All posts made by phoenix1 in Bitcointalk.org's Wall Observer thread
1.
Post 1878791 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.53h):
Please have a look at where the bid sum actually resides. Half of it is below $60/Ƀ, $2M are even below $25/Ƀ. I call manipulators all those that move millions but park them at market – 50%.
I would love to see in addition to the above chart a chart with the weighted average bid and the weighted average ask and a chart of that spread which I would call manipulators activity chart.
I agree with all you say except for your arbitrary definition of 'manipulators'
Those charts would provide more 'information' to do with as you please, but by no means are evidence of manipulation.
I have bids at market - 50% ... how does that make me a manipulator ? I'm good for it and a genuine buyer, just not at these prices.
Trying to read meaning into these charts without taking account of the level of the bid is ... well .... in my opinion a waste of time. If anything these charts are positively misleading. You could equally well say that anyone who is willing to sell several thousand at $120 but has not entered the order in the order book is also a 'manipulator'. He has intent but is not showing it, hoping that the market reaches that level before showing his/her hand. Which is more manipulative ?
Leaving genuine big bids in may be counterproductive (or not), but at least it is 'open' ... how many people here have hands they are not showing ? That's what makes a market.
And yes, I am fully aware that people play games with markets, especially ones as illiquid as this. But one could very easily argue that those who have bought to hold, with no intention of selling are the true manipulators, hoarding with the intention of exponential gain due to supply constraints, whilst shouting from the rooftops about how everybody should buy Bitcoin. BTW I am not disagreeing with the potential utility and value or I would not have bids in
2.
Post 1878885 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.53h):
Should be an interesting few minutes as people who were waiting for a dip start panic buying instead.
Panic buyers make good customers
3.
Post 1879359 (copy this link) (by phoenix1) (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.
LOL
This is a 'speculation' thread after all ... never let a bunch of unknown factors get in the way of a good story
4.
Post 1879402 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.53h):
Its the Russians.
Nope, definitely the Aliens
The Winkeltiddler's are direct descendants I hear ...
5.
Post 1888547 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.53h):
Wall exit velocity is $5 ahead during the fall, wall means nothing unless owner is asleep.
You sleep ?
6.
Post 1888889 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.53h):
Wall exit velocity is $5 ahead during the fall, wall means nothing unless owner is asleep.
You sleep ?
yeah 6-8 hours a day
you should try it.
The problem at the moment is which 6-8 hours to choose !
7.
Post 1889834 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.53h):
So many bids at lower prices... people trying to buy back in after the crash?
What do the bars represent on this chart ... innocent newbie question ...
8.
Post 1889950 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.53h):
They show market depth changes over the last 10 minutes. The value axis for them is on the right BTC. Bars on the left of the current price are bid offer changes, and on the right ask offer changes. So if somebody is adding a bid offer, you will see a green bar up on the left. About colors: if bids are added they are in green, and when removed they are in red. For asks it's the opposite. That's because when somebody is adding an ask, it makes it harder for the price to go up (red). If somebody is removing an ask it's easier for the price to go up (green).
Thanks ... that makes sense now
9.
Post 1890195 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.53h):
One more question ... on the 'Bid sum [kUSD]' chart above is it Sum (Bid Level * Volume) or the the Total Bid Volume * Current Market Price ?
Apologies if this is not the right thread to ask the question
10.
Post 1890515 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.53h):
One more question ... on the 'Bid sum [kUSD]' chart above is it Sum (Bid Level * Volume) or the the Total Bid Volume * Current Market Price ?
Apologies if this is not the right thread to ask the question
Huh???
what would you like me to clarify ?
11.
Post 1890529 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.53h):
One more question ... on the 'Bid sum [kUSD]' chart above is it Sum (Bid Level * Volume) or the the Total Bid Volume * Current Market Price ?
Apologies if this is not the right thread to ask the question
Huh???
what would you like me to clarify ?
There is no difference.
Huh ?? There is a massive difference ...
12.
Post 1890585 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.53h):
He's asking if the Bid sum is the either:
The product of the number of BTC bids * current market price
OR
The sum of each BTC * the price of that bid.
It's the latter.
That was exactly what I was asking ... thankyou
Agreed, BitPirate, would not make much sense otherwise - that's why I wanted to check
No disrespect to either of you, but there is a 'junior member' saying it is so (and a junior member asking
) and you, a 'senior member' saying you believe it is so ... can anyone else say definitively that it is so ?
13.
Post 1890679 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.53h):
Yes, it's definitely the sum of each bid at the respective price they were placed at.
If it was the total volume * market price it would change rapidly during price swings, which isn't what happened during the rally yesterday. Also, it wouldn't be very useful at all.
Thanks ... that's pretty solid evidence.
Agreed, it would not be very useful otherwise, but I would be a fool not to check ... and we all know what happens to fools and their money
And thanks to sauna and BitPirate too
14.
Post 1903316 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.53h):
Gox is just begging for a serious competitor to put them out of business ...
15.
Post 1903384 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.53h):
If this goes on I think it will badly damage confidence and the price will go down down down maybe 47.
I definitely not a good thing for Bitcoin. Not saying the price should crash now as a result, just stating the obvious ... that the unreliability, inadequacy and incompetence of the main exchange is not a good advert and makes them vulnerable.
Be very surprised if some of the 'smart money' sitting on the sidelines at the moment is not seriously considering taking a run at them. TBH after all that has just happened, I think that would probably be the best trade at the moment. And the best thing for Bitcoin.
16.
Post 1903464 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.53h):
Stop whining and use another exchange already.
Yeah ... that would look really good for Bitcoin too ... everybody abandoning Gox
17.
Post 1903555 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.53h):
If this goes on I think it will badly damage confidence and the price will go down down down maybe 47.
I definitely not a good thing for Bitcoin. Not saying the price should crash now as a result, just stating the obvious ... that the unreliability, inadequacy and incompetence of the main exchange is not a good advert and makes them vulnerable.
Be very surprised if some of the 'smart money' sitting on the sidelines at the moment is not seriously considering taking a run at them. TBH after all that has just happened, I think that would probably be the best trade at the moment. And the best thing for Bitcoin.
It may be a good business, but is a minefield of strict government regulations, hacker attacks, and being at the mercy of bankers. I know I would never do that business. You can gain, but you can lose it all without notice if some bureaucrat wakes up badly and shuts you down.
I hear you, but without a stable exchange infrastructure, the big bucks are not going to truly flow in, in my opinion
18.
Post 1903580 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.53h):
Stop whining and use another exchange already.
What other exchanges are there?!
Btce is infested with java exploit links and its based in russia. Could use Bitstamp but they might be overwhelmed and get their bank account shut just as it happened with bitfloor, bitcoin24.
And exactly how safe would you feel with a sizeable balance sitting in a bank in Slovenia, waiting to trade ?
Bitstamp are already unprepared for high volumes of transfers ... when it dumped it took 3 days to get my money in. When things quietened down it was there in less than 24 hours.
19.
Post 1904547 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.53h):
And exactly how safe would you feel with a sizeable balance sitting in a bank in Slovenia, waiting to trade ?
Bitstamp actually uses one of the larger italian banks, called UniCredit. but you are right, no bank in europe is actually "safe".
My Euro transfer went to Slovenia. Do they then transfer it to a USD account in Italy ?
20.
Post 1904615 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.53h):
And exactly how safe would you feel with a sizeable balance sitting in a bank in Slovenia, waiting to trade ?
Bitstamp actually uses one of the larger italian banks, called UniCredit. but you are right, no bank in europe is actually "safe".
My Euro transfer went to Slovenia. Do they then transfer it to a USD account in Italy ?
no. unicredit just operates in many countries. check their website, i'm not an expert. just telling you that this is not one of the smaller banks …
Thanks - stupid question with hindsight
21.
Post 1912021 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.54h):
quiet before the storm...
everyone scared of operation shock and awe?
Yeah ... terrified ... yawn ...
22.
Post 1912062 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.54h):
Maybe a little spike as the idiots that bought into this story (ie sold coins) buy em back
Or how about nothing happens and it continues to be an extremely boring day ...
EDIT : OMG IT IS HAPPENING ... I couldn't connect to bitcoincharts for like 1 second ... PANIC !!
23.
Post 1912293 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.54h):
Maybe a little spike as the idiots that bought into this story (ie sold coins) buy em back
Or how about nothing happens and it continues to be an extremely boring day ...
The volume has been low, ergo there are no idiots who sold their coins.
Check this thread and you will see some people did ...
https://bitcointalk.org/index.php?topic=183106.0LOL !
At least they're man enough to 'fess up !
I would be stunned if it did not bounce back to about $128 in 2 hours, when people execute their held back buys...
I got my stun gun ready ...
If I am still awake ...
24.
Post 1912365 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.54h):
some people are just straight up mugs
For some of them it's not a life choice
25.
Post 1912411 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.54h):
It seems like this thread is going down the drain too
WTF is wrong with a bit of banter when there's fuck all going on ... or when we're about to get nuked
Far as I can see it gets sensible again pretty quick when there is some action - that's the most important thing IMO
YMMV
26.
Post 1912897 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.54h):
I would be stunned if it did not bounce back to about $128 in 2 hours, when people execute their held back buys...
Time's up ... there ya go
27.
Post 1913665 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.54h):
the longer you hold back the more powerfull the eruption
That's what she said. Sorry couldn't resist
Needed saying
28.
Post 1914956 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.54h):
Remember, there was no way anyone could have predicted this.
Fair play, 128 was a good call
29.
Post 1915924 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.54h):
Both look like consolidation to me ... depends on what colour glasses you are wearing I guess
IMO the minimal impact of yesterdays attack has also taken some fear out of the market ...
30.
Post 1915967 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.54h):
Me thinks this prolonged stagnation is a bit odd. Is price discovery working? 120ish the new market?
It's not really stagnation. It's just the weekend lull.
It's Tuesday morning where I am, hardly the weekend. Also weekend lull is myth.
1) The bids are really filling in. That's not indicative of stagnation, it's indicative of caution. But once someone pulls the trigger and makes a big buy then we're off to the races.
2) Fiat has a hard time getting into the exchanges on the weekends. Bitcoins do not. This weekend saw the same lull that every other weekend sees.
I'd say the bids filling in is a sign of renewed confidence and fear of missing the next train out of the station
Consolidation with a small uptick after the weekend attack is pretty positive indicator for sentiment as I see it
CAVEAT : My ability to predict markets is remarkably poor
31.
Post 1930956 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.54h):
Paypal recognition ... bye bye 150 .. nice knowing you
32.
Post 1945330 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.54h):
At last ... a chance to make back what I lost day trading yesterday !!
WHY OH WHY am I doing this to myself ...
33.
Post 1945461 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.54h):
Dunno ... I reckon there's a good chance we test $125 again in ...hmmm .... BitCoin time. Can't relate it to anything else
34.
Post 1946070 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.54h):
IMO we need to break 150 and hold it or we are headed back down to 125 ... no idea which will happen
If you twisted my arm I'd say another test of 125 is on the cards first
35.
Post 1959995 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.54h):
Still looks to me like we've got a bit of downward movement on the cards ...
