you these coins will not be sold anytime soon. They are aquired with a joint action with FBI and are being locked by FBI, probably never to be released, since these coins are entirely made by criminal activity. The criminal group was acting in Bulgaria, hence the misinformation that the government has the coins.

Alright, we are now after midnight local time, so it is officially my special day! Come on Mr. BTC, make this new year of my life the best! 10x increase will do it! Thanks in advance!

I am not surprised but I just note that the 5K is still in bulls teritory. And the bears thought they made a bull trap:

Quote from: El duderino_ on April 12, 2019, 11:10:59 AM

Quote from: Gyrsur on April 12, 2019, 10:41:56 AM

will $5000 hold?

Damn those bars are so overpriced in BTC-terms of price Shocked

A friend of mine argued that Bitcoin consumes too much energy for mining that can be used for something else. I told him that the blockchain technology is used all over the world as a substitute to bank transfers. And the mining of the gold also consumes energy for something that actually is not used for something except to lay in tresors and r0ach basement Grin

Good mornign WO gang! It is so nice to wake up 6% richer! 6k in sight! Grin

I'll try to summarize the last 4 months. The first important point was of course the recovery jump from $3100 (15 Dec 2018) to $4000 (Bitstamp prices everywhere). This suggested that the new bottom $3100 is either the final or it would be tested again. The fear of the second posssibility led to the gradual decline until 7 Feb 2019, which was the next even more important turning point. Then we had the higher low of $3350 and a jump to $3700. At this point the first possibility that we found the final bottom seemed more probable for the traders, and soon followed another breakout to $4100. After that another drop to $3700 area. But then followed what was the most important period IMO. From 7 Feb until 1 April the price was gradually increasing showing no sings of testing the bottom. Each time the price dropped in a matter of minutes it recovered again and again. This indicator clearly showed that way more people were waiting with fiat to buy at any small dip. Finally the $3800 and $4200 resistances fell and with several big and smaller jumps we got to $5600 (1-2 April 20% short squeeze was epic!).

Now, what can we expect? It seems quite probable that in the coming days or 2-3 weeks we are going to reclaim the old support at $6-6.4K. The other less probable case for the next month is to have a gradual declining price to $5K or in the worst scenario to $3.8K. It all depends on the buying strenght. I think that the sings of the recent quick recoveries show that the buying potential is much bigger than in 2018. This potential is enough to bring us back to $20K and beyond. The only problem is the psychological fear that the price above $10K is too high. You know, the average Joe is thinking: $10K is too late for me. See ripple it is only $0.30 now. All of my ignorant friends are thinking in this way. Grin

They don't know about market cap or the real value of the Bitcoin Huh

Fortunately, FOMO will overcome fear and after some battle we will see soon 5 digit prices! And when the halving comes, nobody will know what the real price should be. It will be worldwide news to have 20-30% jumps like 80-100K$ in 1 day. I can't wait to see that

If I recall correctly, in 2017 Bfx had also problems with the banks. Withdrawal of USD were delayed for months. Coincedence or not, but during that period the price went from $1000 to $3000. If people can get only USDT to trade it elsewhere, I don't see a reason to sell BTC at Bfx. But of course there were stupid people to sell at $3000 this year, so why not sell now, initiate a bank transfer and wait for the money to appear in your bank account... uhhm forever.

Quote from: vroom on April 28, 2019, 11:24:31 AM

bitfinex - bitstamp spread increased to $330 and it's still climbing

USDTUSD is also increasing on bitfinex.

bitfinex bitcoin: 5525
bitfinex tether: 1.0352

can someone try to explain this? Should not the tether price dump with all this tether fud?

something weird is going on, I smell dynamite. bitcoin will bart up soon.

It's not a new thing. It all started in Nov 2018, when Bfx introduced new fees. For amounts larger than $1mil (or smaller sums but with more than 1 withdrawal per month) the withdrawal fee became 3%, so immediately a gap of 3% was opened between Bfx and other exchanges. At the same time USDT/USD was 1.03 so that arbitrage (Btc/USD/USDT) in Bfx is impossible. Arbitrage between exchanges was possible but traders must took the risk of very slow withdrawal (in matter of weeks and months). The gap stayed until the last big pump to $5K, when gradually it dissapeared. Now that the withdrawal may even be impossible in Bfx if it is true that goverments are blocking the fiat, it becames pointless to try to make arbitrages.

I am just curious how the sellers/shorters in Bitfinex are feeling these days. The numer and quantity of the shorts positions is high, and the longs are at the lowest since one year at least. Are these people still sane, or completely lost their mind and emotionally lost everything? For me all signs show that this exchange is dying. First, they put customer's money into the hands of Crypto Capital, which did the classic exit scam (the explanations of governments blocking the fiat didn't comfirm so far). Second, any attempt of withdrawing fiat looks doomed. The probability of getting your money after 5-6 weeks of 'pending' is close to 0. Third, just like Bitmain's never to be IPO, Bitfinex is planning IEO - to gather the tethers, provided that they are covered by 75% fiat?!?! And there is a lot more in that exchange that is not right. So, I ask myself the question - what kind of people continue to sell Bitcoins and all the shitcoins for USD/USDT? For me, these people prove once again that they are just addicted to trading and having lost their sound mind a long time ago. Many, many times so far they did exactly the opposite of what the well informed choice will tell. That by the way is the main reason, why the normal people fail with most of their trades. If you are certain that the price will go up/down based on logic, news, qualities of the Bitcoin,... well exactly the opposite will happen because of these insane people. Their life journey is 'sell to minimize losses' till the end of the world, no matter how big their profit would be if they act by reason and wait to sell at the best time. But for this they need to be educated and have a faith in Bitcoin that it will be at least $6K some day. 3 months ago it looked like it will take forever, but here are we now - almost there. For us, the real investors it is clear that Bitcoin not only will return to $20K, but will go for $100K and beyond. All these weak minds/hands are just a handicap that will be devoured. After all, the profit of the patient and reasonable people must be at the expense of the loss of the weak. That's the way of the jungle and the free market!

Quote from: HairyMaclairy on May 02, 2019, 02:52:54 AM

CMON SHORT SQUEEZE LETS GO

Shorts are at record highs. Let’s make this epic and break $6k.

All is set and ready for another 20% brutal short squeeze.

Quote from: Paashaas on May 02, 2019, 03:53:03 AM

Quote from: El duderino_ on May 01, 2019, 08:38:15 PM

F*** one out goal needed big time!!!

Liverpool had bad luck, next match will be ~~thought~~ tough.

C'mon, you have to admit the genious of Messi! He is simply the GOAT! I am a fan of Barca since Stoichkov went there from my favourite Bulgarian team CSKA Sofia. Barca has always been the best in Spain and the winning of 8 La Liga's from 11 proves it. Real is more like Liverpool - a tournament team. Both teams have troubles winning the domestic championships, esp. Liverpool - 20 or more years! Of course, nothing is decided yet - Liverpool can score 3 goals in one half, so Barca better watch out!

This is how the shorters (total of $172,183,352 at Bfx) are seeing today's chart.

Shorters waking up and calling BFx support:

Bitcoin - breaker of walls!

Edit. 6000 at Bfx!

Hilarious! Grin

https://www.youtube.com/watch?v=usO_6-RuCrg

It is not over yet. Shorters are on the rim of the abyss!

https://twitter.com/MrJozza

1 hour ago:

Bitfinex about to break $6k
• First 900 btc in shorts stopped out/called.
• 30,700 btc remaining.

"Majority of the Bitfinex #bitcoin margin calls will start to be liquidated above $5700!
This is assuming there is no funding. Pressure is on the bears right now"

Quote from: erre on May 03, 2019, 10:49:45 AM

I could be' strong, but seems to me that the price is rising mainly because people running form finex, and other people arbitraging this as much as they can.

Anyway, the reasons doesn't matter, if the price skyrocket again I suppose a lot of new people will FOMO in soon, even without having a clue about what's going on.

This is exactly what happened in 2017, when Bfx stopped fiat withdrawal and the price went from 700-ish to 3000-ish. Btw, in 2017 starting with $700 we had almost 5 doublings 700-1400-2800-5600-11200-20 000. Starting with 3122, 5 doublings will bring us to 100k!: 3122-6244-12488-24976-49952-99904

CNN report: WO gang spotted gathering for the 100K party.

This article explains clearly what happened with BFX. This reminds me of the exchange BTC-e, which was shut down suddenly by the USA government agencies, although it wasn't situated in USA. I think it was a Russian exchange with servers in Bulgaria. The customers have to wait years with little hope to get their money back. Again money laundering issues. I would not be surprised if one day the logos "Seized by FBI..." appear when you visit BFX page. There is a serious violation of USA laws, so that is a possibility. Some whales are aware of that and they started withdrawing BTC instead of fiat. Anyway, the bull run has been unleashed and the shutting down of BFX won't stop it!

https://www.bloomberg.com/news/articles/2019-05-03/ex-nfl-owner-is-said-to-have-ties-to-850-million-crypto-mystery

Nice bear trap! The last hope for shorters is ded!

Quote from: serveria.com on May 04, 2019, 09:18:06 PM

In such moments I always remember Gembitz... poor guy is still waiting to rebuy at $2500 Grin

WEEEEEEEEE!! Grin

Each time we had a small drop, he was: 1000 weee, 2000 weee, 3000 weee, 4000 weee, 5000 weee. Grin

Quote from: LFC_Bitcoin on May 07, 2019, 08:53:22 AM

Falling below $6,000 last year was where it all started to go wrong last year. The price dropped at an alarming rate after we breached $6,000.

November 5th 2018 - $6,398
December 15th 2018 - $3,179

I don’t know about anybody else but that was a pretty fucking scary time for me. Breaking $6,000 would represent great progress & a sign for me that the bear market has long been left behind & we enter a new, baby bull market.

Enjoy gentlemen, this is going to be a very exciting run over the next year or two & I’m honoured to be on this train with you all.

Yes, it was scary indeed. The scariest part for me was that we fell too quickly from the annoying 6.4K below my main investment point at 4.6K. I felt pretty miserable then but also courageous and immediately I started to make plans how to buy. Anyway, I didn't hesitate each time when I got some money and immediately I bought bitcoins. I increased my sub 20 stash with 2 whole coins in these 3 months. Now I have to invest all my salary for 2 years to get 2 coins at these prices. I will continue to do it, no matter the price. Unfortunately, I had to pay in the last months taxes and insurances for $1K, so I wasn't able to buy more. Today I feel also miserable but for another reason. I attended a presentation by one of my students, who was in Sao Paolo, Brazil. He said, that a typical Uviversity salary is 10 times than my professor salary in Bulgaria. And Brazil is looked upon as a poor country. I am so sad that after 20 years of work my savings are equal to 10 months work in Brazil or any other country in the world in fact. Our country is the only in the world which pays the University professors less than the workers and teachers. I can't go to another country because there are no open positions in my speciality. So my only hope is to convert what is above my monthly expenses in Bitcoins. I drew a lesson from my mistakes in 2017 and I will hold long enough to achieve my goals. On one hand I regret for my lack of nerve back then, but on the other, this made me a strong hand. It may be helpful for some so I write in short my experience.

For starters, I lost my earnings from $700 to $1000 after the crash to $700 for 3 month in the winter of 2017. For an unexperienced trader 2 months is a lot of time, and finally I decided that Bitcoin will never return and sold. After that I thought Bitfinex will go bankrupt and I didn't buy until it was $2000. Then I made some small profit (and I sold bcash for $200) which was completely annihilated by the pump from my sell point $2700 to $4800. Again, 2 months of crashes in the Summer was too long to endure for me then. Next I entered at $4600 to see the drop to $3000 but this time I holded. When the day of the fork neared I panick sold and then they cancelled it so I bought at a higher position (thanks also to Kraken, which was broken and it didn't fulfill correctly the buy order). Finally, I panicked at 12K that the futures will put an end to the bull run and sold half of it. The same day the price went to 17K. I was in shock and somehow I rebought at some drop at $14K. In short: I was good enough to predict the day of the first peak to 17K, but not the hour. The difference was some 30-40%. The lesson is only one - no matter how good is one in trading, noone is so good that ALL his trades are successful. And one bad trade can annihilate 10 successfull trades. So, I will clench teeth and hold no matter what! I have endured more than a year of horrific crashes and I am ready to endure many more years, if this is the price I have to pay for my first $1 mil. I am still in the process of making a selling plan. As a starting point is to get at least 10x profit. But some coins should be kept for 100x also. Oh, well, this is a though problem

I just want to recall 2 of my "histroric" posts. The first is just before the turning point in Dec 12. The second is just before we broke the resistance at $4200.

Quote from: ivomm on December 07, 2018, 07:00:27 PM

Quote from: ivomm on March 29, 2019, 09:43:50 AM

If we break the resistance range $4100-4200 in the next days, it will be a strong sign that the bulls are in control. Taking back the once strong support at $6000-6400 is inevitable this year.

Quote from: Wexlike on May 09, 2019, 09:38:10 AM

Who else is waiting for a dip ? Grin

...

Gembitz! 6000 weee!

https://www.youtube.com/watch?v=iH6a1iYQ0GA
Star Wars - The Throne Room

Quote from: soxxx on May 11, 2019, 06:46:46 AM

The bottom is obviously in, you don't see moves like this in a bear market, we are up nearly 120% since the December low.

I wonder what the level of panic is for those who opted to not purchase any BTC because they expected $2500, $1800, $1200 etc....?

Quote from: AlcoHoDL on May 12, 2019, 08:07:09 AM

It's so nice to go out for a walk on a beautifully sunny Sunday morning, and to come back home and see that your BTC is worth more that you left it...

A two-hour walk earned me 4 months worth of salary money...

Go Bitcoin, go!

In my case, 1 day earned me 4 years salary Grin

Nah, it is not even a correction. In the last crazy 24 hours the pump was so fierce that the bid books became too thin. Even a small market sell could do 5-6% damage from the top. Now it is time for some sideways consolidation preferably above $7K. Capture and hodl, capture and hodl... all the way to the moon Grin

Quote from: ProfTP on May 13, 2019, 11:47:39 AM

some big guys are jumping in, i mean that is totally not normal, its going crazy.

something big is ahead, seems like it will be a great year/summer.

Feels good that i advised some friends 2 weeks ago to jump in.

Every bull run has spikes with some intense buying. The same is true for bear markets. We've seen this tens and hundred of times so far. Big investors? Probably. But they are not enough to sustain the bull run. What we've seen now is that people are shaking off the fear of crashes that some shorter/nocoiner trolls were promissing. Now everyone knows that the price will go much higher after the next halving. So many more people decided to buy and hodl instead of selling/shorting now. Of course there are some morons, who decided to short in a bull market. They are agonizing now and come here to spread FUD with the hope of stopping someone from buying. So whatch out. I noticed some post above speaking of despair, dellusion, etc. This is a typical lame troll FUD attempt. Of course we know that there will be bumps along the road. But despair belogns only to the nocoiners or shorters who are losing their last money in the endless short squeezes. Bitcoin is thriving and well, but shorters/nocoiners are in pains! Grin

Quote from: kingcolex on May 13, 2019, 02:41:28 PM

Quote from: fillippone on May 13, 2019, 02:31:33 PM

BAKKT on the news:

https://www.coindesk.com/bakkt-sets-july-test-date-for-bitcoin-futures

Bitcoin futures exchange Bakkt announced it was moving forward with its plan to launch physically-settled bitcoin futures products Monday.

Don't know if it Bullish or Bearish, but adding fuel to the rockets just because i read BAKKT on the title!

Seriously though, has bakkt done anything yet?

It seems that getting this custody licence is a formality and then there will be no need for CFTC approval, because of the self-certification rule. Once such regular markets are operational, there will be no excuse for SEC but to approve the first Bitcoin ETF. Institutions are pushing to enter, because they see what is happening now. But it is better to let them in after we pass 10K. The estimated institutional $100bln invesments are welcome on the road to 100K$. Anyway, we are going there with or without them.

https://cointelegraph.com/news/ice-pushes-for-bakkt-bitcoin-custody-license-cftc-approval-imminent

ICE, the operator of the New York Stock Exchange (NYSE), recently acquired a cryptocurrency custodial service and are mulling plans to register Bakkt as a licensed trust in the state of New York.
If successful, these latest moves would see Bakkt become a registered bitcoin (BTC) custody platform. Recent reports also indicate that the company is in partnership with Bank of New York (BNY) Mellon for the storage of cryptocurrency security keys.
....
Given the recent announcements and acquisitions, it appears Bakkt is trying to rectify these issues by pushing for self-certification as a cryptocurrency custodian.

Hopefully BTC bullet train will pass 8K station like it passed without stopping 4k,5K and 6K.

Happy BD, WO bro! BTC at $8K is the best gift for you! Wink

I don't want to argue about the TA presented here, but just note that on tradingview.com most of the TA suck. Many shorters use this platform to influence the traders and fall for their crap. Will there be 10-80% corrections - sure! Will it be easy to take advantage of it by selling/shorting - No! It is simple math. If you sell now, the rise will continue at least 10% from now with a very high probability. Then you have to wait a long time during which you risk to never see a price at your range. And if you endured this waiting, the best increase of stash you can hope for, will be most probably in the 10% area. So, for anyone with a sound mind is clear that trying to cut off the top is highly improbable. There is only one strategy which will make everyone investing in Bitcoin rich - HODL! I coud have sold at 20K but I decided to wait the higher price which will meet my needs and change my life. Was I sorry I didn't cash out and rebuy at 3k - of course, but nobody knew that we will have such a chance. What we can do is to invest more fiat and BTFD! I was many times since 2017 below my investment point. It was not pleasant, but that feeling is nothing compared to the regret when I missed the increase from 2400 to 4800. I don't want to feel that regret again, so I am not selling until my target price. And even if we crash $1 from my target price, I will endure and wait another year(s) if needed. Speaking of target price, I made a plan what initial portion to sell at what price and what stash to keep after that. I will not let any other opinion, event or my own emotions change that! And when I sell and Bitcoin continues to rise, I won't regret it, because I achieved my goals, and the remaining coins will give me a comfort that I have more profit to take in the future. So far I have profit equal to all 20 years salary before I retire. I intend to buy a beach villa or build a house and to have at least double than my salary will be until I retire. Will I buy lambo or a yacht - probably not (despite my avatar, which is not for the brand but more for the bull logo). I think that moving targets like to buy a lambo can ruin my profit, because my stash is relatively small - below 20. In my country the prices are cheap and I can save half of my salary, although it is 10 times lower than the rest of the world. Anyway, BTC is my only hope. So my advice for anyone, including shorters/nocoiners is only this -buy, wait and be patient. Your patience will be rewarded!

Quote from: mindrust on May 14, 2019, 03:30:39 PM

Quote from: ivomm on May 14, 2019, 03:14:43 PM

...Speaking of target price, I made a plan what initial portion to sell at what price and what stash to keep after that. I will not let any other opinion, event or my own emotions change that! And when I sell and Bitcoin continues to rise, I won't regret it, because I achieved my goals, ...

I was actually going to post something similar to your post today, explaining my strategy but then some shit came up and forgot about it.

That's also what I do.

Set a target, keep accumulating as it goes down up and sideways (DCA), buy the dips if possible, reach your target, dump away. There are 2 possibilities may play out after that:

a) It goes up you get stuck on the FIAT side, but it doesn't matter since you already have shitloads of money which'll cover your ass no matter how high bitcoin goes later. You won't be missing much.

b) It goes %80 lower, so you can reinvesnt some cheap coins with %25 of your profits. Rinse and repeat.

I believe as long as you set your target networth something between $500k and $1m. You are in the safe zone. FIAT may become worthless in the next 10 years but $1m today still can unlock you many possibilities.

Don't bother with selling if you are going to get anything less than half a million imo. That's how I see it.

We are on the same page! My target networth is between $600k and $1.2m. It depends how long it will take to get to the target prices. I wish I had several more coins to make the first sell near 20K, but I don't. So, I will have to wait for the 50K-100K range. Of course, it won't be easy to get there but I have no doubts that in 1-5 years tops we will be there.

SEC is extending comments period for Bitwise ETF
https://www.sec.gov/rules/sro/nysearca/2019/34-85854.pdf

First, I like how BFX didn't follow Bearstamp during the night dump. 12% drop vs 25% (from the year's high) LOL. Second, everytime we have a drop, Ver's and CW's shills came out of their dens gloating. Let me recall you dear losers (I mean literally in term of finances) that your bcash-sv shitcoins are DED! I don't know why bcash is still not delisted from the major exchanges, but it is just a matter of time I guess.

Quote from: podyx on May 17, 2019, 09:02:05 AM

Just woke up, is the red candle to $6100 on bitstamp real or is it a glitch?

What I see on the 1 min chart is that there were 4 sells around 900BTC each. It may be one whale dumping 3.6K BTC, or just 800BTC which triggered stop losses on Bitstamp. BFX didn't follow - it stopped above 7K. This was important and quite unpleasant for BFX shorters. Their plan didn't work out. At the same time, Bitstamp quickly recovered above 7200, which is a strong bullish indicator. We are only 1 year before the halving and 2 months before bakkt's launch. Fidelity is also preparing. These two huge regulated markets will open wide the doors for ETF approval. Besides, literally everyone even the notorious bear trolls like r0ach, gembitz, etc. believe that we will return to 20K in 2-3 years tops. So nobody has an interest of selling big amounts except the daily traders who try to make a living on the volatility. Which reminds us that the definition of the daily trader is one who is hoping to return his investment by watching the diagrams 24 hours and cutting his losses. If he is playing with shitcoins, the chances are 99% that he will never return his investment. If he is playing with Bitcoin, chances are 50% he will make a living. The main characteristic of all traders is their lack of patience and perseverance. On the contrary, the hodler is the one with strong nerves and who patiently awaits his prize - whether $1 mil, $10 mil, or bigger.

Quote from: VB1001 on May 17, 2019, 01:55:04 PM

Bitstamp

Quote

1/2: A large sell order was executed on our BTC/USD pair today, strongly impacting the order book.
Our system behaved as designed, processing and fulfilling the client’s order as it was received.

https://twitter.com/Bitstamp/status/1129311518091300864

Quote

2/2: We closely examine every event that causes large-scale movement in our order book and have started an immediate case investigation.

https://twitter.com/Bitstamp/status/1129311623951409153

So either a fat finger, or a n00b short manipulator. Doesn't he know that the exchange blocks withrawals of such magnitute because of money laundering suspicion? Bitstamp also excanges data of such potential manipulators with all derivate exchanges. So if he or a member of his family is registered there, that money will be blocked too. Good luck with proving to FBI or Interpol that his money are legally obtained. Such greedy bastards lose everything with one stupid mistake. Curse them!

Quote from: Hueristic on May 17, 2019, 03:38:31 PM

Quote from: El duderino_ on May 17, 2019, 09:49:57 AM

Like this one

for who didn't saw the GOT thread....

Whats funny is when she went ballistic on all the innocent people that didn't bother me but what did is the fact that they were just hanging out like nothing was going on in the streets when there was a fucking Army attacking the fucking walls!!!

This season is so bad I was not surprised at all that they would take a character and make them act completely out of character just for the shock value. HBO bombed this season badly. After 2 fucking years of waiting I could care less about watching any of the other shows.

I agree completely! For me Dani is like any other good girl. She can lose her temper sometimes, but to burn a whole city?!? When one of her dragons burned a child, she locked them all in a cave, despite loving them as her children. HBO screenwriters went too far in their effort to be unpredictable.And that led to absolute predictability - everyone expected from them to kill the series by destroying every character and sound sense. I am just not interested in the next episodes at all - John kills and eats Dani, Sansa burns Arya and John, some peasant kills Sansa... I don't care!

Quote from: gentlemand on May 17, 2019, 09:24:58 PM

Quote from: kenzawak on May 17, 2019, 09:15:21 PM

There are rumors that the VanEck ETF could be approved next tuesday. Why ? Because, unlike Bitwise, there has been no announcement about it being postponed. And because, next tuesday "crypto mom" Hester Peirce is supposed to be a speaker at an ETF conference in New York.

https://bitcoinist.com/bitcoin-etf-sec-keynote-approve-rumors/

But... at Consensus Peirce also said that some questions still needed to be answered on the ETFs.

Smells of typical straw grabbing to me. If I remember rightly the applications had different dates for the extension so not saying anything now about Vaneck is meaningless. Glad to be proven wrong all the same.

I don't have any expectations about an approval. The deadline is the 21st May. Last time, SEC inquired for answers of many questions from the public. Practically nobody cares anymore to answer them. While the first round we had over 1000, after that there were only several, as far I remember. Now, SEC staff will just copy-paste the same questions with some additional from the Bitwise decision. Or they can just deny it. Clearly, SEC is afraid to be the first to give the investors a regulated market. But when bakkt/fidelity/etc. goes well, then they will have no reason but to approve the first serious ETF proposal. Will it be good for Bitcoin is another question. It may speed up the rise to 100K, but it may also create a bubble to pop like the futures did. Right now, I think it is good for the investors to get an ETF but bad for the hodlers. It may create amother short lived bull run to 20K. On the other hand, after a year or two, when we are above 20K it will be a fireworks show for the hodlers to get ETF. Imagine we get an ETF around 50K - that will explode the price above 100K for sure!

