All posts made by Kazu in Bitcointalk.org's Wall Observer thread
1.
Post 1864500 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.53h):
schrödingers bitcoin
Yes! MOAR CONFUSING!
2.
Post 1864730 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.53h):
Last price: $89.99999
3.
Post 1865804 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.53h):
Lol what the heck? How can the bid be higher than the ask?
4.
Post 1868198 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.53h):
The entire day the bid has been showing to be higher than the ask on bitcoinity. Is it a bug?
5.
Post 1874898 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.53h):
A small wall just before $98 just disappeared. In both directions, the market depth is basically meaningless.
6.
Post 1879328 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.53h):
Could be possible, maybe the Winkel Bro's see stability more of a long term financial gain, than daily 10-20% swings and obvious volatility....
Someone clearly is trying to stabilize the price and limit the volatility. Last night someone drops 11k coins (96 down to 87) and puts up 4k ask wall at 88. Clearly trying to push the price down and keep it down. That was all within 20 seconds.
Today we break through the 100 wall, another massive coin dump and more ask walls at 100 to deter the bid wall. That's not someone trying to make money or get the most value for their coins. That's someone trying to manipulate the market and keep it under 100.
You make a good point. That literally makes no sense.
7.
Post 1879847 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.53h):
All those sell walls are coming down...
8.
Post 1880747 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.53h):
"Sir, we have a problem. Our ask walls are falling and Gox isn't lagging"
RUN FOR COVER!
9.
Post 1881055 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.53h):
DEATH TO THE $120 bear!
273.81 BUY @ 119.99
10.
Post 1881075 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.53h):
EDIT: RANDOM HUGE SELL ORDER. Bears are charging, dropped by $5 in like 2 minutes.
11.
Post 1881141 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.53h):
Well that was spooky. It "crashed" by almost 10% for a bit but now seems to have recovered for the most part. Moral of story: Bears fight back at $120
12.
Post 1882218 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.53h):
$119.99 again... Will we bounce to $105 again this time? No sir.
13.
Post 1882259 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.53h):
Guys listen...
WTF!!!
Its up $10 in like 2 minutes???
How the fuck am i supposed to sleep. This is the biggest rally ever. Period.
14.
Post 1882515 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.53h):
Blockchained is well past $2B at this point. More like $2.2B. There's more money around now than before the crash... Whaaa?!
Lol, we got so badly trolled for a week...
15.
Post 1882755 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.53h):
So should i keep my 10btc sell order at 149.99 open? Its not all my coins, but still a chunk.
16.
Post 1882795 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.53h):
So should i keep my 10btc sell order at 149.99 open? Its not all my coins, but still a chunk.
No! You're gonna be able to sell them for 200 by tomorrow
Omg. I guess ill close for now. Im on my goddamn phone cant react fast & trade
-____________-
17.
Post 1894912 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.53h):
The volume is so low - 61k - compared to around 310k yesterday
Don't worry about it, it's the weekend. It always slows down during the weekend.
Compare that to 3 months ago... It's high
Compare anything Bitcoin to 3 months ago and it looks high.
18.
Post 1895977 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.53h):
Seems like a rocky road but so far the trend has generally been up. Started the day at ~120-ish, and now its $124-ish. It'll be nice if we can break the $137 level though. That's key.
19.
Post 1896533 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.53h):
Seeing a fourth green candle makes me think that we are out of the bear trap.
Its gonna take at least 7 to convince me.
20.
Post 1896623 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.53h):
Seeing a fourth green candle makes me think that we are out of the bear trap.
Its gonna take at least 7 to convince me.
nope, 6 green candle "confirmations"!
Fine. But honestly, 4? Thats like electrum.
21.
Post 1896734 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.53h):
Seeing a fourth green candle makes me think that we are out of the bear trap.
Its gonna take at least 7 to convince me.
By that time we are overextended, and a recoil is due. Just like after the 7 consecutive red candles.
Buy
low. Bitcoin is anyway headed to $300k, or zero. What exactly do you gain, by momentum trading?
Don't worry, I already own bitcoins (and a fair amount at that). I fully expect it to go up in the long term, and the risk one takes by not riding the inevitable wave is not worth the reward of getting them a few bucks cheaper. However, I still don't expect straight up from here, as I said before, I need 7 consecutive green candles.
EDIT: LOL the $130 wall is being trolled so hard right now.
22.
Post 1896792 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.53h):
Important numbers (IMO):
$137 (new record since crash)
$150 (Just a big resistance point, both times around)
$177 (Highest point we got to after crash below $200)
$200 (obvious resistance point)
$267 (ATH!)
23.
Post 1896860 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.53h):
$127, guess who?
24.
Post 1896908 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.53h):
Project for somebody with too much time: Live updating website that merges the two threads
25.
Post 1896918 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.53h):
Random ass load of sells?
26.
Post 1896948 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.53h):
Sorry, that 1 minute red candle spooked the shit out of me. I jumped the gun on getting permission to post ridiculous pics. I'll go take my ritalin now...
Red Candles == Strictly Forbidden
27.
Post 1898002 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.53h):
130 again
28.
Post 1899295 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.53h):
It went up, now it's going to go down somewhere between $110 and $120. Won't go anywhere until Monday most likely.
Why?
29.
Post 1899563 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.53h):
http://thepiratebay.se has a bitcoin address listed on their front page now. Nothing too big really, but it's nice to see them accepting.
YAY! The two most money-saving technologies in the world unite!
30.
Post 1900019 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.53h):
And here it comes, the sell off
but it's low volume so far
What is this sell off you speak of? There is huge sells and no price change. More like, playing-chicken-with-wall time.
31.
Post 1900143 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.53h):
Well it did go from $129.x to $127.01in 2 min. I figured it would go back to $120 but again low volume of only 200 didn't move it far.
Probably stay within $125 and $130 for the forseeable future (which is, for bitcoin, like 5 hours lol).
32.
Post 1900354 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.53h):
Apparently the forseeable future was half an hour. It "crashed" down to 121.11. Looks like its bottoming out. Put a small buy order at $120.51. Not sure if it will be executed, its so small I hardly care.
33.
Post 1900362 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.53h):
Apparently the forseeable future was half an hour. It "crashed" down to 121.11. Looks like its bottoming out. Put a small buy order at $120.51. Not sure if it will be executed, its so small I hardly care.
Huge increase in volume and big drop like said in the last 10 mins. But already climbed back to 125 as I type this.
Not sure. I suspect its one of these people that is like "well, this is pretty good price to sell, probably will dip lower anyways, if I put in a momumental sell order split into 1038204820 different trades it will look like a sell off maybe I can get the price to tank while I'm at it."
34.
Post 1900397 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.53h):
Looks like the Grand Canyon down there.
Lol. It does though, doesn't it.
35.
Post 1903117 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.53h):
Very. Large DDOS.
Source? Anyway, this is bullshit, sorry. Some database issues much more likely.
WTF is a database issue and why is it more likely?
36.
Post 1903190 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.53h):
Yea, website loading but no trades being executed nor can I log in.
37.
Post 1903237 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.53h):
Yea, website loading but no trades being executed nor can I log in.
Website not loading for me. o_0
Now down again.
-___________________________________-
38.
Post 1903294 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.53h):
LOL @ Bids going up at bitstamp.
39.
Post 1904621 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.53h):
Minirally going on? Bitstamp $115, Btc-E $109?
So I'm seeing gox falling to ~bitstamps $115.
40.
Post 1904764 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.53h):
Nah this is totally a shoop. CONSPIRACY!!!
I have an idea! Why doesn't Gox publish the destination IPs on twitter, so we can all point LOIC at it? (disclaimer I'm a complete DDoS newb and i'm sure there's some reason that 'firing back' doesn't work.)
(Forum etiquette - quote pruning pro-tip - prune large images in quoted replies by throwing in a height= width= into the [img] tag, make people's scroll fingers happy
)
Because its a
Ddos and thus is distributed so there is not one single IP to point it to?
41.
Post 1904875 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.53h):
Something happening at gox? Moody is outputting random stuff.
42.
Post 1904893 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.53h):
GOX TRADING ENGINE BACK. YEEHAW!
43.
Post 1904956 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.53h):
GOX TRADING ENGINE BACK. YEEHAW!
It is still "502 Bad Gateway" to me...
Clear your cache to see wonderful numbers:
Last price:$124.90000
High:$132.00000
Low:$117.86000
Volume:88053 BTC
Weighted Avg:$125.67729
Last Updated: 6 Minutes Ago
44.
Post 1905001 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.53h):
On the one hand they claim this is a layer7 attack then they show this prolexic report, which is about layer 3-4. If they have an attack vector for an application layer attack why spend the resources for a expensive network layer attack?
It still smells fishy to me.
If nothing else they are shutting down their service when under attack to prevent "lag"
Which is the only responsible thing to do. A ddos attacked market racking up lag isn't a normal market. Thus the only responsible way to fight back is to turn off the market for the time being till the attack passes. At which point allow people to trade normally once again.
If this really is a layer7 attack it might be able to be sustained indefinitely. And what then?
Lol, you people need to stop trolling with Gox going down "indefinitely." This has happened like 20 times before, and its already back up. This is like, completely and utterly boring and normal.
45.
Post 1905022 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.53h):
mtgox 0.02 a few seconds ago ^124.77
46.
Post 1905030 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.53h):
On the one hand they claim this is a layer7 attack then they show this prolexic report, which is about layer 3-4. If they have an attack vector for an application layer attack why spend the resources for a expensive network layer attack?
It still smells fishy to me.
If nothing else they are shutting down their service when under attack to prevent "lag"
Which is the only responsible thing to do. A ddos attacked market racking up lag isn't a normal market. Thus the only responsible way to fight back is to turn off the market for the time being till the attack passes. At which point allow people to trade normally once again.
If this really is a layer7 attack it might be able to be sustained indefinitely. And what then?
Lol, you people need to stop trolling with Gox going down "indefinitely." This has happened like 20 times before, and its already back up. This is like, completely and utterly boring and normal.
That's why it's called back to normal in the bubble autonomy chart.
So 116.52 USD / BTC -> "Back to normal?" So what are we in, some sort of a reverse mojo bubble?
47.
Post 1905067 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.53h):
In the meantime bitcoinity looks cool even if not very helpful, kindly pointing to an ancient bid price
Ancient = 2 minutes ago?