OK ... that's too vague ... I think we will test 120 with decent volume and probably high volatility (105-135 range) ... will it hold, I dont know. I expect a fierce battle though.
36.
Post 1960099 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.54h):
For me, there is someone trying to stabilize the price in the mid-130s. Someone big. Perhaps MtGox?
For me the lack of volume does not support this theory
Mt Gox make money when there is volume and that generally comes with movement and volatility ... price stability, though welcome in the long term is currently contrary to their interests as I see it.
37.
Post 1960267 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.54h):
That makes sense. But there is someone trying to drive the price up. Reminds me to a similar situation in the 60s just after the -> 53 crash.
Could also be a classic bull - bear fight. Now bear has dumped 2k to 131 - we'll see if bull reacts.
That bear was actually driving the price down. Stupidly placing a 1.5k wall lower and lower before finally panicing and selling into the 132 wall. That seems like compete amateur crap to me rather than manipulation attempt. The person actually thought someone was going to just buy their large'ish wall on a low volume Saturday but instead they just created a resistance and no one bought, thus the price couldn't go anywhere but down, and they chased it for the last couple hours, always lowering the 1.5k. In the end it went from 135 to 133 and finally they gave up and sold into the 132 bid wall. HAHAH what a joke.
TBH most of the time I read manipulator here I mentally replace the word with 'amateur trader'. Sure, the market is manipulated as all markets are, but not every trade that moves the market is a 'manipulation'. A lot of it is just overly emotional trading (panic at potentially missing an opportunity)
Lots of paranoia here me thinks
38.
Post 1960310 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.54h):
Maybe the dude just had to go out for dinner and was sick of trying to sell 'a little bit higher'
As a wise man once said 'Don't be a dick for a tick' ... if you truly want in or out of a position just do it ... dont piss around trying to be clever and missing the in/out and regretting it later. Bite the bullet. Sometimes that also involves knocking the market a few points either way ...
39.
Post 1960339 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.54h):
Yep, I'm one of those... I've got none at the moment I sold them earlier on (slight panic sell, to be honest). If I buy in again I'll be buying in at pretty much the same as I sold at. I just can't see where this is going (up or down). As you can tell I'm new to this and have never traded before pre-BTC.
tomjo7
What you do depends on your motivation ... if you are looking to 'trade' I would say that this is not a particularly good entry point due to the aimlessness and low volume (and also I think we are headed lower
)
If you don't have a view, don't do anything ... sit on your hands and wait til you have a view.
Wise man once said "if there's nothing to do, do nothing"
If you have a fixed sum you want to put in and hold for the long term, it does not matter so much ... if this is where you sold out in a panic, buying back in at the same level does not sound so bad.
Ask yourself, right now, am I comfortable having no Bitcoins ... ?
40.
Post 1960357 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.54h):
Wake up, slight movement.
It's alive !
41.
Post 1960374 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.54h):
The walls to 120 are pretty damn intense. I don't foresee this busting through those.
I think much blood will be shed before we find out for sure ...
42.
Post 1960615 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.54h):
The walls to 120 are pretty damn intense. I don't foresee this busting through those.
I think much blood will be shed before we find out for sure ...
I think that is a reasonable prediction, haha
Winter is coming ...
43.
Post 1961858 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.54h):
Bitcoin winter is coming
what's that supposed to mean?
There's a battle ahead ... 120 is gonna be tested and lots of blood spilt whatever the outcome
Yeah G of T ... the most awesome thing on TV at the moment ...
44.
Post 1962011 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.54h):
I think we're going to a bear market, that is my feeling reading the forum.
The Wildlings are going to attack The Wall ...
Forgive me ... I will try and stay on topic, but G of T is such a compelling analogy right now
45.
Post 1962730 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.54h):
Missed much better window yesterday but caught this one, though not with volume I wish I did.
Be happy that you caught it at all
46.
Post 1962854 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.54h):
Bieber lives next door, but he unfortunately has to work, which I also do for 4 more hours.
Dude, you need to go and knock on Biebers door
today, give him a handful of free Casascius coins.
Or hand them out to his entourage. If no one opens the door, you shove them under the door. Do it!
Wish granted:
Behold the Biebcoin.
That's it !! 0.001B is a Bieb ... how could his ego resist that !!
47.
Post 1966060 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.54h):
Someone please go coin dump 10-20k. This is fucking boring. I need to buy back in.
not gonna happen. look at that mini-bull! see his strong trendline! the train stopped briefly but is quickly departing again.. toot
Agreed. In the short term, 120 has proven itself.
Nah ... that was just the first bit of the movie ... the part where they send a scout out on a horse to spot the enemy and he returns slumped across the saddle with his head missing
48.
Post 1968769 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.54h):
You shouldn't let someone else suggesting you your trades.
Personally, I'm short.
+1 re trades
Also in no way convinced by this low volume 'bounce' ... next 2 days should be interesting. I think we go lower ... we will see
49.
Post 1968910 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.54h):
come to daddy..
That was a quick $5 drop ...
50.
Post 1968949 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.54h):
Indeed ... keep the powder dry
(cos it's going lower
)
51.
Post 1978455 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.54h):
I love it - a magnificent balance of bulls and bears convinced the market is going to go their way whilst the market alternates between looking like it's going to start a crazy up or a massive drop alternately.
... that about sums it up !
52.
Post 1985822 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.54h):
Lag back down again. Stabilizing. I wonder if it will be like last week with one large dump every 2 hours or so.
Was thinking exactly the same thing ...
53.
Post 1986346 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.54h):
whoever sold....LAWL! SO FAIL! HAHAHA!
I don't see why you're laughing, anyone who sold can now buy more BTC from the proceeds of their sale.
What's to laugh about ?
I sold all of mine at $162 and they're now considerably cheaper so that would be a reasonable gain for me.
When you sell there isn't always a guarantee you get to buy cheaper. lol
But there is a guarantee that smoothie will laugh at you
54.
Post 1995138 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.55h):
Isn't this the place to use all of your verbal wit to talk the price up?
For me, this place seems to have gone from a mostly honest discussion about the price to a lot of people trying to talk the price up or down in order to try to sell high or buy cheap (mostly the latter).
I have to agree with you. There is a big difference between expressing an opinion and trying to jawbone the price in one direction or the other. I feel sorry for the inexperienced traders that are taken in by the latter.
I am sooooo extremely bored of the reptile's perpetual nonsense FWIW
There is one good thing I have to say about the 'jawboners' ... they can be useful contra-indicators ...
55.
Post 1996254 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.55h):
I don't give a shit of bitcoin going to $0.01
<cough> bullshit <cough>
Yeah you do
56.
Post 1997597 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.55h):
(In fact I have unlimited money but that is too wonderful for most of us to grasp.)
Sorry, don't mean to be hatin' on your thread Adam, but this guy is just plain tarded!
... i c
I don't hate him ... he's just like one of those annoying rashes that won't go away ...
Keeps coming up wit new FUD every day ... <yawn>
57.
Post 1997888 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.55h):
That's the one
58.
Post 1998034 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.55h):
Sorry ... no interest in reading half a page of your drivel ... if you want to poison me, make it short and sweet. Your monologues have no 'bite' for me
Pathetic that the belligerent supernodes need to use sockpuppets created on April 12th, 2013.
That's almost like saying a 2013 Casascius is a collector's item.
Busted. Everybody will laugh at you, I just ignore. Go home.
And your point is ?
EDIT : HUH ??
59.
Post 1998098 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.55h):
Could someone please tell me what is going on, I just came home. What caused this price drop and where the price is heading?
SR has been down and is coming up intermittently. SR users try to get their Bitcoins out ASAP and dump them at market because they can't get their drugs and have no other use for BTC.
That's probably the best theory I've heard so far ! Occam's Razor ...
60.
Post 1998134 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.55h):
i'm sure i'm gonna regret this. i just know i am. but... i gotta ask.
what the hell is this supernode thing? i see it mentioned in rpietila's sig... but ... what does it mean?
Replace 'node' with 'ego' and it will all become clear
61.
Post 1998902 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.55h):
It's all very well those jumping on board fearful of missing the boat when we were on that massive rally and wanting nothing but to see the value of their investment going through the roof. Everyone should feel free to buy for whatever reason they want - but they shouldn't come crying to me when it all goes Pete Tong!
Aye, ain't no tissues around here
62.
Post 1998981 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.55h):
Let's face it, the biggest problem with Bitcoin is that some people have too much and can change market sentiment with the click of a button.
Yup. Does not sound very different from the tyranny that the 'libertarians' are trying to free us from ...
Only the master changes ...
63.
Post 2005575 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.55h):
That is a good fight at 100 but what about tomorrow and the week end..I'm afraid the bleeding will continue.
Agreed ... looks pretty bleak to me, but not bleak enough to buy yet
Bid Sum and Ask sum just diverged even more ...
64.
Post 2005745 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.55h):
The odd thing for me is that this does not feel like panic selling ... just relentless selling pressure. Yesterday, when we broke below 120 we went into freefall ... this feels very different ... worryingly so
That's why i don't think we've seen the bottom yet ... no panic and not even that much volatility
65.
Post 2005775 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.55h):
Nope. I have done that way too many times. I have sworn to myself to never ever sell at a loss ever again. I still have fiat in my account so it's not that bad.
I hear you. But the problem with that approach is that you just got into an arranged marriage with your position. It's hard to see the market objectively from there
66.
Post 2005795 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.55h):
The odd thing for me is that this does not feel like panic selling ... just relentless selling pressure. Yesterday, when we broke below 120 we went into freefall ... this feels very different ... worryingly so
That's why i don't think we've seen the bottom yet ... no panic and not even that much volatility
This feels like people are throwing in the towel. Capitulation, if you will. With none of the hype and buzz having any positive effect on the prices like it used to and a growing distaste with feeling like the price is at the whims of the puppet-masters, it seems like people are ready to step away for a while and let this burn itself out.
Or that could just be me.
Yeah, but not the end of the capitulation
67.
Post 2005804 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.55h):
Nope. I have done that way too many times. I have sworn to myself to never ever sell at a loss ever again. I still have fiat in my account so it's not that bad.
I hear you. But the problem with that approach is that you just got into an arranged marriage with your position. It's hard to see the market objectively from there
Not everyone is here to speculate. Leave the guy alone.
That was not intended to be an attack, just an honest opinion
68.
Post 2005869 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.55h):
What do you mean I can't see the market objectively from my position? I'm not a daytrader really, I'm in it for the long term.
Thats cool man. I am not saying you can't see it. I way saying that my experience of of having positions go against me and holding onto them anyway made it difficult for me to decide what to do next. Intended short term trades became investments ... did not end well for me.
If your happy with it, no worries. No offence meant.
69.
Post 2006441 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.55h):
I am not here to manipulate the opinions of others, although given the number of people that are, I can see how that mistake could be made
So suggesting that he get out of his position because he's blinded by his "marriage" isn't telling him what to do?
I never suggested anything ... I just highlighted a potential problem with his approach, one that cost me a lot of money - he may not have the same issue. I don't believe I have ever told someone what to do with their money on this forum. That's not why I am here.