Quote from: Hueristic on May 18, 2019, 07:09:22 PM

Quote

Bitstamp Starts Investigation After Large BTC Sell Leads to $250 Mln Liquidated on BitMEX

https://cointelegraph.com/news/bitstamp-starts-investigation-after-large-btc-sell-leads-to-250-mln-liquidated-on-bitmex

Step 1. Call FBI or Interpol. They will block the fiat indefinitely. Good luck to that guy proving his coins are legal. The same old story of BFX guy with 800mln locked by the governments on behalf of the FBI/Interpol. I honestly never heard of someone getting their money back. This incredibly stupid n00b can say goodbye to his money.
Step 2. Call some NY attorney to check carefully all suspicious short positions on the various exchanges - BFX, Bitmex, CME, CBOE, etc. The accomplices should come out.
Step 3. Repeat Step 1 for the suspects.
Step 4. Don't allow more than 10% drop of the price by a single sell (I think Coinbase recently added that feature. I am not sure about that and I don't want to advertise CB.)

I was afraid to look the charts when I woke up this morning. We are close to 8K again! Is this real, or I am still dreaming? Pinch me!

Quote from: rhomelmabini on May 20, 2019, 10:42:51 AM

https://twitter.com/jchervinsky/status/1130209159503319040

There's no real hopium for ETF, SEC approval are just for moonboys and when they does I guess the capitulation already started. What you think about it?

The market recently has matured and such news doesn't change anything. In fact, more traders realize that such news trigger short lived bull balloons that pop up pretty quickly. Without ETF, we will see a steady growth beyond 20K. We entered the year-before-the-halving-accumulation zone and everyone who is clever enough, buys and waits at least six months after the halving. That is the reason there are so few bitcoins on the exchanges in the last months. IMO, this is the main reason for the bull run and not some rumors.

Quote from: serveria.com on May 20, 2019, 11:48:26 AM

Quote from: ivomm on May 20, 2019, 11:14:29 AM

Quote from: rhomelmabini on May 20, 2019, 10:42:51 AM

In this case you can buy now and hold till Q4 then sell at $20k+ (I'm sure we'll see an ATH this year) which will be a very nice profit. If you're patient enough you can hold up to 6 months after the halving and sell at another ATH ($100-500k+ per BTC). So you can't really lose it's only a matter of how long you're willing to wait and how much money you will finally receive. Win-win Cool

I bought in 2017 and hodling firm! I continue to buy with saved salary every month.

Another super fast recovery for several hours - from the 7400-ish drop earlier today to 7900+ now. May be a few more days like that and we will be ready for the next target $9000+. We are officially in the last 365 days before the halving and the bears are aware their time is running out. They lost their only weapon - the fear. Now if they attempt to cause a crash, it will be a temporarily drop followed by a quick recovery. Everyone now knows that even if the prices get somehow lower in the next 6 months, at the start of 2020 there will be a major recovery. And most probably a higher price with the approach of the halving. If Bitcoin managed to recover 2.5 times for several months a whole year before the halving, imagine what will happen after that!

We are staying around 8k for awhile now. Very positive indeed! I expect another leg upwards soonish.

This year Bitcoin behaves like the perfect girl - beautiful beyond imagination and never saying NO! (Insert some pretty girl pic here) Grin

Quote from: Majormax on May 27, 2019, 01:31:00 PM

Quote from: BobLawblaw on May 27, 2019, 12:20:38 PM

Quote from: realr0ach on May 27, 2019, 12:06:44 PM

Bob, I see 0 volume. Are you on the jenkem?

Shh. Patience. Drums in the deep.

EDIT: OK, maybe "wave" and "strap in" was too hyperbolic. Expecting to test $9k in the next few hours.
EDIT2: And to further clarify my gut feeling, once we breach $9k, I expect massive profit-taking, followed by dogs and cats, living together.
EDIT3: My position remains. HODLing and do not intend to divest any further BTC until after the halvening - but not before 2021 - Waiting for Rick to independently retire, and figure out what we want to do with the rest of our life together. Possibly divest BTC to reinvest in 100+ acre real estate/ranch in rural area.

Optimism is good, and the moves here are giving credence to the case that the bull market is establishing itself.

You are quite right that massive profit taking will come, but the level from which it starts is difficult to estimate. The current price wave is unsustainable in the longer trend. A glance at the chart makes this obvious.

If we are to get to a new ATH in the next year or so, a strong pullback would be needed in order to consolidate the overbought positions.

The recent moves have almost broken with the 2014-16 pattern, but that only means that predictability has declined, not that a new roadmap can be put in place.

Actually, we had some profit taking several times but the buying pressure is so intense that it took only several hours up to 1-2 days to recover. Now, we are in the position that non traders buy and hodl in anticipation of the approaching halving. Traders are not able to short with profit for many reasons. Btw, Bitmex included Kraken in its price making, so it will be harder to manipulate the market. Kraken is notorious for its slow reaction to price drops. Also, bakkt and fidelity platforms are in the final test stage. Actually, bakkt is ready with some sofisticated structures and is just waiting for a custodian licence by NYDFS. Being backed by ICE, I don't see any obstacles getting this licence. So any attempt of shorting/selling would be incredibly risky right now. Last year traders were afraid how far the price will crash and will it recover in foreseable future. Even the most optimistic didn't see how just in 5 months the price will be near 9K. That looked ridiculous in January-March. The mood and the trend has changed and the only question is when, not if, we will break the ATH again.

What I learned about Bitcoin in the last 5 years is that the scenario which looks very unlikely with a probability <1% is what actually happens. For those that endured and hodled the Gox crash (cudos for GameKyuubi and many other early hodlers like 600watt) the dream of getting back to $1000 seemed so distant and impossible. A few years later... boom - $20K. And then who would have thought that a year later we will be back to 3000$ with no bad news like Gox?!? Next, who really put a chance >1% to see prices nearly 9K in May? So think of what is the most probable price in 6 months and you will get a result that will be quite far from the reality Grin

We just have to be prepared for any possible scenario even with <1% probability. There are just too many new factors that play an important role. For example: in late 2017 almost every altoin exploded. They took most of the Bitcoin impetus. None of my friends who heard about Bitcoin for the first time actually bought Bitcoins because it looked expensive. They all bought xrp, eth, tron, etc. They didn't listen to me and lost their money. Now the situation is the opposite. Another very important factor is that the next halving is only 1 year away, so there is no room for a prolonged bear cycle. Another new thing is that bakkt and fidelity must buy bitcoins in order to operate. Both will offer a custody of acutal coins. May be they are part of the bull market now, we just don't know that yet. Once these huge regulated markets are operational, why whould SEC deny ETF anymore? And last but not least, for 1-2-3 years more and more average and wealthy users buy and hodl. The inflation rate even now is in favour of the bull run, not to mention after the halving, when it will drop below 2% per year. All I want to say is that any low probability scenario of $30K+ price in the next 6-12 months can not be crossed out. The important thing is not the probability but what will actually happen! Roll Eyes

All these people keeping their Vegeta "It's over 9000!" memes, ready!

Not that one shoud care about shitcoins but it amuses me how people are losing their savings with pump&dump:
Someone just dumped 25k $BSV @ market on Bitfinex
https://twitter.com/alistairmilne/status/1134008129799278592

Bitstamp bid book was a hot mess. CB and Kraken were at 8200 while Bitstamp struggled at 8000. Another failed attempt for long squeeze may be. If this is so, then these people don't have enough coins to coordinate their attack on other exchanges. But if this is a "profit taking", I can't understand it. Various shitcoins pump 100% in a day before someone pulls the trigger (Exhibit A: ShitVision ) while Bitcoin raises organically 2% and they sell down 10%+. Some trader here please explain to me how it works? I don't get it! This is only in favour of the many many people waiting to see some drop to enter the train. We can bet when we will return over 9K. Grin

This weekend may be? We shall see Roll Eyes

Ok, some n00bs on stamp are willing to hit the sell button with 20% discount. Just in time for most of us to BTFD. For me the most important thing is the signal that Bitcoin can recover from 3K to 9K in weeks. I have no fear at all about dips and crashes. So no matter how hard bears try, they won't convince the investors aka hodlers to sell anything. The time of the bears has ended. So, I have an open letter: Dear bears, if you are willing to sell every day with 20% discount down to 6K, just call me. I will buy your coins right now for 6K, why wait?

Quote from: El duderino_ on June 04, 2019, 07:53:01 PM

Thx and thx

Now BTC reverse direction, and let the Sellers don’t buy back on the cheap!

Happy Birthday Mic! Hopefully your next BD cake will be like:

Quote from: cryptjh on June 06, 2019, 04:06:17 PM

The Wall Street Journal Business Section - Some Bet Bitcoin Price Could Reach $50,000

This reminds me of an early 2017 prediction. "If Bitcoin ETF is approved, Bitcoin can rise up to $5000 untill the end of 2017". The price was 800-ish back then, so this was 6x prediction. It looked pretty bold then. Of course, the ETF wasn't approved and yet the price went to $20 000, i.e. 25x. So now we can expect between 25x3000=75 000 and 25x9000=225000? Grin

This is ridiculous for just a year, I know. But If we think about it, 2017 was the year with so many bad news for Bitcoin - China's ban, forks, beecashers dumpsters and last but not least - the futures. Yes, the futures was a bad news for the hodlers, since we knew that the price will be maipulated heavily by selling at certain hours. I still wonder how Bitcoin managed to overcome all this. Well, if not this year, we can expect some incredible bull run after the halving. I can't wait to see the fireworks! Grin

Up, up and up she goes! Grin

Quote from: LFC_Bitcoin on June 08, 2019, 08:11:01 AM

Quote from: Saint-loup on June 08, 2019, 07:23:41 AM

Quote from: VB1001 on June 08, 2019, 04:50:28 AM

Quote

According to Grayscale, many investors are not aware of the bitcoin block reward halving.
As such, it still remains a key factor for the price and it is not completely priced in.

"We were surprised to learn that many of them were not even aware of this event." (Grayscale)

https://twitter.com/iamjosephyoung/status/1136949078879744000

Very interesting news!

thank you

Edit: I found the original quote

Quote

Is the Halving Priced In?

The halving is close enough that it’s time to start talking about it more seriously, but far enough out in the future that it’s unclear whether it’s priced into the market efficiently. In fact, based on anecdotal conversations with market participants, we were surprised to learn that many of them were not even aware of this event. Moreover, according to Unchained Capital, less than 32% of the bitcoins in circulation have remained in the same wallet addresses since July 2016.3 This is consistent with our own determination that a large number of existing bitcoin holders are investors who have entered the market in the last three years. For many of them, this is uncharted territory and could very well be their first halving event.

While some investors in the digital asset ecosystem appear to have a short-term bias, strategies with a multi-year investment horizon and the discipline to hold strategic positions in Bitcoin through these events have historically generated outsized returns. For example, in the one-year periods following the first and second halvings, bitcoin’s price rose by roughly 81x and 3x, respectively.

https://grayscale.co/the-next-bitcoin-halving/

Every time the halving comes near we get FUD with people saying it’s priced in.
So far post halving we have had a parabolic rise. I think we can safely say that no, the halving is never priced before it happens.

There are less coins being mined post halving therefore coins are more scarce. It’s all about supply & demand, if you reduce the supply then demand increases which naturally makes the price go up.

This is indeed the most ridiculous FUD attempt I've ever seen! It made me laugh Grin

But in case some n00bs could be mislead, here is what I think: The price is not determined by the investors, but by the daily traders. They sell, buy, short, long, etc. and always look for a daily profit. They are not interested what the price will be after 1 year. Otherwise, they would be called investors and won't do short/long positions. Now, when a big investor appears on an exchange (or rather OTC, but let's say that the OTC desk pulls bitcoins from all major exchanges), he may move the price up to 20% in a day. But - and this is very important - if the daily market can't sustain that price, it will fall immediately! So, again traders play the main role of the price forming. And as I said, one year for them looks like an eternity. To say that the halving is priced in, it would mean that the price reached the top and it will fall soon - that is the hidden FUD in this statement. It may be true only if in the last weeks before the halving, we are way beyond the current ATH - $40-50K at least. Then we could expect some pullback, but in several months the reduced supply would restore the balance. Then nobody will know what the real price should be - with reduced supply and million new investors and traders entering the exchanges it is difficult to make predictions. So what usually happens is that the price continues to follow its parabolic graph untill it can't be sustained and some bigger corection comes. The exact values nobody can predict now. What we see as doom and gloom charts is done by n00b shorters, who just entered the market and realized that they can post their shit charts in various forums to influence others. And to go against the bull trend with charts and explanations like these is as if a child is trying to move the ocean with its little bucket. It has the faith but not the resources obviously Grin

Quote from: LFC_Bitcoin on June 08, 2019, 11:14:04 AM

I just bought £500 worth so you can thank me for the cheap coins because it’s bound to go down now, it always does shortly after I buy Cheesy

I envy you

I have to skip this month, since I intend to go to the beach for a week, and it will cost me a whole fucking salary. But, I did well in the last year, increasing with 15% my stash. Last summer I rejected the vacation because the price was $6K-ish - too low to miss the opportunity to buy. Later, when the price fell to $3k-ish, I even emptied my 2 credit cards to buy moar. Of course I leave enough money for the monthly payments. I prefer to pay for the 12% interest because the profit from the hodling is already much greater. Recently I voted in the poll that I am 100% in, but that's not true - I am 110% in. If anything bad happens, well, I have a stable work (although with $850 monthly salary - that's how I know God loves me

) So I learned to live with a salary immediately turned into Bitcoins - that's how much I don't trust the fiat system. And why should I trust it - credit cards, bank accounts can be robbed (in my coutry we had 2 cases of bank employees stealing clients money). My paypal account was hacked some time ago, fortunately I managed to restore the stolen sum. Now I am my own bank. If I decide to buy a house or a car, I may part with some of my stash, but not all of it. I am seriously considering the idea of hodling more than 5 years, as I initially determined. For now, I am good - I have a nice appartment and a car. I hope to find a girl that is good and won't screw my life and steal my money. Too many gold diggers in the world exist and some of them will turn to be Bitcoin diggers, we should be careful. Wink

Quote from: pereira4 on June 09, 2019, 03:20:07 PM

In relation to what was being discussed earlier: CSW has put a deadline of around 2020 to hack Paul Le Roux's coins and dump on the market, yet, there's no reason to believe this. Why would he be so sure that he is going to crack a hard disk encrypted with probably cascaded algorithms and a very strong password at any given date? Supposedly his mining operation is actually a farm of computers trying to crack the wallet file, but even then, there's no way to really know when you could bruteforce it. Anyone that has attempted to bruteforce strong passwords with those algorithms has failed. I've forgotten passwords and I already assumed it's pointless to try to access the data again.
Not to mention the huge fail that would be if Paul had additional encryption once the first password is broken which I don't doubt since he was a very paranoid man.

And this is all assuming that any of this is true (Paul Calder being satoshi, having 1.000.000 BTC and whatnot, and not just being more cover up lunacy by Craig to avoid the aussie taxmen, keep his shitcoin on the headlines etc).

I think this is just FUD started by one comment on a topic in reddit. Some 'informed' guy suggested that nonsense in 2018 clearly to cause a dump. He stated that CW will receive Kleiman's keys to his shares in Jan 2020 and by then he has to crack the hard drive he supposedly stole from Paul Le Roux, so that he may prove he is Satoshi. But another user corrected this misinformation by citing Kleman's will that CW would get the keys of the shares that belong to Kleiman in 2020 OR 15 months after his death. These months passed a long time ago, CW got the shares and I guess this is the reason why Kleman's family sues CW. So even CW breaks the code it will prove nothing, since he has the shares already. Regarding the possible breaking, it won't worth it. The coins are stored in multiple wallets with little amount each (It was like 50BTC each but I am not sure) , so breaking 1 of them won't bring him a fortune, nor it will prove he is Satoshi. And it will cost him dearly in terms of electricity only. True Crypt is a tough nut to crack, even with thousands asics it will take decades if not centuries for just one wallet to crack.

And again she is utterly unpredictable. I was 99% sure we are about to see a dump today, but voila - 8K again!!!

Quote from: Danslip on June 11, 2019, 05:51:46 PM

When next pump Huh

I should sell my BTC when the price was over the $8100 and I regret to sell at this price after retrace.

I normally ignore newbies talking about pumps and selling as if Bitcoin is some shitcoin. But, since recently I was wondering what are the main types of sellers/buyers on exchanges, it is worth the effort to give a short description. In general, I think there are 4 main types. The first type are the whales that try to manipulate the market with the aid of some derivative/futures exchanges. The second type are medium and long term investors a.k.a hodlers. The third type are the miners. And the fourth are the average Joe-traders. I won't discuss the first three types. They are clever enough to choose some strategy and make some good profit. But I will try to describe in general the third group and more specifically the n00bs that are into trading for less than 2 years. They try to buy at some dip and sell at some local high. Normally, this profit is like 1-10%, if they guessed right. But since Bitcoin is completely unpredictable, the wrong guesses lead to losses that most probably will erase all previous profits in longer term. The problem of these guys is that they have no clear idea or a goal to achieve. They sit 24 hours/day in front of the monitor to spot some movement and sell/buy. This can't be done for long without some mental/health issues. They are just like those obsessed with gambling. And usually this doesn't end well. The lack of strategy, paired with the lack of evaluation of the Bitcoin leads to smaller profits and eventually to a loss. And the things are so easy to understand: Why treat Bitcoin like a shitcoin (which can dissapear anytime) and look for a profit, say 10%, while you can buy and hodl for a profit at least 1000%? I doubt that even the best trader in the world can achieve this for 2 years, if he/she trades on daily basis. Then why those n00bs believe they have some chance? Why it is so hard to undesrand that if Bitcoin reached 9K starting from 3K, it will for sure reach 16-18K in a year max? How these guys see the chances with the approaching of the next halving? Do they see this as impossible and so they sell every time Bitcoin jumps over 8K (not to mention the guys that sold at 3K, then 4K, then 5K, then 6K - some of them are still in a big depression praying for a bigger dip to enter again, like gembitz -weee). And finally, do you believe that if you have a profit like $10K from trading, you will be happy, when in several months you WILL miss the opportunity to win $1 mil? If you don't know the answer, go ahead, sell. But I tell you that you will be devastated and you will come back at prices above $30K and try to compensate with a similar small profit. But this is the way of life. The stupid miss the opportunity for a life changing profit, which goes into the hands of the smart investors. The question is what type you prefer to be. I've made my choice after I went through all the stages with a small part of my savings until I decided to invest all of it and stop trying to trade the pumps. And in this forum there are hundreds, probably thousands of establised hodlers with a long long experience. To think that as a 2-day/month/year crypto trader you are smarter is just ridiculous. People like r0ach, gembitz, etc. are a perfect example of former traders that were mocking the hodlers when they sold, but now they've lost their mind because of the poor choices. At least this is what I see from their posts. They are many more of course. My ignore list is getting bigger every day

Houston we are go for launch!

Quote from: mindrust on June 14, 2019, 06:18:31 AM

Any time it goes below $8k it jumps back shortly afterwards. I lost the count how many times his happened. The chart says it was 3 or 4 times. There is clearly a strong buy support. It is almost like the buyers know what's about to come.

And I don't only mean the halvening. Probably it is BAKKT we are seeing in action here.

I would like to see another $6k just to buy more but it is probably not coming. DCA'ing only.

Yes, bakkt is a very good news, because it could be used by big investors to buy and hodl bitcoins with insurance. For me personally, this is huge, but bakkt still needs that custody approval. It may be obtained after the tests begin of course. And with regulated market with insured custody, ICE may apply for an ETF, which will have much bigger chance than CBOE's proposition. This is just a speculation of course. I am convinced that Bitcoin is heading for a new series of ATH's even without institutions involved.

Historically, every time a srong resistance is broken even by a little, a doubling follows, e.g. the $4200 resistance. I wouldn't be surprised if we see 16K in the coming months. I think the market is more mature compared to 2 years ago, and it doesn't respond to the news like before. The price is moving by the increased demand vs scarce quantity of coins offered on the exchanges. I've been trying to guess what that potential is, based on the strenght of the support during crashes/dips. I notice also that the volume on Bitstamp, Coinbase and Kraken is 4-5 times bigger than 1 year before. Of course, there are purely psychological levels that serve as a resistance: 9K-10K is one of them. The current ATH is another. But, if we ignore the psychology, I think the current market potential can support prices around 20K. And after the halving, it could reach 50K for sure, with a top above 100K. This is what we are waiting for, isn't it? Well, at least for the coming 2 years. Who knows, where we will be in 5,10 or more years.

Quote from: LFC_Bitcoin on June 14, 2019, 10:23:25 AM

Anybody here still mine?
Was half heartedly looking into it the other day, I suppose it’s not very profitable for a lone miner these days with UK electricity prices?

I continue to mine ETH and XMR with my new 13 cards rig. In Bulgaria the electricity is around 0.112 per kWh, so I have $100 profit per month. I have also 24 old cards, which are now not profitable. But half of my stash is thanks to the profit of mining in 2016-2018. I missed the big profit of ETH in 2017, and the BCH pump, since I sold it for only $200. I just so hate it that I couldn't stand it for a day in my portfolio. I am waiting for some pump of ETH/XMR to get 1BTC more.

P.S. And as the above comment suggests, I use for heating purposes my old rigs. During the winter I enjoy temps like 26C in my appartment Grin

Good morning WO brothers! I woke up with $9050, now it is $~~9280~~ 9300. I am speachless. Another happy day in my life (if I am still not sleeping - pinch me!) Grin

Are r0ach, gembitz and joinov looking and preparing a dance for WO 100K party?

I just realized that for a week we had 25% raise from $7500 to $9390. And this is in the middle of the 'dead' summer period. 339 days to the halving and the best is yet to come! Wink

"Bitcoin is booming to its highest price in a year and the Chart Master says it's heading straight for $10K"

https://twitter.com/CNBCFastMoney/status/1140732730872946691

Finally someone noticed that 2018 was a falling wedge pattern, which we broke on 1 April. IMO, 10K is too conservative even for a short term like a month. We touched $9500 yesterday, so we can expect to break the 10K resistance soon. Those who were waiting for 6 months to get a big correction, are getting extremely nervous. I can tell this by the number of posts (ignored by me) of n00bs like gembitz, joinov, r0ach, etc. who get overly exited with every dip which is a food for their sick brains that they will have the chance of buying at 2K and below. Grin

Every one should know the truth that if they miss the train now, they miss a profit worth of millions in terms of fiat. And this is the moment FOMO kicks off.

Quote from: Toxic2040 on June 18, 2019, 04:56:55 PM

We haven't even sustained a break below $9k, what kinda dump is this?

Because FOMO at $9K kicks off. Most of the new investors understand that they would take a huge risk selling now and waiting for some 1-2% drop below 9K. The risk is that if the price won't drop, they will miss the last train to get a profit 10x or more in near future. So the n00b traders who always sell when the candle gets red are left alone with no help from the majority. In this way the support channel gets narrower after each significant raise. So far the channel is 9-9.3K excluding the temporary peaks. It could be widened to 8.8-9.3K but would it be worth the risk for another 1% drop to miss the train? Of course no! And the majority understands it.

Polo trollbox is back (although not working Grin

). Expect massive pump/dumps of various shitcoins never heard of.

In the meantime, while everyone was occupied with FB shitcoin, the King is on the move again. Stabilizing 1-2% below the year high with a low volume and an icreased bid support is always a sign of an upward breakthrough. The 10K attack is imminent!

OMFG! I just woke up and saw the peak of 10915! Last night just before I went to bed, there was an epic wall battle on the good old finex. While stamp bid book was dangerously empty and the price started to plummet, a 600-ish BTC wall appeared on 9900 at finex. It was eaten by 100's pretty quickly. On stamp it was 9850-ish. Then another wall was put of 900 BTC. It was eaten in minutes. And then another 900 wall that started to be eaten by 100's and 200's sells, but after each sell it was replenished. This was the most epic fight to watch! I knew when I woke up there will be a pleasant surprise. But shooting to nearly 11K is beyond my expectations! Grin

Go BTC, go!

I just recalled some of my posts earlier this year:

Quote from: ivomm on April 03, 2019, 04:42:12 PM

Quote from: ivomm on March 29, 2019, 09:43:50 AM

The way to 10K is open! Go Bitcoin, go!

and

Quote from: ivomm on June 20, 2019, 03:48:25 PM

...

In the meantime, while everyone was occupied with FB shitcoin, the King is on the move again. Stabilizing 1-2% below the year high with a low volume and an icreased bid support is always a sign of an upward breakthrough. The 10K attack is imminent!

Now I say: the newest episode of "Bitcoin story: Every day a new ATH!" will be on theathers later this Summer.

Back to 11 000! This week will be very interesting! Wink

Ahh, what a pleasant surprise to wake up and see we are $~~12 069~~ 12130! If someone told me in March, when we were hanging above the cliff, what will be the price in June, I would have told him that the probability is <0.1%. But here we are, and who knows what BTC is preparing for us until the halving. I am starting to think it will be better to go on an unpaid leave of absense on some island with no internet and return after a year. I can't imagine what the price will be then Grin

I think there is a good chance we get a new ATH in the following weeks. Most of us expected it sometime after the halving, but things developed unexpectedly if favour of a much earlier ATH breach. I feel sorry for bears trolling about a correction at 4K, then 5k, then 6K,.... and now at 13K. But it didn't happen! These shorters are just comparing charts from previous years and trying to make predictions. But as their posts show, they have little or no knowledge of the current market situation. The fact is that there are so many circumstances that are different compared to 2017 and all are in favour of Bitcoin. I'll try to explain to those who didn't follow closely the market in 2017:

1. Why in 2017 there were so many 40%-ish corrections, and in the last 6 months we had none?

Answer: In Jan 2017, when the price was heading to beat the ATH at $1140-ish, a sudden news appeared on the website of PBOC (people bank of China). It threatened the major China's exchanges with a ban if they don't meet the requirements. This lead to a sudden 40% crash. Since back then 95% of all Bitcoin trades were made in China's exchanges, the panic was huge. Not only that, but similar news appeared multiple times in Jan, Feb and in Sept. 2017. There was the first ETF denial - another crash. Also, in June there was a decision for a fork, which stalled the market for the Summer. Then in November another more dangereous fork was looming, but thankfully it was cancelled. Then Bcashers started the attack of 'flippening' by selling over 100K BTC in a few days and buying over 2mil bcash. Of course, none of these news matter in 2019.