48.
Post 1905160 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.53h):
Down to 3 minute lag. I've seen orders everywhere from $124 to $115 in the last 2 minutes.
49.
Post 1915431 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.54h):
Has any wall lasted for as long as that at 130 now?
I remember last time around the $150 held for ~3+ days.
50.
Post 1916357 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.54h):
Can someone explain why dump 4500K BTC on the market with such slippage. Are there not trading programs that will slice the order up into smaller, random appearing pieces and consume tasty bids from time to time until the whole order is filled? One could do that manually too.
It could be a well-intentioned early adopter trying to cool things down.
Rather than pushing the price down which could trigger panic sell followed by panic buy and random ass shit and lag, it would have been much smarter (and much more profitable) to just put the goddamn order at $129.99 or something and keep the price, you know, stable???
51.
Post 1916366 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.54h):
he barely changed anything, same number of coins needed for 130 as before his dump.
What he changed was he put a few coins into my wallet
52.
Post 1916455 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.54h):
Can someone explain why dump 4500K BTC on the market with such slippage. Are there not trading programs that will slice the order up into smaller, random appearing pieces and consume tasty bids from time to time until the whole order is filled? One could do that manually too.
It could be a well-intentioned early adopter trying to cool things down.
Rather than pushing the price down which could trigger panic sell followed by panic buy and random ass shit and lag, it would have been much smarter (and much more profitable) to just put the goddamn order at $129.99 or something and keep the price, you know, stable???
Actually, a 5k wall would have possibly a more destabilizing effect . . . As you can see a few minutes later, there was virtually no effect.
Yes. Oftentimes, when it's apparent that we're heading up, large walls are eaten up in one single buy. This is usually followed by more panic buying.
What?
Imagine if an equally sized single 5k buy were put in now. It would have just as big of a destabilizing effect, if not much more, than if the 5k wall would have been up. The 5k wall would have added to the current 5k wall to form a 10k wall. If a 10k buy order was put in right now, it would still eat away that wall, and take us flying to $132 in one fell swoop causing another huge panic buy with no wall of any measurable amount until $140. With the 10k wall up, the price would have been much more stable and while the wall still would have been eaten, it wouldn't be such a huge gain in a matter of seconds so the panic buys would be reduced by a ton.
Market orders by definition ALWAYS reduce market stability while limit orders always increase it. Why? Because market = reducing market depth, while limit = increasing market depth. Market depth == good & stable.
53.
Post 1916685 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.54h):
that 130 wall is not getting smaller... 10% up in last 15-20 minutes
No its not. Add the asks cumulatively from current price up to $130. It only looks bigger because people are moving their lower asks up to $130 which then requires a larger $ sum to overcome.
54.
Post 1916809 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.54h):
that 130 wall is not getting smaller... 10% up in last 15-20 minutes
No its not. Add the asks cumulatively from current price up to $130. It only looks bigger because people are moving their lower asks up to $130 which then requires a larger $ sum to overcome.
yes this is the bears retreating
Not necessarily, it does increase the "difficulty" of bypassing $130. A lot of speculators are liable to get "bored" and sell their coins if we stay at this level too long potentially causing a decline in the short term.
55.
Post 1917466 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.54h):
because saying it's not getting any smaller just because in the last 15-20 minutes it's gone up 10% is just pointless. In the last 24hrs it's gone down from around 14k btc to 8k btc. So yes it is getting smaller.
It's pointless to you only because you don't like what was written. If I'd tell you that wall went down 20% in last 15 minutes (it is indeed) you wouldn't mind it at all. And the tone you used would probably made me banned if I'd answer on it on the way I'd like to so keep it for your buddies kid, I don't give a flying one about your positions or your feelings.
So, you think this is bearish? (Just asking, no ill will intended).
56.
Post 1920771 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.54h):
Inb4 $140.
57.
Post 1920829 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.54h):
That panic/trying to induce panic seller that sold 6k yesterday when we hit 129 must be a little stumped right now, lol. Good! (unless of course they wanted that money and planned to leave the market when the price hit 129...)
Or yu know, he could have been smart and somehow moved the money to BTC-E for a big profit. It does seem a bit weird that suddenly there was a huge buy on BTC-E just a few hours later.
58.
Post 1924021 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.54h):
Any idea why Bitcoinity is still showing <140?
139.46 USD / BTC
mtgox 0.01 2 minutes ago 140.67
WTF?
59.
Post 1925119 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.54h):
No significant resistance until $150.
60.
Post 1925171 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.54h):
Situation looks very similar to April 7th from that graph, volume numbers are also similar. Main difference is though that total bid sum (and ask sum too) is way higher.
Yes really quite remarkable. April 7th set us back almost exactly 2 weeks. We won't be truly out of the woods until the ask sum roughly halves.
61.
Post 1925306 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.54h):
Situation looks very similar to April 7th from that graph, volume numbers are also similar. Main difference is though that total bid sum (and ask sum too) is way higher.
Yes really quite remarkable. April 7th set us back almost exactly 2 weeks. We won't be truly out of the woods until the ask sum roughly halves.
My preference (as if I what I fancy has any influence at all
) is that the total ask remained high
so that people don't get the 'out of the woods' feeling resulting in another bonkers spending spree and its inevitable consequence!
I like loads of bitcoins on the order book as a constant reminder that people will sell if the price is right and could easily sell loads - so don't get carried away with the buying!
Well, there's ~25k of that orderbook just to $150.
62.
Post 1931074 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.54h):
WTF happened while I was sleeping. Paypal Recognition? $20 rise? Huge sell wall "missing?" Sub-100k sells, lowest since before the crash? o.0
63.
Post 1932255 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.54h):
Small correction to sub-$165 levels.
64.
Post 1932570 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.54h):
SELL
65.
Post 1932603 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.54h):
C'mon guys, sell it just a bit lower. $145 = me partying
66.
Post 1932667 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.54h):
67.
Post 1932829 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.54h):
Calming down a bit. Where to now?
Hopefully down.
68.
Post 1934345 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.54h):
So for the record, I bought in low, y'all can stop selling now.
69.
Post 1934375 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.54h):
Maybe he's
I hope Satoshi is a girl, and is hot. Then everyone will feel completely beside themselves in utter disbelief.
+1
70.
Post 1934436 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.54h):
Could somebody please give me a wall pic, I can't load BTCCharts because that port is blocked.
71.
Post 1935844 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.54h):
I know you won't, you must feel better braving yourself all the time. Well, it if helps you sleep better who am I to talk about it
You're boring as hell though, I have to give you that
Seems like the price doesn't agree with you.
Not really, I'm all in bitcoins and want same as you. But I do think you're sucker
and if I didn't like my money I'd want it to crash to 3$ just to see you to shut up finally
blah blah blah...flip flop...Bear turns bull when called out.
LOL
"Flip flop" gave me 7%+ bonus Bitcoins today. Don't hate.
72.
Post 1936319 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.54h):
As I suspected, with the dumper gone the price is trending back upwards.
This looks like a fun chart. It looks like the random sellers are out of money
73.
Post 1936336 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.54h):
This looks like a fun chart. It looks like the random sellers are out of money
I think it is better for a good amount of people to sell now than for everyone to wait for $250 - $300 and sell all at once.
They just sold all at once and it didn't even matter.
74.
Post 1936663 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.54h):
unlimited money!
unlimited money!
75.
Post 1937750 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.54h):
unlimited money!
unlimited money!
NO that is unlimited pretty toilet paper.
Recently, someone in a different thread tried to argue that bitcoin was doomed to crash and fiat was better because at least the physical object had intrinsic value as wallpaper.
I should have pointed out that it's more useful as toilet paper... and left him to his own devices.
Casascius should start selling rolls of toilet paper with each sheet a "bitcoin bill" with the private key for one satoshi printed on it... the bears would LOVE that.
This post is one of the best of all time.
76.
Post 1941825 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.54h):
This feels a lot like that day after the weird mini-crash from $147 from the first time up. Huge rally is going on, we break key levels and it starts going insane with huge rally in one day (from $120 to $147 or from $140 to $165) and then people realize "hey this is a bit insane" and sell off down to about where it was the previous day then the price recovers to about half way between the two extremes. Then everybody takes a 1-2 day break and the rally begins again at the very end of the week.
77.
Post 1941878 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.54h):
Not much happening. Care for a recap of recent events in non-vertigo-inducing log scale?
This chart is where its at.
78.
Post 1943535 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.54h):
Personally I'mma wait for $141 to buy any more.
79.
Post 1947002 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.54h):
Looks like we are being trolled again.
80.
Post 1947447 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.54h):
ALL my coins are now safely stored in paper wallets and stored in 3 super-secret locations. My choice of location is so utterly radical nobody will ever find them! Muhahaha.
81.
Post 1948134 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.54h):
also blockchine.info wallets are getting hacked.
this should cause some intense feeling of panic for nubs.
some will make safe paper wallets
some will cash out.
I agree,bitcoin-centeral coins I think are being unloaded at the Gox.It is the only real place that has the market to absorb a lot of coins.
No, a few hundred coins were stolen, not a very big deal at all.
you keep telling yourself that.
lol! what so hard about paying with bitcoin!
http://youtu.be/BqVqIScXlnE?t=2m17sI've never used this app, but what could be so hard, i wonder...
Its the whole iphone thing. They noobed with the app so youve got to use a lame version that doesnt work. On an android its Ez.
82.
Post 1948404 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.54h):
After lots ofwaiting, decided to put a buy order in at $110, thats my lucky number.
83.
Post 1955597 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.54h):
I am content for this week.
Things work better when retracements happen. Noobs stop speculating. It stops looking so bubblish. Fibonacci has a field day. Its all good.
84.
Post 1956037 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.54h):
I am content for this week.
Things work better when retracements happen. Noobs stop speculating. It stops looking so bubblish. Fibonacci has a field day. Its all good.
Umm, hello, noob here, what do you mean with the fibonacci? I am sure it's a very witty comment but I don't understand it. ^^'
Not very witty, I'm sorry to say.
85.
Post 1959774 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.54h):
Slight upward trend. This is usually a bullish signal. My prediction is that the price will rise to 139 quite soon. This is little more than pure speculation, though.
More important than the trendline is the demand curve. Which is marginally bullish, at least in the range you zoomed too.
86.