Peace ?
Glad I missed the pig gif ... my mum called at just the right time. Sounds really disgusting and tasteless.
70.
Post 2006633 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.55h):
Bulls headed to 100!
that is oddly mesmerizing...
Indeed ... very peaeceful
71.
Post 2007532 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.55h):
I'm one of these bulls that is "trapped" (bought at 120ish ) and it doesn't bother me. i will keep buying, because i have faith.
Fair play to you ... likewise I thought at the very least we would get some sort of resistance and bounce from $120 ... it had been so hyped (maybe that was the clue !).
Also bought at this level ... but cut it when it collapsed. Expensive mistake ... but I know I could not have taken the extra pain of today's drop so no regrets.
Still think we have not seen the low yet ... but I am not a very reliable indicator
72.
Post 2008203 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.55h):
I listed 105 for sale at 94 and went out. WTF has happened while I was away - I expect the prices to be in the 80s by now
Just wait. Not today.
^^ this
Wish I had heeded your warning yesterday about picking up pennies in front of steamrollers ...
73.
Post 2008742 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.55h):
Someone mentioned they'd like to see 3d charts a while back so I had a try to see how they'd look. 2 hours ago:
Obviously, it's a work in progress. Thoughts?
Nice work, very cool
How big a step would it be to animate this so we could visibly see walls moving in 3D ? That would be ubercool
Dare I say it, but it would be bit like a ripple
74.
Post 2008862 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.55h):
Yup .... its another .01 attack
How are Gox so stupid that they don't stop this ?
The guy is putting in thousands of bids for 0.01 at $2-3 ... utterly meaningless
I am not a techy, but I cannot imagine that that this could not be stamped out very easily and the culprit identified.
Why are they not doing anything about it ?
75.
Post 2008900 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.55h):
Someone mentioned they'd like to see 3d charts a while back so I had a try to see how they'd look. 2 hours ago:
Obviously, it's a work in progress. Thoughts?
Nice work, very cool
How big a step would it be to animate this so we could visibly see walls moving in 3D ? That would be ubercool
Dare I say it, but it would be bit like a ripple
It could be done but not really in a way that could be posted as an image in this thread. Maybe as a flash thing or something?
Maybe as an animated gif for starters?
That would be really cool
76.
Post 2009030 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.55h):
BEAR... FUCKING.... TRAP smh
Who let the bulls out, who, who who who
Who let the bulls out, who, who who who
77.
Post 2009087 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.55h):
Wheres reptelia guy ? i think he lost rest of his hairs hahaha
Slithered off somewhere
78.
Post 2015808 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.55h):
another chance for easy money missed, damn you bitcoins
haha was just thinking this
just missed it. was looking at 82$ loaded with FIAT and just got back from a meeting and here we are at 100 . DAMN U BITCOINS! Lets buy in at the top so we can offer some water for that pump! maybe not.
lol
Beat this ... I bought around the 83 level, sat with it for over an hour and it was going nowhere on low volume so I scratched it ... about ... oooh ... a minute at most before it went through the roof ... hahaha
Damn you Bitcoin !
79.
Post 2016007 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.55h):
throughout this drop both support and resistance have been extreme. volume is very high. the volatility has brought in a lot of day traders looking to capitalize on the drop. I played the game myself, sold high bought lower! The risk to reward for doing this is going lower and lower with very drop, at one point the music will stop and there will be far more people than chairs.
I don't know ... that was a lovely bounce just now - if I had been on it ! But I guess if Billy Big Bat had not appeared on the scene we could equally well have dropped 10 points instead. Yeah .. it's fucking risky at the moment ...
Problem with day trading it is that you can't actually go short, so in a downward trending market you are relying solely on catching the bounces and being nimble. Yeah you can sell out and look to buy again, but that's not really going short. And as someone posted recently, going to bed with a position is very risky right now. That really skews the odds against day trading IMO.
I am ahead, but not by much, and it's been a rollercoaster ... one that I am beginning to tire of ... takes up so much time
80.
Post 2016083 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.55h):
Amazing, such high volume, but at any time the bids and offers are so thin. It seems that anyone who wants to trade just unloads (fiat or BTC) at market. Hence we get stupid crazy volatility. I think the only winner is Gox.
The house always wins
81.
Post 2017006 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.55h):
Spambots or manipulator bots?
Seems to be a .01 attack under way with tiny offers on the upside at the 111 level .... thats the lag
82.
Post 2017082 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.55h):
Interesting ... definitely looks like people are doing this. Twats ...
83.
Post 2017226 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.55h):
Flag pattern?
Whats that then ?
Does it mean up or down to you ?
84.
Post 2017296 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.55h):
Flag pattern?
Whats that then ?
Does it mean up or down to you ?
up
Hope so !
Thanks for pic
85.
Post 2017413 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.55h):
IF and only IF this is a "flag pattern", it should be similar to the previous one, so let's say target is $103 and absolute peak $105? Any serious analyst here to comment?
Yeah, I agree, the upside is limited for now. Your range sounds about right to me
Didn't recognise the 'flag' but that's what I see ...
86.
Post 2017678 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.55h):
its going to take some time, but we will be stable above 100 and then 200 and then 300 and then.... well you'll buy back in
I'm saving some fiat for $500
87.
Post 2017754 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.55h):
Btw, this is the last day when we see $95 EVER, you can quote me on that.
And quoted.
Wonder if that will ever go explained, because I've seen $95 (and lower) now so many times in the last 24 hours....
Explanation ... he's full of shit and talking his book
88.
Post 2018401 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.55h):
everyone sold off b4 the weekend, now they wait for lower prices
this.
Yet there is still little play downwards with very low volume going on.
I bet someone bought back in at 92-93 and now is shitting himself again. Wash, rinse, repeat.
Also everyone's fiat is still in the exchanges.
Expect rally on Sunday morning and subsequent dumps in few hours.
It will be a slaughtering game. The lucky ones will get more fiat for next round. Others will bleed. Wash, rinse, repeat.
lol
I bought a small amount around there 2 hours ago and just got rid of them for a small loss ... more through boredom than fear
Now time for some TV ...
Cash is safe for another day
89.
Post 2018555 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.55h):
So long as there are entities with 10k+ btc it seems risky to me to be holding btc for any significant length of time during the start of a downtrend.
Agreed ... thats why I prefer to take a small loss and walk away than to sit with a position that was intended to be short term and did not pan out
90.
Post 2018695 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.55h):
Fuck that. 9,000 on 90 now.
I say we are going to the mooon guys.
Send me a postcard
EDIT : Shit ... supposed to be watching TV now
91.
Post 2019080 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.55h):
$3500 and a free iPad
TV ... help ...
92.
Post 2020046 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.55h):
Frankly I think that anyone who goes to the effort of posting any charts here that are not based on solely on their own agenda, but on sharing their opinion, should be applauded, not admonished. If they call it wrong, they call it wrong. There are no gurus here, we are all human. Nobody is forcing anyone to trade on the levels or 'predictions'. For me I find it very interesting and useful to see a cross section of other people's opinions and their analysis of the situation. And I add my own opinion when I have one, may it turn out to be right or wrong. Hindsight is a beautiful thing and losses are painful, but we are each responsible for our own mistakes.
I don't agree with blatantly biased posts intended solely to manipulate, but these are pretty easy to spot and ignore.
Most of out TA's do not fall into this category IMO ...
And FWIW, I think this is not over yet by a long shot
I don't have any targets, but I feel there is more to explore on the downside before we stabalise. $70 ? $50 ? I don't know ... but it feels like a bear market to me
93.
Post 2020096 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.55h):
I bought in at 97
So much for that whole Elliot wave thing... Grrrrr
Elliot Wave theory cost me A LOT of money (not on Bitcoin)
Or perhaps it was me projecting my bias onto the 'waves' that cost me the money ...
94.
Post 2020111 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.55h):
Who is going to test $80? There are no more sellers left. The price has not stayed still for more than an hour for the past 3 days at least. There had been a constant selling pressure. There has been no selling pressure since 8 hours ago. To me it seems that there are no sellers left.
The bears are taking a crap in the woods right now ... they have not gone away IMO. 8 hours is nothing in the grand scheme of things .. long time for a crap though I admit
95.
Post 2020141 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.55h):
I bought in at 97
So much for that whole Elliot wave thing... Grrrrr
why you sad
pretty soon people will be all like "damn i KNEW i should've bought under 100"
hehehehe
96.
Post 2020193 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.55h):
Who knows ? Exactly !!
That's what makes a market ...
97.
Post 2020312 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.55h):
It's a trap!
It's only a trap if you get caught
98.
Post 2020476 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.55h):
take a break bulls!
we can milk more cheap coins off these gummy bears
place bids and wait!
I thought you wanted it UP !! I was doing this just for you
99.
Post 2020516 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.55h):
take a break bulls!
we can milk more cheap coins off these gummy bears
place bids and wait!
I thought you wanted it UP !! I was doing this just for you
this is a bit too fast...
OK, I will stick a 20k ask wall in just for you
100.
Post 2020707 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.55h):
i predict no price movement with reasonable volume 50-100K / day, all weekend long, go out and enjoy the sun!
Yeah! Holiday time !
You have no idea how bored I am of watching this yet I can't seem to stop ...
Gamblers Anonymous anyone ??
101.
Post 2020839 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.55h):
Damn it, I wanted to go to sleep. Now I'm glued to how high it will go
It's done that now ... 'fakeout' and we are back where we were about 8 hours ago ...
Get some rest
102.
Post 2037769 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.56h):
All clear now Richy_T ?
Could be be good for UK based short-term traders (no FX & transfer fess ), but not good for long term holding IMO
103.
Post 2037889 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.56h):
All clear now Richy_T ?
Haha, yes. I'll be steering clear.
Those were my thoughts too !
This game is risky enough already
104.
Post 2037987 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.56h):
Looks like we are shaping up for a scrap. Or more like a game of chicken. Who will blink first?
The chicken ?
Reminds me of a joke ...
Why did the chicken cross the road ?
To escape North Korea's long range missiles
105.
Post 2047079 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.56h):
For 1btc to be worth $300k, it would mean that bitcoins has a market cap of 330 trillion dollars.
I think you need to check your maths ... Price at $300k * 11 million = $3.3 Trillion market capitalisation on my calculator
It's still a long way off though lol
106.
Post 2047733 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.56h):
BTW, what does everyone think the top will be before we dive downwards again?
I say 180
I would feel even more confident about my bitcoin bubble assumptions if the price did not exceed $145 again before the final bottom.
I pretty much agree with you again. If we go again to $160 I would be puzzled. Heck, I think the normal thing would be not going over $125 before the final bottom.
I also like $125'ish for the top ... I just don't trust this rally at all and am not convinced it's got much more life in it
107.
Post 2051894 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.56h):
What happened ... are the Chinese dumping Bitcoins already ?
More regulation is not good ... it means more jumping through hoops for the exchanges, higher barriers to entry and potentially loss of anonymity for traders.
Not saying this has anything to do with the current downtick ... lets call that 'The Chinese Burn'
108.
Post 2051934 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.56h):
lol no
109.