2. Was the price 20K too high and because of that there was a 80%-ish crash for a year?

Answer. Each time the last ATH is surpassed, traders feel fear whether the price is not too high. Since in 2017 the raise from 700$ to 20K was too big, this fear prevailed. The whole 2018 traders were afraid how low Bitcoin can crash and the buys were pretty low compared to the sells. Does this mean that the price was not sustainable if we exclude the fear? The answer is no, since the price managed to increase with so many bad news and corrections in 2017!

3. When we reach 20K will be there a similar crash?

Answer. There might be some 'bigger'correction because of the fear of repeating the history. But it won't last for a year and 3 months for sure, because of the next halving. If it happens, it will be for several weeks/months until the ATH is finally breached. The worst possible scenario is to have a day with a 40% crash from the top, and by the end of the day 20% to be recovered. Then slowly for several weeks the remaining 20% will be recovered. Or we can just blaze through 20K like a knife in butter, who knows!

And finally, two more observations:

4. Altcoins boomed also at the end of 2017. This was a huge loss of cash, that might have been used for buying bitcoins.

5. Compared to 2017, some of the volume of Bitfinex is now redirected towards Bitstamp, Kraken and Coinbase. This makes it more difficult for the price to crash. At the same time, the overall volume of all major exchanges remains half of what was in 2017 (Bitfinex was a beast then), according to https://data.bitcoinity.org/markets/volume/2y?c=e&t=b (not working ATM, and even if we include Binance, which wasn't a thing in 2017). This is because hodlers bring more coins after multiple ATH's and it becomes more difficult for the market to absorb the new coins. While now, hodlers know that 20K will be reached and breached and don't bring many new coins on the exchanges. So traders have fewer and fewer coins to buy. At the same time, tens and hundreds of millions new comers enter exchanges. Their fiat potential is much bigger than the newly mined coins, considering that even in 2017 their potential was most probably enough to reach 40-50K.

P.s. As I was writing this post, the price shooted from 12800 to over 13400!!! Way to go, Bitcoin! Good job!

Ok, this was the usual middle week sideways. I am waiting for the weekend pump Grin

The first support at 11800 was breached. The next support at 11200 holds so far. This is the price range since the crazy run began 2 days ago. Practically it was completely denied. It's around 19% correction from the AYH 13880. There is no reason or news related to the crash, so it is not logical to have additional 10 or 20% crash. The most probable scenario is to reclaim 12K until the end of the week and set a new AYH after a week. We are still in a bull market! Let the weak hands get their 1%-stop profit or even 10-20% "cut loss". We just need to stay above 10K for some time in order to breach 20K and stay above it for new highs like 50-100K in 2020!

P.S. As I was writing a good bounce to 11800 occured, which may be enough to stop the panic sells.

Now the last weak hands/minds are gone, let's resume the bull trend!

So far 25% crash from the AYH. Not impressed. Hodlers lose nothing, only weak hands lose, as always.

Quote from: Paashaas on July 01, 2019, 11:26:17 AM

Bitcoin price hits $76,000 on Zimbabwe LocalBitcoins.

https://bitcoinist.com/bitcoin-price-hits-75000-on-zimbabwe-localbitcoins/

Tomorrow I will buy a ticket and fly there. Grin

Come on, weak hands, continure to sell. You pave the way for a new ATH, just without you! I know pretty well their mentality: "(staring the chart 24/7) Jan-March. "I will wait for prices 2K".... May. "I will wait for 6k"... June. "It is over 13K, I should buy now. It is going to 20K"... One day later, still staring at the chart: It looks awful. I am doomed! I should cut my losses 25% below my investment, because there is no chance to get near that price ever again".

So, my question for the n00bs is: what are the odds of not reaching 14K again especially after the halving, provided that we hit that price twice already - in 2017 and 2019? I would say pretty close to 100%. I just wonder how the weak hands always lose money joining in massive pumps that usually end bad with a sudden drop and then selling not 1 or 2% but 25-40% and even 84% below their investment point. With such mentality, poverty is knocking on their doors.
...

Regarding the current situation, I think bulls are waiting for the volume to normalize by shaking off the weak hands. This may take some time - from several days to several months. But first, there is a chance for a double bottom at 10300-10500 area and then - boom! A new bull run with series of AYH's. For now RSI shows oversold, and probably bears have no power to destroy this support. But even if they succeed, I don't think that falling below 10K is bad, since the fools and weak hands will be completely removed and new investors with strong hands will come. I judge from my friends. Finally, they came to the conclusion to invest in Bitcoin and store it on HW, not on exchanges. They are hoping for prices like 6K, but I told them not to wait that much. Only insane people will sell at 6k, seeing what happened this year.

This "correction" starts to smell fishy to me. It all started with 800 BTC sell on CB that caused the crash from 13880. There is something suspicious in the way the sells are executed in CB in the last few days. Each time Bitstamp shows buying activity, some fat sell order on CB brings down the price with 3-4%. It looks as if some whale was in a hurry to unload tens of thousands of bitcoins in 11-13K area. And of course the weak hands follow with their panic sells. It may as well be a coordinated bears effort to look like the 2018 long and nasty crashes, but it happens too quickly. They may try to produce an awful chart, so that trolls will explain how Bitcoin is doomed. But at the same time they hope to cheat the n00bs to sell their precious coins before the halving. If some trolls are telling us that Bitcoin won't go beyond the ATH, they are lying. They know it as much as we do!

Some people are really sick. Bitcoin had so many 30,40,50% crashes and ALWAYS recovered. So, if you are a n00b that sold 30% from the top several days ago, I am sure you are willing to sell another 30% down in the next week, and then 30% in the week after. So just call me, I will buy your coins with 99% discount now, you don't have to wait! Hurry up!

Bitfinex Repays $100M of Outstanding Loan Facility to Tether
https://www.bitfinex.com/posts/394

I guess by selling bitcoins? This will explain a lot.

Quote from: El duderino_ on July 02, 2019, 03:08:05 PM

Quote from: ivomm on July 02, 2019, 01:06:28 PM

Damn pity payday wasn't today .... though you're a true HODLer and not affected by the current prices...

Oh, it's just a funny picture I saw on twitter. Of course I buy each month with the exception of the last because of yearly taxes, insurances and preparation for a vacation. When I return from my vacation, I will continue to buy no matter the price. Those dips started to entartain me and my father. Today we were on a hike in the mountain and talked about bitcoin, where it will go etc. We've became tough hodlers! And we are a good example to my closest friends. They are converted shitcoin bagholders, and now are determined to became true Bitcoin hodlers.

Good morning WO gang! Good to see 20% bounce took place during the night! Now the weak hands with floating-ready-to-sell bitcoins are gone, we are back on track for new AYH's. Well played bulls, well played! This is 2017 style classic! Grin

Quote from: DeathAngel on July 03, 2019, 09:25:14 AM

$11,037

The market is so volatile at the moment, the price is swinging in either direction a significant amount, multiple times a day.

It is quite normal after a 20%+ recovery from the crash to lose some steam with 5-10% drops. This is what happened many times in 2017 and after the big crash to 3100 - jump to 4K then back to 3300 for quite a long time. We have 2 possibilities now: to continue upward and reach new AYH's in 1-2 weeks, or to go sideways for a month or two (with a slight upward angle to 13-14K). Going sideways is not pleasant for hodlers, but is the foundation for all major bull runs. This will bring confidence in the new investors, that we are not going to crash after some insane bull stampede like in December 2017. The mentality of the people is such that if we go now straight to 20K, many will sell at least a portion of their stash. This will create a massive pressure with big volume on the market and probably a collapse back to 10K or even below. On the other hand, if we stay above 10K for some time and then gradually build up for 1-2-3 months to 20K, most of the hodlers won't sell anything in the anticipation of the halving bull run. This will create an opportunity to start the FOMO bull run by crossing the ATH with low volume. In this scenario it is possible to see prices 30K+ by the end of this year.

Funny video Grin

https://www.facebook.com/DankCoinMemes/videos/2255367118108623/

Quote from: wwzsocki on July 05, 2019, 09:58:39 AM

Dailly, 4 hours and hourly BTC price charts all start looking bullish again and I think we are going back to 12.000$. If bulls will be strong enough and brake the resistance at 12.000$, then the next stop could on this year ATH which is 14.000$. From a few days, charts with different time intervals and indicators show misleading readings. Today for the first time all of them turned out to strongly bullish. Here is the four hours chart.

I also think today was an important day but from another point of view: Since 2017 each 30%+ crash stopped with a 25% bounce for 1-2 days. On the next days 12% are lost and there are two options. 1. Bulls try to force a bull run to the previous AYH, which always ends by a more prolonged sideways and deeper crashes. 2. The price consolidates with low volume around this price range. This is very important for the stable and organic growth henceforth. Fortunately, this is what is happening right now.

Quote from: wwzsocki on July 05, 2019, 09:58:39 AM

BTC volatility is also beautiful because give endless opportunities to earn an additional 20 or 30% every couple of days. Of course, is not so easy to time the market perfectly but I think that BTC shows a lot of signs before starting to crash. I rather sell high and wait for the pullback with peace of mind and try to find the best entry point possible. Is just very hard to be calm if we lose 30% in a few hours. That is why HODL is not my strategy this year and I am quite successful with trading.

This year is perhaps the best example why hodling is way more profitable than trading. We had 4.5x raise of the price with 2 very short lived dips 20%+. If you are telling me that you predicted both dips and didn't sleep to catch the bottoms, then you are the best trader in the world. But the truth is that 99.99% of the traders didn't sold just at the moments before the price dropped. In all cases hodlers had the biggest profit. However, I must warn you that I sense some complacency and over confidence, that may play a bad game in your future trades. Based on the probability theory and the testimony of many traders, even if you make 10 successfull trades, they may and will be completely annihilated by the 11th, no matter how big genious you are. And then you will be vulnerable to the negative emotions and make other bad choices which may bring a substantial loss. Your philosophy is proven to be wrong by the founders of the HODL movement. Bitcoin is not a shitcoin to be traded for 10% profit and then dumped. If you think so, better go to Poloniex or Binance and trade shitcoins.

Quote from: d_eddie on July 05, 2019, 02:56:14 PM

Quote from: ivomm on July 05, 2019, 02:34:20 PM

Quote from: wwzsocki on July 05, 2019, 09:58:39 AM

This year is perhaps the best example why hodling is way more profitable than trading. We had 4.5x raise of the price with 2 very short lived dips 20%+. If you are telling me that you predicted both dips and didn't sleep to catch the bottoms, then you are the best trader in the world. But the truth is that 99.99% of the traders didn't sold just at the moments before the price dropped. In all cases hodlers had the biggest profit. However, I must warn you that I sense some complacency and over confidence, that may play a bad game in your future trades. Based on the probability theory and the testimony of many traders, 10 successfull trades may and will be completely annihilated by the 11th, even if your are genious. And then you will be vulnerable to the negative emotions and make other bad choices which may bring a substantial loss. Your philosophy is proven to be wrong by the founders of the HODL movement. Bitcoin is not a shitcoin to be traded for 10% profit and then dumped. If you think so, better go to Poloniex or Binance and trade shitcoins.

I respectfully disagree. I am significantly better off for trading with a part of my stash - what I call the play money. At heart I'm a hodler, but I can't always (ever?) buy as much as I'd like, so a bit of trading on the side helps a lot. As to the 11th losing trade annihilating the previous 10 winning ones, I think it boils down to being careful and sticking to a reasonable quantitative plan. You win, you take it off the table. You lose, you lose and eat it and go on.

Of course, looking for exact tops and bottoms is a recipe for disaster. My point is, you don't need to catch the extremes to be profitable.

Disclosure: I've got a green long position which I'm getting a bit impatient to close, and a smaller short position, in the red, which I'm hoping to make a bit larger averaging up, ladder style. When the two positions are equal, my net position stays put, more or less, since one makes up for the other. Then it's a game of consuming the winning side and then the other one, aiming to reach the null point (0 long, 0 short).

Many shorters burned this year, and you know it. For 6 months they kept losing money. Finally, there were some profit at the last drop, but who cares. If you are "hodler" and try to make some profit with 10% of your stash, this is just a child game. Ok, lets think about my points. Let's say that at 4500 you had 10% profit. You took it, right? Then patiently you waited for a dip to 3K-ish but it didn't happen and never will be. Then at 13K you enter again and made another 10% profit. You took it, alright? At the same time the hodlers made 4.5x profit without doing anything! Ok, now, let's see the other situation. You want to increase your bitcoin stash and sold multiple times in 2018 with some 10-20% or more increase of the stash. Let's say you doubled your bitcoins in 2018 with 10 trades. And in 2019 you sold at 5K. At the same time the price wen't 4.5K from the bottom, so again you have 2.5x less coins now, if you were just hodling. So what is that you 'respecfully disagree"? But if you think you are smarter than the holders, go ahead, nobody is stopping you. I am just warning the n00bs that think too high of themselves because of 2-3 successfull trades. Bitcoin is not for wanna-be-quick-millionaires n00bs. Bitcoins is for those who value it more than the fiat, tether and the other shitcoins.

I wonder what happened to all those 'pundits', who in December 2017 came here and told us that the old king Bitcoin is ded and the alts are more advanced and going to replace it? Or those shorter trolls that told us the price above 10K is not sustainable. Hello, where are you? Bitcoin is doing just great and stabilizing above 11K with the typical for the calm days volume and less and less price drops. We may go sideways for several weeks or months, but this is good. Those who waited for 3 months and didn't buy when the price was under 4K, now regret bitterly. In the same way will regret those who didn't buy at 11K, when the next bull run takes us in the hot zone around the ATH.

O.o Out of nowhere jump to ~~11850~~ 11900 and going up. Any news?

Quote from: Lambie Slayer on July 08, 2019, 10:54:32 AM

This looks like a weaker version of the failed pump attempt on July 3rd that couldnt stay over 12k.

The difference is the volume. It was 4x bigger on 3rd July. So it is 4x easier for the bulls to sustain that price now. This year bulls perfected their technique. They wait for the price to stabilize and the volume to drop and then pull the trigger. We will see how high we can go sneaking past the bears without attracting too much volume. The truth is that CB and Bistamp can't handle big volumes as we saw near 13800. The trading bots frenzy fried CB servers on multiple occasions so far. Anyway, I can't understand the n00bs that wait for some appocalyptic drop to enter. Just buy and wait long enough. But what usually happens is that in such crashes those n00bs get greedy and wait for another crash that never happened. And when they see 2x profit, they can't resist to cash out. Why is so hard to buy at the current price whatever it might be, and set a target at least 5x? I decided for myself 10x target, but I may change it to 20x if I am not in the need for something.

Quote from: bones261 on July 08, 2019, 07:53:14 PM

Quote from: realsteelboy on July 08, 2019, 07:44:07 PM

AYH by the end of tomorrow please.

It would be nice if the price of BTC got all the way up to 20,000 USD by tomorrow. However, I am almost positive with such a rapid rise, we would have a very deep correction, since many people caught in the December 2017 parabolic rise would love to unload and be done with BTC.

Ok, so many guys misunderstood it, that I can't ignore it anymore. realsteelboy said AYH which means All Year High, not ATH=All Time High. Please stop misquoting such posts Tongue

There is a new SEC commissioner Allison Herren Lee. Hopefully she will be in favour of Bitcoin ETF.

https://twitter.com/HesterPeirce/status/1148595617863782401

Quote from: mindrust on July 09, 2019, 03:45:38 PM

I am pretty sure shitton of people will be unloading their stashes like there is no tomorrow when btc starts to go above $50k. Not many will be left to hodl a full piece when it hits $100k.

When BTC goes above $100k and hits $1m, those who sold from $50k will be very sorry unless they owned and dumped at least 20 btc.

Yes, people tend to sell as if there is no tomorrow. We saw that when we reached the modest price 13800. People started selling so heavily that the profit turned into a loss for many. Only a day after the 13800, they kept selling down to 9700! We've seen many such crashes in 2017 and they all ended with 25%+ recovery. The next day it happened! We were back above 11K. I can only imagine how stupid those weak hands felt!

In the same way, we may have such crashes at any price level if the increase is too steep for a short time. We may fall from 50K to 30K for a day, and on the next day to be at 40K, and in 2 weeks above 50K. It could take longer, of course. It could take even a year, like in 2018. This won't be pleasant at all, of course. But if that is the price for becoming a millionaire, so be it!

I still remember 10 years ago, when I went into the bank and made a 5 year deposit with 4.5% year interest. I lived happily through those 5 years taking my profit. Until I heard of Bitcoin. What will be the interest of my Bitcoin deposit in 5 years? Incredibly high, for sure. Therefore, the price of suffering one more bear year is insignificant compared to the prize after that.

And finally, if someone truly loves Bitcoin, he won't be happy to sell all of them and to stop watching the price. It just doesn't work. He will learn one way or another. After 5 years, when he spent all of his fiat money, and hears on the news that Bitcoin reached a record heights 10x, 100x or more than the exit price, that feeling will kill all the joy he had when he sold them. Especially, if he has kids, who now have no money for a college or a medical treatment. My point is that we have to think in perspective - not for the next day, month, or year, but for a generation ahead. We have to be very careful what we sell and what we leave for the years to come. I've been thinking about it for 2 years and still don't have a clear and sound plan. I have to wait at least a year and see what will be the price after the next halving. Then I can make a better plan. And hopefully, my emotions won't interfere to sell most of it way too early! The other hard thing is to live with a profit that changes both ways by tens (hundreds, etc.) of thousands each day. That is no easy too! But this is our occupational hazard!

Just a lil shaking off the weak hands. As if bulls are saying: "Give me your bitcoins NOW!" (so that n00bs won't have them when 100K)

Quote from: El duderino_ on July 10, 2019, 06:16:23 PM

Quote from: subscriptiondelivery on July 10, 2019, 05:32:22 PM

Sold everything in 13k.X range.
I'm little afraid we dip more untill 8-9k before a big up.

That makes sense.... to sell all before afraid we DIP small before a big UP

WTF, where do those guys come from Roll Eyes

So you not afraid if we go up and you left behind with no corn or have to buy at higher prices....

Dude when do you guys learn HODL is the way buy more when it dips start DCA'ing your stack man....

And more important be happy with your FIAT in BTC cause that where your wealth is stash't better anyway, be happy with less $ and more BTC

THINK HEALTHY, you're in the big boys space here!!! Cheesy

I also noticed 2 newbie accounts informing us they sold their stash (which most probably is way below 1BTC). These are the exhibit A of weak hands/minds a.k.a. losers. They sold down to 9.5K, then entered at 12 500, then sold down to 11600 and will wait to reach 12500 to enter again. Ask them why they do it. They don't know. Just some cursed by the fate morons that polute both the market and this thread. But their loss is our gain. It is better for the bull market to shake off the weak hands as early as possible.

Quote from: mindrust on July 11, 2019, 07:03:53 AM

There is nothing to worry (yet). The bullrun is still in play. ATH @ $50-100k incoming. (as long as we don't dip below the orange line.) Even a pull back to $7k is OK at this point and would provide a good (and probably the last) chance to increase your number of coins.

1 day left to super golden cross. Everyhing is awesome.

It looks like the drop from yesterday is over. RSA on the 1 hour chart was 22 on the 2 drops to 11800 and 11200. This is lower than the 2 drops that led to a 30% correction 10 days ago. But even if we have another leg down, it won't be a problem. It looks like the bulls are shaking off the last coins (a.k.a the classic bear trap) before the next leg up. I expect it to be in the 17K-18K area, where bears will have the last chance to bring the bad memories of 2017's end of the bull run. But I have a gut feeling that breaking the ATH will be easier than staying above 13K. For some reason, this price attracts some n00bs to cash out. I can't find a proper word for an investor, who sells 313 days before the halving after 6 months of easy breazy bull run, showing that the potential is truly high. There will be some bumps on the road to 100K, however. I expect them around 28K, 48K, 75K. But we shall see of course.

Quote from: LFC_Bitcoin on July 12, 2019, 04:57:04 AM

Just saw the anti bitcoin Trump tweets. I’m surprised the price didn’t dump due to weak hands, I guess it just shows us that the market has matured so much. A couple of years ago that tweet would have made the price crash 30% or something.

Keep HODLING gentlemen!

Nobody is expecting Trump to say he is a fan of Bitcoin and is going to buy some Grin

The fact he is tweeting about it with a negative tone is actually a good advertise. Not many people like Trump in USA and especially abroad. And even his fans are aware of his economic ignorance. On the other hand, what the Federal Reserve Chairman Jerome Powell said, comparing Bitcoin with gold as a store of value, has a much bigger significance. In short: he is an expert, while Trump is a n00b. Everyone knows it Grin

The next 24 hours are critical. If the bears fail to bring it down further, the bulls will have an open seson to shoot down the bears and kill the ATH.

Quote from: JayJuanGee on July 14, 2019, 05:30:37 PM

Quote from: ivomm on July 14, 2019, 05:19:44 PM

The next 24 hours are critical. If the bears fail to bring it down further, the bulls will have an open seson to shoot down the bears and kill the ATH.

Are you talking about ATH or AYH?

Seems a bit too premature to be talking about ATH, just yet, right?

Don't we gotta get above AYH first, and also once we get above AYH, there could be some resistance in the $16k to $17.5k arena that slows us down in terms of getting to ATH..... yet I tentatively believe that once we get into the $17,500 or above range, then there could be a bit of "inevitability" that gets factored into BTC price dynamics, and sure nothing is a given in BTC, but kind of still seems that $17.5k to about $24k is going to remain a kind of deadman's zone... Surely, you can trade a bit to kind of protect yourself just in case the less likely scenarios play out, but the more likely bet is that we are not very likely to get stuck in the $17.5k to $24k for very long, unless we shoot significantly past them first.. perhaps $40k-ish minimum...

By the way, personally, I still will sell a bit of coin in the $17.5k to $24k price range as a kind of mechanical insurance, even though I kind of consider selling in that whole range to be a kind of charity from me to BTC 's market liquidity - while at the same time, I just have some difficulties diverting too much from a plan and schedule that I have already developed that seems to work pretty damned well for my own situation including my psychology.

I meant ATH but in 3-6 months perspective. If the bears push the price way below 10K, it will take more time to breach the ATH. The bulls on the other hand want to breach the ATH as early as possible to drive the price in the 40-50K area after the halving. I agree with you that there will be some resistance at 17-18K. But I think the bulls will be prepared for this important target and there is a chance we would pass the ATH without a correction at 17K, just like we breached easily 10K. Of course, the correction around 17K is more probable, but I won't bet on it to trade. My stash is so small that I can't afford to lose any of it in a bad trade. I just value Bitcoin more than the fiat. If we are going down, I am only sad because I am not able to predict the dips and rebuy lower. I never regret for the lost fiat value. I never play lottery, but if I play and win millions, guess what I would do with most of it! That's right, I will buy bitcoins! I would love to have several hundreds of millions and execute a direct buy on some exchange to shoot the price up by 20%. And one day if I sell, I would sell carefully in small portions only what I need in real life. Not like those morons that crash the market with panic dump sells. Oh, I got carried away... I am sitll poor in terms of bitcoins

As for the fiat, I have exactly the sum I will be paid until I retire, so I am not fiat poor at least in my shitty country.

It looks like we've just bounced from the double bottom at 10K. Let's go to 11-12K as quickly as possible. Cool

P.S. Do you remember, when 5 months earlier some of us thought 3100 wasn't the bottom Cheesy

How would this 10K bottom sounded in our ears then - an impossible dream. So there is absolutely no reason to be unhappy!

Jeez! Bears are hungry for n00bs flesh. Boring! Hopefully, the n00bs will rebuy again, otherwise they will be left out of the train. I wonder how many of them that sold at 3K area for 3 months rebought higher or became hater nocoiners. The same will happen wiith those that sell now, if they don't commit suicide when they see the prices next year. But I don't care! I am going to play some rock with a friend of mine. Grin

In 2017 we had multiple crashes that led to 40%+ drop from the previous AYH. And the price always recovered. In the last month we had 2 crashes that led to a 33% drop from the AYH at 13800. Should we be worried? I'd say no! On the contrary, we should continue buying and removing bitcoins from exchanges. I still think that we may cross the ATH of 20K this year, but if not, after the halving this is certain. Therefore have no fear, just BTFD!

Double bottom would be good. Higher low even better. For now it looks more like a bear trap. The support at 9K in CB is pretty good. Who knows, may be this was the critical moment when bears lost their temporary control. From now a new long bull leg could form up to 17-18K area.

Try to keep a straight face, while the secretary of the treasury is telling you, cash is not used to launder money, but Bitcoin is:

The interview with Mnuchin:
https://twitter.com/i/status/1151817678157484034

Mi sa likey thisa pomp!

P.S. Few hours earlier when we fell to 9400:

Quote from: ivomm on July 18, 2019, 01:04:40 PM

From Congress hearing: The change is here. Bitcoin is An Unstoppable Force.
https://twitter.com/i/status/1151602053405450240

Quote from: fillippone on July 19, 2019, 08:38:20 AM

Ouch:
*U.S. REGULATOR PROBING CRYPTO EXCHANGE BITMEX ON CLIENT TRADES

Just rewind a few days ago:
WAS BITMEX ‘AGAIN’ BEHIND THE LATEST BITCOIN FLASH CRASH?