Post 1967135 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.54h):
Looks like we are into a mini-bull phase up to ~$140, assuming TA works on these very short-term ranges (and it doesn't hold up too well even long term these days cosidering the ridiculously low volume ~.~)
87.
Post 1967343 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.54h):
Looks like we are into a mini-bull phase up to ~$140, assuming TA works on these very short-term ranges (and it doesn't hold up too well even long term these days cosidering the ridiculously low volume ~.~)
You're right about the 'ridiculously low volume' today:
OK, Does anybody want to take a walk down the volume stairs of the last few days
?
To give this a context, today's has more than half a day to go but even if it stayed where it is it is still an equivalent dollar volume to an average day in January (the top step, the 24th April having been the fourth highest day trading ever).
But surely if volume is what it takes to make TA 'work' it makes as much sense to use it today as it did to use prior to the first week of February when these kinds of volumes were the norm. I don't remember hearing TA advocates not bothering to use their tools until the overall volume rose. Just sayin...
I wasn't even here in february, so I wouldn't know.
88.
Post 1967351 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.54h):
Not sure if this is significant, but we broke $130 just now in BTC-E, people in the troll box are dancing and all that.
89.
Post 1968246 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.54h):
I'm getting bored of $136.
90.
Post 1976323 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.54h):
Welp, it looks like we'll be needing a new thread again. Curse of the biebcoin strikes again?
91.
Post 1978231 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.54h):
If we hit $150 that will be huge. I doubt it though.
92.
Post 1979712 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.54h):
Bulls, could you kindly shut up please? Each time you say rally is starting it goes back for dollar or two
Its been at almost exactly the same price for the last like 2 hours.
93.
Post 1982457 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.54h):
Bank holiday == no bank wires right?
94.
Post 2009869 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.55h):
Well I am glad I was too busy to be online today. I probably would have wasted an entire day spam refreshing the Mtgox page.
95.
Post 2010901 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.55h):
Well whats fun about this nonsense is that I'm getting BTC-E money now. Its like $10 above gox. Not only do I get arbitrage monies, but I also get $$ in BTC-E which is worth more than $$$ in gox.
96.
Post 2011424 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.55h):
I love the "weirdness" link.
97.
Post 2012027 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.55h):
I think bitcoin does not have much future until people in masse abandon mtgox.
Basically this. Literally every downtrend in the history of everything has either been caused, or accentuated, by mtgox noobing.
98.
Post 2020849 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.55h):
I predict another weekend, like that one a couple of weeks ago, hovering $95-$100. It will go up to $100 briefly everybody will think its rallying then it will go down to $95 and everybody will fall asleep.
99.
Post 2032916 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.56h):
bearish wedge coming to a close right now. midnight dump?
4-hour scale:
-===-
Dude, thats not how wedges work -.-
No steady downtrend of volume and the slope of the center of the opening to the point is basically a trend line.
Honestly, at this point people are just drawing lines in places.
100.
Post 2036707 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.56h):
101.
Post 2037450 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.56h):
The forex-broker plus500 has now opened for bitcoin trading. 4:1 leverage, someone is going to get very rich or poor...
Even though they also allow shorting, I think this is great for the price, as they accept credit card deposits and is a very easy way for a lot of people to get into bitcoins.
Its got UK offices/oversight, but from what i can make out, it doesn't allow deposit or withdrawal of BTC, just fiat.
If you can't deposit or withdraw BTC, how do you know you are trading BTC?
If this is UK based, it could be good for me. I'll have to look into it.
You aren't trading BTC. You are trading a pieces of paper that say that the brokerage will pay you the price of some amount of btc X days in the future.
102.
Post 2037727 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.56h):
The forex-broker plus500 has now opened for bitcoin trading. 4:1 leverage, someone is going to get very rich or poor...
Even though they also allow shorting, I think this is great for the price, as they accept credit card deposits and is a very easy way for a lot of people to get into bitcoins.
Its got UK offices/oversight, but from what i can make out, it doesn't allow deposit or withdrawal of BTC, just fiat.
If you can't deposit or withdraw BTC, how do you know you are trading BTC?
If this is UK based, it could be good for me. I'll have to look into it.
You wouldn't be trading BTC. You just place a bet on the price going up or down.
So, say 100 people each put 1000GBP in, buy bitcoins, price quadruples then they cash out, where does the GBP from? Exchanges need to be open at both ends and the exchange just takes a cut from transactions otherwise you have currency supply issues. Which could have a detrimental effect on the price, as can be seen on some of the exchanges where it is hard to get USD in.
The GBP comes from the same place the GBP in your local bank or brokerage comes from: debt. Its completely up to the "exchange" to decide where they get the money to pay off that debt.
This isn't an exchange, this is a brokerage. You aren't trading actual BTC, you are trading a derivative, i.e, debt.
103.
Post 2043937 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.56h):
Wall at $120 growing.
Lol thats the best gif.
104.
Post 2043974 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.56h):
Y'all are being trolled
105.
Post 2043982 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.56h):
Wall at $120 growing.
Lol thats the best gif.
I wouldn't have done the three point turn. Right on up over the curb for me, gentle, don't want to blow my tires, but damn no way I'm bothering with a three pointer, AHHA.
I like the way for the first like 10 seconds he's just sitting there like 'WTF' and then he finally realizes that its probably time to go.
106.
Post 2051792 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.56h):
"That's not what "regulate" means. It means when exchanges get legal protections, and scammers can be prosecuted. CFTC watches over exchanges of commodities, and makes sure people aren't running ponzi schemes etc. This sort of thing is important for BTC to make it onto mainstream forex markets."
So the news is bullish? Anyone has any opinions?
... "Regulate" means "Instead of people that actually use the service don't deciding whats a scam and what isn't, we will." How that could ever be interpreted as bullish for anything ever is beyond me.
107.
Post 2052465 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.56h):
Since Friday I've literally allocated a bunch of Bitcoins to the following (super dumb sounding) strategy. Whenever the price drops below a round number (within reason, it has to have been above that number for a "while" and a wall of some reasonable previously must have existed there), I sell immediately. Then, I buy the coins back for $5 cheaper (one time I bailed and bought too early, but it turns out I could have waited anyway). Ridiculously enough this strategy has worked like a charm and not once failed, though one time I was waiting for a while. Lets see how long this keeps up.
108.
Post 2064942 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.57h):
I've seen this too. This is like, the legit wedge. All the others are just wanabes.
109.
Post 2065048 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.57h):
I've seen this too. This is like, the legit wedge. All the others are just wanabes.
FWIW
| date | red line | green line |
| 5/8/2013 | 116.97 | 92.79 |
| 5/9/2013 | 113.63 | 94.93 |
| 5/10/2013 | 110.38 | 97.13 |
| 5/11/2013 | 107.22 | 99.38 |
| 5/12/2013 | 104.16 | 101.69 |
| 5/13/2013 | 101.18 | 104.04 |
So the intersection happens just as bank wires arrive at Gox for next Monday? Seems legit.
110.
Post 2145554 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.58h):
Is there any easy way of importing the BTC/USD price into Metatrader as a currency pair?
111.
Post 2151874 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.58h):
It looks like were safely into "then they fight you" territory right now.
112.
Post 2151931 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.58h):
Isn't there any American citizen, lawyer, judge, or public employee or whatever with access to law requirement databases or similar that can provide some info on the reasons of MtGox seizure?
That should be documented somewhere?
on a second thought.. if someone has that info he would probably use it in his own benefit to buy or sell on a good price.
The law in america is some kind of joke. Essentially you can just randomly sue people and keep them locked up in court for eternity as long as the government likes you (i.e, keeps on accepting your appeals).
113.
Post 2156238 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.58h):
I'm not guaranteeing anything, but falling below $100 for any nontrivial period of time would be bloody weird and I believe it won't happen unless something much, much more substantial happened (like Gox actually being shut down permanently).
114.
Post 2156393 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.58h):
115.
Post 2156931 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.58h):
This chart is the definition of trolling (the lower one).
116.
Post 2157080 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.58h):
If/when the USG tries to shut down BTC related .coms... Just .onion/.bit?
117.
Post 2157155 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.58h):
If/when the USG tries to shut down BTC related .coms... Just .onion/.bit?
*buys namecoins
namecoins are the only remotely viable altcoin. I have 10.
118.
Post 2157248 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.58h):
let us just hope btc never forks or breaks again!
I'm not sure what you're trying to get at. Its not like Ltc somehow can never fork either. Second Best -> Worthless.
And the hits just keep on coming.
In the warrant, a special agent with Homeland Security Investigations (HSI), states that there's probable cause to believe Mt. Gox is engaging in "money transmitting" without a license, a crime punishable by a fine or up to five years in prison. The warrant goes on to demand that Dwolla hand over the keys to account number 812-649-1010, which is owned by Mt. Gox subsidiary Mutum Sigillum LLC.
And this is the real killer:
Homeland Security used a confidential informant, based in Maryland, to conduct the investigation. The informant simply created accounts with Dwolla and Mt. Gox, bought bitcoins, and then changed them back into dollars. Tracing that money, HSI was able to see that the money passed through a Wells Fargo account, number 7657841313, which was created by a single authorized singer: Mark Karpeles, the president and CEO of Mt. Gox. The account shows transfers to Dwolla going back to at least December 2011, according to the warrant.
See ya at the bottom!
http://arstechnica.com/tech-policy/2013/05/feds-reveal-the-search-warrant-that-seized-mt-gox-account/ What is this I don't even...
119.
Post 2157372 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.58h):
ask: 114.82001
bid: 114.82000
Nice spread you got there.
120.
Post 2184625 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_10.59h):
Looks to me like a triangle forming with $124 as the close.
Time of convergence?
121.
Post 2246412 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.00h):
Something weird here:
Look at that chart. Both the bid and ask amounts are declining. But then you notice that a "tick" down for bids is drawn in such a way that it is much more than a "tick" down for the asks. Yet, the price is going up. The only logical conclusion that can be drawn from this is that people are slowly realizing that being in the Gox orderbook (which is public knowledge and reported as market depth) is an inherent disadvantage, and thus while the bid and ask sums are declining the trades are still being executed through market orders or very-close-to-market-orders.
122.