Post 2052169 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.56h):
Sorry it a bit OT, but thought you might want to see a pic of the Beijing HQ of the People's Daily newspaper ...
I think they win this battle of 'who's got the biggest one'
Or maybe it's a rocket
110.
Post 2053345 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.56h):
China to the rescue!
How does that saying go about ... something about bulls and china shops ... doesn't end well
111.
Post 2059043 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.57h):
Next break downwards imminent ...
112.
Post 2059163 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.57h):
Next break downwards imminent ...
How did you tell that or was it just lucky timing?
From the charts ...
Volume was really low and we had just reached the end of a triangle on the 15 min chart and peeked out the bottom
113.
Post 2059304 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.57h):
Next break downwards imminent ...
How did you tell that or was it just lucky timing?
From the charts ...
Volume was really low and we had just reached the end of a triangle on the 15 min chart and peeked out the bottom
Well for second time this morning I've bought back at $107.42 after selling at $109.5
I've 108 Bitcoin listed at $109.59 again
Based on your charts, do you think I will get lucky a third time?
If you get chance to sell there again
114.
Post 2059539 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.57h):
Bounce back to 110 in 3 , 2 , 1 ...
Nice try
115.
Post 2060444 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.57h):
I think now it is inevitable..the pressure is huge....i have been patiently waiting to buy so i am hoping.
see what I mean?
hope and expectations ...
and also past experience....there is no way just because of china that the price should have gone up so quickly other than manipulation.
the bulls were played this weekend.
Indeed ... that's the biggest story of the week so far lol
Oooh ... here she blows ... first test of $100 on the way ...
116.
Post 2060570 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.57h):
Here we go?
I think so ... volume is increasing aswell
117.
Post 2060647 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.57h):
an interview with Mark Karpeles a while back? Wasn't he sitting on a yoga ball?
...which really undermined his authority on so many levels.
Could only have gone worse if he had actually rolled of the ball in slow motion
Slowly rotating out of view of the camera ... lol
The animated gif woulda gone viral ...
118.
Post 2060676 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.57h):
I was thinking about the guy that did the market buy from 78 to 91 a few days ago. That was what, 50kBTC? Will he do a market sell today?
:|
That sir, might be read as trying to induce a bit of panic
119.
Post 2060690 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.57h):
So, the wall at $100 is legit. That's some news indeed
Don't worry ...
Baby bear is calling for daddy bear
120.
Post 2060946 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.57h):
I think we have seen the low for the next couple of hours at least ...
121.
Post 2062371 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.57h):
What. Out of all possibilities a few hours ago, this one seemed the most unlikely.
Tell me about it. I sold at 98.99 with a buy order at 97.89. Looks like I will be taking a loss on that position.
Mate, I do small margins trade often but it's nowhere near the quantities you are trading with. With all due respect, I don't think you are doing it on good way and it looks to me you're set to lose lot of money at some time. It's just not right thing to trade 100 coins at 1% margin, you're going to get burned soon or later.
It's as friendly advice as it could be.
And with the commission fee of 1%, he hardly can make any profit...
He has smaller fees with trading 100 coins all the time but it's still too small margin for such quantity.
What I really don't understand about peoples trading strategies here is that there seems to be a bias towards running losses and taking really small profits. That is the opposite of my perception of a successful strategy.
Get out of your losers quickly and run the winners as long as you dare IMO
Whatever your intended profit is, the stop loss should be considerably less than that.
Anyone agree with this ?
122.
Post 2063300 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.57h):
Zuckerberg Palihapitiya says people will get bored of Facebook if they don't bring new ideas like bringing Bitcoin to FB
Bitcoin invested Venture Capitalist says ...
123.
Post 2063484 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.57h):
Yup. I'm watching these triangles form and agree that they forecast some further consolidation followed by the start/continuation of the next trend
Exciting times coming
124.
Post 2063802 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.57h):
Movement is coming
Yup
Roll up, roll up, ladies and gentlemen, place your bets !
125.
Post 2063934 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.57h):
Retest of the $110 soon?
I think so
126.
Post 2063994 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.57h):
Retest of the $110 soon?
I think so
we will hit 126 and fly away
You need to change your avatar ... penguins can't fly
127.
Post 2064066 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.57h):
Retest of the $110 soon?
I think so
we will hit 126 and fly away
You need to change your avatar ... penguins can't fly
They can, provided there's enough ooomph in the cannon
Like this ?
https://www.youtube.com/watch?v=XTM0L9aMenU
128.
Post 2064085 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.57h):
Retest of the $110 soon?
I think so
We'll peak around $114.
Seems like a good target
129.
Post 2064554 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.57h):
my wife just bought into a pyramid scheme shes going to make $$$
HAHAHAHAHAHAHAHAHA
anyone need cleaning products?
Does she accept Bitcoin ?
130.
Post 2064650 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.57h):
my wife just bought into a pyramid scheme shes going to make $$$
HAHAHAHAHAHAHAHAHA
anyone need cleaning products?
Does she accept Bitcoin ?
yes!
Great ! This wash, rinse, repeat cycle might feel better with some softener
131.
Post 2065016 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.57h):
Finally Chinese Fiat has arrived!
I am a big buyer
She is lovely
132.
Post 2065078 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.57h):
I am a big buyer
She is lovely
Sadly is seems the chinese fiat has left as quickly as it came.
I'm not after their fiat
133.
Post 2065129 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.57h):
Hahahahaha Adam
Saw that one coming !!
134.
Post 2066435 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.57h):
not really, I still have the same financial value when they return to the price I bought at. AFTER that, I will sell them.
The 'ever and ever' bit was just humour.
Same story over and over ... its not a loss if I own a coin ... I just don't get it ... its totally irrational thinking IMO
Cut your losses quick, run your profits as far as you can
That is how to make money trading
Or are you an investor looking to $ average over time ... in which case, fair enough. But that's not trading ...
Quite happy with buying at $100.1 and selling at $111.5 on bitstamp today ... a good day
I have bad days too - I am not scared to take a loss if I get in at the wrong point ... that way you live to fight another day
IMO you are dead in the long run if you can't cut a wrong trade and run a right one
135.
Post 2066488 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.57h):
not really, I still have the same financial value when they return to the price I bought at. AFTER that, I will sell them.
That's exactly cutting your profits and accumulating your losses.
Yup
So many times on this thread I hear the same story of people running a position $10 offside when they were aiming for a $2 profit ... that's INSANE
136.
Post 2066612 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.57h):
I have just bought the BTC at $112.5, it's not worth cutting my losses at $110
I really don't think it will drop much below $110 again any time soon, so I'd rather not risk it.
Hope you don't mind the edit
That's fair enough ... so long as you have a level in mind at which you would cut IMO ... cutting for much under $2 would also be a pretty bad strategy with this much volatility. It ain't easy, that's for sure ...
Good luck to you
137.
Post 2066699 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.57h):
lol, I hope not!
I am making mistakes, yes, and I know it - but every one I do, I learn from.
Not too well, I know, but I am learning.
I too, want a pink Rolls Royce one of these days
Very impressed by your determination and honesty. A lot of BS fills this sub-forum it's cool to hear from a regular guy trying to make some money. Don't worry about not being an expert, no one really has a clue where BTC is going. The more you trade, the more you watch, you do get a feel for it. Opportunities come all the time. Don't force it if you just miss one.
Wise words indeed
And +1 re the honesty and determination
138.
Post 2085124 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.57h):
Does everyone around here have tunnel vision?
All I see is walls ... does that count ?
This is like the Christmas day truce in World War 1 ... the bulls and bears have agreed to lay down their weapons and play football for a couple of days. Nice. Very civilised.
139.
Post 2087905 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.57h):
Someone needs to check Bitcoin still has a pulse ...
140.
Post 2089312 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.57h):
what to do while waiting for some movement
http://www.liteforex.com/thats right, Speculate on other things, with your bitcoins!
so what's a good short term investment right now?
Sell JPY vs USD - Japan is printing faster than the US and will continue to do so
Sell GBP vs USD - UK economy worse than US IMO
Both medium term rather than short term I guess ...
For a fast buck try cleaning product pyramid schemes
Or have a punt on TPTB giving gold another solid whack now it has nearly recovered to $1500
141.
Post 2089457 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.57h):
Sell GBP vs USD - UK economy worse than US IMO
It's worse than Zimbabwe's economy - you should try living here!
I do
Only added the IMO as I don't want to get into a debate about it !
142.
Post 2089502 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.57h):
C'mon Bitcoin! This is boring!
Sell some Bitcoin straddles ... that should keep the juices flowing
143.
Post 2097934 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.57h):
Hey Bears! *knock knock*
Is it just me or does it look like rpietila flying through the door of the plush hotel ?
144.
Post 2099319 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.58h):
Here is the next triangle.
Uh, no.
145.
Post 2100055 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.58h):
i have started my dump
...
Are you gonna need help wiping afterwards?
the guy us shorting with 4:1 leverage at plus500, you can be bearish, but that's some special Olympics shit, totally beyond foolishness
He's FOS ... the dump could take a while
You can't short with 4:1 leverage on plus500 ... the best you can manage is 35%, so less than 3:1
That's 25% Initial Margin + 10% Variation Margin
And you would be a fool to only put the minimum margin amount IMO in case you miss that margin call. So 2:1 is about as high as any rational person would go on this platform. 4:1 is not achievable.
He is either lying or does not have a clue what he is actually doing. Either way he is already on my ignore list
146.
Post 2100344 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.58h):
Must admit, I am a bit surprised ... expected a bit more follow through and volume on this breakout
Don't know what, if anything to read into that other than that my expectations were wrong
147.
Post 2111160 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.58h):
If it does not go back down I will not buy in ... it just seems too risky for me at this price whatever anyone wants to say about fundamentals, future growth etc ... I just can't bring myself to do it. If I miss the opportunity to ride the train so be it ... worse things have already happened in my life.
Some will likely chase it if it goes up
Some, like me, will simply walk away
I don't see it as a given that all the money sitting at lower levels will invest at higher levels if we don't go down - some of it is sitting there because it that is where it feels comfortable. A lot of the smart money won't chase the train IMO ... it is generally more disciplined than that (I do not by inference mean to classify myself as smart money
)
And I still see the potential for more early adopters to take some cash off the table for a very good profit at these levels and lower
An as yet unknown external shock, positive or negative, may determine the outcome
Slightly contrarian, not trying to scare anyone, just giving the opinion of someone who is new to Bitcoin (about 6 weeks of exposure) and thinking about not jumping on board unless we go down significantly from here.
Until there is more utility it is purely a speculative investment as far as I can tell. These things will come I am sure. Well, everyone says they will. But until then, it caries a very large 'Caveat Emptor' tag, which for me means I don't want to invest at current levels.
That is not to say that I do not find the whole concept very interesting indeed
Time will tell ... I am as clueless about the future direction as everyone else
148.
Post 2111325 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.58h):
The idea that people are "slowly" fleeing the market and "slowly" panic selling and that it's just an extended collapse is turning into a bad punchline. The only people left saying that are people trying to get back in at a discount.
I agree with about the oxymoronic use of 'slow' panic
... that don't make much sense ...