And yesterday opposite move, a huge jump in minutes.

Exchanges under fire after suspicious ETH crash and today’s BTC spike

Closing this fraud exchange will be quite bullish for Bitcoin. We might have been at 100K already if Bitmex didn't exist.

Weekend pump are back! Shocked

Edit. 11 000 is back too, bitches!

https://www.newsbtc.com/2019/07/20/bakkt-bitcoin-futures-has-reached-critical-mass-expected-to-launch-in-q3/

Yeah, and confirmed sources told me that bakkt will launch in Q4 2019... or Q4 2020.

Yesterday on the news in Bulgaria there was a reportage about some mining facilities that stole electricity form the nearby villages. But what suprised me was the narrative: "Currently Bitcoin is traded between $10 000 and $12 000, and it is expected to be over $20 000 in the next year." And I thought only the hodlers are convinced that this will happen next year. It appears that even the sceptical journalists are convinced too. The same journalists who in 2017 were speaking of a "buble, tulips", etc.... This is so bullish!

Edit. I appologize if it was posted before, but many are on my ignore list Wink

From the official twitter of Bakkt:
Today kicks off user acceptance testing @ICE_Markets for the Bakkt Bitcoin Daily & Monthly Futures contracts
Testing is proceeding as planned with participants from around the world

https://twitter.com/bakkt/status/1153386876801310730?s=12

And back from my beach holiday Wink

It is so refreshing to see that we are well above 10K again! During the holiday I tried to look at the price as little as possible, but I couldn't resist. Yeah, I saw that dumbass whale dumping from 10200 to 9500. Another super duper clever shorter on Bitmex, I guess. Anyway, July is traditionally a weak month for the price. So, staying above 9K and even better above 10K is a strong bull sing for the coming months. With the support slowly but steadily building up, the chances for a plunge below 9K are getting slimmer with each day. Recalling that earlier this year we were hovering on the rim of 3100, this price development is simply amazing. To be honest, I was thinking that reaching and staying above 10K would be possible sometime around the halving or even later. Now I am thinking that breaking the ATH in the worst case scenario is due to arrive around the halving. But most probably, Bitcoin will surprise me again with an earlier ATH (may be this is the beginning of the bull run for it). Wink

Usually, this thread is flooded by trolls during dull and bad days, but why today? I don't get it. Unless... they are so desperate having sold too early and seeing now the price, so the only thing that comes to their sick minds is to come here and do some shitposting with the same taste in their mouths. Guys, get a grip, Bitcoin is heading for another massive and long bull run. Buy now, hodl for 3-5 years and all your misery will be gone one day when you see the result. But if you are thinking that you can make a big hit with some pump/dump shitcoin, this is your sick brain that will lead you to a destruction. Nobody here is to blame when you cry in pain and misery. Transaction fees, speed, bla bla bla. This trick will not work on the minds of the jedi here in WO! Tongue

Good morning WO gang! It is so refreshing to wake up with a 8%+ daily increase and 25%+ weekly increase. It is equally fun to see a 10x increase of ignored troll's posts here. The pain must be real. Shitcoins and shorts getting rekkt again like:

Quote from: Bossian on August 05, 2019, 08:52:50 AM

A good day.

Sold 30% of my assets for a +24% profit.

Best of luck everyone.

This made my day Grin

Oh, dear, you are not joking.

Do you realize that if you bought and held since Jan-March to now, you would be sitting on at least 350% profit? I don't think there are sane peeps in this thread that enjoy 24% profitl?!? What is that?!? Not to mention the majority here who invested in 3 or 2 digits and still didn't cash out that much? You must be a newbie both to WO and Bitcoin. Oh, boy, another proof of my earlier posts that most of the daily traders barely get any % of profit, while hodlers enjoy profits like 3x-10x-100x etc...

During the winter of 2019 I was mentally preparing for 10K sometime around Dec 2020. I wouldn't give even a 1% chance to stay above 10K in the Summer of this year. For >20K It didn't even cross my mind it was possible this year. But here we are - nearly 12K for the 3rd or 4th time this Summer. With that pace we will be >20K way too soon than most of us expected.

I've read multiple times by newbies in this thread that the 2017 run can not be repeated because then Bitcoin was in the news all over the world and that caused the run. This is BS! This happened in late November and early December when we were already around 10K. Do you think that many peeps that heard about Bitcoin, say in 1. Dec 2107 registered in some exchange and bought by 15Dec? No! I know thousands of people because of my occupation and I must tell that not even 0.1% of them bought bitcoins. On the contrary, because of their ignorance some of them bought the leading 3 shitcoins which names I don't want to write. Why - because they looked cheaper from a few dollars to several thousands (never heard of a market cap, n00bs). Now each of them changed their mind and regrets for not buying at 3K. I encourage them not to wait anymore but to act decisevly and invest now.

TD;LR What happens now is a natural growth because of the lack of supply. The average Joe is much more informed now and prefers to buy and hodl and not to gamble on exchanges. There are some psycological barriers like 20K, 50K, etc. but with time each of them will fall. 286 days before the halving and nothing to be afraid of. Buy and hodl!

Shake, shake, shake, shake, shake it off
Weak, weak, weak, weak hands, fuck off
Enjoy your cut loss, loss, loss, loss
Shake it off

Good morning WO! It seems that the support at 11400 has increased dramatically in Bitstamp. May be another leg up will follow shortly that will lead to a new AYH. Holding my breath Grin

For me August is perhaps the most stable month regarding the price. After the bull runs and the following corrections are gone, the price stabilizes as close to the real sustainable price as possible. For that reason, I've made a small table of the prices on 9th August for the last years and a prediction for the following 2 years.

Aug 9 2015 - $260
Aug 9 2016 - $589 (2.26x increase comapared to the previous year)
Aug 9 2017 - $3 400 (5.77x increase comapared to the previous year)
Aug 9 2018 - $6 500 (1.91x increase comapared to the previous year)
Aug 9 2019 - $12 000 (1.84x increase comapared to the previous year)
Aug 9 2020 - estimate $24 000 (2x increase comapared to the previous year)
Aug 9 2021 - estimate between $48 000 and $138 000 (between 2x and 5.77x increase comapared to the previous year)

Quote from: El duderino_ on August 12, 2019, 07:37:42 AM

Quote from: Bossian on August 12, 2019, 07:06:46 AM

It will be a downwards move IMO.

As said previously in this thread, sold last week around 11.6k, now placing an order buy at 10.6k.

Confident on this one.

We just came from 10.6 not long a go..... why didn’t you bought Then.... Undecided

Because he is a chart pundit. But there is another solution to his linear problem, besides a crash to 10600 now. If he draws a parallel line at 11400 he will get another crossing point in a week or two if that is what he is looking for. Grin

Oh dear, such n00bs are cracking me up with their charts skills Grin

I would bet that they will hardly get more than 30% profit in a good bull year with a 400%+ increase like the present. And then they will come here full of pride and joy and teach the holders with 100x profit. Grin

Hilarious!

Wow, what a 10% crash! Shocked

Is that the reaction the bears were hoping for? Because nobody cares. The bull mood hasn't changed. Even alts are gaining related to BTC, which is a bullish sign. So, if a few organized bears drop 100K BTC on various exchanges for a day, it is their loss only. By now even the new kids heard about the coming halving, so nobody is thinking of selling. 277 days only, so BTFD!

I almost regret spending $800 on my vacation, but on the other hand I skipped last year and was buying like crazy. Grin

I will continue to convert my salary by instant buying. Hopefully I will be able to buy with about $600-800 at the end of the month. I noticed a post here of some thought from twitter, that times has changed and now hodlers keep as much fiat as they are ready to lose. So true, especially regarding the credit cards and deposits in shitty banks in shitty countries!

Currently Argentina is an expample of a hyperinflation, where Bitcoin has a 10% premium. 2-3 decades ago my country had a horrible hyperinflation. Our savings were completely annihilated by it. The banks were tempting by very high interests, but the local currency lost 98% of its value to the $ in 3 months. And the salaries dropped to 3-4$ per month. Not that now they are especially high - the average salary is $800 per month. So more and more people decide to withdraw from the banks their savings and buy and hodl bitcoins. The banks are scared and some of them don't allow transfers to and from all crypto exchanges. Fortunately, there are several banks that still allow it. But it is better to be your own bank by storing your coins on HW or other ultra secure way. Considering some deposits require 5 years before withdrawing, with 1% interest, imagine what will be the price of Bitcoin in 5 years. There will be 2 halvings by then. 50K, even 100K, doesn't look so impressive, right? Who knows, by then Bitcoin may be chasing the gold's cap. Wink

And if you keep only 2.5 BTC, you will be a millionaire then.

This is really sad for all these people that dump as if there will be no tomorrow. I can understand if some whales/hackers had to sell tens of thousands of coins for some reason, but I can't understand those who are led by emotions and lose much in a matter of hours. The 4/6 hour RSI has never been that low... may be when they dumped from 6400 to 3100. Anyway, I initiated a small $300 transfer to an exchange a little bit ahead of the plan. After 2 weeks I will be able to buy coins with another $800. I won't need money until 2021 at least, so this is another good opportunity to increase my stash. And I can wait much longer if that is necessary to get at least 10x profit. Wink

Observing $10350. This is not only a good 10% recovery but also a strong bullish signal. To be able to cross two resistance lines at 10 000 and 10 200 less than a day after the bottom at 9400-ish is awesome. The major resistance at 12 000 is the next big target. This time there will be no mercy. Go bulls, go! Cheesy

Quote from: mindrust on August 16, 2019, 06:04:12 AM

Bad news.

After yesterday's green everything is awesome candle, we got the red candle again, at least for now. Looks like it is going to test that 9.2-9.3k.

I'll buy some serious amounts if this goes below $8k. and I don't mean small potatoes like $100.

Any post starting with "bad news" smells like FUD to me. Recently both mindrust and lambie are posting their predictions based on nothing (I recall a better expression, but I don't want to be rude because I really liked these guys at first). It looks like they are trying to influence the others with their repetetive 4900 resp. 7000-8000 claims. Guys, you are very new to the Bitcoin world. The market punished you for 6 months, now you are hoping to catch back what was missed. It is better to be honest and not lie to us. Learn your lessons, invest regularly and don't try to cheat the market, it will bite you. Leave the trade and FUD trolling to the pro's. Don't go to the dark side! Grin

Finally, my deposit of $300 arrived at the exchange. Unlike some others, I enjoy market buys no matter the price. After 2 weeks I will buy with another $800. I will sell them when I make a 10% profit.... Just kidding of course. Anything under 1000% profit is out of consideration for me.

And all goes to my HW. Although some of the investors trade with a portion like 10%, I refuse to trade. The reasons are multiple - not your keys not your coins, hazards of the market and last but not least, every selling damages the ecosystem. Imagine if all investors decide to sell 10% of their stash after each small increase on 3-4 exchanges. That's around 1.8 mil coins (or a "bit" less if we count the lost coins)! So, for me such bahaviour is irresponsible and holding back the growth of the price. Thanks God not everyone is like that.

Quote from: fillippone on August 16, 2019, 03:18:21 PM

YOU CANNOT CALL IT A DAY WITHOUT A BAKKT NEWS!

Bakkt Says It’s ‘Cleared to Launch’ Bitcoin Futures Next Month

Quote

The Intercontinental Exchange’s young subsidiary announced Friday that it had acquired a New York state trust charter through the New York State Department of Financial Services (NYDFS). The approval clears the way for the company to begin offering its highly-anticipated physically-settled bitcoin futures contracts. The company intends to launch its products on Sept. 23.

Orginal Bakkt Blog Post:

Cleared to Launch

Quote

One year ago, we announced our ambitious vision to bring institutional infrastructure to digital assets with an end-to-end regulated marketplace. That vision will be realized on September 23 when Bakkt launches custody and physically-delivered daily and monthly bitcoin futures contracts in partnership with ICE Futures U.S. and ICE Clear US.
Our contracts have already received the green light from the CFTC through the self-certification process and user acceptance testing has begun. With approval by the New York State Department of Financial Services to create Bakkt Trust Company, a qualified custodian, the Bakkt Warehouse will custody bitcoin for physically delivered futures. This offers customers unprecedented regulatory clarity and security alongside a regulated, globally accessible exchange in a market underserved by institutional-grade infrastructure.

Finally, they got the approval! Let's see if the market will react positively to this huge news! It seems for now that the upward movement has resumed.

Bears plans for sub 10K are caput. Bakkt trumps the Chinese FUD Grin

Quote from: Pente on August 16, 2019, 07:38:36 PM

Seeing the article on CoinDesk about Bakkt reminded me of my magnr.com, where I use to speculate on margin about half a decade ago. Anyway, I went to the site and they seem to gone except some splash page and a broken link for previous customers.

Anyway, I tried googling them for more information about their demise(?), but cant find anything informative. Figured the best place to ask is here amongst my fellow speculators. Does anyone know what happened to them? Do they have a new site? Huh

The article was updated here:
https://www.coindesk.com/bakkt-says-its-cleared-to-launch-bitcoin-futures-next-month
See also their official announcement:
https://medium.com/bakkt-blog/cleared-to-launch-8dfc3e6f9ed0

Quote from: El duderino_ on August 17, 2019, 07:29:39 AM

Naaaah you good man (@mindrust)

Keep speaking your mind/thought cause thats why we are here for

And if people would think wrong or wouldn’t like what you think, Then thats there problem!

Of course, Mic, nobody is forbidding anyone from speaking. Obviously not even neo-nazis like r0ach, unfortunately. But there are people who may be tempted to use their reputation to imprint fear in the others (which is a definition of FUD). How we can recognized it? If that person starts with something like "Bad news" when there is no news, or makes a bearish predicition which he repeats... I don't know, may be 10 times or more in the last 6 months. And if he openly admits that he missed the oportunity to buy at some price. Then it is obvious to me that we should not be influended by his dramatic chart analysis. That's all.

May be they are wonderful persons in real life, but not everyone is so good like you Mic to give prizes and encourage others with the best possible advices. I've became a convinced hodler because of people like you, JJG, 600Watt, LFC Bitcoin, etc.... I mean, my ideas, education, understanding about Bitcoin meet completely theirs. Not because I believed the gloom and doom predictions. So my mission is to say openly the truth and encourage all to turn their back to the panic selling or waiting for unreal low prices because of trolling, FUD, etc.

And as for lambie and mindrust, I believe they need some time to develop the right thinking. In this respect I said they are new to the Bitcoin world. Others learn faster. I needed only 10 months in the midst of all the fork and Chinese ban drama to develop my thinking and mental resilience both in losing and winning periods. But not everyone is the same. The problem is that the time is limited. And if someone is on the wrong track, soon he will miss the last oportunity for a massive profit.

Quote from: 600watt on August 17, 2019, 08:32:39 AM

Quote from: LFC_Bitcoin on August 16, 2019, 08:13:17 PM

Quote from: JayJuanGee on August 16, 2019, 08:01:13 PM

Quote from: BobLawblaw on August 15, 2019, 04:54:52 AM

Sorry to interrupt, but can someone please let me know if I should be panicking at this point, because, TBH, I'm seriously, SERIOUSLY thinking of just tuning out anything Bitcoin related until after the halvening and just focus on IRL stuff for a while.

Think I'm finally finding a good IRL routine that is keeping me somewhat entertained and productive. Starting to really get the hang of this retirement thing.

Watching Bitcoin tank like it is, just makes me sad. I don't need it until 2021-ish anyway...

Bah. Someone hold me. No homo.

Tune the fuck out. You don't seem to be able to handle it anyhow. These are normal BTC price movements, including 20%, 30% and sometimes even 50% corrections during a bull market, and you keep wanting to panic from these kinds of normal BTC price movements.

Yeah, Bob chill out man. You’ve been through a couple of bitcoin cycles now so you know what to expect. I’m the same, I panic sometimes but look at the bigger picture. You’re already independently wealthy, I can promise you that you’ll be a lot richer at the end of 2021. Everything before then is just noise. The halvening will do what it always does - Limit the supply & with increased demand comes higher prices.

Moon by the end of 2021!

Smile!

hodling btc is not easy. especially when you doing for years and years. seems to me that lots of hodlers (including myself) from time to time get really stressed out about it. the volatility. the FUD. waking up in the morning and you need to check charts on mobile to make sure you did not get broke overnight. almost no one to talk to about it, except the brotherhood of WO. msmedia painting btc as "terrorist/drug money". all the scams. all the shitcoins. how much is enough? hodling is a 24/7 job and it does not forgive weak moments. it changes the hodlers mind.
bob, you did everything right. be proud.
stay strong folks.

That's what I was talking about. For me 600Watt is a true inspiration of a resilient hodler. I gave my last 2 merits! I suffered the same hardships for the last 2 years. I learned quickly from my early mistakes and then I endured hodling in 4-5 cycles of profit/loss. And I don't feel the need to have fiat as an insurence to keep me calm. Yes, I check the price a bit too much, but I don't get too excited when the pumps/dumps occur. Now I have some profit which I sacrifice for a profit that will meet my life changing needs. One day. I hope. Nothing else can give me such a big hope to become a millionaire. Not my work, not the lottery for sure. With my modest income I catched the last train. For this purpose I need only to stick with my personal strategy to invest until I start cashing out the corresponding coins with 10x+ profit. (I am not saying that in 10x I will be a millionaire. It's just that I can build a big house and live a normal life with the profit.) Nothing less works for me. And not even one attempt to increase my stash by trading, because it can destroy my plan. No need for that!

Quote from: 600watt on August 17, 2019, 09:13:28 AM

Quote from: ivomm on August 17, 2019, 07:59:10 AM

Quote from: El duderino_ on August 17, 2019, 07:29:39 AM

Naaaah you good man (@mindrust)

Keep speaking your mind/thought cause thats why we are here for

And if people would think wrong or wouldn’t like what you think, Then thats there problem!

ivomm, i mostly like your posts. but here, regarding mindrust and lambie, you went on the wrong boat. it is a bit weird to suggest seasoned hodlers like mindrust they need to change their thinking.
re read his posts, i don´t think he is a bear at all. let´s not get into strange fights, we are in the same team. please consider to apologize and let us move on.

I disagree. Lambie said multiple times he expects a drop to 4900. And during the long 3 months climb he constantly said he is short term bearish. He was not right. He was hoping to buy at these levels but he will remain with the hope. The same applies for mindrust. He said he expects a drop to 7.5-8K, when he will enter with big money. Again, he will remain with his hopes. Such thinking is immature, no matter how long they hodl. I respect them, but this thinking may prevent them from realizing big profit. And if they post numerous times how they believe this will happen means something more for me: FUD.

Good morning WO! It is nice to see a lil pump during the night, although it dried a bit. But it is better to have a normal and steady increase than buy the news sell the fact kind of pumps. Let's hope the traders realize than after the launch of bakkt, it will have an actuall effect on the price. Unlike the CME futures, bakkt will operate with real bitcoins. So, clearly, these bitcoins will be removed from the regular exchanges, which is good. There are however several questions that still need to be answered.

1. Will the clients be able to simply buy and hold bitcoins in bakkt custody, or need to make a futures contract? If they need to make such a contract, can it be made in such a way that it is a mere formality, i.e., the profit/loss in terms of bitcoins related to the right/wrong guessing of the price in negligible? And for how long they can be held there? I've read somewhere it is up to a year, but what happens afterwards is not clear.

2. Will all clients of bakkt be allowed to deposit/withdraw bitcoins? If both actions are allowed, then bakkt will be pretty much like a regular exchange and the price of bakkt will influence the price on the other exchanges. But if bakkt's staff only buys/takes bitcoins from OTC desks and not from every client, then the price of bakkt should not influence the price on the other exchanges, since nobody will be able to move coins and sell them on bakkt.

3. What is the expected amount of new bitcoins entering bakkt each month? The chief of Coinbase tweeted that for this year their custody has attracted $200-400 millions per week from institutions. This would mean around 100 000 bitcoins per month at a price of 10 000. If this is true, it explains why the volume in CB is so high this year (2-4 times higher than in 2018). Are we talking for a similar amount, smaller, or bigger - like an ETF would attract?

These are the questions that spring to my mind. Hopefully, we will soon get some answers by bakkt's staff. For others, we will have to wait several months.

When someone says: "We'll never see 4 digits again"
Me:

For some reason there are still people buying high and selling low. I can understand the mentally of a sick trader, who with bloody eyes sells in panic when his loss approaches 10%. But to do this constantly, and with such good news like bakkt and the halving is just beyond the sick mind. Of course, the clever buyers will use this new and little expected opportunity to increase their stash. I recall when in January I posted something like: "I just bought bitcoins from someone who will buy them from me above 30K hoping for a 10% profit which probably will be a 10% cut loss". Then I was mocked by a number of bear trolls, who explained with their charts that the bottom is way below 3k and that I will sell then and they will buy from me. This never happened. Moreover, these guys are the same that buy now at 11K and sell at 10K. But again: in one week I will buy from someone who is willing to sell now, and one day I will sell at 100K to that same person who probably with bloody eyes will cut his loss a day after.

How much brain is needed that if you buy following the trend and sell with a 10% profit, then buying again but selling with the down trend cutting loss at 10% is a never ending trading cycle? Learn to hodl, people! Create a selling plan and live a free and happy life! I prefer to reach my goal in 1 year, but if not, I will be equally happy to buy more coins and wait 2-3-4-5-... years until the goal is reached. And by then, these coins will remain beyond my current selling plan for retirement/kids/etc..

Quote from: JayJuanGee on August 25, 2019, 05:20:25 AM

Quote from: Hueristic on August 25, 2019, 04:00:10 AM

Quote from: JayJuanGee on August 25, 2019, 03:42:04 AM

Quote from: HairyMaclairy on August 25, 2019, 03:35:02 AM

If you have 10BTC, you are a Sat billionaire.

How many do you need to be a multi-billionnaire? What's the entry level to "multi-"? My tentative guess is minimum would be 30 BTC. Less than 30 BTC would not be enough, unless exaggeration is involved.

2 is multi JJG, I.e more than 1.

Added: must be a multiple of 1 I believe. I did a google to be sure and was surprised to find ambiguous answers abound.

Well, i kind of suspected that the concept of multi- was ambiguous, and that is why I was a bit more conservative in my own accepted definition, which requires three.... Tongue

Right now, with current BTC prices floating around $10k, you would be floating around BTC millionnaire status with 100 BTC. However, I would argue that you need 300 BTC, at this particular price range to proclaim multi-milliionnaire status (in terms of your BTC holdings), without engaging in exaggeration.

I understand that guys are going to differ in this matter, and I personally give more credibility to more conservative assertions.

I've always thought that a multimillionaire is a person that has a net worth more than 2 million units of currency, i.e. $2.1 mil. There is a website dedicated to such questions: https://multimillionaire.askdefine.com/.
By BTC millionaire, JJG you mean actually a USD millionaire Wink

Speaking of this price $10K, I think it is a bit unfortunate that average Joes see it as a high price and they don't want to buy beyond it. Even my father, who supports me in everything, says to me: Who will buy above 10K? It is too expensive. I tell him and everyone else that the unit is of no importance. What if the current Bitcoin was called a mini Bitcoin and 100 mini Bitcoins one Bitcoin? The price would be $1 mil! But the market cap would be the same. The current market cap is still very low for a world known asset. And it has the potential to reach and surpass gold's cap. It is a bit unfortunate that average Joes don't get the concept and see this price as too high. I guess this is one of the reasons the number of drops under 10K is so high in the last months. Of course with time the scarcity will push the trades beyond such psychological barriers (10K, 50K, 100K). It would be very exciting to know what will be the price in 5 years, after 2 halvings! If the first halving bull run doesn't get us above 50K, then the next surely will get us above 100K. The question is who will wait and suffer all the drama until then Grin

Nice lil Sunday pump. I bet this is the last time we've seen.... Grin

Nope, I won't say it. I don't want to jinx it. Wink

Quote from: VB1001 on August 26, 2019, 06:25:55 AM

https://twitter.com/MustStopMurad/status/1165381843698561024

Their predictions sometimes go on the wrong side, but in these closures of triangles in different cycles the direction seems accurate.

BTCullish.

I agree that in the last 2 months we may had a falling wedge. But it looks more like an extended floor from the ladder pattern which has formed since April. The last similar floor was from 14 May to 10 June. Even in 2017 we had a similar boring 2 months sideways period in the Summer. There were numerous upward attempts who were suffocated by the low volume and several n00bs who play between Bitstamp and Bitmex. Their play can't continue indefinitely. The market will revive soon and they will be left behind with their insignificant profits. A research shows that over 80% of the BTC addresses currently have profit. This means that the people sitting on a profit right now are way above that. Since in every game the winners take the money from the losers, guess who are the losers! Grin

It is funny to read newbies posts how they predicted that pump to 10300 and the drop to 10 000. Mmmkay, play with it. But the day is approaching when there will be no more drops and we will resume the climbing with another leg reaching the ultra hot zone of the previous ATH. This will be a major sign that Bitcoin can't be stopped and whatever price it reached before, one day it will be reached again and surpassed!

According to this chart based off analysing Deribit options pricing, in March 2019 the probability of Bitcoin to be traded at prices around 10K in Sept 2019 was 4-5%.
Edit. June 14K was nearly 0%. LOL

We all know what happened. Bitcoin ALWAYS does what is the least expected. Now, the probability that in Dec 2019 the price will be around 20K is 7%.

Anyone wants to bet with a 93% probability of success that the price will be under 20K? Wink

I won't!
(The charts were taken from https://twitter.com/skew_markets)

Quote from: VB1001 on August 28, 2019, 04:52:27 PM

Customers Can Deposit Bitcoin to Bakkt’s Warehouse Starting Next Week

Quote

Bakkt will open its warehouse to customers’ bitcoin on Sept. 6 in anticipation of its impending futures contract offerings, the company announced Wednesday.