Post 2246476 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.00h):
Something weird here:
Look at that chart. Both the bid and ask amounts are declining. But then you notice that a "tick" down for bids is drawn in such a way that it is much more than a "tick" down for the asks. Yet, the price is going up. The only logical conclusion that can be drawn from this is that people are slowly realizing that being in the Gox orderbook (which is public knowledge and reported as market depth) is an inherent disadvantage, and thus while the bid and ask sums are declining the trades are still being executed through market orders or very-close-to-market-orders.
IMO that only means that both fiat and coins are saying "bye bye" to MtGox, slowly but steadily.
That only partially explains this. The issue is that dollar volume is still roughly in the same range it always was.
123.
Post 2246503 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.00h):
The issue is that they are printing a ton of money and the value in the money dropped 7%. Now, notice that it has gone up a sizable amount previously this year, but still.
When you take into account that there is not-yet-fully-realized inflation in the money supply, that loss ends up looking a lot bigger.
124.
Post 2246777 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.00h):
Inflation would be priced in, since the Nikkei is denominated in yen. It would just make the index go higher. Also, a 7% drop in the entire index is huge. That means many stocks fell much further.
Exactly. If there is, say, 4% inflation, then the 7% drop is actually a 11% drop in actual value. (Clearly there wasn't 4% inflation today, I was just using it to illustrate a point).
125.
Post 2269198 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.00h):
I think of Bitcoin as a sort of future. The pricing will always be ahead of actual adoption rates, because if people expect there to be more adoption in a month from now, people will expect the price to be higher a month from now, so they will buy bitcoins now to profit a month from now, driving the price up now.
126.
Post 2269396 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.00h):
Here's a bottleneck for you "singularity" guys that ultimately limits the height of parabolic rises: Infrastructure. Remember when MtGox had an order queue of up to 75 minutes filled with market sells? Think this can't happen again in some other variation? Think again.
Infrastructure? What makes you think that MtGox past troubles in coping with demand will having anything to do with the patterns of future adoption?
This was when Bitcoin had a central point that could be swamped like that. We are already seeing that change, we are already seeing the infratstructure rise, and it will only start coming faster. New exchanges popping up, many only in beta, and of course OpenTransactions stands to change the whole game. Infrastructure will rise to meet the demand much faster than you think because there is
so much profit potential.
You underestimate the power(and speed) of hype, greed, competition,
and logical thinking when applied to a digital free market with sound foundations.
Rome wasn't built in a day because they had to lug around rocks.
Actually, the link is even stronger. Competition -> Race to improve -> Increased infrastructure. Just look what the intense competition between miners has lead to: The biggest computational network in the world created, biggest by a fair margin. Bitcoin naturally incentivises competition, due to its fast transfer times (making switching between competitors easy) and its open-source nature (meaning one competitor can't monopolize some part of the client in some way). Now with miners the competition is induced in the protocol itself. I don't think the competition between exchangers will ever become as intense as that, so the exchanges will naturally lag behind a bit. However, it still is only a matter of time before Bitcoin exchanges obtain the type of infrastructure that the miners already have obtained. As such I don't think there is much need to worry.
127.
Post 2276048 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.00h):
I had money in LR
Fortunately I had exchanged the vast majority of my funds to Bitcoin. There was probably like 50-100 bucks hanging around in there, though.
128.
Post 2276202 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.00h):
Little present/upgrade for ChartBuddy, because he just keeps doing his job, never complaining...
.png format, no background, personalized, 400 x 200 pixels
Better send him a personal message, his chart posting is automated. You're post might get lost in the flood of speculation.
129.
Post 2276816 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.00h):
Based on Tony Coleby's chart, this is what I predict for the coming weeks:
(I drew the green, red and gray lines at the end)
I agree, but you seem to forget that we always overshoot. It will probably hit like $200, crash down to about $150, and then slowly converge. In other words, I like the shape of your graph, I just think the zig-zags are smaller than they will actually be.
130.
Post 2297283 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.00h):
The issue is that the US government quickly dismantles any business that allows such a thing. Literally every single US based service ever that has enabled irreversible fast payments has been shut down. I'm not joking.
131.
Post 2313907 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.01h):
Can we get an equation that shows the relationship between the amount of bitcoin volatility and the number of posts between ChartBuddy appearances? Discussion-Between-ChartBuddy-Posting-Interval Index? No wonder volume is so low; there's nothing to trade on short term if you're looking at >1% gains on successful trades.
I want to long the Discussion-Between-ChartBuddy-Posting-Interval Index!
132.
Post 2332645 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.01h):
News flash, bitcoin is far more like a commodity than a currency right now, at least in the grand scheme of things.
Calling Bitcoin now a currency is like calling Gold a currency in 2002 when E-Gold operated. It can be a currency, if somebody wants it to, but financially it will function like a commodity.
133.
Post 2630707 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.07h):
Lol I hope they are trolling
134.
Post 2630765 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.07h):
Someone wanna explain the implications?
Idk, I guess they trying to allow people to buy a share of their bitcoins?
The good news: Its essentially allowing bitcoins to be traded on the NYSE (or wherever they list the shares of their trust).
The bad news: The winklevoss twins are effectively selling 200k bitcoins, albeit to an audience that doesn't contribute to the market depth on normal bitcoin exchanges.
Whether or not Winklevoss dudes want to buy Bitcoins with the proceeds, it WILL effectively allow bitcoins to be traded as people can simply arbitrage between the value of the shares and the value of actual bitcoins. If the price differs too much somebody is getting screwed.
135.
Post 2630844 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.07h):
They could also be setting a semi-fixed rate of exchange for bitcoins. Until they get enough volatility.
You're noobing so bad right now, at the very best its about as fixed of an exchange rate as any of the other 'fancy' etf/etns. Just look at things like the viix, changes multiple % every day even in a 'normal' market.
136.
Post 2633136 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.08h):
Even if the camp BX story is false i figured I may as well put in a buy 100 bitcoin bid at 10 cents at all the exchanges I have money in just to be safe, lol.
137.
Post 2633244 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.08h):
Even if the camp BX story is false i figured I may as well put in a buy 100 bitcoin bid at 10 cents at all the exchanges I have money in just to be safe, lol.
At least make it 2 bucks, No sense in being greedy, you'd be kicking yourself if they missed you by, say, 50 cents.
Only have 10 bucks in camp bx though
138.
Post 2635786 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.08h):
The VV twins ETF can only be positive for the price of bitcoins. One - the publicity, and two - the spread of the shares to new users.
The ETF does not represent money supply increase, since the ETF shares are fully backed.
If the twins sell all the shares, keeping none to themselves, they have dollars to buy another 100K coins.
The Winklevoss twins claim to insulate investors from the credit risk. bullshit! How are they doing that exactly? If MtGox is shut down or goes bankrupt, the price of BTC will plummet by 80%, and so will the corresponding ETF shares idiot investors are holding.
Investors are better off buying BTC from the exchange and putting on a thumb drive in their safe - and save themselves the 2-5% maintenance fee.
In my opinion, the Winklevoss brothers are launching this now because they see the price of BTC going down, know they can't get out of their position without crashing the market, and so are selling "shares" on BTC in hopes of getting enough money out before it crashes.
You are missing a huge point. There are trillions of dollars in the retail market that can NOT be used to buy bitcoins directly. As it stands now you can NOT use your 401k or IRA funds to buy bitcoins. Pension funds can NOT use their funds to buy bitcoins. An ETF will add much more then the current ~$20 million of market depth to back up the price. The ETF will set the price.
Well, let's be clear, no fund manager is going to offer BTC ETF on a 401K portfolio list. If someone has a self-managed IRA where they can invest in anything, they would need to have a huge risk appetite to invest in BTC. If they did discover it somehow and did research, why wouldn't they buy direct and avoid taxation on earnings?
Because IRAs aren't taxed until you withdraw from them and a huge number of people just have their IRA as savings, and nothing else, because, who knew, the rest got taxxed away. ~.~
139.
Post 2636591 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.08h):
Can somebody quickly explain how with an ETF the winkles can do something in terms of manipulation that an exchanger like gox can't?
140.
Post 2637754 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.08h):
And the two walls are facing off...
Your pick?
Below 100 is cheap coins
Ahhh, I remember you. You are the guy who said "Also holding. I have my buy order in at 87. Every little helps bit helps with a down market." eheheheheh (Evil laugh)...
Am I missing something? Because somebody who bought at $87 technically is in the green right now by a bit, so.
141.
Post 2638162 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.08h):
I'm building a sell wall at $98.
I predict a bounce off $100 or close to it, if it breaks $100 I'll take my losses and buy back in.
142.
Post 2640447 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.08h):
How does that push up (or down) the price? It was obviously a failed (at no loss) attempt to freak people out, then return the wall once the asks fill in.
143.
Post 2640539 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.08h):
How does that push up (or down) the price? It was obviously a failed (at no loss) attempt to freak people out, then return the wall once the asks fill in.
Ok, say I put a 2k wall at $89.
If you want to buy, you are most likely to put your bids before me, so >$89.
Before long, there's a bunch of little orders going up to say $91.
Now I move my wall to $90. Again, you are most likely to put your bids before me.
Doing this repeatedly, you can prop up the price of a few dollar and sell higher.
Once you are out, just remove your wall.
There's also this:
https://bitcointalk.org/index.php?topic=60501.msg736626#msg736626Except they didn't put their wall in much higher.
Plus, if you want to sell putting up a buy wall seems like seriously outthinking yourself.
IMO its simple, some guy wants to buy, he puts wall up, damn, nobodys selling at that price, removes it, hopes that price falls, it doesn't, oh well no harm done, up goes the wall.
144.
Post 2654291 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.08h):
Was more fun when the price was falling.
145.
Post 2655607 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.08h):
In a sense we need a killer app of some type. This could be the start at least in another country. We only need things to start taking off in one location and then the organic nature of BTC (, developers and the VC's) can take over.
My concern though, with something like this is the volatility of BTC. That is not a problem if you are using Bitpay or the like, but for BTC to work in these countries I would think there needs to
be some form of stability, UNLESS the inflation rate there is more risky than BTC (e.g. - Argentina).
Can you imagine if this "app" takes off AFTER we correct and people in poor nations are locked into something deflationary and rising quite steadily in price?
I think volatility is indeed a big concern in developing countries, especially for the poor classes, plus the fact that they are in general probably less ingrained in the digital world.
On the other hand, bypassing big infrastructure needs and probably less concern about financial regulations could make bitcoin very successful there.