However, I dont agree that anyone who wants to buy in at a lower level than this is trying to get in at a discount. There are a lot of assumptions in that. I know that is not exactly what you said, but similar things have been said by many people, so I am just pointing it out that it ain't necessarily so. I am sure there are people running round trying to scare people so they can buy cheaper something they believe to be worth more (I see them!). Some others amongst us just don't want to buy at these prices and see too much risk here and now.
149.
Post 2111496 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.58h):
I'm in the same exact boat. I have some Bitcoins now at ~90 and I thought that was high. I've got fiat on standby but I absolutely refuse to buy at these prices. And if it continues to rise, then Bitcoin is not for me (as far as trading goes) and I'll simply move to another crypto. I would guess this is a good portion of the sentiment of those on the sidelines. It's just getting to a price point where average traders are getting priced out.
I've seen all the $500, $1000 and even $300k coin statements. I truly hope that happens for people but if that's the case, who are these people paying $500-$300k per coin?
The sheeple ....
The ones that are the very last to buy once all technological barriers have been overcome, all governments have been dissolved or have approved it, all transfer to fiat fees have been removed, and your grandma can use it while knitting you a pair of socks.
At the moment it is way too complex and immature for anything close to mass adoption IMO. The best that could be hoped for would be saturation of 'the above-average intelligece, relatively computer literate, high risk apetite with libertarian tendencies' group. Still quite large, but very definitely a minority group. To expand past this, things have to change a lot, which is lucky, as it gives time to get better infrastructure in place
150.
Post 2111572 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.58h):
I'm actually quite fine with the price being stable around 115-120, now you can finally actually pay for things using Bitcoin without worrying about the price fluctuating so much. Yesterday I paid for the Humble Bundle using Bitcoin, then I bought coffee and now I was just about to re-new my server subscription and what do I see?
It's....it's beautiful!
That's great ... you are actually spending your Bitcoins ... most people seem to only want to hold them til they reach the moon
And the 3% discount is great ... should probably cover all the slippage involved in buying Bitcoins in the first place
These obstacles need to be removed ...
151.
Post 2111638 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.58h):
If it does not go back down I will not buy in ... it just seems too risky for me at this price whatever anyone wants to say about fundamentals, future growth etc ... I just can't bring myself to do it. If I miss the opportunity to ride the train so be it ... worse things have already happened in my life.
This is pretty much exactly what I told my girlfriend when she finally asked why she wasn't getting hourly bitcoin updates anymore!
Though obviously, her eyes had glazed over before I finished the first sentence...
Lol ... you are lucky she's stuck around this long ...
Not now baby ... Bitcoins going crazy
No I can't wash the car ... I've got to watch the price
Damn missed it again ... you should have seen the price action
etc
etc
152.
Post 2111881 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.58h):
I don't want ANYONE to lose. This whole convo is simply a glimpse of the sentiment of some not buying or waiting for lower prices.
Unfortunately I think that is the least likely outcome
But yes, the convo is a bit of the other side of why some of us are not buying now. A lot of people have been speculating as to why some may or may not buy, and that we would all chase after the train if we rally from here. Been hearing a lot of that the last few days.
153.
Post 2112130 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.58h):
I don't want ANYONE to lose. This whole convo is simply a glimpse of the sentiment of some not buying or waiting for lower prices.
Unfortunately I think that is the least likely outcome
But yes, the convo is a bit of the other side of why some of us are not buying now. A lot of people have been speculating as to why some may or may not buy, and that we would all chase after the train if we rally from here. Been hearing a lot of that the last few days.
1. because big players created feeling of fear and pain by pumping and dumping.
2. they will collect cheap coins now. No one was willing to sell before :-)
yes, but also irritated and disillusioned by the market for being so very easily led.
I am disillusioned by just how much manipulation is going on ... it has not cost me anything, but it gives me less faith in Bitcoin and raises the risk premium
Seems to me that hypothetically if fiat was replaced with Bitcoin we would just we changing one set of masters for another. And I am not yet convinced that these new ones would be any better.
154.
Post 2112287 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.58h):
I am disillusioned by just how much manipulation is going on ... it has not cost me anything, but it gives me less faith in Bitcoin and raises the risk premium
what do you expect from an unregulated market populated with a fairly large number of intelligent members? EDIT - I mean: populated by a decent demographic of early adopters with large number of coins, who, if they decided they wanted to manipulate the market probably have the brains and the skills to do so.
how much manipulation do you think goes on in regulated markets?
Fully aware of the manipulation in 'regulated' markets ... took a while to learn enough to understand that the dynamics of Bitcoin were at least as bad
155.
Post 2112522 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.58h):
I am disillusioned by just how much manipulation is going on ... it has not cost me anything, but it gives me less faith in Bitcoin and raises the risk premium
what do you expect from an unregulated market populated with a fairly large number of intelligent members? EDIT - I mean: populated by a decent demographic of early adopters with large number of coins, who, if they decided they wanted to manipulate the market probably have the brains and the skills to do so.
how much manipulation do you think goes on in regulated markets?
Fully aware of the manipulation in regulated markets ... took a while to learn enough to understand that the dynamics of Bitcoin were at least as bad
lol, are you different ? Do you want to buy high and sell low ?
1. if you believe in Bitcoin buy and hold.
2. if you want more btc/usd then trade but some win and other must lose.
3. wait until price rise high enough and will be stable and hard to manipulate it ( maybe 5-10 years )
Like I said, it gives me less faith in Bitcoin ... that's all
Also not convinced that a higher price means stability and less manipulation. As I see it, it assumes that the biggest players significantly reduce the number of Bitcoins they hold. Why do that if you can keep manipulating the market with them ? Why not just cash out a small amount as the price rises and keep playing the same game ?
156.
Post 2112726 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.58h):
4. Wait for a price drop to justify buying in, or else leave it behind.
^^ This
As I said in my original post re my sentiments right now
157.
Post 2112898 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.58h):
In a bubble collapse, there are often bag holders who are wary to sell at a big loss so hang on for a while and those who attempt to double-down. I got involved in one once (on the advice of someone else. I should have known better) and watched as it took about four months for my shares to drop from 40c to 1c or so after the bust.
I don't think that's what's happening with Bitcoin at all but it's simply not necessarily the case that the deflation after a bubble burst is all that quick.
I think you are pointing out the difference between 'panic' and 'hold and hope' ... quick vs slow deflation being the differing outcomes. No idea how this applies to Bitcoin right now, but I agree with the point you are making
The point is to get the cheapest coins possible in a certain time frame. But in absolute terms, $115 coins is super cheap. If you really believe that these are expensive coins, it can only be because you think that Bitcoin will never develop further potential - this was its peak in use.
ATM, that looks as a foolish statement - if you really understand Bitcoin, you will see that you really cannot afford to lose the opportunity to invest in it.
Like I said, if I miss the train, I'm cool with that ... extrapolate it as you wish and read into it what you will. Those are your thoughts, beliefs and statements, not mine.
Right now I wait ...
158.
Post 2113026 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.58h):
In a bubble collapse, there are often bag holders who are wary to sell at a big loss so hang on for a while and those who attempt to double-down. I got involved in one once (on the advice of someone else. I should have known better) and watched as it took about four months for my shares to drop from 40c to 1c or so after the bust.
I don't think that's what's happening with Bitcoin at all but it's simply not necessarily the case that the deflation after a bubble burst is all that quick.
I think you are pointing out the difference between 'panic' and 'hold and hope' ... quick vs slow deflation being the differing outcomes. No idea how this applies to Bitcoin right now, but I agree with the point you are making
I don't think it really does. This was a no-hope company with not really much going for it. I knew the mechanics of a pump & dump but thought my friend knew what he was talking about. I held because I was mentally incapable of locking-in my losses. Now it's not even worth my time to sell what I have. Bitcoin is pretty solid under the hood (in my opinion) and I'm holding less for the chance to "cash out" in the future but more because I believe it will be expensive to "cash in" once the full potential starts unfolding.
If/when CryptoCurrency becomes, stable, reliable and a way of life, all that would have been missed would be an opportunity to make money on the way there if Bitcoin is the winner.
Ultimately it's about utility, not profit, and if/when it gets there, there would be nothing lost ... it would be a way of life.
159.
Post 2113205 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.58h):
another false breakout eminent?
Not sure if "false" breakout is the best way to describe it, but yes, I expect price to go up somewhat shortly, oscillators say we're pretty oversold.
who said up? altough mid-term bullish (long term i hope people wont need no more money) originally I expected a false breakout downwards before going up ...
now, as price did not establish above 120 due to low volume there is even more chance of a down swing ...
we shall see and act accordingly ...
^^ this ... perhaps
160.
Post 2113901 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.58h):
Reading many of these comments just reminds me of the blind, ideological and delusional thinking of the Napster cults. Faith is necessary I get that but some of this stuff is just craziness. The more I read these forums, the shorter Bitcoins lifespan becomes to me. I''m currently at 2 years tops. That's not because Bitcoin is not awesome, it's simply that too many people behind it are irrational and lack common sense and logic.
I plan to make as much as I can off of it while I can, but my sights are already set on the "iTunes" of crypto.
what I'd like to know is as infrastructure does develop, who of the early adopters holding larger amounts of coins will actively invest their own profits, fiat or bitcoin into developing it further, and how many will just wait and see, while hoping to grow "richer". How many will just simply wait to "make as much of it as (they) can"...
I don't know much about ideological Napster cults, but I do know that they were onto something.
What bitcoin seems to be teaching the world is not "craziness", but yes, if it's not developed, and early adopters and those hoarding lots of coins do not actively participate in engaging with developing it's utility and infrastructure I can see it not lasting.
I know next to nothing about programming but I sense that it all needs a fair bit of work but this is not impossible.
What would be interesting to see is that if it does only last "2 years", how the bitcoin will exchange, transfer or find new uses around that -end of lifespan- ... it's not like it can just drop dead.
For success IMO, big hoarders, over time, need to reduce their holdings so that it can become universally held. I am not saying they need to do it now at this price, just that for future stability, the influence of any one holder or collective must be reduced. Wasn't that the agenda ? A global decentralised 'currency' not subject to the whims of TPTB ? Or is the agenda to become the new PTB and control the new currency ?
The first can work ... the second will not IMO. I will go as far as to say I hope the second does not work
Does not really matter so much if they actively invest their profits in improving infrastructure ... it will be done if enough others are incentivised by having a piece of the pie and a shared vision.
161.
Post 2113915 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.58h):
it only takes a few dictators to use it to avoid confiscation and the value will shoot to well over $10,000 per coin.
Concrete example: Hosni Mubarak had $70 billion confiscated when he lost power. If he had been able to get even a quarter of that into Bitcoin, it would still be his and Bitcoin would be worth over $20,000 each.
So hang in there - this idea has more potential for massive gains than any other investment opportunity around today.
That is the worst advert I ever heard for Bitcoin
"Roll up, roll up, profit from dictatorship here!"
I would rather be poor in your terms
162.
Post 2149262 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.58h):
163.
Post 2149372 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.58h):
I keep on wondering whether all these buys are due to bottom-catchers fishing cheap coins or due to people scared by DHS news converting their fiat to coins and moving them out of Gox in a hurry...