In a tweet, the Intercontinental Exchange-backed bitcoin futures provider said it would begin offering customers secure storage for bitcoin “to prepare for the launch” of its daily and monthly futures contracts on Sept. 23.

https://www.coindesk.com/customers-can-deposit-bitcoin-to-bakkts-warehouse-starting-next-week

The first regulated exchange for Bitcoin. If I understand correctly this tweet, the investor must buy bitcoins from another exchange and bring them to bakkt's custody. Then he makes the contract and at the end of the day/month, he will have more or less bitcoins, depending on his bet success. I am not sure how long he can keep the bitcoins in the custody. I've read somewhere about a limit of 12 months, but I can't find it now. So, let's say that a Wall Street company wants to invest in Bitcoin, but didn't decide it so far, because of the risks involved in buying and storing the coins. Now they can buy via OTC deal and send the coins to bakkt custody. In this way the coins will be safe with the insurance bakkt gives. This is a very important step which one day may persuade SEC to allow an ETF. Their main concern so far was the lack of a big regulated market, where the coins can be kept safe with an insurance for the investors.

It would be interesting to know what is the ratio of retail/institutions buys. Not so long ago it was 100/0. This year CB reported about $1 bil per month from insitutions which is 1/8 of their volume. I have a doubt about that statement by CB's chief, but still there must be some truth in it. Let's say that we have roughly a 90/10 ratio this year. With bakkt it can go to 80/20, and with an ETF to 50/50 very quickly. On the other hand, the total savings of the population of the Earth is estimated around $300 trln. So, with the mass adoption if only 1% is used to buy bitcoins, then the price will reach $166 666 per BTC (x 18 000 000=$3 trln). And if institutions buy with another $3 trln this gives $333 333 per BTC. And all this in the foreseable future of 5 years. For a longer period, the ratio will change to 10/90 and the price may really reach and surpass $1 mil.

Of course, most of us wouldn't wait that long. I will probably cash out most of my stash below 100K. Cool

This dump looks exactly like 27.07 - 10200 to 9500 at once and after that to 9200. Both dumps are so identical that I think they are made by the same person. He didn't want to sell at 10200 but to bring the price down as much as possible. Otherwise he could have sold for hours/days if necessary. This may be related to some whale in bitmex who put earlier enourmous bids. I hope I am not right and it is just the usual stop loss/longs closing thing. Otherwise it would be sad that we can't break the 12K resistance because of one manipulator. Needless to say, Bitcoin will overcome again the curse of Bitmex. (And I think all hodlers curse these manipulators, so they have to live with a lot of bad energy around them! Grin

)

But all is OK. I've just sent 640 euro to CB. 10% discount is a nice bonus, if this is the will of the whales, so it be! The sum is too small, so I don't really care. This month I am happy to buy 0.11 BTC. So, if we stay for 10 years between 9K and 12K, I will be able to buy 10 BTC. And when we finally move to 20K (this is the worst worst absolutely impossible scenario of course), I will again achieve my goals in terms of USD. But I see 50K coming in 3 years of course! And after that, what I bought around 10K I will keep for 100K and so on! Living on the 10x principle! God, I wish I knew I had to buy when I first heard about Bitcoin - it was $280 that day! It took me 1-2 years to get into it. Well, no matter how late I entered, I just need an year at least half as good as 2017!

The money sent to CB this morning arrived. SEPA transfer is fast! 0.077 BTC + 0.03 BTC bought earlier this month, say good bye to the exchange and hello to my Ledger!

Edit. Bitcoins showed immediately and I can't see any fee. I can recall that they charged 0.001 and after Segwit 0.0005 BTC. And now I see no fee at all. Strange but I don't complain

https://finance.yahoo.com/news/bitcoin-bank-accounts-now-available-184131158.html?guccounter=1&guce_referrer=aHR0cHM6Ly9vbGQucmVkZGl0LmNvbS9yL0JpdGNvaW4v&guce_referrer_sig=AQAAAGwMTjLLt4nLNR5UJnVcic1PQn7EBeNWd10L8GQ1qwTfnuceBJQhi6CIfZ_7njjLciZHYbaugklw9CVQ8tolXTvZImsIJMkv_XCzcL0bq1JMigyMOYguv9-urgug4-dTjAG91hqVkOKu3ykEcK4Wvl3abFo8ezQ4iSs58ljU_jFN

The company said that all bank accounts will be hosted by solarisBank, a licensed German bank supervised by the Federal Financial Supervisory Authority (BaFin), and deposits up to €100,000 will be protected by the German deposit guarantee scheme.

Customer Bitcoin balances, according to the company’s chief financial officer Christoph Iwaniez, are “booked directly on the Blockchain via a multi-signature wallet,” allowing customers to be “fully in control of their wallets at all times.”

Account-holders receive a free debit Mastercard that can be used for contactless payments and free withdrawals at over 40 million locations worldwide, and pay a one percent fee on bitcoin trades.

Observing ~~10333~~ 10480. Another quick 5-day-recovery from 10%-ish drop to 9.3K$. Moreover it just went beyond that 10200 which is the actual resistance line. Is this the beginning of the next bull run that will bring new AYH's and possibly the first attack of the ATH? I don't know, but in a bull year a period of 2-3 sideways months usually is followed by a strong bull run.

https://www.wsj.com/articles/van-eck-solidx-to-offer-limited-version-of-bitcoin-exchange-traded-fund-11567503003

Van Eck Securities Corp. and SolidX Management LLC on Thursday plan to start selling shares in a limited version of a crypto exchange-traded fund. The companies are employing a rule that will exempt the shares from securities registration, but the shares can be sold only to certain institutional buyers.

...
TO READ THE FULL STORY
SUBSCRIBE

If anyone has a subscription, could post a link to the full article.

10800 key resistance broken! Next target - 12K! Go, go, go!

Quote from: mersal on September 06, 2019, 01:15:40 PM

Quote from: ivomm on September 06, 2019, 12:18:51 PM

10800 key resistance broken! Next target - 12K! Go, go, go!

When 15K?

I expect the prices to each 15K by end of September and after that the real rally of bull run will begin.

Any guess?

I expect/hope 12K to be broken next week. After that there should be set a new AYH between 15K and 18K. Bakkt's launch, Van Eck & SolidX LTF (Or BTF - broker trade fund?) are catalyst for that. People can't estimate how exactly this will affect the price and perceive every news as good news. Even a movement of ~100K BTC is seen as a preparation for these 2 events. Normally, this would be perceived as bad news preceding a panic sell off. Moreover, the lazy Summer days are over and the trading is picking up speed. Less and less bitcoins are transfered from addresses to exchanges, which is a strong sign most investors are accumulating in anticipation of the next halving. There is still a good chance the 2017 ATH to be broken unitl the end of 2019. The good thing is that 10K has been established as a firm support this Summer. Even with this level entering the halving would be great. With 20K+ it will be perfect.

These 6% dumps are getting really annoying. What is this? Bitmex shorters? Weak hands harvesting 1% profits? This is probably the 20th time in the last 3 months. Geez, these guys can't wait 3-4 days for 100% profit. I mean without those dumps the price should have been at least 20K by now.

I have an idea for the next poll: What will be the price on 30 Sept.:
A) 10290-10300
B) 10300-10310
C) 10310-10320
D) 10320-10330

Nvm, I am just bored to death Grin

Quote from: bluebits on September 17, 2019, 05:05:49 AM

Correct Tera calls:

2013 Pump and top
2013 Crash and bull trap to 700
2013 Bleed out

Predicted wave to 20k back in 2013

Said that new US exchanges would fuel a new run before the 2017 parabola started

2017 Called multiple crashes as temporary corrections
2017 Called for longs on Bcash (before its wild pump, sold at .5 like me)
2017 Picked the ETH ratio bottom
2017 Played Doge coin perfect
2017 Called the top within a few % (sold at 18.8k)

Called the bounce to 17k as the worst time to buy, last chance suckers entry
Predicted a fall to 5-8k followed by a 100% bounce to 12k
Followed by a new fall to 5.5 and then a bounce to 10
Called for a supercycle low of probably 3k

The only area he was unsure about was the longer term: if a supercycle 4.0 would hit and push it to a new ATH. I am calling bubble 4.0 as topped out at 14k and a new bear market has now begun. Long term the odds have dramatically increased for 20k to remain as the forever ATH.

Yes, I recall that Terra2 predicted 5K/3K bottom for the next crash. He/she was a skilled trader, who also made many mistakes (I remember he/she admitted it in 2018). Eventually, Terra2 got some nasty sickness because of the non stop watching the charts. I understand your desire of idolizing him/her. But to make such out of the ass prediction on his/her behalf is hillarious. 14K was visited for a second time this year after the famous 2017. To call a bubble top a price visited for a second time after a long (in terms of BTC) bear market is really stupid. What about the halving next year? With a strong support around 10K this year, even Terra2 would expect a much higher top for the next bull run. If for any reason 10K is the last long lasting support, we can expect a crash from 70-80K to 10K in the worst case scenario, not 14K to way below 10K, lol.

Mic tell the goose to fuck off so we can move on Grin

I was so bored that I decided to visit my old localbitcoins account from 2015. I was clicking faucets back then and then immediately selling. If only I knew what will happen in 2 years. Oh, dear! There were remaining 0.0018 BTC in my account. Well, at least I can buy several drinks. Grin

Cheers!

I still don't know how bakkt works. At first I thought they have bitcoins which they lend to the clients. Then I read somewhere that all bitcoins on bakkt are tranferred by the clients themselves. This would mean that bakkt is not an exchange and investors should find another way of bying bitcoins - from exchanges or OTC. Which is a bit dissapointing if it is true. The major concern of the institutions is how to securely buy and store bitcoins. If bakkt doesn't help them, then nothing is changed. On the other hand, the bitcoins locked in bakkt futures contracts are removed from the exchanges. I think that this was the plan of bakkt creators - to develop a regulated market which is immune to exchange arbitrages. With time, if the volume grows significantly, this may have a strong positive effect on the price. But for now with this pathetic volume 29 BTC this looks like hopium.

Quote from: 600watt on September 24, 2019, 06:20:32 AM

Quote from: jojo69 on September 24, 2019, 05:09:28 AM

It is my earnest hope that the reemergence of sound money will cause corporations to finally look beyond next quarter's numbers.

bitcoin can and will change a lot of things. i doubt greed is one of those things. personally i am not the greedy kind of guy regarding fiat. but boy, when it comes to bitcoin i experienced me being greedy to an extent it started to make me wonder.

boeing got caught in the same trap as the german car industry: too big, too powerful, lobbyists too successful, decade after decade... that is one of the reasons why start ups sometimes are able to beat the behemoths. and yes my friends, that is also a part of the reasons why we will win the race for sound money. btc price in the vicinity of 10k per btc is actually a sign we are winning already.

Here goes my last merit. Wink

It sounds like me. I never was a greedy guy regarding fiat. But soon after I went into Bitcoin, I became so jealous of those having 100+ bitcoins. I make everything possible, without going into debt to the banks, to invest all into it.

I too think that building such a strong support at 9.7-10.3K is huge. In 2017 for several months Bitcoin made 6x+ increase starting with the last long support at 3K. With a support at 10K we can expect either an explosive run to 50K+ or more gradual increases with other major resistances turned into supports. I am willing to wait untill we are above 100K, and gathering nerves and courage to endure all the coming crashes. I am convinced that 40K+ will be touched without much hype just by regular mass adoption. So what is the point in selling most at this price? I personally will be tempted to sell something for sure, because it is an important price goal for me. I will sell probably 10-20% just to buy land where to build my future house. I hope to be able to hodl until 120K or something, even if it takes more than 5 years for that. This is my hopium

Everyone needs some hopium to live. No matter how dark or dull looks the present situation. There is always the hope. No troll, no chart, no government, etc. can steal my hope, if only I hodl firm! (After all, the other meaning of hodl besides the original misspel is Hold On for Dear Life.)

Quote from: LFC_Bitcoin on September 24, 2019, 10:43:17 AM

Quote from: gentlemand on September 24, 2019, 10:32:00 AM

Quote from: VB1001 on September 24, 2019, 10:28:22 AM

Someone does not pay the electricity bill.

My theory is that some weird little Greta Thunberg lookalike has invented a miner the size of a pea more powerful than several million normal ones and is too autistic to tell anyone about it. It looks like it fell out of her nose ring and rolled down a drain.

Ahhh shit, I saw that young girls speech yesterday. Not my kind of thing, something wrong with that kid. It’s either forced on her by parents or she’s just outrageously odd.

The whole speech is socialist bull shit btw, embarrassing.

She could burn Trupm with her eyes Grin

https://www.boredpanda.com/greta-thunberg-speech-trump-glare/?utm_source=facebook&utm_medium=social&utm_campaign=BPFacebook&fbclid=IwAR05ZiwGkJ4888m7WNQItuBhm2YH9FjAz5pwaDxCJlLeLtR-iXwRXLKGc90

Quote from: JayJuanGee on September 24, 2019, 02:05:38 PM

Quote from: ivomm on September 24, 2019, 09:50:00 AM

Quote from: 600watt on September 24, 2019, 06:20:32 AM

Quote from: jojo69 on September 24, 2019, 05:09:28 AM

It is my earnest hope that the reemergence of sound money will cause corporations to finally look beyond next quarter's numbers.

Here goes my last merit. Wink

I would be nervous with such an approach, but let's see if maybe you can clarify what you mean by "all in"?

You do have some other investments, like stock or real estate or bonds, no? So, in that regard, if you have some of those other investments, then you would only by "all in" with new investing?

I must admit that I have been focusing primarily on bitcoin investing, once I got into it in late 2013, and there was one time in about September 2014 (BTC around $380) that I was considering removing significant quantity of funds from my 401k (I had identified a possible way to accomplish such as a kind of rollover without tax penalties) which would have caused a near doubling of my BTC investment and thereby also bring down my average cost per BTC considerably, too, but I got chicken shit regarding over-investing in bitcoin and I had come to the conclusion that I had more than enough bitcoin in my holdings, and I really did not need to take on more risk (into bitcoin) by diversifying out of some of my traditional investments that, even though they had been performing mediocre, they were still largely holding their value (even accounting for inflation, etc).

Of course, in retrospect, I see that I could have made a killing with such a move to diversify out of some of my 401k into BTC, but at the same time, I am still content that I did NOT do it - because in my thinking, my BTC appreciation (even accounting for risk etc) has already been amazing enough, and such considerable BTC appreciation (without my really cashing out of BTC and rediversifying back into fiat based investing) has caused my total percentage value into BTC to become quite lopsided in favor of BTC, which I still conclude is good enough to ride out without needs to either rediversify back into traditional investments nor to engage in any kind of behavior that dilutes the stability of my traditional investments (that could largely sustain me completely, if I were to need to live off of them... but now they just merely continue to ride and to appreciate in value based on the traditional stock market and various traditional means of diversifying within those investments).

Quote from: ivomm on September 24, 2019, 09:50:00 AM

I too think that building such a strong support at 9.7-10.3K is huge. In 2017 for several months Bitcoin made 6x+ increase starting with the last long support at 3K. With a support at 10K we can expect either an explosive run to 50K+ or more gradual increases with other major resistances turned into supports. I am willing to wait untill we are above 100K, and gathering nerves and courage to endure all the coming crashes. I am convinced that 40K+ will be touched without much hype just by regular mass adoption. So what is the point in selling most at this price? I personally will be tempted to sell something for sure, because it is an important price goal for me. I will sell probably 10-20% just to buy land where to build my future house. I hope to be able to hodl until 120K or something, even if it takes more than 5 years for that. This is my hopium

Are you thinking that BTC prices reaching $120k in about 5 years or less would be sufficient in order for you to go into a kind of "fuck you" status? or at least to be able to live off of your BTC indefinitely without having a need or dependence on a traditional JOB?

Surely, a lot of us believe that there are decent chances that your hopium price could be reached within that timeframe, so it is not unrealistic... However, since "decent chances" is not the same as "a given", there are always needs to prepare for a lot worse scenarios, which makes it seem more than reasonable to label your tentative ideas (plan) as a kind of "hopium."

By "all in" I mean all saved fiat. I own an appartment and a car. With my current profit from Bitcoin, I have the same amount that I will obtain from my salary for the next 20 years until I retire. And I usually save 2/3 of my salary which I convert immediately into bitcoins. Am I at the "fuck you" zone? Not yet, as I have to ensure my retirement. But in the 30-40K price range I will have enough to do it at least in my country, and live happily in a nice beach villa for the rest of my life. That is why I said this is an important level to me. On the other hand, I prefer to wait for the price which I believe is achievable in my lifetime. 40K is a too low and sure target, 120K is way more chalenging but satisfying. So I have 2 plans which depend on my needs in real life. If I am convinced that 40K is the top of the next bull run before a long and nasty bear year(s), I may be tempted to sell most of my stash. But if I am not sure, I will spend only 10-20% at that price range and continue to sell up to 120K. I may use some scheme like 10, 20, 30, 40% on every 50% (or 75%) rise of the price. It is based on your suggestions, which I tweaked a bit, so the overall loss is smaller compared to selling all at 120K. It saves more bitcoins for the bigger prices! My final sell would be at 120K. Plus, anything that I buy from now on untill I start to cash out, I will keep for the time when we finally reach the moon. Will it be 500K, 1mil, etc. I don't know yet. Time will tell.

Quote from: makrospex on September 24, 2019, 07:05:06 PM

Quote from: Last of the V8s on September 24, 2019, 07:02:42 PM

Quantum segwit AI blockchain ETF denied?

Me looking at BAKKT volume vs. Stamp BTCUSD

Was this the "weak handshake" already?
Now will you please go up again, BTC?

This face is like a cartoon. So funny! This is the look of all panic sellers when we recover in several days! Obviously, we need such dumps to get out of the falling wedge. If this is the price for breaking the 12K resistance, so be it! Go BTC!

Quote from: JayJuanGee on September 24, 2019, 05:19:31 PM

Quote from: ivomm on September 24, 2019, 04:50:51 PM

Quote from: JayJuanGee on September 24, 2019, 02:05:38 PM

[edited out]

What you are planning makes sense, and almost no matter what it seems difficult to really have any meaningful sense regarding whether any blow off top would be at previous ATH (path) x2, x6 or x10 or some other amount, so I am unsure about how prudent it would be to make vastly differing plans based on your anticipation of your then feelings about whether a blow off top has been reached.

Another dynamic that I can sense that you are toying with is to consider to be able to move some of the value that you have in BTC to some other locked in and assured asset, in order to preserve your BTC profits, and I am kind of torn about the necessity to act on those kinds of motivations, even though I understand that so many people have those kinds of motivations - so none of us can really step into the comfort level of other people.

Part of my thinking comes from the Morpheus meme that you might not need to hedge so much into other investments because merely keeping some value in bitcoin will be sustaining enough based on all available options and even while understanding that BTC corrections might still be violent, BTC is still likely to sufficiently hold enough value that there is no real rush to employ rash strategies in terms of cashing out your holdings.

This morpheus meme:

I think it is perfectly normal to have 2 plans. We all know that Bitcoin will reach 100K or more. The only unknown variable now is exactly how long this will take. The historical pattern says end of 2021 or early 2022. But nobody can be sure about that. We may need another halving to occur i.e. after 2024, or even more. In that case there will be many dissapointments and missed opportunites to become rich. And man's heart can't endure forever such bad things. Considering however, that I continue to buy in all these years, I may reach my goal in terms of fiat for prices around 50K. I don't want this to happen, and I don't think it will happen, but it is theoretically possible that we are stuck at levels 20K-50K for a prolonged period of time.

Let's say I have 16 BTC (they could have been much more, but in 2015 I didn't even suspect that Bitcoin price could go much higher than $200 so soon). So the 1st super duper bearish plan (based on my personal 10x profit) is:

2,00 for $36 000
2,00 for $40 000
4,35 for $44 000
4,15 for $46 000
3,50 for $48 000

Total: $700 000. If I can buy more coins before 36K, I will keep them for 100K. And if the year is 2025 or later, I will have may be 3-4 or more coins. Considering my expenses are $5K per year and that I can build a luxury house for 200K, this amount should be enough even if I quadruple the monthly expenses. ( I am speaking for an early retirement 10 years instead of 20 from now.)

But what I am hoping for is selling based on the follwing pattern until 2022 (plus all bitcoins bought before my 1st selling point, kept for later moons above 200K). It is a tweaked version of your plan, which you gave to mindrust some time ago. It is based on the principle 10, 20, 30, 40% sells after each 50% increase. The last sell could be distributed between 120K and 150K.

Sell Price BTC balance PfolioBeforeValue BTCSell Amt PfolioAfterValue soldValue soldTotal
$40,000 16.00000000 $640,000 0.00000000 $640,000 $0.00 $0.00
$40,000 16.00000000 $640,000 1.60000000 $576,000 $64,000 $64,000
$60,000 14.40000000 $864,000 3.20000000 $672,000 $192,000 $256,000
$90,000 11.20000000 $1,008,000 4.80000000 $576,000 $432,000 $688,000
$135,000 6.40000000 $864,000 6.40000000 $0 $864,000 $1,552,000

Then I can build a beach villa which I could use or lend. And one day if I am sick of it, I surely will be able to sell it 2-3 times higher, so the initial cash out at 40K-60K won't be lost.

P.S. I know this looks like hopium especially to the daily traders, but this increase is only 10x from 14K this year. There were much bigger increases even for one year, not to mention for 3 years. The only question is when 100K, not if!

Same old, same old. Weak hands, who were sitting on hopes of some profit above 10K, now are selling in shock how their dreams died. Hodlers not affected. Just another BTFD opportunity. The recovery may be more quick and violent than weak hands expect.

I didn't hesitate to buy with my saved salary above 10K, so now I am going to wait? No, thanks, I am directly buying. Hopefully my small 0.052BTC purchase at $7950 will trigger the next bull run Wink

Next month I will have more fiat - like 1000$, and I will buy even if we are above 10K.

Quote from: Paashaas on September 27, 2019, 03:25:09 PM

Quote from: HairyMaclairy on September 27, 2019, 03:09:24 PM

Greta should know what she is talking about then.

Edit although apparently the above claim is a bit misleading as the father is “distantly related”. Many Swedes are likely “distantly related” to each other.

https://heavy.com/news/2019/09/greta-thunbergs-family-parents/

Here childhood has been stolen? nha..

This pic tells it all (Time is the best as always!): Wink

This is the chart from the Summer of 2017. After the local top at 2900-ish, we had a falling wedge with a bottom around 1800 - kinda 40%-ish drop. The bull run that followed ended at 4800-ish, which is 2.66 times higher than the local bottom and 1.65 times higher than the previous ATH. After that another crash to 3K, and the rest is history. My point is that this pattern can repeat now - a bull run to 18-20K, then a crash to 12K. And after that a 6x bull run to 72K. That's what I call hopium for the night. Going to bed now Grin

The support at 7.5K looks pretty solid especially on Bitstamp - above 2K BTC need to be sold to get that low. It is unusually high. Typically on Bitstamp is needed 300-500 BTC to move the price by 5%. On CB it is 1.95K. And this hasn't changed since the first drop to 7.7K. May be the traders stopped selling because of this support. Now, if the bears decide to put pressure on this support, it will cost them a lot. And they risk a violent rebound above 10K, which will ruin their plan of a long suppressing of the price. What they hope is the support to dissolve itself and with much smaller sells to get there. Hopefully the bulls won't allow it. Next 7 days are critical. Grin

I would give 75% chances that 7.7K was the last bottom and we will be recovering above 9k in the next week.

Quote from: fillippone on October 02, 2019, 01:52:49 PM

Quote from: Dabs on October 02, 2019, 01:29:54 PM

The real trigger is after 2 or 3 more halvings. By then we'd have more than 99% of the supply mined, 8 million lost forever, so that leaves about 12 million corns in circulation. I don't know how much adoption is by then, but whatever it is, it will have hit or exceeded all price predictions.

Unfortunately, that's still at least a decade away.

Quote from: LFC_Bitcoin on October 02, 2019, 01:43:39 PM

It’s very likely we reach at least $50,000 after May 2020 halving.

I think I already said this many times, also here on the WO.
I have a feeling a lot of people, institutional investors included, are looking at PlanB models, and probably sometimes between here and the halving we'll start seeing some kind of front running. I do agree with LFC scenario of easy 50K after halving in May20.

If the halving rally fails to materialise before or after the halving, say one year after, we still are around today's level, then we will experience a very long and cold cryptowinter II.
Institutional money, who is ready to dump a LOT of money into cryptos, see Bitcoin as an uncorrelated, high volatility asset. Something that is very precious in low volatility/negative interest rate financial environment.
If bitcoins then fails to provide those investors with a positive return, then we we'll have a serious adoption problem posing a threat to further growth.

It is good to have a Plan B (pun intended), in case things don't go the way we expect. So, I appreciate every well informed contrarian opinion even if it's bearish. It is good to play every possible scenario. The worst you are talking about - staying at the current levels long after the halving is only theoretically possible, IMHO. With almost all bitcoins mined and millions (probably even billions) new investors, I don't think this is a realistic scenario after 3 halvings. For example, after the one year bear market we saw a strong bull run with an increase more than 4 times, while most of the traders were still asking themselves if the 3k bottom was the last! There were no good news and the halving was a year away. This is a clear sign that 3K was not a real price but way below that price. The Summer action was also a good sign, since it showed that the exchanges have a good liquidity and can sustain 10K price. The bad news of bakkt's flop was a major blow to that support, but still the price in the next days fell only 15%, not 30%+ like in some previos bad days. So, even without institutional investors, we can expect the price will continue to grow. This will mean a 10K-ish rise of the price each year, so by 2025 we definitely should be above 50K. Then only 450BTC will be mined each day and many more will be lost, as Dabs pointed out. Again, I don't think it will be the case, this is at least for me the worst bearish practically possible scenario. And since in the high volatile markets there are always explosive bull runs, it is highly probable that 50K will be touched much earlier.