It would not be nice if millions of 3rd world people couldn't afford to buy enough food to survive because Jaroslaw decided to dump his 100k's of coins on the market.
lol
146.
Post 2656115 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.08h):
I still think that we are going to have to go down to $57 again before an actual bull market can resume, so I'm not buying into this mini-rally. I don't think I'm going to sell into it either though, just in case I'm wrong.
147.
Post 2656133 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.08h):
Omg not more triangles
In any case the volume isn't supporting the idea of the wedge, at least not know. I expect the end of that triangle to be rather meaningless considering the lower volume.
148.
Post 2656510 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.08h):
Bitstamp still isn't breaking $80, bearish sign.
149.
Post 2656827 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.08h):
Bitstamp is slowly trending downward while Mt. Gox is staying the same, its only a matter of time until Mt. Gox follows downward.
150.
Post 2657865 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.08h):
Bitstamp caught back up to Goxxian price, predicting very small bounce up $2 to $80 then bouncing down off of $80 down again.
151.
Post 2658296 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.08h):
My theory.
Why 31? 57-ish seems much more likely as that is where the crash bounced off of.
152.
Post 2662129 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.08h):
Next stop: Mid to high 50s.
153.
Post 2663096 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.08h):
Quickly wiring in some money so I can buy at the bottom.
154.
Post 2664578 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.09h):
Okay so the daily schedule as of now is (1) fall ~$15, (2) go back up ~$5 to the nearest round $10 point, (3) wait for the next crash?
155.
Post 2668460 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.09h):
I can't believe a small sell wall at 70.00 is holding this upward trend at bay
Thats because everybody is freaking the fuck out and not buying...
156.
Post 2668561 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.09h):
I can't believe a small sell wall at 70.00 is holding this upward trend at bay
Thats because everybody is freaking the fuck out and not buying...
Not true.
Daddy Loozik bought his coins at $66.666 yesterday. Then he visited his girlfriend and fucked her. He was NOT freaking to fuck out neither to buy nor to fuck
Could you please tell me what the hell is diverging, and why does that indicate tend reversal?
Moreover we are below the trend shown by your blue line, indicating a downward breakout, from a downward trend. Yea, thats pretty bad.
157.
Post 2668582 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.09h):
I can't believe a small sell wall at 70.00 is holding this upward trend at bay
Thats because everybody is freaking the fuck out and not buying...
I bought.........a small amount
At $70? What the heck?
158.
Post 2668733 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.09h):
I can't believe a small sell wall at 70.00 is holding this upward trend at bay
Thats because everybody is freaking the fuck out and not buying...
Not true.
Daddy Loozik bought his coins at $66.666 yesterday. Then he visited his girlfriend and fucked her. He was NOT freaking the fuck out neither to buy nor to fuck
I think also that it's likely to bounce ("dead cat bounce"
) on oversold market.
But from 60's, or 50's ...?I still think rather around $ 55.
Apparently in the mid-50s (that awkward green arrow is to indicate where the reversal happens on the timeline since the stupid chart cut it off, how do you use that thing???)
159.
Post 2669023 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.09h):
Kazu, your lines do not show divergence.
I'm not looking to show divergence. I showed that we were in another down-swing indicatig that it is going to reach about ~$55.68. His chart (for whatever reason, I still don't really know how) indicated a bigger rebound off of that down-swing.
160.
Post 2669315 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.09h):
Why is there all this selling going on in Bitstamp, its a lower price than gox anyway, its killing me.
161.
Post 2674503 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.09h):
It's crazy Sunday
I wonder what will happen next...
Maybe what both those overbought indicators indicate.
162.
Post 2674632 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.09h):
It's crazy Sunday
[/img]
I wonder what will happen next...
Maybe what both those overbought indicators indicate.
yes the market has been very overbought, now is "oversold in short time".
It will be interesting as the demand increases and if the wall will move higher. ..
So um, its supposed to be double bottom?
163.
Post 2674752 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.09h):
So apparently walls don't crumble any more, they pick right up and move.
Awesome
164.
Post 2675274 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.09h):
But Dead Cat Bounce in 2011 was very large (much bulls believed that they were already at the bottom).
To be fair, we sort of did bounce from $57 to $166, if that can be considered the 'dead cat bounce.'
165.
Post 2675309 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.09h):
But Dead Cat Bounce in 2011 was very large (much bulls believed that they were already at the bottom). To be fair, we sort of did bounce from $57 to $166, if that can be considered the 'dead cat bounce.'
Think thats more like the 10 to 20 bounce, but of course this bubble isn't an exact replica of the last one.
Oh, ok.
I still think that $57 will be the bottom though.
166.
Post 2675853 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.09h):
GOX!
YES! THIS MAKES SO MUCH SENSE!
167.
Post 2675960 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.09h):
But Dead Cat Bounce in 2011 was very large (much bulls believed that they were already at the bottom). To be fair, we sort of did bounce from $57 to $166, if that can be considered the 'dead cat bounce.'
Think thats more like the 10 to 20 bounce, but of course
this bubble isn't an exact replica of the last one.
Oh, ok.
I still think that $57 will be the bottom though.
indeed
to me, this crash is more like a bigger version of the priate40 crash at 16 down to 7
it was very violent a drop, and it went and touched bottom with the first knife
the huge bull trap
the slow slide down
the rebound above the low of the init. crash
now if we only wait a few months, if the pattern hold we be up 1,000%
Haha
Believe it or not I was way more freaked out by that whole fork / tons of orphan block problem a while back than I am right now. Right now its just the free market being a free market and speculators being speculators. Back then we actually had a threat to bitcoin itself.
168.
Post 2675994 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.09h):
Wait at 1:25 does he say that a bitcoin is worth $80,000 or am I hearing something wrong?
169.
Post 2676079 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.09h):
Wait at 1:25 does he say that a bitcoin is worth $80,000 or am I hearing something wrong?
Now that you mention it, it sounds that way
.
Damn, I wish I was around in the studio at that time, would have gladly sold him a bitcoin or two
.
Lol, I still don't know why they say they have to 'trust hackers', why not just actually go and read the sourcecode if you actually think that nobody would have pointed something like that out by now its open source for goodness sakes.
Also what the heck is it with the term 'hacker' anyway, its like they want to tag him as evil for no reason whatsoever.
170.
Post 2676087 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.09h):
Not worried at all during the fork, I bought a lot in fact.
Yeah, I fucked up during the fork, thought it would prematurely pop the bubble. Got really bullish when that didn't happen though.
I fucked up big time in the fork. I sold all my coins, and I had bought them all at $15 so I had a ton. Next chance I had to buy was at $90-ish then $110.
So then I decided I wouldnt sell coins any more.
171.
Post 2677598 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.09h):
let me throw this out there: We are going to bounce off of $80 HARD.
172.
Post 2678136 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.09h):
Is there any actual importance involved with the crossing of the bid/ask sum lines in blockchained, or is it entirely arbitrary.
173.
Post 2678849 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.09h):
Found a new bullish chart pattern, a bounce is pretty clear as of now:
174.
Post 2679484 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.09h):
Wow this weed from silk road really does work!
175.
Post 2682958 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.09h):
Can people please realize that the more/faster people accept bitcoin, the more volatile the price gets as each new acceptance triggers more people buying to spend, and more merchants selling a bit afterward, as well as increased media coverage == more speculators? This means that until Bitcoin's growth is by definition limited by the largest exchange's market depth (in terms of USD, not Bitcoin). Which, in my humble opinion, is actually a good thing, because when bitcoin starts growing way faster than the exchanges you get goxxian fails like we saw just as the bubble popped.
Acceptance will come with increased market depth. Which is happening over the long term even if it is a bit shaky:
But in the short term, it really isn't. Until we get back the steady market depth growth rates we were having in early march then we sort of aren't getting what we really need.
176.
Post 2683691 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.09h):
Awkward:
Short-term (i.e, daily) Trend: Slightly Bullish
Mid-Term Trend (i.e, monthly): Very bearish
Long-Term Trend (i.e, Yearly): Very Bullish
177.
Post 2691362 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.09h):
Ask wall pulled up we go
178.
Post 2691372 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.09h):
NVM tons of sell market orders lol.
179.
Post 2692204 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.09h):
This is the most funny thing I've seen in ages. Somebody should try to draw a picture with the "ghost bid lines" on bitcoinity.
180.
Post 2692297 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.09h):
Gee, I just realized how crazy this is going to be when/if the ETF launches. If this can be manipulated this easily, you should see how the wall st. guys push around gigantic market cap stocks within like 20 milliseconds just before another wall st. guy announces a downgrade. Bitcoin will get blown to bits the moment those guys even start to take it seriously.
181.
Post 2692703 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.09h):
Gee, I just realized how crazy this is going to be when/if the ETF launches. If this can be manipulated this easily, you should see how the wall st. guys push around gigantic market cap stocks within like 20 milliseconds just before another wall st. guy announces a downgrade. Bitcoin will get blown to bits the moment those guys even start to take it seriously.
who says wall st guys aren't pushing bitcoin around right now?
They could be, but they clearly aren't taking it very seriously. This is the first case of blatant price manipulation i've seen. Yea, people speculated on manipulation during the bubble, but there wasn't anything this obvious. Now look what wall st. did to bonds during (NOT after, DURING, as in, at the start of) bernanke's first speech. Bonds are orders of magnitude larger in market cap than Bitcoin, they can't even be compared. Yet, they pushed it around like this guy is doing to Bitcoin right now. Even if they took Bitcoin a fraction as seriously, Bitcoin would literally be blown to bits. Three guys, each with $1M, and fast computers, playing around together. Thats chump change for wall st, but would completely screw over Goxxian prices to the point where nobody is even sure what the heck is even going on.
182.
Post 2692726 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.09h):
Lol it glitched our charts.
183.
Post 2692792 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.09h):
Three guys, each with $1M, and fast computers, playing around together. Thats chump change for wall st, but would completely screw over Goxxian prices to the point where nobody is even sure what the heck is even going on.
No high speed trading until gox is on top. Gox would lag for hours.
The funny part is, that would actually probably help. At least they couldn't go like they do on the NYSE/Forex markets and jump over my bots pricecheck intervals.
184.
Post 2692820 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.09h):
This whole manipulation thing would be much less aggravating if I knew what is the purpose.