^^ this
As usual time will tell ...
164.
Post 2149477 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.58h):
Is there some up to date TA on this ?
Get your crayons out boys
165.
Post 2149538 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.58h):
I keep on wondering whether all these buys are due to bottom-catchers fishing cheap coins or due to people scared by DHS news converting their fiat to coins and moving them out of Gox in a hurry...
Thinking about this a bit more, I can see early adopters doing this ... people who are already comfortable moving coins around
I think new money is less likely to do so and it will probably take longer for the news to filter through to them in any case
Just my thoughts ...
166.
Post 2149710 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.58h):
Can't believe any of you have still not 'ignored' fourkey ... please stop quoting him
167.
Post 2149757 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.58h):
Trading below $110 on Bitstamp ...
Suggests to me some people are using up fiat on Gox
EDIT : $108 just traded
168.
Post 2149811 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.58h):
Trading below $110 on Bitstamp ...
Suggests to me some people are using up fiat on Gox
It's just one person with a big stack of btc constantly undercutting others. He wants to cash out asap it seems.. he might get burned I think.
Fuck me he's panicking ... offering at $106 now
Frozenlock, I did not understand your chart ... can you explain it please
169.
Post 2149892 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.58h):
Relatively big coins movement in the last hour and a half.
Dammit ... when do we get the internet sarcasm font ?
Thanks
170.
Post 2150035 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.58h):
Below $105 on Bitstamp ...
171.
Post 2150178 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.58h):
Don't expect the imminent bounce back this time..
Slightly confused by this statement
172.
Post 2150270 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.58h):
Don't expect the imminent bounce back this time..
Slightly confused by this statement
what? no thats crazy bitcoin ALWAYS bounces back
It's illogical Captain ... I am told not to expect something that is imminent ... but I was just told it was imminent <scratches head>
173.
Post 2150926 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.58h):
shit I came too late,
what happened to nice stability, I don't want to search through last ten pages?
We had some bad news or just pumpndump?
could somebody give short feedback?
just read some dwollathingyproblem...
SWAT team smashed their way into Gox and knocked everyone off their rubber balls
174.
Post 2151264 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.58h):
Might be stating the obvious, but I can't see quite so many Venture Capitalists queueing up to invest in BTC infrastructure after this
BTC yes, Homeland Security no
Nice timing in the middle of the conference ... coincidence ? Who knows ...
175.
Post 2173527 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.59h):
I have heard before that bids can be put in without sufficient funds in the account
I'm not sure if those orders appeared in the order book or if it was something account internal, but I think you refer to this:
I was actually referring to comments about lag being caused by the trading engine having to check funds. I don't know at which stage of the process this was occurring and am not trying to spread any FUD. It was discussed here and someone probably knows the answer better than me
176.
Post 2173775 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.59h):
It's pure Gox-comedy that this was ever possible in the first place
...
"Until now you could just pretend you had money or coins and place orders ..."
Bitstamp (rightly) won't let you do this. I'd be surprised if there are many exchanges on which this was ever possible. OK ... you can list something on Ebay that you don't have, but that's a bit different ...
177.
Post 2173787 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.59h):
Bitstamp! Don't tell me your down now...
y u do this
Up 4 me
178.
Post 2174150 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.59h):
It's pure Gox-comedy that this was ever possible in the first place
...
"Until now you could just pretend you had money or coins and place orders ..."
Bitstamp (rightly) won't let you do this. I'd be surprised if there are many exchanges on which this was ever possible. OK ... you can list something on Ebay that you don't have, but that's a bit different ...
The unfunded orders wouldn't show up in the public order book. Just on your account with an insufficient funds error. It was nice because if you only had one currency you could place a bid and an ask. When the funded order filled your other order would activate. Easy enough to script and not worth the performance hit though, so I support the move.
Thanks for the clarification
179.
Post 2174473 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_10.59h):
price difference between Gox and other exchanges is still higher than usual.
No doubt there are excellent news today and further rises are to be expected due to the conference in the next 3 days.
But also I think the Gox price rise is driven by people clearing their fiat on Gox by buying BTCs and withdrawing them the f# out.
Thoughts?
Agree with the reasons for price differential. Remains to be seen how quickly the other exchanges can expand to cope with the increased volumes if business is truly moving away from Gox
Short term, IMO up more likely than down on Gox for the reasons you state. The 'real' price is probably the mid point between Gox and the rest and perhaps this is the best guage of sentiment.
As of now stable ... the differential is not so large as to imply any sort of panic.
EDIT : Some risk that this is artificially inflating the price in the short term
180.
Post 2236640 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.00h):
I couldn't help notice the following statement: "I could careless what people on these boards think"
1st observation: it's care less not careless
2nd observation: if you don't care what people think, then why are you posting on a forum? I mean, it's not like you're here to people watch... :/
just saying...
An observation
If you're going to be a pedant at least get it right ...
Its 'I couldn't care less'
2nd 'observation' of yours makes no sense to me ... people have a multitiude of reasons for reading and posting on forums
Just saying
181.
Post 2317194 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.01h):
Account verifications it's a bad joke.
When I worked with epassporte I made a debit card with my cat name on it. Same with my LR account (I had 50 cents there , damn FBI).
Funny !
182.
Post 2317353 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.01h):
I my country they found out that a homeless person was the owner of 54 companies dealing with millions in insurances. Same for a 80 gradma.
It's pretty cheap and easy to get same real id's , less than 50 euros.
Yes, but if you give to Gox a fake ID, then you're responsible for reliability of your personal data, not Gox.
Without verification Gox is responsible for it.
So, this is good news. Choo choo!
Re responsibility, is this based on fact or is this an assumption ?
183.
Post 2317432 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.01h):
For people in US who withdraw amounts in USD maybe its an inconvenience but for pllain bitcoin transactions you dont need the ID verification.. so it doesnt realy matter for non US residents i guess..
As I read it it applies to ANY cash transfer to ANY country, so it will likely cause 'some' inconvenience in the short term
Gox is an exchange ... fiat is one half of every transaction, so the fact that it 'at present' does not apply to BTC transactions is kind of irrelevant, unless you have BTC on there you want to move off, or want to sell BTC and leave all of your fiat there. Other than that, you need to transfer fiat onto or off of the exchange.
I agree, it is an attempt by Gox to clean up the exchange a bit to appease the authorities. How successful it will be and who holds the can at the end of the day remains to be seen ...
184.
Post 2317453 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.01h):
Re responsibility, is this based on fact or is this an assumption ?
Actually assumption (because I don't know real laws about it), but I know a lot of cases where governments are OK with banks and companies who require verification of customers.
I always thought 'Know Your Customer' was the Bank's responsibility at the end of the day. I guess it depends who you piss off/pay off.
185.
Post 2320215 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.01h):
Even I'm getting fed up with ChartBuddy right now. Though I'd still like interesting changes to be included. Anyone got any good ideas on what would make a chart worthy of posting in the thread? Bear in mind that Chartbuddy actually isn't aware of the price (Though possibly he should be).
I suggested just showing the change in orderbook entries instead of the raw data.
But he's not hearing it.
A bit passive aggressive that ChartBuddy I reckon ...
186.
Post 2321786 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.01h):
interestingly that doesn't seem to generate the same amount of outburst as the pig vs. chainsaw gif I posted.
Got the fastest 'Ignore' ever from me ...
187.
Post 2322930 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.01h):
No fear until $125 is broken
It can go to 125 , 115 and even to 100. Why fearing such drop?
Nothing chages the big picture.
That ancient aliens created Bitcoin?
One rule of the trade is not to smoke your own merchandise... how often do you break it?
kiddin:)
Does eating it count?
That would definitely add a whole new dimension to waching these red and green candles
188.
Post 2330073 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.01h):
My speculation for the next few days - a slow rise back up to just above 130, followed by a large dump and drop down to 126/127
WOW ... better buckle up and take some motion-sickness pills before THAT wild ride
189.
Post 2332994 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.01h):
is it possible to post this image only once per day because of slow payable internet connectin?
my god sell some bitcoin and upgrade!
What are you upgrading with your newly acquired fiat Adam ?
190.
Post 2333465 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.01h):
Well that was an interesting market closing.
My interpretation: "Run for cover!!!!"
Yeah, the markets don't feel right - really soggy. Watch USD/JPY ... if it breaks 100 it's a big 'risk off' moment IMO. Many hedge funds are the wrong side of this Nikkei correction <cough> and a lot of their positions are funded with yen. Losses = pay back Yen. And epic fail for 'Abenomics' if Yen strengthens and Nikkei slides more . They seem to be moving in exactly this way right now ... the opposite of the last 6 months. Something ain't right ...
Bilderburg meeting next week ... should be interesting to see what they cook up this time
Hope you find a nice new wallet Adam
191.
Post 2333914 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.01h):
it looks like 8k isn't enough, the hammer will not work
we need more go 15k
You hear that great manipulator? We want a 15k wall! Do it!
Its Adam ... he wants a diamond encrusted wallet
192.
Post 2334062 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.01h):
I get the distinct impression that this is a meta-wall, meaning it appears as from somebody pushing the market in the opposite direction of the sediment in the wall observer thread.
They are observing back!
... it's a 'Wall Observer' Observer Bot
George Orwell eat your heart out
193.
Post 2334071 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.01h):
I get the distinct impression that this is a meta-wall, meaning it appears as from somebody pushing the market in the opposite direction of the sediment in the wall observer thread.
They are observing back!
So they know we would interpret this as bearish, while in fact they are bullish?
But what if they also though we would think about that?
Shhhh ... we're being watched ... disinformation time ...
Oh, wait ... that's what this thread is
The bot is fucked
Dammit ... it probably knows that
Shit, this is getting complicated ...
194.
Post 2334417 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.01h):
We are but mere plankton in whalezilla's world ...
195.
Post 2334492 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.01h):
If you want something really creative to watch, listen to and chill to while we wait, check this out ... layer upon layer of beautiful sound
http://www.youtube.com/watch?v=JrJVUsnsimw
196.
Post 2334571 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.01h):
We are but mere plankton in whalezilla's world ...
Whalezillas only eat Mothrankton.
lol
Mothrankton - a strange organism uncontrollably drawn to green and red candles
197.
Post 2334775 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.01h):
Speculate:
What's wollzilla's intention?
Prop the price up so he can dump and run?
Or just a desperate bull?
Occam's razor
Occam's razor says someone wants to buy 8000 BTC and there is no 'wollzilla' ... he is a figment of our vivid imaginations
Hmmm ...
198.
Post 2334793 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.01h):
LOL. A million comes into the order book and a million dollar wall goes up. Noob alert?
Didn't say I believed that explanation, just that it was the simplest, as per Occam's Razor
Stand down noob assault team
199.
Post 2334900 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.01h):
If that wall goes down and someone dumps we may see 120 fall, especially if everyone buying at 129+ capitulates. All the depth on the bid side above the wall is pretty much insignificant bot spam.
Yup, lots of REALLY COURAGEOUS bot spammers
What are noticeably absent are the 'offer minus a cent' 0.01 bid bots ...