Hi WO Gang! I had a nasty herpes on my left eye and spent the last 2 weeks fighting with it. Fortunately, I got completely healed without any complications. The small fiat reserve which I left after the last buying of a portion of bitcoin turned out to be completely enough for the unexpected expenses (I had also 3 medical interventions on my teeth). I am so happy to live with the expectation of the purchase at the end of each month, so I don't care how much we bleed now. Since I don't have a crystal ball to sell high and buy low, the only way to increase my stash is the famous buy and hodl! My luck is so bad, that if I sell a big amount with the hope of buying lower, it is certain that either the price will never fall below that level again or, I will become greedy and try another trade which will cancel my previous profit. (Well, it may not be only the bad luck or the curse of God, but just the human mentality which tends to become more greedy after each success.) This was tested many times in 2016 and 2017. No matter how many successful trades I made, the profit remains much lower than by just holding for the same period and not selling. Confirmed and verified! Grin

I hope we will see soon the next spectacular bull run but even if we won't, I prefer to live with a hope postponed in time, rather than to lose the hope and live in bitterness! (r0ach is exhibit A for the last type)

Freshly saved 500 euro on its way to the exchange. To be honest, I am kind of surprised that bears tried to break the 7700 support. I don't get it why we should feel desperate with 2% drop below this support. If it is not comfirmed in the coming weeks, then all this was noise. Most TA won't even consider it as broken if it is cancelled soon. Now the support down to 7K has increased to 2700BTC in Bitstamp. This is enough to despair even the best bear manipulator in the world. It is like a street with a dead end, dear bears! You may try to break it, but the result will be broken heads Grin

The volume is low, meaning that besides the usual trades nobody is in a hurry to sell. And this is a sign of the failure of the bears, who thought with the sell of 700BTC on one exchange can bring havoc and despair. You have no good or bad news, dear bears, so your fail will be epic. 8K coming in 2 weeks. 10K and above in the coming months. Wink

Cheers to the hodlers!

Quote from: LFC_Bitcoin on October 25, 2019, 03:29:02 PM

Previous support level of $7,700 breached.

The bear that tried to break the 7700 support spotted:

Quote from: JayJuanGee on October 25, 2019, 03:51:32 AM

Quote from: ivomm on October 24, 2019, 02:07:08 PM

Cheers to the hodlers!

hahahaha

That's an interesting perspective.

I hope that you are correct.

This is my 2nd reply today, but things developed too quickly. I tried to be conservative in my forecast knowing many are going to laugh at me. But I am not surprised of this quick recovery above 8K. Not at all! Congrats to all firm hodlers once again! (Btw, I bought with that 500 euro minutes before the epic pump Grin

)

Jeeeeeesus Christ! What did happen during the night?!?!?!? From 7400 to 10 350 on Bitstamp (10 540 on coinbase)!!! This is the greatest pump in less than 12 hours in the history of Bitcoin (at least for the last years). Back to bed now (fingers crossed for 15K after I wake up). LOL

The last days summarized:

This is Bitcoin! This was the last fatal blow for the bears!

On a more sober note, I think that we underestimated the impact of bakkt on the market. Is it a coincidence that bakkt record volume 1100+ BTC was yesterday? Yes, bakkt had a slow start, but we don't know how many bitcoins are being bought/mined with the purpose of depositing in bakkt and making monthly contracts. The fact that we never had a 12 hour 42% pump in the last 8 years shows that there is something new happening right now. I don't know the reason for that pump. What I know is that the thousands bitcoins "locked" into bakkt's monthly contracts weren't abailable on the exchanges to hinder the pump. And that is something!

Another day going sideways with several upward attempts. And another day with good bakkt volume - so far 920 BTC. After the slow start, the volume increased dramatically in the last 10 days and hopefully it will increase even more henceforth. Notice that the volume chart is very similar to the price chart.

My explanation is that the price formation on the major exchanges is in a delicate balance and such volume is commensurate with half of the daily mined bitcoins. Considering that these bitcoins are bought from these exchanges and deposited into bakkt, this is breaking the balance in the right direction. The effect is like the halving already happened and nobody knows it. Short positions are vulnerable because of the scarsity and their liquidations are making the domino effect on the price. And after 6 months, when the halving happens and real FOMO starts, nobody will be able to stop the new ATH storm! (With regard to the poll, I have the feeling that the first ATH will come around the halving.) Good times are coming for the HODLERS! Wink

Quote from: LFC_Bitcoin on November 11, 2019, 03:33:48 PM

Quote from: El duderino_ on November 11, 2019, 02:54:18 PM

Someone will burn himself.... ending up with much less as they previous owned....

Let them play, let us HODL, let us all enjoy and be happy

That’s exactly what will happen mic.

It’s great when it’s working for them, selling high, buying low, increasing their stashes......until there’s a massive unexpected pump which turns into a FOMO rally & then they end up screwed Wink

I agree completely! This is the truth! There were many chances in 2018 and 2019 to increase the stash by trading. If someone used them - cudos! But most of us didn't dare to try such a thing and increased their stash only by buying. With the coming of the next halving these chances will be very limited if any at all. Look at the last crash - it was 5% but from a temporary pump, so it is effectively 1% below the steady line around 8800 from the last week. Recently we've had a 42% pump out of nowhere and Bakkt's volume is getting higher and higher. At the beginning it was 10-70 BTC, whereas now is over 1000 BTC every day. All this shows that clever investors are buying while the small fish are selling with lame 1% profit (or worse, stop loss).

As for the bad actors on the market, there are 2 types:
1st type - The miners with huge farms with the new s17s asic miners. They would want to suppress the price so that old s11 (which are still the vast the majority of miners) are shut down because of the loss. And this break-even price is around 9K even for those with 4-5 cents per kWh. The recent drop in the difficulty shows this might be the case.
2nd type - Manipulators with bitcoins dumping on Bearstamp with the hope of bigger percentage profit on the unregulated derivative exchanges like Bitmex.

Having said that, I don't think we should despair because there is a cure for both groups.
1st type - It is better to hedge the newly mined bitcoins on bakkt rather than dumping with the hope of the difficulty drop. This is very hazardous and may bring dissapointment resulting in a bear market. Also, the halving is coming soon, and such a move can be an own goal, because if the current price is kept after the halving, even the s17's won't be on profit.
2nd type - What is the point in shorting with 1% profit when some surpise 40%+ pump erases almost half of your manipulation ability?

And finally, as hodlers, let be rational and not emotional no matter what happens! 1% drop, 40% crash, who cares! Buy moar, hodl if needed 5 years, and enjoy the fruits of your perseverance!

Quote from: STT on November 15, 2019, 09:35:22 AM

Quote

It's not the time to buy, just monitor,

I dont disagree exactly, I might be one of the most negative observers as I thought since July once we leave the direct uptrend that oh it'll go down now. Its never that simple, its done alot since then with plenty of opportunity both directions.
Every time its been in this quiet phase though the price can be declining I wouldnt say its as negative as people might feel. The dangerous point to buy is in the peak prices, people feel confident but 13k was where the worst returns were but now its far more reasonable. What differs is the time frame people consider, any idea of buying in this environment where we track sideways and price is consolidating I think the buy has to be on a regular basis. So a buy in November should pair with a buy possibility in April or May , just like a year ago did not appear to be the time to buy either (+ it did fall further still) but in retrospect we see most of the negative was already in the price.
I've made this mistake before of being too negative when it was quiet and idling, if anything the averaged flat line type of action (rather then in trend moves) is just the marathon stretch to price action more then the sprint but doesnt mean BTC isnt moving forward still.

Crossing 8820 is a negative I think as its relates to ATH and top pricing in May and very roughly 2018 but better guidance near term is 50 day average. We havent yet closed the weekly bar below 8820 since the last big rise so theres that to watch.

In early 2019 the same 'experts' said it is not the time to buy at 3100. When we were at 5K, they said: it will come back to 3100, we will buy then. At 6K: it will come back to 4k, we will buy then. At 9K: it will come back to 6k, we will buy then... Well to the surprise of all, we went to 13800. Then we went back to 7400. And they still said it is not the time to buy. Then we had the historic 42% pump in 12 hours. Now, they say the same. My point is that obviously all these people don't have enough respect and belief in Bitcoin. Bitcoin is not like some shitcoin that will certainly die in 2-3 years. Bitcoin will be still here and sooner or later the price will surpass 100K. If you don't belive that you can set a lower target - 50K, or 30K. But you have to believe. Otherwise, you have no chance in this game! And if you set your profit in terms of 5-fold, 10-fold, etc. why risking waiting for 10% drop to enter? I don't get it. Really! It is like the diet - I will start from tomorrow. And tomorrow never comes!

I know HM used to post some comparison charts before May 2016 and now. The price in 2015-2016 fluctuated between 200 and 490 (1 time for a brief period) and in the second half of this period from 300 to 430. In terms of percentages it was roughly speaking like between 80% and 60% from the last ATH, and at the second half between 70% and 60%. In 2019 we had a journey between 80% and 30% from the last ATH. We've had some serious battle and longer stays above 50% i.e., $10K. In the last month, we fluctuated between 65% and 55% touching 50% briefly. These percentages are not exact, so one may fiddle more with them. But my conclusion is that we are still a little bit ahead of schedule with some BIG bull sign - the 30% top from the ATH (~14K). Currently, we are 57.5% below the ATH. I personally don't think that we will fall below 60%. But even if that happens briefly, we will still have better chances to get a new ATH before the end of 2020, than at the end of 2016.

I scored the first vote for the bulls Wink

Bears vs Bulls - parity (from a minute ago)

Quote from: jojo69 on November 18, 2019, 08:57:35 PM

Quote from: ivomm on November 18, 2019, 06:19:52 PM

I scored the first vote for the bulls Wink

Bears vs Bulls - parity (from a minute ago)

wait

hold the fucking phone

how are you getting that dark theme to display??

Dark theme is better for the eyes. I know since I had problems with the left eye and wasn't able to watch white for a while. I use this:
https://darkreader.org/

Quote from: LFC_Bitcoin on November 19, 2019, 12:04:44 PM

What the fuck’s going on?
Obviously I’m buying every week still but I’d rather be at a stage where I deem it to expensive to buy & my HODL stash is a true monstrosity in dollar terms.

Why are we going down now? The halving is only 6 months away.

Because bears are over confident. And this is what is awaiting them:

https://twitter.com/i/status/1196699470223814656

Quote from: BobLawblaw on November 19, 2019, 05:13:47 PM

Possible choppy waters ahead. Trade with caution.

https://twitter.com/whalecalls

I have to admit first, that I am not a trader and I don't understand everything completely. Here are my questions and thoughts related to your frequent posts of bitmex liquidations. What is the relation between bitmex and the price of Bitcoin? In particular, why do you think that a liquidation of a long position precedes a dump in the price (which is implied by your post)? As far as I know, Bitmex is a derivate exchange and some contracts are cash settled, others physically, but I have no clue what portion is each. On the other hand, if there is an option for short/long positions involving real bitcoins that have to be sold/bought to cover/close the positions on the major exchanges like bitfinex and binance (I think they have their own short/long game looking at https://blockchainwhispers.com/bitmex-position-calculator/#), this may affect the price. But I don't see why the traders on the major exchanges will be influenced by what is going on on CME, bakkt, bitmex, etc. These futures and leverage tradings are like roulette - the player vs the house. Unless some manipulator dumps first on bitstamp, coinbase and kraken (which form the price index of Bitmex), I don't see any other connection with the price. And in that case, first is the pump or dump, then the closing of long/short positions, not the reverse. Or I miss something?

Quote from: HairyMaclairy on November 19, 2019, 07:49:31 PM

Quote from: ivomm on November 19, 2019, 05:57:50 PM

Quote from: BobLawblaw on November 19, 2019, 05:13:47 PM

Possible choppy waters ahead. Trade with caution.

https://twitter.com/whalecalls

Arbitrage.

You can arbitrage positions between futures and physical.

What do you mean by that: internal arbitrage in bitmex or external to other exchanges? And how exactly the liquidated/covered positions on bitmex can influence the price, say on Bitstamp? The price on Bitmex is determined by an index formed by the prices on the 'real' exchanges : CB, BItstamp and Kraken. So the traders outside Bitmex should look only these prices and not the derivate indexes which follow these prices. If you mean the external arbitrage, this would mean only that they can withdraw their bitcoins and sell them on ohter exchanges, which may or may not happen soon after the withdrawal, so again I can't see how this will affect the price. Again, I am not sure about all this. I am just thinking that only the short/long positions trading can affect the price if it is done in one of the three above mentioned exchanges (which I don't know if it is possible, only for Bitfinex I know, and the price there is monitored always by the traders)+Binance, which recently introduced these trades.

Quote from: LFC_Bitcoin on November 21, 2019, 03:11:16 PM

Quote from: LoyceV on November 21, 2019, 03:06:53 PM

At moments like this, I look at this thread to tell me it's going to be alright, but you guys aren't really helping Sad

It will be long term (even year or so after the halving) but when you’re balls deep in crypto & watching your net worth crumble in front of your eyes it’s never fun.

On the plus side - cheap coins.

I can't explain to myself where did those sold bitcoins come from. Traders who bought in the last 6 months don't have any profit. Miners don't have that much to sell, and besides almost all of them are mining on a loss now. Shorter manipulators (a.k.a. bears) can't count on dumping, because the price may shoot up any moment resulting in massive loss for them. Anyway, these bitcoins belonged to ultra epic weak hands, who don't deserve to be called investors. I mean, to lose 50% of your wealth 5 months after the AYH at 14K and 30% after the pump to 10500 a few weeks ago is really pathetic. Moreover, this all happened after a bear year and one year before the next halving - a clear sign that these prices will be revisited after the halving. I can picture such dudes as mentally unstable. While hodlers are sitting on 100x+ profits, these morons being caught in the daily market trading are registering massive losses.

Regarding our net worth. I am not happy only because my stash is still under 20BTC. I don't care how much it costs in terms of fiat. As mic says, 1BTC=1BTC-always! I prefer to convert my savings from the salary in bitcoins and spending fiat on bills and food. After several years, it will be possible to buy cars and houses almost everywhere with bitcoins, so it may not be necessary to sell bitcoins at all. The only thing that bothers me is whether Bitcoin will be able to overcome all the manipulators and weak hands in the near future.

Let's see... In 2017 despite the PBOC attacks aimed at chineese weak hands (which by the way formed 95% of the total volume), we had a journey from 700 to 20 000. So it is possible to start from 7K and reach 200K despite all bad actors. The question is will it happen in the next few years? I hope so, but I don't count on that. I am determinted to contiue buying in the next 20 years, if the price is not enough to change my lifestyle! I mean a real fuck off status, where I can afford a nice house, not going to work anymore, bodyguards, girlfriend(s), and to travel around the world. With my salary, I can only afford a 2 weak summer vacantion per year. So I have nothing to lose. If we are going to sink, so be it! But we won't! I believe that we will see 50K, then 100K and after that who knows. I often wonder, how will feel then all those weak hands who sold at $200 in 2015, at $3100 in 2018, at $7500 in 2019, etc. Not well for sure! Some of them will got completely insane by then and shitpost here just like r0ach Grin

#HODL #stronghands

This should have happened next week, when I get paid. I am afraid that by next week, we would be around 10K. These bears haven't learned their lesson. Bull counter attack is imminent. 10...9...8...7...6...5...4...3...2...1 boom!

Today bakkt has a record volume 2120BTC+. Congrats to all who bought bitcoins today! Several hundred thousands were traded on the major exchanges, probably way more on all exchanges worldwide, ATM's, etc. Woe to those who sold! The next bull run is about to start!

Quote from: LFC_Bitcoin on November 24, 2019, 04:28:40 PM

Is this all you’ve got bears?

Nothing is going to scare unless you crash it to sub $5,000 & even then I’ll just load up on cheap coins & wait for the moon with a bigger stash.

Must try harder

They simply can't. Wasted too much resources to bring us from 14K to 7K. They sold their bitcoins, while hodlers didn't. Bears had one last hope to use Black Friday FUD and that did't work as they hoped. We still don't sell Grin

And their present state is like:

If bears don't want to starve to death, they should start buying their bitcoins back soon Grin

Quote from: vroom on November 25, 2019, 01:16:42 PM

who let the bears out?

Camera recorded bear escape:

Quote from: AlcoHoDL on November 27, 2019, 06:24:32 AM

I'm sure Mic is joking...

But...

Always keep several copies of your recovery seed in paper (or other non-digital) form, and not all in one physical place (e.g., if you have two houses, keep copies in both). Also, use a passphrase in addition to the seed, and never write it down, for plausible deniability and also in cases where someone finds your seed and recognizes what it is.

Another thing I want to stress is that TREZOR, Ledger, and any other h/w wallet that uses standard BIP protocols (almost all of them do), are all interchangeable. This means that you only need the seed (+ the passphrase, if you use one). There is absolutely no difference if you use a TREZOR, Ledger, or even a s/w wallet like Mycelium. Your coins are not "stored" inside these devices. They exist in a universe-sized, multidimensional mathematical construct, and you only have a map to find them. The map is you seed (+ the passphrase, if you use one). That's all you'll ever need to access them.

So, don't worry if you ever lose your TREZOR or Ledger. They are just containers of something you (should) already have.

Mic said he lost his Ledger nano S. If he has written on paper his seed, nothing is lost, unless his PIN and password for Ledger live were stollen toghether with the device. Otherwise, mic has nothing to worry about. He may take control of his bitcoins either by software wallet (not reccomended) or by purchasing new device and entering the seed. I think the best way is to keep a note with the seed + pin on a very safe place in your house, where a burglar would never check. And to remember the seed. It takes some time, but it can be done. I really hope mic hodl stash is OK.

The day started so bad, going down to 6 800. Now it ends up above 7 500$. And this is how the new bull journey begins! Who bought - bought!

Edit. I just saw that bakkt hit a new record again - above 3400 BTC until now. Well played bakkt boys, well played!

Quote from: bitserve on December 02, 2019, 01:19:08 PM

Quote from: VB1001 on December 02, 2019, 01:11:21 PM

Quote from: HairyMaclairy on December 02, 2019, 12:10:28 PM

I can’t tell you end of year. My crystal ball stops at mid December. And it says it’s going to be quite a bad time until then - low $6k / even high $5k possible. After that it’s all grey mist.

I have turned on the fog lights and I find it hard to believe that we will see low levels by the end of the year.

Maybe if we all agree that Bitcoin could dump again and stop taking for granted that the halving will SURELY send BTC to new heights... then the chance for that happening would be higher. I remain scared by the amount of people expecting moon (ie: $50K-$100K) as an inevitable consequence to the halving. It could lead to a big dump even right after the halving if things don't go according to the "plan".

That being said. I will personally keep hodling. But I hate to see so much "optimism" in advance. It could end badly.

What we need is more fear... and maybe even another pre halving capitulation. Or maybe not. Who knows.

In Bitcoinland everything is possible. Even a halving dump. I think not even the hardcore bulls here think for granted that several days after the halving the price will shoot up to 100K. It is possible, but not 100% sure. Even more, a price above 10K is not guaranteed as well. The effect of the halving can be felt only when the weak hands are gone and the whales stop dumping. I mean, we can't compare 900 BTC less on the market for a day, if we had some ponzi or individual dumping 100K BTC in several days. I think some of the dumps, if not all, were caused by few individuals who got quickly rich in BTC and hurry to sell them even with a 50% loss. Nobody can prevent a price crash then. BUT, what the halving means is that under the normal trading, the balance is changed in favour of the demand. So, we can expect the actual effect no early than 1 year after the event (which may be earlier, or later - again nothing is certain). And the effect will require also either many buyers, or a few but very rich to pump the price. And when the price surpasses 10K, it should be able to hold and stay above that. We almost succeeded keeping that price this Summer, but bad actors (manipulator shorters if they still exist, big miners with newer asics, weak hands) dumped too many BTC to crash the price. Hopefully, after the halving all odds will be in our favour. But nothing is granted, of course.

I will continue to buy moar and HODL, no matter the dissapointments. I have my beliefs, but not like a "idée fixe". If it happens - fine! if not, well I probably will still have at least 2x profit. I can live even with the loss in terms of fiat, like earlier this year. But I think that the current price is too low both for the miners and for the hodlers, so we should be able to stay away from the 6K area. If we fall below that, I will throw every fiat possible to find, even the kitchen sink, Grin

and buy moar! #stronghands #HODL

I think most of these transfers are betweed addresses of the exchanges even if some are not known for sure. For example, what whale will buy at bittrex with so small volume compared to the other main exchanges? It will take weeks to accumulate on that exchange provided he is the only buyer. But of course, such "whale" activities are good for twitter FUD Grin

There are still many morons who sell at such "news".

Quote from: P_Shep on December 04, 2019, 09:34:18 PM

Quote from: podyx on December 04, 2019, 09:24:03 PM

What's going on guys...

It Barted.

Just another day in Bitcoinland. Some bears got pissed by the pump from 7100 to 7800 and dumped back to 7100. Clearly, they want to make the impression of a long downtrend, and can't let bull signs to slip out. They have a new tactics. Instead of few big dumps, they just stop the big pumps which require less coins. Well played bears, well played! Hopefully, one day the knife you are catching will cut off your fingers! Wink

Quote from: VB1001 on December 06, 2019, 05:43:31 AM

Quote from: JayJuanGee on December 05, 2019, 08:22:04 PM

Quote from: VB1001 on December 05, 2019, 05:10:36 PM

^^
Every time they talk about these prices I get sick, it is torture, because no one told me about bitcoin at that time ... Cry

What's your bitcoin origin story? I cannot recall if you said.

You heard about bitcoin in mid 2017? or earlier?

I never heard about Bitcoin before September 2017, this is when I bought, so Bitcoin was priced at +/- $ 3,600
When I arrived in Bitcointalk I already had my small portion of BTC, so I thought it was the right time to register in the forum, but I did not participate in the forum, I do not like the forums, there was no thread or section of my interest (stupid of my part).
During this time I used to catch the knife in the falls and it worked several times, until they caught me, the blow was strong, after this I became a 100/100 hodler, I have never sold a satoshi.
And one day (December 2018) by chance doing a Bitcoin search I found the Wall Observer thread and here I am since then.
Since 2008 I was quite involved in the purchase and sale of domains, it did not go wrong, but it would have been better if I had known this forum, things that happen in life.

This is a quick summary of my relationship with Bitcoin, for these reasons when I read conversations with prices of $ 600 my nervous system is disturbed and when I see that Bob sometimes talks about $ 2.50 / BTC, I have to go to the terrace to reassure my brain that is constantly coming back to 2008 mode Cheesy

, It's too late for me, I can never have a decent amount of Bitcoin. Cry

I have a very similar exerience. I went full in at prices $4600-4800 in 2017. This happened after one awful trade in August, when I decided that the bull run is over and sold everything at $2700, one day before the first mega pump above $3K. It was very unfortunate since the price returned at 3K but only after I bought back what I had with double amount of fiat (i.e. all my savings). Not that I wanted to trade, but I was afraid of the coming fork, which threatened to destroy the price for a long time. After that, in November at the day of the fork, I sold half of my stash because of the dump I feared. Instead, the fork was cancelled, there was a bull run and I bought back at a higher price again. Unfortunately at this time kraken didn't fill the existing buying orders below my rebuying point and I lost something more because of it.

Finally, I sold half of my stash in December in the day I've read an article how manipulators will use futures to dump the price. It was clear to me that soon the futures will kill the bull run. The unfortunate thing is that I sold at 13K and few hours later the same day the price shot up to 17K. I was very frustrated and bought back at the first dip to 15K. This was my last sale. Needless to say I've become a hardcore hodler since then.

All this is very unfortunate, because I've missed so many trains. I've heard about Bitcoin in 2015 when the price was 300$. I didn't even know how the price was forming and thought at that time that the miners offer this price to the buyers (crazy, I know). At that time I decided to build gpu rigs to mine Ethereum and invested 10K euro. Although I missed the Ethereum bull runs, I made some profit of 15K euro, which I constantly changed between USDT and Bitcoin because of the crashes in 2017. Because of these fails, I didn't sell even a satoshi at 20K or 14K this year, which turned against me again. This is in short my lamentable story. Very, very bad luck, like in my whole life. Some times I think because of me Bitcoin entered this bear market, as if someone above doesn't want me to be rich. My only weapon is the unique stubborness which helped my entire life to endure all bad things and have some professional success.

Quote from: LFC_Bitcoin on December 07, 2019, 09:36:42 AM

Who wants to join me & start a mining farm in Myanmar?

Wink

Trinidad and Tobago is better. Beach, palm trees, nice BTC profit+mining income=happiness! Grin

Quote from: El duderino_ on December 07, 2019, 04:32:55 PM

...