Idk, I think its some sort of complicated spreadtrading strategy? Not sure. I don't think they are trying to make it move up or down a long ways, I think they are just trying to make it bounce between the top wall and bottom wall while selling on the top and buying at the bottom. Theres 117 BTC in the way of them completing their strategy, though, not sure if that 117 BTC belong to them (its very nicely sloped so I think its serving to eat up the small bids to add to the sell wall) or if that 117 BTC are just random people trying to outbid them.
185.
Post 2692941 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.09h):
I'm pretty sure at least part of that slope up to $77 is owned by the wall guy. Watch, the moment a order completes on that slope, they quickly move a second order and add it to the wall. I have no idea why they'd want to do that, but it sure seems to me like that's whats going on.
EDIT: And now its gone, was fun everybody.
186.
Post 2693016 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.09h):
5k buy wall for few seconds a minute ago.
at 77.5
It was live for exactly 67 seconds.
is there a site that shows a history of previous walls?
i didn't recognize that one on bitcoinity, but it's on my second monitor so perhaps i missed it.
No... i have my own logs.
it would be interesting to have charts that display the current wall situation at every time.
market behaviour and patterns/strategies of manipulation could be analyzed very good in that way.
as i'm not too gifted at maths (lasts for some basic trading
) i have no clue how one could illustrate such charts though.
Not to be a douchebag, but isn't that what chartbuddy is doing already?
Note: It looks as if its going to fall to ~$72.5.
187.
Post 2701112 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.09h):
My opinion: Remove any sell orders you currently have. Don't place any new buy orders, until more becomes clear.
188.
Post 2702696 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.09h):
One-hundredth of the way to over 9000. Unless you go in cents.
189.
Post 2702722 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.09h):
Well, to be fair, the slide was wayyyy too fast. We should be still around $100-ish if you ask me, because we're likely to continue sliding for several more months and there has to be room to fall. Moreover, this might be the bottom. Why? Because I put all my buy orders in at $60, and this bottomed out just high enough to screw me over.
190.
Post 2703200 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.10h):
Price is falling. Thinking of moving my bids up from $60 to $80.
191.
Post 2703233 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.10h):
?
192.
Post 2703391 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.10h):
Price is falling. Thinking of moving my bids up from $60 to $80.
Probably wise unless you are prepared to wait out the next peak/trough which may still not get near $60. IMHO even $65 is unlikely again.
One strategy is to ladder orders, say $73 to $82 with 1/10th size at each $1 increment. If the lowest ones don't get hit then repeat the process at the next retrace down.
Well I already own some, so I'm not going to be like 'waaaaah, I missed an entire bubble.' So I'm not too rushed. However I've got a crapload of fiat sitting on Gox from selling during the second-crash (after the bounce after hitting $57) and withdrawing it costs an assload due to humongous wire fees, so eventually I'm going to need to buy Bitcoins with it. The real question is when. Which at the moment really isnt a question one can answer without significant BS, so I think i'm going to sit on my hands until I see if any new bitcoin businesses are actually forming after the bubble, or if we are just sitting on the floating businesses that were forming during the bubble but were just a bit late.
193.
Post 2711297 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.10h):
Seems to be an ever-so-slight bullish slant to the supply/demand curve, suprisingly, even if you extend your range over the $100 mark.
194.
Post 2712582 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.10h):
I do love the atmosphere in a bull market much more than I do the bear
we're just so much more agreeable to each other
I know, seriously. Plus we get to laugh at the bountiful supply of haters.
They will still act like they were "right" until a new ath happens though, so I hope to get the best laugh in like january or sometime. As lomg as its before i graduate i'll be happy. I have a serious gloating deficeit.
195.
Post 2719145 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.10h):
Uh why are we sub 90 again? I walked away for about 24 hours now I see high 104 and we are at 90. WTF?
196.
Post 2719182 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.10h):
Uh why are we sub 90 again? I walked away for about 24 hours now I see high 104 and we are at 90. WTF?
How dare you to walk away from bitcoin?
I'm sort of on vacation...
197.
Post 2729694 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.10h):
I like my support/resistance lines on the body of the candles, not wicks. We are sitting below 2 resistance lines if that is the case. Interesting to think we might have broken out of a descending triangle, but down and now come back up to meet it. Updated - And look at the negative volume divergences (2) with an up price. That had been a good reversal indicator, but not lately. Also, topping out on RSI.
That's an interesting chart. $100 is definitely a key battle ground and it has psychological meaning.
The last bear run broke $100 after the first two tests (May and June) held. Previous support levels often become new levels of resistance.
Compound with the highs getting gradually lower (about 155, 135, 115), with this final high barely breaking $100 and it paints an interesting picture.
Unless something big happens in the coming week to vault us cleanly over $100, I suspect breaching $100 again for any extended period will be unlikely for quite some time.
I like that stochastic.
198.
Post 2736502 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.10h):
I'm still waiting on 100. Every time we hit it we bounce right off.
199.
Post 2736848 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.10h):
SERIOUSLY FUCK WHY DOESN'T SOMEBODY 1000 BTC DRIVING ME CRAZY HERE
200.
Post 2736896 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.10h):
SERIOUSLY FUCK WHY DOESN'T SOMEBODY 1000 BTC DRIVING ME CRAZY HERE
Perhaps the market truly doesn't want to go over 100 just yet. The downward channel upper line is at 100ish, and 100 is a psychological number. I'd be happy if we went over and started a new rally, I'd also be happy if was dropped much further before beginning a new rally, haha.
The apparently market DOES go over 100 routinely, such as whenever I walk away from my laptop.
201.
Post 2760496 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.11h):
Dont worry, another drop down to $60 is in order.
202.
Post 2788758 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.11h):
Wow this guy was an idiot. When you steal coins you better withdraw them in groups of like, I don't know, $5K at a time max, across several exchanges, across several accounts, across several years. Doing it like this was just asking to be caught.
203.
Post 2799757 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.11h):
First it's important to note that Ripple is not a currency, it's a global payment network that costs virtually nothing to use. Within this payment network you can use any currency you choose. USD, EUR, YEN, BTC, LTC, PPC or any other currency there is liquidity for. I say this because it's important to know what you're investing in. It's not Bitcoin. It's a true protocol like http, not a single crypto currency.
Is Ripple actually gaining any traction as a payment network?
I've yet to see a single business accepting XRP or payment through Ripple network, or hear about any major/regular transaction going through it..
Are there any stats about this out there?
No, there is no liquidity besides Bitstamp, basically. No vendors accept XRP for payment. It's basically speculation for XRP only, and it's highly illiquid. XRP is highly prone to manipulation, much more so than BTC. A single entity can easily dump the value of XRP to oblivion. Indeed, a single entity dropped something like 6 million XRP onto the ask book (9-10 XRP above spot, mind you), and that alone has caused the value to plummet from mid-70s, now to the 180s.
It's too bad Ripple is tied to Open Coin. As a payment system, it's pretty brilliant and has a lot of potential to be extremely versatile for payments/micropayments. But the supply of XRP is completely fucked, fuck holding it. At the same time, since Ripple has virtually no liquidity, there is really nothing to be done but trade in and out of XRP.
Can somebody actually explain what XRP is other than another centralized e-currency like Liberty Reserve?
204.
Post 2799986 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.11h):
Can somebody actually explain what XRP is other than another centralized e-currency like Liberty Reserve?
It's a built in currency to prevent spam. For every transaction on the Ripple network a small amount of XRP is destroyed. This makes it expensive to DDoS the system, for example, and the network can also increase this fee based on load.
It is also the only native currency and can be used as such without trust lines.
Okay? So Liberty Reserve had a 1 cent fee, that prevented DDoS (at least, by making tons of transactions) as well.
I really don't get it.
205.
Post 2802742 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.11h):
Okay? So Liberty Reserve had a 1 cent fee, that prevented DDoS (at least, by making tons of transactions) as well.
I really don't get it.
You really don't get what? That preventing DDoS attacks is good?
No, I really don't get whats so 'special' about XRP.
Look, I know many Bitcoiners have a hard time thinking beyond anything Bitcoin. I get that. What Ripple represents is true freedom to use ANY currency you want. This may fly in the face of those with the delusion that Bitcoin will be the "one world currency" but I assure you, it is a delusion.
People want choice. People want options. Ripple gives them options...any option of the currency(s) of their choice. If you don't like XRP, don't use it. If you don't like USD, don't use it. Use whatever you want and the receiver on the other end of that transaction can receive whatever currency they like.
Yes, and this is what I don't get. What is the purpose of XRP beyond any other centralized e-currency, only with a floating value, considering their protocol can support any other currency no matter what?
If you're against freedom of choice and just want to jam one currency down everyone's throat, you'll hate Ripple. But if you like freedom to choose for yourself and think everyone should have the same freedom, you'll love Ripple and you'll see it's not a competitor to Bitcoin, but a compliment. It took me awhile to understand that but then again, I had to actually take the time to understand the purpose of the network.
Now you're just getting weird.
206.
Post 2820787 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.12h):
ok...
Its called gox not giving people USD.
When they start giving people USD within a reasonable time frame, then I'll believe the goxxian price. Until then its basically a lie.
207.
Post 2821469 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.12h):
Its official, bitcoin is now a religion.
208.
Post 2827409 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.12h):
How about we all just recognize this isn't a religious thread and is instead a Bitcoin thread, and thus don't bring up religion? I'm sure there is some place on this forum where you can talk about religion if you want to. I don't particularly care if you are religions or not, but thats completely off-topic, even by this thread's standards.
209.
Post 2827930 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.12h):
Hmm, hoping for that spread between mtgox and bitstamp to go down, then its time to hop in again. Trying to get out of BTC right now, its a bit too big of a spread for my taste.
210.
Post 2828024 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.12h):
Hmm, hoping for that spread between mtgox and bitstamp to go down, then its time to hop in again. Trying to get out of BTC right now, its a bit too big of a spread for my taste.
its been clear for a while now that bitstamps is get more and more volume coming from mt gox
the price difference is a result of this shift
it could stay that way for a long time... buy now
One problem:
I'm stuck.
All of my fiat is stuck on Mt. Gox. Fortunately I was smart enough to buy a little on this latest small dip into the high 80s on gox, but now I'm screwed big time. I have to give away like 10% of my fiat just to get it into the legit exchange.
I have yet to use Gox and not regret my decision.
211.