200.
Post 2334928 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.01h):
Dude, you're gonna be famous one day ... don't know what for yet, but make it special
201.
Post 2334951 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.01h):
If that wall goes down and someone dumps we may see 120 fall, especially if everyone buying at 129+ capitulates. All the depth on the bid side above the wall is pretty much insignificant bot spam.
Yup, lots of REALLY COURAGEOUS bot spammers
What are noticeably absent are the 'offer minus a cent' 0.01 bid bots ...
If I was going to trigger vol by putting up false walls, the first thing I would do is turn off my bots.
I think we are dealing with 2 separate species here ... IMO anyone who puts up an 8K bid does not piss about with buying and selling .01 coins at a time. I am referring to the interesting absence of the lower life-form that does not feel confident enough to really lean on this wall.
202.
Post 2335053 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.01h):
I have now a new avatar image
Go on then ... we're waiting
EDIT
Lol
I see it ... you are a man of many talents !
Can you do one at a time ?
203.
Post 2335088 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.01h):
If you think the wall is fake, go ahead and show us. Sell into it.
Dude, if I had more than 8000 coins/$1m to play with, I would not be sitting here right now
204.
Post 2335254 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.01h):
Finally .. a triangle ... Frozenlock's Avatar was starting to freak me out
205.
Post 2336032 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.01h):
Wallzilla killed the volume.
I'm really curious as to why there's a wall in many currencies.
Wall is gone - sell sell selll
Uh? I still see it.
Me too
Sell anyway
206.
Post 2336183 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.01h):
LOL. A million comes into the order book and a million dollar wall goes up. Noob alert?
Didn't say I believed that explanation, just that it was the simplest, as per Occam's Razor
Stand down noob assault team
Just meant nothing is more noob than wiring 1 mega to mtgox then putting up a bid wall like that. I guess he could of just plunked it into the ask wall.....now that would of been cool.
Aaah ... no worries
Multi currency, co-ordinated support - can only mean one thing ... Uncle Ben is coming to the rescue ...
The Fed is adopting BTC as their new reserve currency
207.
Post 2351944 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.01h):
IN case you have not noticed, we are now on page 666 of this thread ...
This is The Devil's work I say, The Devil ...
208.
Post 2351982 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.01h):
Uh, I hear Proudhon's words "long downward slide" echoing in my head. Don't like it.
Long downward slide into
BITCOIN HELL Muhahahahaha
209.
Post 2352013 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.01h):
LULZ !! How did this never make it to No 1 !
EDIT : LMAO ... my sides hurt !
210.
Post 2353465 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.01h):
What happened there ?
Someone wire their market making bot up the wrong way round ??
211.
Post 2353960 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.01h):
very interesting
so do I get the meanings of that article right (It's late, I'm half awake right now
):
Somebody who's mining btc and selling them via exchange is a money transmitter?
-> means that any miner (or at least mining pool) in US would need a license for that?
(if that's the case it would be a good strategy for US government to grab the bull by the balls and not by the horns)
It might look that way, but a miner who mines over an encrypted connection and sells the coins via in-person or on the web OTC - times several thousand - would be hard to grab by the balls. The only surefire way to do it is to attempt to fill OTC markets with federal agents, or start a "report your neighbour for bitcoin mining" program. Very expensive. Politically risky. Print more dollars to pay for it? Going after bitcoin like this would be SURE to jumpstart rapid-fire adoption.
Think of it like trying to go after individual bittorrent users; I know there are a lot more of those, but they don't even TRY for privacy. Bitcoin miners tend to know a little more about what they are doing. Catching thousands of miners who make a concerted effort to remain pseudonymous will take a LOT of money and man-hours. I'm not saying miners do this now (most don't) but if push came to shove... well, there's a profit to be had so they would make some changes. And, yes, a few of the lazy miners will get a friendly knock on the door from a federal marshal.
Much easier to just 'ask' those selling ASICs for a list of customers ...
212.
Post 2354040 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.01h):
so if they can't get get the miners they go for the mining rig producers, introducing fees or something?
(I'm still sure US gov not just wants more regulation but at least a small part of the cake too, they won't let that pot of btc just stand there and look how it's growing and devaluing their fiat)
Who knows ...
It's obviously very unclear at the moment and they are making it up as they go along. But IF they decide miners are 'money- transmitters' and need a license, then there is a very weak link in the chain of anonymity, and that is the producers.
Much the same as the exchanges ...
Time will tell
I certainly don't have the answer
213.
Post 2356925 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.01h):
Well, as far as I can tell, about the only thing that occured last night was Adam got drunk and stoned and kept quoting himself for hours
He probably did a bit of buying high and selling low too just for kicks
214.
Post 2359324 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.01h):
Nice to see you are back with us Adam ... did you have fun last night ?
215.
Post 2359345 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.01h):
hmmm , everyone is bearish , everyone is selling , nobody is buying....
price is going up..
BIG SECRET BELOW
don't trust people on forums
Sort of: Trust them to say the exact opposite of what they are doing. They are actually the best indicator of the opposite of what's going to happen.
^^ This ... mostly
216.
Post 2359361 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.01h):
Nice to see you are back with us Adam ... did you have fun last night
lol, ya then i tryed to go to bed and felt really sick... didn't puke, but maybe i should have.
I'm NEVER going to drink again
I think you puked all over this thread LOL
WTF is Nov 1st ??
217.
Post 2359390 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.01h):
Nice to see you are back with us Adam ... did you have fun last night
lol, ya then i tryed to go to bed and felt really sick... didn't puke, but maybe i should have.
I'm NEVER going to drink again
I think you puked all over this thread LOL
WTF is Nov 1st ??
shhh don't tell anyone about Nov 1st....
Cat's out of the bag now ...
Nov 1st ... just you wait and see (approx adam quote)
218.
Post 2367196 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.02h):
The last two times the graph looked like this, the price rallied.
When everyone panics --> price recovers.
When everyone says "rocket to the moon" --> price falls.
So I am not pleased with you promoting bullish sentiments.
Please go back panic with the others, or the party is over.
And one thing you can guarantee is that Jaroslaw shows up with that same image within a tick or two of the bottom ...
About the most reliable buying signal there is
219.
Post 2369554 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.02h):
Fuck, Jaroslaw just posted ... quick, buy everything you can
220.
Post 2369683 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.02h):
Fuck, Jaroslaw just posted ... quick, buy everything you can
Crap , somebody said buy , sell all you have
lol
221.
Post 2373086 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.02h):
Winter.
Obviously.
Watching too much Game of Thrones lately ?
+1 little 2 little 3 little starks left.
EDIT : Great episode ... nobody dies and they all live happily ever after ... except for the dragons
222.
Post 2373157 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.02h):
HEY, WTF???
No spoiler alert? I'm in Stockholm now, I did not have the chance to see the last Game Of Thrones chapter... And now you spoil it in the Wall Observer thread???
JEEEEEEEEEEZ, MAN
Sorry dude
Rapid post edit ...
Anyway ... how can you call yourself a true fan ... you've had 48 hours to download and watch it
223.
Post 2373199 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.02h):
EDIT: the WALL observers, isn't that ironic?
Yeah, I was like ... do I observe the wall or watch The Wall ... it was a tough choice
And I hope someone kills that little fucker Joffrey before this season ends ...
224.
Post 2378689 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.02h):
Hey guys
Would you mind 'snipping' your posts ... no problem with chit chat - as you say, there is nothing going on, but my scroll finger is getting tired
Glad you settled you differences
EDIT: I see a new dispute has arisen ... have fun
225.
Post 2379793 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.02h):
I thought this thread was about wall watching, not in-depth conversations about technical analysis. But maybe that was just me...
No ... its also about watching people banging their head against walls
Can't believe I stepped out for 2 hours and you guys are still at it ... get a room
Hey Rampion, wanna know what else happens in GofT ??
226.
Post 2379908 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.02h):
I thought this thread was about wall watching, not in-depth conversations about technical analysis. But maybe that was just me...
The beauty of this thread is that we make with it what we want. And we enjoy it. If you don't like it, that's why there is an ignore button. Just ignore the users who are not posting about "wall watching", and you are all set.
I just want to keep us on topic for everyone's benefit. I'd rather not ignore peope - maybe they'll have something useful to say in the future.
Anyway, just a suggestion folk - start a separate technical anal thread if you want to measure each other rulers.
OMG. People might actually learn something about the lines they're drawing all over the place.
Eventually everyone learns that they are pretty meaningless
227.
Post 2379947 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.02h):
Eventually everyone learns that they are pretty meaningless
True. It's good to have an idea
why they're meaningless though.
228.
Post 2379977 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.02h):
GUYS,GUYS, you're missing the action ... we just made a new 24 hour high ... 122.1
The rally is ON !
EDIT ... 122.5 !!
Let's talk about math, baby
Let's talk about math, baby
Lets talk about all the good and all the bad trigonometry
229.
Post 2380096 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.02h):
C'mon maths gurus ... which one of you finally ceded the point and decided the only thing to do was to buy more ?
Which line or angle was the final straw ?
230.
Post 2380124 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.02h):
Hilarious that everyone gets their feathers ruffled over a "bearish" chart. I don't put a lot of stock in charts at this point in the game but it isn't like his was unique. blockchained.com has a line that puts it around $60 right now (we can ignore the bit about difficulty):
Based on what parameters hey ? What assumptions have you made ? How dare you
231.
Post 2380133 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.02h):
You guys are entirely too excited about a 1k buy. 6 months ago we used to piss 1k buys around here.
lebing, we are taking the piss
sarc ... it might the last one you draw
232.
Post 2380464 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.02h):
You guys are entirely too excited about a 1k buy. 6 months ago we used to piss 1k buys around here.
lebing, we are taking the piss
sarc ... it might the last one you draw
that sounds like fighting talk, just wait there while I grab my pencils.
lol .. you'd better make sure they are sharp
233.
Post 2383203 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.02h):
What would be the point of that wall at 124 exactly?
It doesn't make much sense, most of the orders won't get filled unless the wall is broken through, and why would anyone want to sell at the beginning of a breakout?
Perhaps it's not the beginning of a breakout.....
If it did break $124, it would likely be a breakout. Otherwise it won't likely ever touch $124. Putting a sell order there is moot.
What are you all talking about ? There are 1000 coins sitting at $124 ... big deal ... and another 3000 to get there
Look at the order book ... there is no 'wall' ... there are a bunch of orders above and below current price that seem to balance quite nicely
Edit ... there are about 300 at $124 and about 800 at $123.9999 ...
234.
Post 2383443 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.02h):
Buy all the Bitcoins
You drunk again Adam ?
BTW I love that Argentina Bitcoin movie theme you posted ... soooo chill
For those that missed it ...
https://www.youtube.com/watch?v=E-OHvyMYX5o
235.
Post 2387470 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.02h):
[off topic]
has everybody seen this one already? Yes? No?
http://abstrusegoose.com/509[/off to... ahahaha, who am I kidding, EVERYTHING in here is off topic.
Not seen b4 ... very funny !!
236.
Post 2392024 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.02h):
Interesting ... this is the first time in a few days that that a 'sell-off' below 120 has stayed there for more than a few seconds ...