4/8 Thus, the “addresses w/ any balance” metric may overcount the total number of individual bitcoin users because many addresses can be associated with one individual.
https://twitter.com/intangiblecoins/status/1202950880334635020?s=20

5/8 On the other hand, many users keep their coin w/ custodians and exchanges, which may use single omnibus addresses to hold customer funds. In these cases, one address may actually represent many users, causing this metric to possibly undercount the total # of bitcoin users.
https://twitter.com/intangiblecoins/status/1202950881588719618?s=20

6/8 These two factors play against each other, and it’s extremely difficult, if not impossible, to determine the extent to which they offset each other.
https://twitter.com/intangiblecoins/status/1202950882880606208?s=20

I think it is safe to say that BTC owner is someone who owns the keys. At the moment such person deposits ALL his BTC's on an exchange, he delivers the possesion to the exchange. Whether he sells them immediately or waits for better price does not make him BTC owner anymore. And if someone buys BTC's but keeps them on an exchange he is also not an owner. These people are traders who don't care what they trade, only care for the profit. Therefore, the number of BTC owners (real investors) is less than 28 mil. Provided that almost everyone has at least 2 addresses (and some more than 10), the real number is much smaller, probably below 14 mil. Compared with the Earth population and the 3 mil BTC's left to be mined, it is clear that the mass adoption has only just begun.

Quote from: JayJuanGee on December 07, 2019, 06:44:46 PM

Quote from: ivomm on December 07, 2019, 05:27:40 PM

Quote from: El duderino_ on December 07, 2019, 04:32:55 PM

You seem to have a perverted way of taking not your keys not your coins to an extreme, ivomm.

Of course, if custodians have bitcoin keys they can brute-forcedly fuck peeps out of their coins, whether by hook or by crook or by accident. But having a claim to coins rather than holding actual coins does not mean that those people with claims to coins are not bitcoin holders, even though they personally are not holding the keys.

Get real. Think about it. Don't be giving any license to coin custodians to believe that they own the coins under their control, and custodians still have fiduciary obligations, even if they get a lot of leeway in their legal rights and even their historical corrupt practices and abuse in that direction.

If people had absolutely no faith in institutions custodying their value (whether bitcoin or otherwise), we would have a lot of fucked up situations and likely be in a kind of stone age that lacks in finances and money and inferior systems that involve trading cows and chickens, etc etc.

So, anyhow, there may be some bitcoin wallets that custody the bitcoins of thousands or even millions of users, and of course, most exchanges are going to engage in some dividing of the assets under management, so institutions might also have some addresses that hold a large number of bitcoins and other wallets with smaller amounts of bitcoins and in the end, there are real people and real institutions that have valid and legit claims to those coins under management..even if their claim has legally (and reality) inferior status than the coin of someone who is actually holding his/her/its own coins and private keys.

In general I like your thinking except in cases like this, where you either didn't read carefully or write without thinking. But I am in a good mood, so I will explain the obvious.
-If you sell your coins, you are not an owner anymore. You once were, but the statistics cover only the addresses with a positive balance NOW, amInotRite?
-If you transfer most of your coins to an exchange but keep at least some dust in one of your addresses, then you are technically still an owner.
-If you transfer ALL of your coins to a personal address which is given by an exchange, you are technically not an owner, because there is a chance that the exchange or a hacker can scam you and you won't be able to withdraw it back. You heard about "Not your keys, not your coins" (MtGox hinted). BUT, I wasn't even talking about this case, because these addresses might be counted by this survey. I was referring to the last type:
-Finally, if you give ALL your coins to a friend, trust, OTC, whatever, and you don't have a personal address and ability to controll your bitcoins, then how the HELL you can claim you are an owner?!? You are a seller who is in process of selling, or shorting, or trading or whatever. The same applies for non physical futures trading. Why should we count those people as Bitcoin investors? They are like every other gambler who puts money on horses or whatever. No matter there might be millions of them. The point of this survey is to show the number of addresses hence people behind them (as an estimate), who are involved in real possesion of BTC at this particular moment. And this number is shockingly low <<28 mil, which is a very good bullish sign, so let's not spoil it with nonsense verbiage anymore, mmmkey?

I am just curious why every time we have some big or small increase, a dump follows below the starting point of the "pump"? Are these the 1%-daily-profit-seeking-traders, or the casual way the closing of short/long positions work? Or even worse, whale shorters, who defend their shorts by dumping on Bitstamp their prepared bitcoins for this purpose? Perhaps some experienced trader can share his thoughts? And in this regard, is the longs vs shorts ratio on Bitfinex (293 mln vs 45 mln) a threat for the price, i.e. a potential long squeeze? I've noticed that Bitfinex longs are more stable than on Bitmex. The volume is the same as it was when the price was above 10K. Better funded perhaps, so it is hard to get a long squeeze even from 10K down to 7K. On Bitmex there is parity (312 vs 330 mln).

C'mon 1% daily piranha traders, you miss the huge pump from 7195 to 7210. Go, eat that profit immediately!

Edit. And 3 min later back to 7195. Nice job, guys, you got immensely rich!

If I have to summarize this year, I would say that once again Bitcoin has proved to the world that the claim that the 2017 bubble had burst, was not true. Although in early 2019 the price hit $3,100, a gradual growth began. This growth naturally reached $14 000, i.e. 70% of previous ATH, without the help of mass psychosis from an upcoming event. This proves that in 2017 Bitcoin experienced a natural cycle of growth, with a demand-supply ratio at the core rather than some global "tulip mania". The slow decline to $7 000 in 6 months after the AYH, compared to the many quick and steep crashes in 2017-2018 only confirms that the price is in the process of stabilization, before the next bull cycle begins/resumes.

Quote from: VB1001 on December 14, 2019, 07:44:00 AM

Who says men can't do 2 things at once. Wink

The chart's bottom looks sexy for placing a buy order.

Quote from: mindrust on December 16, 2019, 09:49:32 AM

I just fired another $250. If it goes down I'll fire even more. If it goes to 3k I am going full berserk. Taking no prisoners. My ammunation is stronk.

What a beautiful morning, cheap coins feel good.

It is good that you continue to buy, I admire that. But the next part about 3K sounds to me like gembitz. He is notorious for his moronic "weeee" posts claiming that the price will fall 50% from the current point.
Yeah, I remember you said the same for getting to 8K, when we were nearly 14K, then 6K when we were at 11K, now 3K. If we get at 3K you will say the same for 1K. You had 4 months from Dec 2018 to April 2019 to buy at 3K and you didn't. And besides, one year ago the crash happened because there were no indications that the price will recover soon. I can't imagine how the weak hands that sold at 3K felt when the price hit 14K only 3 months later. I guess not good at all. Now the halving is only 5 months away. So to have expectations of reaching this low again is softly speaking unrealistic. I am just writing this so that you are not fooling yourself and one day to regret for underinvesting. The current price is beyond good for investing more. Surely, it may fall a bit more, but in the end will it make a difference, if you are a strong hand and hodl until 30-40-50-100K or whatever price target you choose? #stronghands

Quote from: hnbdgr on December 17, 2019, 10:51:56 PM

Quote from: JayJuanGee on December 04, 2019, 06:39:11 PM

Quote from: hnbdgr on December 04, 2019, 01:17:44 PM

The current price is looking sooo tempting Shocked

Should I go full in now, or wait for another dip? Or be rational and buy in 2-3-4 portions? Huh

This is the question! Huh

Wait. For sure.

Perhaps wait for sub $3k.

Why would you want to buy now? There has ONLY been less than a 50% correction from the $13,880 local high.

Actually, I am all in in terms of life savings, but not in terms of networth, since I don't have a bank loan and I own my place and a car. Now I am tempted to take a loan from the bank guaranteed only by my state job salary and not by mortgage or anything like this. I've been playing various scenarios because a bank loan is a risky thing. What I've come
to as a solution is to take one loan to buy at the current levels with monthly payments for 10 years equal to 1/6 of my salary. The annual interest is 5%, so at the end is slightly above 25% for the whole period. I can't risk all money at once, since the price can fall to 3K. If this happens I can double the loan. I still have my cold stash which would be 3x-4x bigger than the loan and is an insurance against a theoretical job loss. I suppose the risk is not too big, since my state job is with an ulimited contract. My motive is not some greed for a quick profit, but rather to reach an amount in bitcoins which I had in my mind. I tried to reach it but I failed for various reasons. And most probably I won't reach it, because max 1 year after the halving the price will stay higher than 10K. If you want to encourage me (or not) go ahead, every opinion will be appreciated!

It depends how big is the loan. I for example have 2 credit cards which are almost empty. I pay 100 euro each month with 4-5% interest . The sum I owe is around 6 months salary. I never had any worries even when we fell at 3K which is way below my investment point at $4800. On the contrary, I emptied the cards even more and I dind't think to fill them even above 12K. One of the reasons is that I am afraid someone can steal the sum while shopping (it happened through paypal once). Yesterday I ordered a rare medicine for my eye and I had to enter my credit card number in a not well known website. Luckily they took only the sum that was right and hopefully I will get that medicine. But my insurance is that my card is almost empty anyway. I guess I can live even with a double debt, if the monthly payment is low enough, for a long time. The most important thing is to learn to hodl no matter the circumstances. If you can't, a loan is a NO GO. If you can, then a reasonably small loan is not a bad idea in my opinion.

I am so calm and confident about Bitcoin, yet I couldn't sleep and decided to take a peek at the price - $7290! And earlier today we were free falling to $6400. This is very good bullish sign! And bakkt hit record highs again - over 6200 bitcoins put into contracts today! I guess some of them were bought in the last 24 hours, so bakkt has some impact on the price after all!

Edit. The price shot up to 7440 while I was writing!

Quote from: El duderino_ on December 19, 2019, 08:32:30 AM

Where Do we wanna go from here?? Someone can fill in that question ? Grin

Nobody can predict the next movement these days. But considering how fast the price recovered from yesterday's crash, I think the next target is $8200. I don't know yet who sold so much in the last months, but this wasn't a mass sell off like in 2018. I have a gut feeling that their bitcoin bag is now empty, so I wouldn't be surprised if we jump and this time stay above 10K in the following weeks. If my gut feeling is not quite right, we may be in pains for the next weeks with jumps and falls around 7K. It is less probable that the bears attempt a new attack on $6500, this will cost them too much. At least they don't have the support of the miners, who are still on a loss right now. The hashrate compared to the last year doubled, so for the miners for example the price $3200 in 2018 is equal to $6400 now. I think that the break even price considering the electricity and all maintenance costs right now is around $7-8K.

My final buy for the year: 0.14BTC. Merry Xmas everybody! Wink

Is this a mini weekend pump, or a turning point from where the bull run will resume? The bulls may try to attack 8K in the next hours and see if the bears are caught off guard.

Quote from: VB1001 on December 24, 2019, 10:54:06 AM

Here we are forming a good support base. Wink

WO Family, Merry Christmas everybody

Kiss

#nohomo

Now I know why the price is going south

Quote from: El duderino_ on December 24, 2019, 03:05:45 PM

Mic is waiting for the first one to say something stupid like ..... pfff some one just dumb the price to buy some last minute X-mass gifts Roll Eyes

Yeah indeed that’s why the prices suddenly drops 100$

Yeah, last minute stocking stuffers!

There are some good points in the new letter of Bitwise to SEC. Speaking of regulated markets, I wonder whether they missed to mention bakkt on purpose. Anyway, the fun part in the letter is "This is a standard that, historically, even the most well-regulated, arbitraged, and liquid markets, such as the U.S. equity index options market, have not met." This clearly shows that the Staff is manipulated by its chairman and is looking only for excuses. Of course, Jay Clayton being a Trump's puppet can't allow an ETF, no matter the circumstances.

Here is a short article commenting the letter:
https://finance.yahoo.com/news/bitwise-reiterates-commitment-delivering-bitcoin-150052523.html
And the link to the letter of Bitwise:
https://www.sec.gov/comments/sr-nysearca-2019-01/srnysearca201901-6563974-201035.pdf

Quote from: JayJuanGee on December 28, 2019, 04:52:22 PM

Quote from: ChinkyEyes on December 28, 2019, 12:39:57 PM

There is no such thing as being over invested in bitcoin. Pour all that filthy fiat into this imaginary digital gold token shit.

Nobody has ever gotten rich, from not taking any risk Wink

Well, you are not "over-invested" until you are.

I would rather NOT have to come across any kind of scenario that I am forced to sell my BTC at any time that is other than my choosing. Surely, once your BTC become sufficiently profitable, then at that point, you don't really mind that you might have extra value in BTC.

Let's say that you have $100k in BTC value and $8k in cash, but you unexpectedly run into an emergency expense that is around $20k. BTC prices are in a dip, but you might be fucked because you are forced to sell off some BTC, at a time that is not of your own choosing, and worse if BTC is in a dip during that time, but surely better if your BTC are profitable rather than unprofitable when you are forced to sell some of them to cover your unexpected expense. Then as soon as you sell to cover your expenses, BTC does a 3.5x in 3 months and during a period in which you don't have enough of a cash flow to replace any of the BTC that you had been forced to sell during the dip. Sure would have been nice to have had other resources to draw from for that $20k expense, rather than having to draw from your BTC stash during an inopportune time, right?

Sure, my example might not be extreme enough, but you should be able to recognize what I am trying to say... you could end up getting wiped out of your BTC investment.

I have said, several times, that I had purposefully invested in BTC in a much higher than expected proportion than my comfort level (which is another way of saying overinvested) because I have wanted to feel a lot of comfortable in selling BTC on the way up. That is part of the plan to be able to skim off a few BTC here and there on the way up, and in that way, I feel comfortable with my level of overinvested.

So, surely, overinvested is possible, and each of us has to determine what kinds of income/expenses s/he has going on in his/her life in order to figure out what kinds of resources that we are going to be able to draw from when some of the unexpected expenses might end up playing out at the most inopportune times. Yeah, things are going all good and fine and thinking that we have cushions here, there and everywhere, and fucking bitcoin dips 50% and then 65% and then 85% and we thought that the bottom was in at 50%, and in the mean time, we have real world activities going on that could cause us to have some unexpected expenses taking place at the same time that BTC's price is dipping and at a time that we have already used up a large amount of any spare cashflow that we had in our sock drawer.. that is looking pretty sparse during those times of need. Why the fuck do I have to pay that tax? Why did they store gasoline in the closet? why is my new lambo/leer jet parked in that location, and why wasn't the insurance up-to-date? Fuck? Is the world against me, everything negative happening at the same time?

Yeah, shit happens. Especially if you do not adequately pee pare ur lil selfie. Wink

Speaking of over investment in Bitcoin, we should distinguish the two types of "all in". The first type is in terms of fiat savings and the second is in terms of net worth. If someone invested all savings in Bticoin but this is only 50% of his net worth, he has some options. In case of emergency and if the price of Bitcoin is below the investment point, he have a choice to sell some belongings or, if he has a stable job to use bank loan/overdraft/credit card limit.

Quote from: Icygreen on December 30, 2019, 09:21:00 AM

Quote from: JSRAW on December 30, 2019, 09:09:12 AM

Youtube says please pay 12$ mo.

3 mins ads sounds bit too much. what are you watching Huh

in my experience its around 5-7 sec ads every now and then.

LOL, 12 bucks.
All bitcoin related vids. Today was the first time not being able to skip after a few seconds. Adds are compelling trading targeted videos for early 30's to mid 40's.
I have numerous addblockers and behind a VPN. No help Angry

Anyway, rant over, it's time for a traditional Russian sauna (Banya) to bring in the new year!

Have you tried the chrome extension adblocker for youtube?
https://chrome.google.com/webstore/detail/adblock-for-youtube/

Quote from: Icygreen on December 30, 2019, 02:34:35 PM

Quote from: ivomm on December 30, 2019, 11:17:38 AM

Quote from: Icygreen on December 30, 2019, 09:21:00 AM

Quote from: JSRAW on December 30, 2019, 09:09:12 AM

Youtube says please pay 12$ mo.

3 mins ads sounds bit too much. what are you watching Huh

in my experience its around 5-7 sec ads every now and then.

Anyway, rant over, it's time for a traditional Russian sauna (Banya) to bring in the new year!

Have you tried the chrome extension adblocker for youtube?
https://chrome.google.com/webstore/detail/adblock-for-youtube/

I've got adblock but wait, there's a version specifically for YT? Also have privacy badger, uBlock, and another one I'm forgetting the name of at the moment.

@ dabs,
That's what I thought until I opened up a totally seperate vid back to back with the same add. Felt like they weren't going to let me see anything until I watched that add. Perhaps coincidence.

Yes, it is specifically for YT. I think it is different from the adblock software.
https://chrome.google.com/webstore/detail/adblock-for-youtube/cmedhionkhpnakcndndgjdbohmhepckk

Quote from: AlcoHoDL on December 31, 2019, 08:13:05 AM

I remember I read somewhere that a Halving will eventually generate a x7 increase in the price of Bitcoin.

Problem is, I can't find a reference to where I read it...

Sounds good though, doesn't it?

HoDL!

I believe Bitcoin will reach 7x from the last ATH, i.e. 130-140K. What I don't believe is that I will have the mental power to HODL until then Grin

The price won't get there automatically. There will be many major resistances on the way. For starters, we have to break the two major resistances at 12K and 19K. There were many predictions that at the end of 2019 the price would have been above 20K, but this obviously didn't happen. However, after the halving this is more probable to happen. Considering that in 2017 we had 2 major resistance lines after the ATH was broken - 2.9K and 4.8K, I expect simiar resistance at 29K and 48K. If we are following 2017 pattern, this should happen sometime in 2021. Whether the price will reach and surpass 100K before the halving in 2024 is hard to predict. IMO, there are some chances for that but it will be temporarily and there might be another bear year of dropping back to 30K. But what won't be accomplished after the halving in 2020 it will be done after the halving in 2024. I mean, people now are more cautious and hurry to sell with small profits. Thus it is possible to stay longer at prices around 10K-20K. I won't be surprised if it takes more than 2 years to breach the last ATH and stay above it. In longterm it is better that way. The delayed bull run is much stronger than the premature run. Anyway, after 2024 the journey to 140K will be much easier. Of course, we are speaking only about probabilities, not 100% certain things to happen.

But I want to return to my thought about the power to HODL. I have several selling plans in terms of fiat profit - 600K (which makes me a millionaire in the currency of my country which is attached to half of the euro), 1mil, 1.5mil, 2mil and 2.5mil. I wish I can hold until 140K, but considering I am 47 years old and starting to have some health issues, I really don't know if I will be able to resist the first goal when it happens. Since the expenses in my country are very low, I would be able to live as a rich guy with such sum. I won't be able to buy a lambo, but I may buy/build a luxury villa and continue to go to job (which is not hard, although low paid). And if the price falls 30%+ after I sell, I can rebuy with up to half of this sum. If not, I won't be miserable since I achieved my personal goal. But let be positive and hope for the best. For now, I continue to accumulate as long the price stays under 15K. After that my miserable salary of 850$ per month won't make the difference.

This is IT, ladies and gentlemen! 2020 - the year of the halving! May it bring health, good luck, love and huge bull run!

Quote from: JSRAW on January 05, 2020, 04:18:45 PM

No comments...

Good day for Bitcoin. Bad day for shorters. $18 mil liqudated on Bitmex for the last 6 hours. Shocked

And the poor n00bs think the whole world is against them Grin

Quote from: Raja_MBZ on January 07, 2020, 11:44:10 PM

"Rockets hit airbase in Iraq"... Bitcoin pumping.

By following this thread we learn not only about the past, present and future prices of Bitcoin, but also all the world news faster than by following facebook, twitter, etc. The rockets news for example wasn't showing in my facebook/twitter feed when I read it here. Jeez, let's hope this is not a start of a massive war.

Quote from: jojo69 on January 08, 2020, 12:09:34 AM

I am prepared to cautiously state that this does not look like rejection however.

It seems like we've violently broken the falling wedge pattern with high volume. The odds for this are increasing with every hour.

Good morning WO OG! It is nice to see the price staying around $8300. Before checking FB and twitter, let's see what we have here:

Quote from: Paashaas on January 08, 2020, 04:52:25 AM

- Fired missiles at US base in Iraq, only Iraqi casualties have been confirmed so far.

- Iran threatens to strike Haifa in Israel and Dubai in the UAE.

- Iran says it is conducting a second round of attacks on US base.

- Stampede kills 50 mourners during Qassem Soleimani funeral.

- Ukrainian Boeing 737 crashes near Tehran, no signs of any survivors, all 167 people have died. Aircraft was shot down ''accidentally'' by Iranian air defense systems.

- US bans all civilian flights over the Gulf region.

- Oil surges by over 4%.

( Don't forget this is also a war between Sunni's and Shiite's, they hate each other for centuries )

Quote from: ivomm on January 07, 2020, 11:54:32 PM

Quote from: Raja_MBZ on January 07, 2020, 11:44:10 PM

"Rockets hit airbase in Iraq"... Bitcoin pumping.

What I said ^ Wink

Congrats to the lucky sellers of BSV at 0.24 BTC on BFX!

(That's kinda kills my joy of the 7% increase of BTC today. Angry

) But I don't really care for imposter/crooks and their shitcoins. Go BTC, go!

Quote from: Cryptotourist on January 14, 2020, 05:51:55 PM

Quote from: Biodom on January 14, 2020, 05:45:58 PM

Do you guys observe anything else?
It is a very strange day outside of BTC (some alts are going positively crazy).
Anybody has a rationale?

Noticed Dash earlier on, but hey, look at that Shit Vision coin. Tongue

Quote from: ivomm on January 14, 2020, 05:49:57 PM

Congrats to the lucky sellers of BSV at 0.24 BTC on BFX!

Wrong thread asshole.

I don't know about you, but I am a proud Bitcoin hodler. Perhaps you are referring to yourself and your wankcoin? Grin

Quote from: El duderino_ on January 16, 2020, 03:38:28 PM

https://twitter.com/whalepanda/status/1022550208817889280?s=21

Old, but I did had a good laugh with this one Cheesy

Speaking of old funny shitcoin videos, this is my all time favourite: Grin

https://twitter.com/richardheartwin/status/952021214909927424

(Audio is in Russian, still a fun conversatilon

)

Quote from: LFC_Bitcoin on January 17, 2020, 08:55:42 AM

OK!
After talking about this privately with a couple of high ranking WO’s we declare ivomm as the winner.

Please PM me a bitcoin address.

(I meant $9000 hence the Vegeta meme - sorry about the ‘over’ confusion/technicality)

Edit - Just saw this

Quote from: Cryptotourist on January 17, 2020, 08:34:49 AM

Congratulations to the Vegeta meme winner!
Missed you both by a fucking second.

Now if we look closely, AlcoHoDL's Bitstamp screenshot is a few seconds earlier that ivomm's.
That's because ivomm edited the Vegeta post to add the Bitstamp screenshot after he posted the Vegeta.

I was thinking about that tbh. Whether I should do the same or not.
I'm not trying to say ivomm did something wrong, I'm just stating the facts, cos LFC asked for a clear picture.
For myself they are both winners.

AlcoHoDL - Also winner - Please PM with address.
I can’t decide or split you!

I received the bitcoins! Thank you very much! Cheers!

Ouch! $106 mil Bitmex liquidations. That hurts! Why everytime I am in a bar with my friends the price drops by 5%? It is not pleasant to pay the bill for a drink, while my fiat fortune is less with thousands $'s. I know, f***k the fiat. 1BTC=1BTC.

Finally found the best trader in the world:
https://twitter.com/Cryptanzee/status/1219927530422988800

The rest multiply with (-1) at the end Grin

Quote from: martyMC on January 24, 2020, 05:35:03 PM

Quote from: JayJuanGee on January 24, 2020, 03:19:26 PM

Quote from: martyMC on January 24, 2020, 07:35:56 AM

Quote from: JayJuanGee on January 23, 2020, 07:12:06 PM

-snip-
... I would rather just go up from here, but seems like there exists some short term down momentum... how low it will go remains another to be determined matter.

Why it would go up please? I don't understand...

You sound a bit like a troll asking such a terse question, but for now, I will give you some benefit of the doubt, since I don't recognize your user name or having had posted in these here parts, previously.

In the short-term, we cannot always determine exactly BTC's price direction, and there is a bit of an inclination that BTC's price continues to move in the direction of the momentum that it already has until it no longer does.

Regarding BTC's medium to long term price, the pressure remains UP, and you can look at BTC price prediction models and information related to those price models which would include: 1) stock to flow, 2) four-year fractal, 3) metcalfe's law and networking effects pertaining to s-curve exponential adoption and 4) other similar models.

If you do not understand the meaning of these models and you believe that they are purely theoretical, then likely you need to do more studying of bitcoin. Surely there is a decent amount of truth that past performance of any asset does not guarantee future performance, and none of the price prediction models that I listed really rely on BTC's past performance, but past performance remains helpful to them in analyzing the models and where we are at in terms of those various price prediction models (looking at either time or price).

Do you have any other models or theories? Do you believe that BTC prices are going down or going to stay flat in the coming 1-3 years? How about 5 years? What do you expect?

I am frequently asserting that nothing is guaranteed, including bitcoin, but even if the price direction of bitcoin is far from guaranteed, there remains a decent amount of strong evidence that any person that takes bitcoin seriously and puts a bit of their assets into bitcoin, such as 1-10% of their investible assets are likely in a good starting place, even though individuals are going to vary in terms of some of their financial abilities or even assets that they might have available and able to invest in bitcoin.

In any event, bitcoin seems to be a very asymmetric bet, towards the upside... so good luck to anyone who has NOT yet come around to understanding the asymmetric bet concept... you (lacking in understanding peeps) are going to need it (meaning luck).

Quote from: Cryptotourist on January 24, 2020, 09:03:22 AM

Quote from: martyMC on January 24, 2020, 07:35:56 AM

Why it would go up please? I don't understand...

Cos it's BTC.
(btw, JJG didn't say that)

You seem to be suffering from the shitcoin syndrome.
Wish you a quick recovery.