Post 2828059 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.12h):
Hmm, hoping for that spread between mtgox and bitstamp to go down, then its time to hop in again. Trying to get out of BTC right now, its a bit too big of a spread for my taste.
its been clear for a while now that bitstamps is get more and more volume coming from mt gox
the price difference is a result of this shift
it could stay that way for a long time... buy now
One problem:
I'm stuck.
All of my fiat is stuck on Mt. Gox. Fortunately I was smart enough to buy a little on this latest small dip into the high 80s on gox, but now I'm screwed big time. I have to give away like 10% of my fiat just to get it into the legit exchange.
I have yet to use Gox and not regret my decision.
lol fiat problems
sorry, I do empathize for you and all the fiat holders stuck on Gox Kazu
So I get fiat, and I get screwed over because online all it is is just debt owed to you by the exchange of your choice.
So I get Bitcoin, and I get screwed over because the exchange rate derps.
I need to find something to do with my time that doesn't result in not sleeping at night.
212.
Post 2830322 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.12h):
localbitcoins seems to follow gox for pricing, that's a way to pull off the bitstamp arb.
You'd somehow have to sell via Localbitcoins, which is sorta a huge pain & then wire, the time delay would seriously eat at your profits.
213.
Post 2840085 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.12h):
Possible retrace to $100-ish?
214.
Post 2840199 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.12h):
Have a buy order in at 101.01 While I like the 10101ness I think it might be a bit too early to buy, what do you guys think?
215.
Post 2848219 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.12h):
SELL plz
216.
Post 2848621 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.12h):
Why wont the price go to $101.
217.
Post 2848659 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.12h):
Its got to, everything says overbought. IDK about below $100, there is a big wall forming.
$101 seemed like a safe bet but its all stalled at like $105-104.
218.
Post 2848703 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.12h):
Wow weekly
219.
Post 2851165 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.12h):
Could somebody do me a favor and sell like ~2k BTC kthnxbye
220.
Post 2851222 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.12h):
sell sell selll sellllll
221.
Post 2851261 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.12h):
SELLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL!!!!!!!!!!!!!!!!!!!!!
222.
Post 2851274 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.12h):
A chart from the future
(Arrow indicates current location)
223.
Post 2857364 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.12h):
btc going to $180 by next week. Mark my words 100x
OMG! The $180 prediction is here again! SELL SELL SELL!!!
Bears/idiots:
So, to be an idiot is more profitable. Okay
How do you profit by being a bear and thinking all buy walls are fake? Just wondering.
224.
Post 2860901 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.12h):
Wow absolutely nothing is happening.
225.
Post 2861379 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.12h):
If small players take it to 106 and not more, then we are in the 5th part of a type 5 Elliot wave.
If big players take it to 110 - 112, then we are in the 1st part of a type 5 Elliot wave.
What is a type 5 Elliot wave? I assume you are trying to say that it is the first subwave of the 5th Elliot wave of a larger order?
If so, then assuming the latter scenario, you're predicting that we go to about $130-ish, then go down to $100 again, and then back up again (when we start new wave)? That makes sense.
226.
Post 2861514 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.12h):
If so, then assuming the latter scenario, you're predicting that we go to about $130-ish, then go down to $100 again, and then back up again (when we start new wave)? That makes sense.
I'm not predicting 130, I just presented the 2 scenarios I see as possible.
For now, it's not looking good, the small players have been unable to keep the price at 106.
Well its looking good for me, I shorted at $102.65, lol.
227.
Post 2861978 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.12h):
It'd be almost like if Microsoft would promote Linux.
You don't help your future killer, you fight him.
if you can't beat them join them, or die.
I think its fair to say that msft (and appl) have combined 'beat' linux, at least in terms of home OS.
228.
Post 2862295 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.12h):
I'm not sure if Paypal / Ebay is so forward looking.
The cynical me suggests I would go borrow all kinds of money and sweep up all the bitcoins I can find if I really do have the inside scoop. After all, no one would know this 'insider' trade and there's no criminal punishment either.
Somebody like Western Union is WAAAAAAY more likely to do something like this. Wu is all about moving money from point A to point B, while conducting exchange in the middle if there are different currencies. Paypal is getting money from point A and B, putting it inside of itself, and hoping nobody ever takes it out since it can be moved around within itself for cheap, Liberty Reserve style.
229.
Post 2862710 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.12h):
Merchants want fiat not BTC. Unless paypal merchants can receive BTC payments in USD, it will mean nothing. The only other benefit is people can buy BTC with Paypal. Cool addition but hardly an earth shattering update. Even if such rumors were true, any rise in value would be little more than a speculative bubble if its just BTC -> BTC transactions. My $0.02.
Would be worth more if it was 0.02 BTC
230.
Post 2862739 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.12h):
The only way a merchant would want BTC is if a supplier wanted BTC. This could be just somebody selling a service, which would be fine, but if you are buying an actual product, you'd need the manufacturer to want BTC, which would mean you'd need some of the people working for the manufacturer to want BTC (or I suppose the raw goods provider).
What I'm trying to say is that no big company is going to want BTC at this point unless they are either (A) created from the ground up around BTC or (B) they have some way of offloading that BTC to individuals that want BTC. Companies at this point wont want BTC, people will.
231.
Post 2862760 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.12h):
The only way a merchant would want BTC is if a supplier wanted BTC. This could be just somebody selling a service, which would be fine, but if you are buying an actual product, you'd need the manufacturer to want BTC, which would mean you'd need some of the people working for the manufacturer to want BTC (or I suppose the raw goods provider).
What I'm trying to say is that no big company is going to want BTC at this point unless they are either (A) created from the ground up around BTC or (B) they have some way of offloading that BTC to individuals that want BTC. Companies at this point wont want BTC, people will.
i've sold goods and services ( sold ad space on my site...) for bitcoin, i keep the BTC!
I also buy good and services using BTC
You are an individual, not a company.
Contrary to 'popular belief' companies are
not people
232.
Post 2862842 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.12h):
The only way a merchant would want BTC is if a supplier wanted BTC. This could be just somebody selling a service, which would be fine, but if you are buying an actual product, you'd need the manufacturer to want BTC, which would mean you'd need some of the people working for the manufacturer to want BTC (or I suppose the raw goods provider).
What I'm trying to say is that no big company is going to want BTC at this point unless they are either (A) created from the ground up around BTC or (B) they have some way of offloading that BTC to individuals that want BTC. Companies at this point wont want BTC, people will.
i've sold goods and services ( sold ad space on my site...) for bitcoin, i keep the BTC!
I also buy good and services using BTC
You are an individual, not a company.
Contrary to 'popular belief'
companies are not people thats still up for debate
corporations are individuals in the eyes of the law.
so it would be perfectly legal for paypal to pump and dump bitcoin ; )But I can't wire money to my Bitstamp account because I have an individual account but the money is coming from a corporate bank account.
And money is a form of speech, but AML laws aren't infringing on our freedom of speech.
Them politician guys are a fun bunch
233.
Post 2863197 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.12h):
One major bearish sign is that there have been no recent bitcoin music videos made as far as I'm aware.
I've been waiting for a while for a video talking about how bitcoins are on sale (
http://www.youtube.com/watch?v=JaAWdljhD5o) or "shit its 99 bucks" (
http://www.youtube.com/watch?v=QK8mJJJvaes)
234.
Post 2863245 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.12h):
(In a child's voice) Hey Macklemore can we go ASIC shopping?
Its going up!
I feel it in my bones,
I know that ask wall's bout to blow
235.
Post 2863308 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.12h):
Its going up!
I feel it in my bones,
I know that ask wall's bout to blow
Several indicators are looking good, but not great. To really go up we need the 1.0 - 1.5 million $ that are not seen
on the bid sum at MtGox. So right now it could be just a flash in the pan.
Oh dont worry about me, remember I'm the guy who sold like an idiot at $102.65.
236.
Post 2865684 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.12h):
TBH the new interface still looks pretty bad...
Also, still no stop.
237.
Post 2867455 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.12h):
I'm officially being screwed over right now. The goddamn interest rates on Bitfinex for borrowing BTC are practically 0 while you have to pay some monstrous rate to borrow USD, the price is going up, and I cant do shit. WTF do I do now. I have already lost like 2 BTC if I buy right now.
238.
Post 2868025 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.12h):
you sure it's not 180?
How's he getting 210? Isn't it the difference from the top of the head to the neckline, i.e, 50-ish, making take profit about $155 (depending on which exchange you're looking at)?
239.
Post 2871651 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.12h):
In order to the 5-th wave theory to work, we'd need to break above $112 by a fair margin. Otherwise, we've essentially just got a dumb ranging market on our hands.
240.
Post 2871697 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.12h):
In order to the 5-th wave theory to work, we'd need to break above $112 by a fair margin. Otherwise, we've essentially just got a dumb ranging market on our hands.
haha you're talking about bitcoin right
Yea, a range... but its like 5% range
241.
Post 2872969 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.12h):
The buy wall at $105 seems to be gradually growing (probably just people bandwaggoning just beneath it) and gox is basically looking pretty bullish.
Bitstamp on the other hand has significantly more asks than bids within $10 in either direction. This is not bullish at all. Another thing I noticed is that the "clumpy" curve (i.e, the curve with the biggest walls, i.e, not smooth) generally is a stronger support than the smooth curve. Mt. Gox's bid wall is indeed very clumpy, while bitstamp's ask wall seems to be a bit clumpier than their bid. This probably means that the spread between the two is not going to be going down any time soon.
Bitfinex rates seem to generally indicate bullish tendencies, regardless of the fact that Bitfinex is essentially Bitstamp's market. The USD interest rates have been growing since yesterday fairly steadily, which is generally a bullish sign. According to Bitfinex's rates, people there are basically expecting BTC/USD to go up about 0.15% daily. The BSI is also positive, not sure thats very significant though.
242.
Post 2873851 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.12h):
Does avatrade offer BTC-denominated accounts like Broker1, or is all of it USD, and you can just buy BTC/USD cfds?
243.
Post 2873920 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.12h):
Does avatrade offer BTC-denominated accounts like Broker1, or is all of it USD, and you can just buy BTC/USD cfds?
I think the latter.
Crap.
244.
Post 2873979 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.12h):
Does avatrade offer BTC-denominated accounts like Broker1, or is all of it USD, and you can just buy BTC/USD cfds?