True dat!!! martyMC seems to have been engaging in a bit of a twisting of words, and maybe I should have restrained my lil selfie from taking the bait... I see that with some of his continued stupid-ass posts on the topic that do not really seem to add any value, just ask dumbass questions as if we were in 2011 when hardly anyone understood bitcoin, at all. We are NO longer in those earlier days, so excuses for ignorance are NOT as acceptable... even though I do accept that there are genuinely a lot of people in the world who are quite susceptible to misinformation and disinformation regarding bitcoin because they do not know enough about the topic.

So you really think there is an unlimited free lunch for Bitcoin holders?
Everyone buying and holding at any price will win free money... indefinitely...
So even the dumbest guy in the world just need to buy bitcoin and sit down to earn money? He just need to wait to beat the market and steal money from professional traders? Cheesy

What about all the people who bought Bitcoin 2 years ago? How much did they earn as of now?

Basically, you are saying that if the price is temporatily falling, this is the end of the road. Any arguments about that? For example a comparison between the current market cap with other assets (like gold), or mass adoption progress (the number of addresses or people with positive balance), or the yearly inflation rate (related to the supply which is cut in half each four years)? If you can't prove that all these parameters are at the absolute maximum, these statement of yours are just a high school trash talk.

Obviously, you are just one of the many narrow sighted n00bs who came here, proud of your one or two lucky trades. You remind me of one Ph.D. student who had a report at a conference proudly boasting in front of specialists with 30+ year experience in math and computer sciences, that he'd worked in this area for 2 weeks and already achieved something big. His report was so elementary that the audience exploded in laughter when he boasted like this. I am just saying that your few %'s gains are not to be compared with the profit of any well established holder here. Many of us started investing in single and double digits. I doubt you are able to calculate the profit in terms of %'s but give it a try. May be it will help you to compare it with your gains by trading. Most of us started in 3 digits, and fewer around 3-4K. We continued to buy even above 10K and there is nothing wrong with that.

Good Saturday morning, WO gang! I just saw a cool video and made this gif. I am going to have some coffee with my friends now, and this is how I will feel peeking at the price Grin

Quote from: VB1001 on January 28, 2020, 03:02:56 PM

2017

Quote

“It will offer more opportunities for Chinese researchers, and our contribution on the BSL‑4-level pathogens will benefit the world,” says George Gao, director of the Chinese Academy of Sciences Key Laboratory of Pathogenic Microbiology and Immunology in Beijing. There are already two BSL-4 labs in Taiwan, but the National Bio-safety Laboratory, Wuhan, would be the first on the Chinese mainland.

https://www.nature.com/news/inside-the-chinese-lab-poised-to-study-world-s-most-dangerous-pathogens-1.21487

NOOOOO!!!

The National Biosafety Laboratory is one of the largest virus laboratories in the world.
See the city where it is located: Wuhan

Dammit> #motherfucker

I didn't know anything about this lab, but the moment I heard the explanation about eating wild animals, I was 100% sure it is a lie and people in labs are to blame! And I know this because asians, especially in Vietnam during the war were eatich raw and wild animals, even worms, insects, etc. and nobody got this virus, until now! Communist dictatorships ALWAYS lie about the cause of such disasters! Chernobyl is exhibitt A!

P.S. It is fun to watch that cat while listening to fast rock'n roll songs by guns'n roses

This recovery to 9370-9400 is another indicator that the 2019 Spring bull run will repeat one way or another. The lack of a serious correction in the first half of 2020 is quite possible, considering that we are in the last stage of the pre-halving accumulation. I admit I have no idea what will be the halving local top (12K, 14K, 18K, new ATH ?!?) but if in the Summer of 2019 the price somehow managed to stay above 10K for a long time, I guess in the Summer of 2020 the price will stay more firmly above 12K.

Sorry for the off topic in this Corona Virus Observer thread, but BTC is pumping above 9500$. Weee! Some 400 BTC wall remains at 9800 still. Popcorn time!

Observing 9700. (Where is Gembitz with his wet dreams of cheap coins? Timber! Weee! lol) This smells like 10K incoming!

It was so fast, I didn't see what happened with the 400 BTC walls at 9800 both in Bitstamp and CB? Were they eaten or removed?

Wow, my rank has just upgraded - a new hero is born Wink

Thanks mic for the last merits to 500th and for being a true inspiration to all of us! And thanks all WO brothers for the honor of sharing my sincere thoughts in my posts! #HODL #StrongHands

Quote from: JayJuanGee on February 08, 2020, 04:57:09 AM

Quote from: Biodom on February 08, 2020, 03:28:20 AM

By doubling I was simply referring to last year (2019) with a desire to see the trend continuing sans large spikes and drawdowns.

Agreed.

2019 was a doubling of fiat value; that's for sure.

In another thread, I have already been criticized for somewhat selectively stating that point and also I had stated that so far this year, we are up more than 30% (well currently it is about 36%). So, yeah overall 2019 was a good performing year, but we also have to kind of put the matter in context of having had started very close to the bottom of the drowntrend that drug nearly to the end of 2018.

I just don't think that we can expect some kind of gradual incline, and even if we look at 2019, it was quite the ride that got us through that whole process, and surely lucky to be up nearly 100% for the calendar year.

Many of us anticipate that BTC is ramping up for an upburst, yet it is still uncertain whether we could expect 100% for 2020 and another 100% for 2021, but we also know that there are quite a few of us (and surely I am inclined in that direction too) who are kind of anticipating that 2020 and 2021 are going to at least average !00% for each of those two years by the time we get to the end of 2021.. which would be a mere $28,700 (/2 = $14,350 /2 = $7,175). So, yeah the next two years may well be decently performing years, but we have to prepare for extreme volatility - which seems quite likely too.

I think that you, Biodom, anticipate such likely considerable volatility too - even though you might be just hoping for a more gradual wave sequence that is amongst the lesser likely scenarios.

Surely, we are going to find out.. and surely the next couple of years seem to be quite critical^tm in showing us how closely BTC price is likely to track the stock to flow and 4 year fractal model or if any kind of doubt starts to build regarding whether more appropriate models might apply.

No way am I hostile to the theories that bitcoin's price swings might become less severe into the future with a growing market capitalization - but still we had a decent 78x in the 2015 to 2017 growth period, so even a 1/4 of that level of growth is going to put BTC into quite high territories, even if we were to use the current absolute bottom of $3,124 as our starting point - even though I believe that a $6k-ish bouncing off point would probably be more representative of BTC's bouncing off point.... but a 1/4 the volatility which is a 20x still puts BTC's high at anywhere between $65k and $120k.... and maybe you are wanting to go lower than 1/4 of the volatility.. which seems to erring on the side of almost fantasized conservatism in what are likely to be forces underlying BTC's upcoming price forces.

So, yeah, it is possible that the upcoming bubble (if it happens) will be less than 1/4 the size of the 2015-2017 bubble, even though we really have not been witnessing evidence of such conservativism, and really we have likely been witnessing evidence that bitcoin is even more bullish and even more frontloaded in the ability to perform beyond such conservative constraints. I like to be conservative too, and not to count my eggs before they are hatched, but such conservativism, if it plays out, is likely going to justify tweaking our currently most historically conforming price prediction models a quite a bit towards the downside... so we will see, we will see.

I am not going to deny that powerful forces are likely going to try to manipulate such BTC price prediction models down or to make us believe them to NOT be true, but I just have my doubts about if they can be successful, especially if we are looking at 2 years or more for the price movements to potentially play out.... they are going to likely try to manipulate down and overdo it, and what happens is exactly the opposite of what you want, which is an explosion to the upside that is NOT sustainable.

Each scenario must be analyzed, including the most negative one. If we are talking about the top of the bull market in the next 4 years, we have to take into account all the factors that have influenced the price in the last 4 years. The question is which factors will be absent and would affect the peak reduction. The difference from $ 175 to $ 19666 is 112x. 1/4 reduction is 28x. One factor is the liquidity of the most bearish exchange, which participates in the price formation. The other factor is the FOMO mania caused by the media at the end of 2017.

In my opinion, the FOMO effect at the end of 2017 did not increase the liquidity. On the contrary, people went to buy shitcoins and miners because they thought bitcoin was very expensive. So the jump to 20K was something that should have happened, even slightly delayed by the numerous bans in China.

Concerning liquidity, there should be signs of a decrease, expressed in lower percentage peaks than in the previous period. So far, I see no objective factors for such a huge 1/4 drop. We even have a double ahead of growth - in July 2019 and the present. After the halving, if FUD is not successful, this overtaking can only increase.

However, on the one hand, the price of 349K (112x) seems too high and comes close to the price of gold. On the other hand, the way the Bitcoin exchanges operate is very different from that of gold exchanges. In Bitcoin exchanges the volatility is very high for a number of reasons. Jumps of 20-40% in one day are normal, and they are determined by the avalanche elimination of short positions. So, even without a rise in liquidity, these things happen. Of course, this cannot go on forever. At some point, liquidity may start to stall.

For example, at 1/10 reduction, we would have a peak of 35K (11x). To me, this is the absolute minimum, in the absence of extremely bad news/FUD that would permanently damage the market. With a 1/4 reduction we would have a peak of 87K (28x). Perhaps the most likely option is a 1/3-1/2 reduction with a peak between 120K and 180K.

Yep, 10K touched on Bitstamp. Back to sleep now

First 10K, next 100K and then:

That's why I am not going to buy a lambo. Although theoretically I already can buy one almost new 8K km 2019 huracan right now. Grin

I prefer a beach villa for this price.

6 hours massive dumps on Bitstamp... and 10K still holds... I feel sorry for those n00bs who believe the trolls with scary 'correction' predictions. They never learn... Tolls buy twitter, bitcointalk, reddit, etc. accounts just to be able to spread their stupid charts. Anyone naiive to sell his precios coins 88 days before the halving needs urgent medical treatment in psychiatry. Having said that, it is wonderful to lose forever the extremely weak hands with only 4% drop from today's AYH of 10500. Let's see how long it will take to set a new AYH. 2-3 days tops perhaps?

It is even better than this:

Quote from: ivomm on February 13, 2020, 12:25:35 PM

Actually 2-3 hours. Even the perma bulls can underesimate the bull run Grin

This is how a hodler experiences a roller coaster like today's action:

Quote from: DeathAngel on February 16, 2020, 09:38:16 AM

Sub $10,000 Angry

I suppose we were due a correction but it really feels better seeing the price over $10,000. The inevitable is only being delayed any way, moon in the next 18 months

Everyone should be in accumulation mode before the halving, except addicted shorters who don't know about it. If you ask them they will either answer: "Nope, I didn't hear about it. 10 000 is a nice number and I can make calculations easier, so it is the time to short." Or, "Oh, yeah... I remeber reading about the halving and someone in twitter said it was already priced in. 10 000 is a nice number and I can make calculations easier, so it is the time to short." Exhibit A is one of the many newbies like whiteboy, who was posting about his shorts at 6.7K. We didn't hear from him since then, so I can only imagine how his shorts played out so far. He's been probably liquated 10 times so far, but if he makes a successful short now, I am sure he will come here to brag about it. Grin

Quote from: LFC_Bitcoin on February 26, 2020, 02:28:56 PM

Right, it’s low enough now. Logging onto laptop to buy 0.5BTC.

... for my wage to arrive at my bank account later today. I am going to place a huge buying wall of 0.077BTC at CB. This will stop the crash for sure! Wink

Bears, you have been warned! Tongue

Quote from: LFC_Bitcoin on February 26, 2020, 02:59:48 PM

....

I told myself I’d always keep X amount of fiat in savings. I’ve spent 75% of my fiat savings on corn which included some inheritance from an Aunt in the last 18 months.

So much for being sensible.

Oops!

Fiat savings are junk though, I’ll make way more probably in just 6 months from corn appreciating in value than I would in decades sitting in a UK bank.

I couldn't agree more. The funny thing is that the only extra cash I planned to save for this year was for a vacantion in Italy or France. With this corona shit going on, obvioiusly I won't need that fiat, so I continue to be 0% in terms of fiat savings. I think as long as the safety precautions regarding keeping and transferring bitcoins are taken, there is no risk in being your own bank. Banks aren't safe, there are numerous thefts from bank accounts by bank employees, drained credit cards, etc. The best you can achieve in this fiat world is to maintain a parity between USD and Euro savings.

But what will be the gain compared to Bitcoin in longterm? 0% compared to 10x, 100x, etc... I prefer to hodl until I retire in 20 years rather than to keep some nonsense fiat. I am happy to live with Bitcoin and my mind is focused on increasing my stash, rather than selling for fiat. Hopefully in few years, we will be able to buy real estate worldwide with bitcoins, so the banks may not be needed at all.

I am not so sure if we will see 100K in the next 3-5 years, but if not, I will continue to DCA and find another resourses in case of emergencies. Even if we imagine for the sake of bear trolls that in the next 20 years we will stay at the current levels, if we continue to DCA, in the end the price will go somewhere near 20K and we all be millionaires. So it is a win win situation. It always has been. But of course, most probably, even under 10 years we will see prices above 100K. It is only 10x from now, so if we have another year like 2017, this may happen any year. However, it will take more time for the price to stabilize above 100K and achieve some epic ATH's around and above gold's.

Just bought 0.0777BTC immediately withdrawn to my cold storage. Hopefully more people will learn to do the same, instead of looking for a quick profit. The more bitcoins are removed from exchanges the better. Wink

Quote from: somac. on February 28, 2020, 12:08:53 PM

Quote from: Totscha on February 28, 2020, 12:04:18 PM

Offtopic... Observing $8562. This is bullshit! Angry

Yeah I'm not liking it. I thought we had finished with all this bullshit. Apparently not.

Hodler's wealth is build on traders stop losses. Let them lose their money. I feel sorry for them, but there is no other way. It is another gift to buy at these levels. Next week I will buy moar. I am going to replace the credit card limit with a loan which has 3x less interest, thus getting $5555 for the same monthly 50 euro payments. Waiting for a call from the bank to finalize the documents... Roll Eyes

Time to buy some pre-halving corn: 0.312BTC. Next week may be the same amount Grin

The reason for this drop is very simple: I bought 0.31 BTC yesterday at $9100. Bitcoin gods hate me Embarrassed

. But they can't beat math. The last week was very interesting for me. I secured 5000 euro for immediate buys + 20 000 euro in case some dramatic crash happens below 6K. With the remaining 2500 euro I can buy another 0.35BTC if the price remains for the next 2 days. I am so happy that I endured all turbulences and increased my stash. I started with 7 BTC from my ethereum rigs in early 2017, and now I am at 17+BTC, despite one premature sell in the Summer of 2017. It was a mistake of the growth. Then I shifted my goals from $20K profits to much higher. Hopefully I will be able to make the classic 21 BTC before starting to sell according to my plan.

I just caught that dip to buy moar Wink

For now I am done buying. But if the bears insist on selling, bring it on, I am ready!

The 5% combined order book looks pretty impressive in favour of the bulls, esp. on Bitfinex. This should be the end of the bear cycle.

An open letter to weak hands.
Dear scaredy hands!
Clearly, you don't mind losing 10% of your wealth each day and buying TP. So I have the following gentle proposition.
If you didn't sell all your bitcoins until today (60 days before halving, which is priced in as we all know), consider this: the Earth population in near future will buy all available TP, driving the price of 1 TP roll per 10 000BTC. So I gracefully propose 1 TP roll for 1BTC right now. Send to me your bitcoins and I will FedEx you the TP right now.
Send the coins to: 3PVrzHfJxquWsVbhoZ1yWqswWFzhLMWXNG
Pm me your address.

You will thank me later.
Best regards!

Hey guys, cheer up! This storm in a cup of tea will pass out. (I am referring to Coinbase, where thousands of small fish were panic selling like hell all day.) Although I shot my bullets at $9K and $7.8K, I am not frustrated. On the contrary, I am not even bothering to transfer any of my $23K reserve, which is the very last that I can afford. This is kept only if the price falls way below my main entry point. I expect, however, the price to recover in the next 2 weeks, similarly to the 3-4 Feb 2018 roller coaster 11k-6k-11k.

Since we all love to make predictions, I will make some bizzare prediction for the Summer of 2020. In early 2019 when the price fell to 3K, I was giving <10% chance for the price to recover at $6.4 by the Summer. Above that I wasn't even considering the chances. For example, the Deribit exchange probability chart looks exactly what I was thinking:

And still Bitcoin exploded 4.5x from the bottom. Now, I would give <0.1% chance to repeat that run starting with today's Bitstamp bottom $5714. This would lead to a local top at $25 713 sometime in the Summer. And to make the chances smaller, let's asume a 5x bull run, i.e. $28 750. After that, another 2-6 month correction between 35% and 45%. I know, this is strong hopium. Grin

I would give >50% chances for the price to be around 10K this Summer. There are obviously strong resistances above 10K and of course the ATH 20K. I am just saying that Bitcoin did this several times in 2017 and 2019. In the Spring of 2017 a run from $700 to $2800 and in the Fall of 2017 a run from $1800 (local bottom in the Summer) to $20K. I am just saying that for some reason king Bitcoin turns such odds into reality way too often. So, we shouldn't consider it as impossible. Even 10x in 6 months...

Of course, we should prepare mentally for a long wait in case this corona shit is getting worse. This is just another time extension to buy moar cheap coins. And with such strong shakeouts of the weak hands, it is always better that the coins land into more responsible and strong hands.

I've spent half of my day reading carefully the 20 page lag that formed during the night. I slept like a baby and laughed when I saw that $3850 bottom. Jesus, this fall was epic. Grin

But the recovery is beyond epic. Anyway!

Half of the posts were dedicated to mindrust decision to sell. I am really sorry that happened, buddy! It happens to everyone. You have to accept it and forgive your own weakness. You let the emotions take over the sound mind. In moments like this I tell myself that selling at some point means I believe Bitcoin will not return at this level for the next 5 years. So, ffs how on Earth Bitcoin won't recover to 4K, even if it drops below it?

I mean, you have to wait, patience is needed. And this applies for any kind of investment. Do you think that those who trade with real estates get rich quickly? I follow closely many ads and I can say that 99% of them are not sold for less than 3 years after they are posted. You have to wait and be patient.

If you have bitcoins, you should appreciate them more than fiat and other possesions. Why? Because you will live with the hope that some day you will achieve everything you've dreamt about - a car, a house, etc., things that you would never afford with your salary. What else can give you such a hope - lottery, shitcoins? nah

I will share some of my experiences with the hope to encourage you. In the Summer of 2017 I had 13 bitcoins from mining and trading. I also had 23K euro savings into the bank. Just before my holiday, I decided that this profit is enogh for me and sold everything at $2700. I was happy for 1 day. On the next the price shot up 20%. I comforted myself that this is temporary, but the next week the price went above the ATH, raising in 2 weeks to $4 800. I felt more and more depressed. I was in a beach resort, lamenting the missed 25 000 euro profit. Then I realized that subconsciously I've made the mistake to set a too low profit target. Because the salary was too low - around 600 euro per month, I used to think that 20K is a huge profit. But looking at the hotel and nearby villas, I knew what I really wanted to get - a villa with a pool and not live anymore into an appartment with no view.

I started to think deeply what I should do. Then I decided firmly to get back into Bitcoin, buy with all my savings and hold until I get the money for the house plus the money needed to support the new way of life. I bought a ledger nano S, memorized the key words and used all my savings to buy again 13 bitcoins at prices around $4700, which was much higher than my exit price $2700. One month later the price fell to $3000 and I was a little upset that I didn't wait, but I didn't even think of selling or abandoning my goal. It helped that in early 2017 I forfeited 2 times profits around $2000 because of the crashes, which were my first baptism by fire. As a noob I didn't believe that bitcoin will return to $1000 after a 40% drop. I've waited 2 months after the drop and decided it won't go back there and sold on even. Later, I panic sold but on profit before the supposed fork and rebought with a loss of 0.5BTC after it was cancelled, and then the same story when we reached 14K. These were my last emotional breaches. Yes, I was a bit nerveous when we fell to $3100 in 2018 but my mind was strong and I continued to buy and even sold the last land to get 2 more coins. Now I am happy to have 17BTC and will continue to DCA untill I start to sell according to my plan.

My point is that it doesn't matter how and when you enter. You can profit only if you are strong and stick to your guns! Never, never believe any trader, chart expert, etc. Remember, anything can happen, have a plan and stick to it! Go against your emotions and conquer them with your mind!

From $3850 to $6000 is 55% increase for several hours. This also is histroric! Cheesy

According to https://data.bitcoinity.org/markets/volume/30d?c=e&t=b
in the last 2 days nearly 1 mil bitcoins were traded (mainly sold) at the main exchanges excluding Binance. On Binance the volume was 400K each day, so we can safely assume more than 2 mil. bitcoins were traded. This is a huge amount and the question is how the market will adjust to this enormous inflow of bitcoins. I don't have a subscription to glassnode to see how many new bitcoins were deposited into the exchanges, normally it is between 15K and 40K, with a daily peak 444K in Dec 2018. After a month the chart will be accesible for non paid users, if anyone has a subscription can check and share what was the peak this time.

On one hand it seems logical to take more time to return above 10K and hold it. On the other hand, these bitcoins are now into a very strong and patient investors. These people are not like the new generation of theoretical traders who think it is easy to make profits. Emotions like greed and fear play a main role, and untrained will crack under the pressure. Experienced investors put their bids low and waited for a year in this case to get them filled. So hardly they will be chasing 10-20% or even 100% profits. Now, when the price starts to recover, the burnt traders and the whole world will see that even in utmost panic Bitcoin didn't go to 0 and no matter the fall it recovers really fast. This lesson will make the weak hands stronger, if they have the guts to enter the game again. So IMO not only a new bull run starts right now, but a whole new bull cycle lasting for years. May be this was the real end of the bear market. How far we will go is a question that honestly I can't answer. All charts and short term predictions were shattered. The good thing is that Bitcoin is not dead and doesn't care about these predictions.

Quote from: LFC_Bitcoin on March 15, 2020, 06:41:51 PM

...

What do we think about the potential price direction this week, guys?

Last week Bitcoin surprised us in a bad way. Next week for a change I hope the surprise will be good for the hodlers. What I see now is that the support down to $3000 in the shitty Coinbase has increased to over 12 000BTC. Of course, the main threat remains that people may continue to cash out next weeks especially if they are on unpaid leave. But, there is a very good news regarding that: in EU a sum of 37 bil euro will be distributed to the member countries (sorry UK Wink

) to pay compensations equal to 70% of the salary of each worker, who works for a private company that can't afford to pay the full salary during the lockdown. The news is from the last hours, and my country for example will receive 1.3 bil euro for that purpose. So I hope the panic will fade away and people will take advantage of this really low price now.

Edit. As I am writing a lil pump is underway. The pump started from $5170 and now we are at $~~5640~~5800. Jeez, who would have thought in June 2019, when we reached 13 800 that only 2 months before the halving the price will be this and we will be happy about it... Phew, unbelievable! Shocked

I like this game! Under normal circumstances I would never give such lows as having >1% chance. But we live in a biological world war and the panic has just began. If the crisis resolves soon, we may have a violent upward movement leading closely to the previous ATH. So we have to consider not only the specifics to the Bitcoin market but also the crisis development.

In 1 week (3/23): $3,000 - $7,500
In 1 month (4/16): $1,500 - $10,500
In 3 months (6/16): $750 - $20,000
In 1 year: (3/16/21): $5,000 - $40,000

P.S. $4500. There is the chance mindrust was waiting for. Cheesy

I know what mindrust was feeling and don't blame him for that. I went through the same emotions myself in 2017. Luckily the bad decisions were compensated by the right choices I made. I shared them several times but mindrust did't see the solution to his problems. Ok, let me try for one last time.

1. The fear of the Tether: What can happen if Tether explodes? The worst thing is BFX to be closed. This exchange has become a cancer for Bitcoin in the last 2 years, so its closure would be for the better. Will there be some drop of the price - may be just for a small period of time. Back in 2017 I was surprised that the bank problems with Thether didn't influence badly the price. On the contrary, the price went from 1000 to 3000.

2. Is it possible for the price to go to 0? No, mathematically speaking this can't happen. Look at the orders of Coinbase - under $500 there are 3-4 mil bitcoins on the bid side. If you follow the sites with Bitcoin inflows charts to exchanges, you will see that each day between 10K and 50K normally are deposited into exchange wallets. During crashes like in Dec 2018 and 13 March 2020 there were peaks of 444K and 220K daily inflows, respectively. How on Earth this will fill the bids for 3-4 mil BTC?

3. What if it goes significantly below your main entry price? You have to keep some good reserve and have a plan for that. If your entry was $4K and the price goes lower, just wait up to 3 months. If the price doesn't return to your level, and you want to be cautious, wait for it to find the bottom. If for example BTC stays at $2K, buy at this point, so when the price returns to $4K, you will have some profit. If the price is lower than $1K, hey - this is every late investor dream - to buy at 3 digits! You may have over 50BTC with your reserve!

4. It is better to accept the loss of bitcoins and rebuy at 10-100% higher level than to be sorry one day. I rebought at 70% loss after my stupid sell at $2750. I didn't have a clue that the price will return twice to $3K in Sept 2017 and Dec 2018. But now I think this price range is very unlikely to be reached again, so it is not advisable to wait for such black swan events.

With these fears taking care of, you will feel happy whatever move Bitcoin makes. If it goes higher you will be happy your networth increases in terms of fiat. If it is getting low, you know a way out not by selling but by investing more. For this you need only to believe that Bitcoin will recover sooner or later.

Regarding the selling, this is a whole new topic. For starters, you may just make a plan like JJG suggested some time ago. It can also invole some buying back in case the price falls. I personally prefer to sell at my selling point the planned amount, and if the price falls to buy back my coins and withdraw the fiat profit in my bank. This is in case I don't need the bigger amount for some purchase. Anyway, feel free to explore further this plan.