I think the latter.
Crap.
Why?
Because its crappy as hell. Like look at this and tell me, Wtf is this:
245.
Post 2874085 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.12h):
The indicators dont even work because their datapoints are crappy and it wont let me trade it with paper money. And it looks like they're polling gox every 2 minutes or something. Seriously you think they could do a little better than this. Oh yea and they have like 1.2% spreads, and charge 6% interest on margin for each DAY.
Here I am excited that ill be able to use the mt4 im so used to trading with for Bitcoin, and the chart turns out entirely butchered to the point of indicators not even being reliable, and these gigantic interest rates that essentially say "If you hold this overnight, you're entirely screwed."
246.
Post 2874572 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.12h):
Was looking fun there for a while but it has quickly reverted to pre-fun levels.
247.
Post 2874686 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.12h):
Was looking fun there for a while but it has quickly reverted to pre-fun levels.
looks like someone is going to pull his trigger soon
anyway, i'm not sure what to make of the gap in the bid wave.
since the z axis is time, this would mean all bid orders below 105 disappeared for 5 minutes!?
can someone explain this to me?
Ithink the deal was they were higher, then they dropped, so it looks like a gap.
248.
Post 2875050 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.12h):
I still don't really have full faith in this rally - demand from SD buyout probably brought us back to 90-95, but I'm suspicious of the run up from 95 - 105. Instead of the wild run up to 115 on mtgox after they suspend withdraw and people trying to get their money out mad by buying coins, it's just a carefully orchestrated attempt slowly release trapped funds from mtgox. The ask sum has been declining, volume on bitstamp up.
With labcoin, btcgarden, 796 and all these IPO's completed recently, there's probably selling pressure coming soon on bitstamp.
If these companies are actually worth what they IPO'd for, that means that they must accept payments of presumably more than what they IPO'd for, hopefully (at least, in theory) compensating for the increased supply of the IPO with increased demand.
So technically its still OK.
249.
Post 2875152 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.12h):
Mini-105 wall just popped up?
250.
Post 2875208 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.12h):
Mini-105 wall just popped up?
The numbers are different [500/1500 split] but in the end its basically half of the original 2600/2000 wall
If you watch the walls close enough, you can tell multiple if not all are one person. Most likely not all, but occasionally 101/102 might disappear simultaneously and then re-appear. So, its not too unlikely they are just cutting their "double wall" on 105 while still making it look like two people.
Wait so what happened to the other bit of the wall? Got tired of waiting? Whats he gonna do, just let the USD sit on gox for fun?
251.
Post 2881774 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.12h):
Bitcoin officially a security under US law:
http://www.reuters.com/article/2013/08/06/us-court-sec-bitcoin-idUSBRE97517G20130806(Reuters) - U.S. regulators got the green light from a federal judge to proceed with their lawsuit against a Texas man accused of running a Ponzi scheme using Bitcoin, the virtual online money system.
Trendon Shavers of Bitcoin Savings & Trust had challenged the Securities and Exchange Commission's case against him, saying the regulator had no jurisdiction to sue him because the Bitcoin investments he offered are not securities or subject to any U.S. regulation.
But U.S. Magistrate Judge Amos L. Mazzant in the Eastern District of Texas ruled on Tuesday that his Bitcoin investments "meet the definition of investment contract, and as such, are securities."
Bitcoin exists through an open-source software program. It is not managed by any one company, it is not regulated by any central bank, and its supply is controlled through a computer algorithm. Users can buy bitcoins through exchanges that convert real money into the virtual currency.
The SEC warned investors against the dangers of potential scams involving virtual currencies like Bitcoin in an alert on July 23, the same day it filed the charges against Shavers.
Tuesday's ruling could have important implications for the still murky legal world surrounding digital currencies, which is not regulated by the United States.
Bitcoin has come under greater scrutiny after U.S. authorities in May seized two accounts linked to a major operator in the Bitcoin digital market.
The judge's decision could be important for Cameron and Tyler Winklevoss, the twins who became famous after alleging that Facebook Inc founder Mark Zuckerberg stole their website idea.
In early July, they applied to the SEC for approval to launch a Bitcoin-tracking exchange-traded product known as the Winklevoss Bitcoin Trust.
The SEC alleges that Shavers essentially used money from new investors in his Bitcoin endeavor to cover withdrawals by older investors and his own personal expenses.
The agency said he raised at least 700,000 bitcoins, or $4.5 million, from investors in multiple states.
Shavers had asserted that his Bitcoin investments are not securities because Bitcoin is not money, but the SEC countered that they constituted both investment contracts and notes.
"It is clear that Bitcoin can be used as money," the judge wrote. "It can be used to purchase goods or services."
Shavers could not be immediately reached for comment.
Will this have an impact on market movement?
Does that mean bitcoin itself is a security or just whatever pirate sold is a security?
It means two things:
1) Bitcoin is money
2) Pirateat40 was selling securities
1) is very significant because it is a US court ruling that Bitcoin is money. One must also keep in mind here that
we have an agency of the US government arguing before the court that Bitcoin is money. lol when you say it that way its pretty funny.
252.
Post 2892721 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.13h):
Damn I used to have a buy order open at $101 that would have been a really good buying opportunity.
253.
Post 2893019 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.13h):
Damn I used to have a buy order open at $101 that would have been a really good buying opportunity.
You're fed up about 1%?
I bought at $105.01 when the wall was at there, so technically Im fed up about like 3%.
254.
Post 2893829 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.13h):
Why are we having a rally just after this dump? Doesn't make sense to me, it may take the price above 106... Weird...
I know, it is just making me mad that I didnt buy at $101.
255.
Post 2894542 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.13h):
Hey avatrade somehow made metatrader work?
Due to this I come to you with this 1-week delayed analysis:
Nothing is happening.
(In other news, my EUR/USD strategy appears to work for the most part on Bitcoin as well.)
256.
Post 2895257 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.13h):
I'm out of date, does Gox process USD BW withdraws (A) within a couple months (B) within like 4 months or (C) not within the forceeable future?
257.
Post 2902973 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.13h):
The short-term bottom of Gox is going to be $97.80, no lower.
258.
Post 2966234 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.13h):
USA, API working, website dead. Able to login every once and a while but lots of gateway errors.
259.
Post 3050555 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.14h):
And now I'm bored.
260.
Post 3051271 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.14h):
Only 8 days in the history of bitcoin has it been possible to buy at a higher price then now.
No, its always been possible to
buy at a higher price. Though not very smart.
Only 8 days in the history of bitcoin has it been possible to
sell at a higher price than now.
261.
Post 3051757 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.14h):
I don't see the connection with $250.
DeathAndTaxes is very good at math.I really like his posts.
For example 65 million difficulty gaining 75% per month for a year results in 50 billion difficulty. The electrical cost even at 1W/GH and $0.10 per kWh would >$250 per BTC.
This is actually pretty funny. The basis of a currency is how many resources must be wasted to make it. I like.
262.
Post 3051919 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.14h):
I don't see the connection with $250.
DeathAndTaxes is very good at math.I really like his posts.
For example 65 million difficulty gaining 75% per month for a year results in 50 billion difficulty. The electrical cost even at 1W/GH and $0.10 per kWh would >$250 per BTC.
This is actually pretty funny. The basis of a currency is how many resources must be wasted to make it. I like.
The resources aren't wasted, and that's just a number that one should look at before deciding to mine or buy.
They aren't wasted because you get Bitcoins for them. Ok, sure. I'm not against mining, you know. There is an overhead of wasted resources whenever you try to get any group of people to do basically anything together.
263.
Post 3052028 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.14h):
They aren't wasted because you get Bitcoins for them.
Nope, that's just a neat way of distributing the currency.
It's neat, but not efficient. A miner is left on as long as the bitcoins it produces are worth more than the power cost of producing them. In other words, in a (plausible) worst-case scenario, each bitcoin mined will cost just a fraction below the power burned to mine it. If the FED was working on that kind of margin, people might be even moar pissed
All bills $50 and below cost more to print than their face value.
264.
Post 3052180 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.14h):
They aren't wasted because you get Bitcoins for them.
Nope, that's just a neat way of distributing the currency.
It's neat, but not efficient. A miner is left on as long as the bitcoins it produces are worth more than the power cost of producing them. In other words, in a (plausible) worst-case scenario, each bitcoin mined will cost just a fraction below the power burned to mine it. If the FED was working on that kind of margin, people might be even moar pissed
All bills $50 and below cost more to print than their face value.
Wow, didn't know that. A link?
Edit: "Answer
The printing and reproduction of the dollar bill is a task that is reserved for the US government. Details on the procedure are not in the public domain for obvious reasons. However, the estimated cost of one dollar bill has been placed at around 8 to 9 cents per dollar bill." -- not authoritative, but unless you have some better sauce, i'm going with that.
You aren't counting the fact that they have to re-print the bill every period of time. I was looking for a source until I found this:
http://advancedriskology.com/the-day-i-bought-15000/. Then I had a really good time and figured I'd find a source later.
265.
Post 3052255 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.14h):
They aren't wasted because you get Bitcoins for them.
Nope, that's just a neat way of distributing the currency.
It's neat, but not efficient. A miner is left on as long as the bitcoins it produces are worth more than the power cost of producing them. In other words, in a (plausible) worst-case scenario, each bitcoin mined will cost just a fraction below the power burned to mine it. If the FED was working on that kind of margin, people might be even moar pissed
All bills $50 and below cost more to print than their face value.
Wow, didn't know that. A link?
Edit: "Answer
The printing and reproduction of the dollar bill is a task that is reserved for the US government. Details on the procedure are not in the public domain for obvious reasons. However, the estimated cost of one dollar bill has been placed at around 8 to 9 cents per dollar bill." -- not authoritative, but unless you have some better sauce, i'm going with that.
You aren't counting the fact that they have to re-print the bill every period of time. I was looking for a source until I found this:
http://advancedriskology.com/the-day-i-bought-15000/. Then I had a really good time and figured I'd find a source later.
I'm certain that they haven't considered the cost from when the cotton seed is placed in soil, nor for what that soil could otherwise be used.
Actually they sort of have. These costs are factored into the cost of the material from which the bill is made.
266.
Post 3054034 (copy this link) (by Kazu) (scraped on 2020-04-04_Sat_11.14h):
Walsoraj your Ignore button... its glowing!
haha