Where is the 'Invisible Hand' ??
237.
Post 2392066 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.02h):
Interesting ... this is the first time in a few days that that a 'sell-off' below 120 has stayed there for more than a few seconds ...
Where is the 'Invisible Hand' ??
aliens?
It's a good theory ... I like it ... alien abduction of a Bitcoin buyer for closer examination
Or maybe he fell asleep too
238.
Post 2392120 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.02h):
Interesting ... this is the first time in a few days that that a 'sell-off' below 120 has stayed there for more than a few seconds ...
Where is the 'Invisible Hand' ??
It's fuzzy, but the support is definitely there. Picture for Bitstamp.
BUT ... BUT ... BUT ... the line is horizontal ... how can that be ?
239.
Post 2392783 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.02h):
bitcoin is about to take a tumble?
I think so....
Any indicators?
yes .. he has been shorting again probably
i have not increased my short position, i am patiently waiting for the bottom, at which point i will cover my short, and launch some secret rockets
1st November, right ?!
240.
Post 2392961 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.02h):
Who let the bears out ?
C'mon ... own up ...
241.
Post 2393007 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.02h):
Ask sum higher than pre last drop.
Panic!
BUY BUY BUY ...SELL SELL SELL ... JUGGLE JUGGLE JUGGLE
242.
Post 2393229 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.02h):
This does look like a classic example of a bear trap, I don't think we're going anywhere. Perhaps we touch 117-118 and then move back to 120.
i think we are going to slowly dip below 115 and then start to pick up speed as we go lower
the bottom is only XX days away!
get your fait ready!
about 145 days, right
243.
Post 2393320 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.02h):
important redesign of the bitcoin growth plot
I warned you about this ... I'm off to fetch my compass
Jaroslaw is here ... quick ... BUY BUY BUY
244.
Post 2393435 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.02h):
Wee need reptelia guy with his unlimited money quick!
OR
He just commit suicide after losing his all bitcoins ?
Anyone ?
Cant find movie with him on liveleak
What was the story with him? I thought he just went a MORE crazy after the convention, AND he lost a lot of money in Bitcoins. NOT SURE HE IS SANE ENOUGH FOR supernode status.
FTFY
245.
Post 2393472 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.02h):
If you bears want to test 115 again you better bring some volume, because this is becoming kinda sad. Looks like all the big speculators already sold out at 130, now we have long term holders and early adopters left to push down the price...
sarc's got pencils and I've got a sharp compass ... that any good ?
I think he's also got one of those bendy rulers
246.
Post 2393527 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.02h):
10k ... puh ... mid morning snack
YUP ... going nowhere ... glued to our screens watching little red and green candles move occasionally
Got booze and fags though, so no worries there ...
247.
Post 2393648 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.02h):
to each their own
Indeed
248.
Post 2393873 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.02h):
10k ... puh ... mid morning snack
YUP ... going nowhere ... glued to our screens watching little red and green candles move occasionally
Got booze and fags though, so no worries there ...
You know this doesn't parse well here, across the pond
I thought things were getting risque for a second or so
What a man does in his own home and all that
249.
Post 2394835 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.02h):
Mexican Dwarf Toreador. Make of it what you will.
Isn't the 'bull' rather small too
More of a calf I think . A fair match ...
250.
Post 2394994 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.02h):
Liquidity has to grow A LOT. But the Bitcoin concept is so fascinating that a lot of people is putting a lot of work on it, and more clever people is getting hooked to it.
FTFY
What use is more infrastructure if everyone wants to hoard coins ?
251.
Post 2395372 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.02h):
The Silk Road talk is so '2011ish. Came on. People sees that there's much more in BTC, besides of the fact that real economy is still reduced and that it's very speculation driven.
This baby needs to grow a little bit, but it's unstoppable.
The question is why the f--k would I want to internationally transfer my money to Japan, wait 4 days, pay transfer fees, buy one bitcoin and then buy a service I could pay for instantly with paypal? The only reason to go through hassle of getting bitcoin is using silkroad. Please tell me, why else would I want to use bitcoin to buy something over using credit card or paypal.
It is a serious question, I expect a thought out answer.
Excluding political arguments, I see no reason right now. Hence most proponents are hoarding and waiting for the next bubble. And it will probably come. I am not a techy, but my limited understanding leads me to accept that the technology behind it is 'genius', but right now, as a currency ... meh ... it isn't one. It's a speculative investment. Nothing wrong with that ...
I think the SR argument is wearing a bit thin now though ... I do not believe that BTC would fail without SR
252.
Post 2395469 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.02h):
You are very mistaken if you think that Bitcoin is a micropayment network headed to compete with PayPal.
Bitcoin is not about that. It's about storing value in a decentralized, cash-like and trust-free way. It's the "decentralized, pseudo anonymous, gold-like cash of the Internet"
If you do not see the potential and the demand for that, think again.
I am not attacking, but if we replace the word 'value' with 'data' in that sentence and remove all references to 'cash' and 'gold' does that not open up a whole new world of possibilities, one of which involves money, and multiple others that place a value on the data stored.
I am relatively new to this and if my understanding is wrong, please correct me, but as I see it your statement is actually limiting the potential of the blockchain.
If on the other hand I am actually starting to 'see it', please confirm
253.
Post 2395505 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.02h):
Excluding political arguments, I see no reason right now. Hence most proponents are hoarding and waiting for the next bubble. And it will probably come. I am not a techy, but my limited understanding leads me to accept that the technology behind it is 'genius', but right now, as a currency ... meh ... it isn't one. It's a speculative investment. Nothing wrong with that ...
I think the SR argument is wearing a bit thin now though ... I do not believe that BTC would fail without SR
I agree that it would not fail, however without it it would be totally in speculators hands. I see no reason either. And I agree that next bubble will come. I hope for it as well of course. In other news: someone dumped
2.5k 5k BTC
It IS almost totally in speculators/innovators/early adopter's hands already ...
254.
Post 2395569 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.02h):
Excluding political arguments, I see no reason right now. Hence most proponents are hoarding and waiting for the next bubble. And it will probably come. I am not a techy, but my limited understanding leads me to accept that the technology behind it is 'genius', but right now, as a currency ... meh ... it isn't one. It's a speculative investment. Nothing wrong with that ...
I think the SR argument is wearing a bit thin now though ... I do not believe that BTC would fail without SR
I agree that it would not fail, however without it it would be totally in speculators hands. I see no reason either. And I agree that next bubble will come. I hope for it as well of course. In other news: someone dumped
2.5k 5k BTC
It IS almost totally in speculators/innovators/early adopter's hands already ...
Again, I agree. But it's nice knowing that there is one practical use for it, that will continue to be exist even if big money leaves.
Actually, it's currently sliding down their trouser legs
255.
Post 2395749 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.02h):
why else would I buy something using bitcoin instead of dollars?
Bitcoin is a deflationary currency. I bought coins back in 2011 and 2012, those have now massively increased in value. I'm kind of a minimalist so I don't buy much, but if I wanted to, I could now go to bitcoinstore.com or whatever and have purchasing power many times what I put in. So the first question to ask yourself is maybe, could it be worth buying bitcoin, and save them for later. So instead of buying the exact number you need to purchase something today, buy 10 times more than you need, or 100 times. And keep the money there for the day you will actually need it.
Yeah that's the point upon which we agree, it's a thing that could boom. Thing that I can sell 100 of in 10 years and get myself maybe a nice flat? I want to believe in that becuse, hell, who does not want to be rich
But otherwise its only
USE that does not involve unnecessary hassle is silkroad. For all other uses there are traditional methods.
Sorry, I don't agree that just because it has massively increased in value in 2 years, you can call it a deflationary currency ... it's still a penny stock, not a currency
A penny stock that is exchanged for fiat on a few exchanges and accepted as payment for goods in some other places and also has some great embedded functionality
256.
Post 2396036 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.02h):
Damnit, I stopped looking for 2 hours and I miss a move.
Don't worry, that was just the trailer ... grab your popcorn
257.
Post 2399878 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.02h):
Weeeeeeeeeeeeeeeeeeeeeeeeeeeee!!!
lol
258.
Post 2403825 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.02h):
That first one is doing it wrong .. BEARS ARE ONLY SUPPOSED TO SHIT IN THE WOODS
Dogs shit on footpaths !
259.
Post 2403973 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.02h):
A bear and a rabbit are shitting in the woods. The bear looks to the rabbit and says, "Hey, Mr. Rabbit. Do you have a problem with shit sticking to your fir?" The rabbit say, "No, not at all."
So the bear grabs the rabbit and wipes his ass with him.
Lol ... nice bit of bear humour ... must be time for a rally !
260.
Post 2404835 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.02h):
next stop 113
\
Fib?
stoner power
Where next maestro ?
261.
Post 2409850 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.03h):
EDIT: Yeah, some would like an immediate dump to $50 to buy cheaper, but is that really better for BTC than a slow(ish) decline like this, even if it takes weeks ?
I keep thinking about plasters. I don't like it, but I know that sucker's gotta come off.
The longer it stays inflated, the greater the long term hurt. IMHO.
Also, why let the whales cash out at your expense?
Well, we could crash to 50 then have another long slow slide. For BTC to be an attractive large investment, the future price target must be high above the current level. If those investors aren't buying in now, nothing says they will buy in at $50. And if you're looking for increased mass adoption, a dump to $50 at s time when it is difficult for them to transfer in money, will NOT have the punters queuing up to buy.
Agreed ... no guarantee of the bounce if we crashed as there would still likely be this 'overhang'. And it would likely put many people off.
Re investors, the biggest problem IMO is not price, it is liquidity. There is no out ... thats why we are experiencing what is happening now.
262.
Post 2409925 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.03h):
Apologies for posting this again. But it's to make the point that we could be a 1/3 of the way through (or more...) the post bubble correction - given how long it took to return to the underlying growth trend in 2011. People often described that as a long slow slide.
My guess is that once we're there, and the pain subsides (another 30 ish days on this chart in 2011), people will find the idea of their money growing exponentially quite attractive!
I tend to agree with you that we are in the now in long slow slide phase of bubble deflation (slow in Bitcoin terms could mean anything!)
Glad you apologised for the chart ... I have put my compass away
263.
Post 2410070 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.03h):
Eh so it seems that the smartest thing to do now is somehow forget about clarkmoody and come back in 3 months.
I challenge you to do that ! People talk about Bitcoins connection to drugs (yawn) ... the real drug is the Bitcoin price
264.
Post 2410102 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.03h):
Two possible bearish targets:
(the lower pink line is a parallel to the one connecting the tops)
FUCK ME ! And I thought I was bearish ...
265.
Post 2410209 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.03h):
This is what I think I know :
1) The blockchain essentially a decentralised, encrypted ledger
[...]
How am I doing so far ?
Not so well. Try again
If I remove the decentralised bit does it sound better ?
Clearly the blockchain is the blockchain ... saying it was decentralised was dumb. I intended to refer to the decentralised nature of the network supporting and processing it.
EDIT: I've just been advised that it is not encrypted either ... bit of a fail there ... more homework
Thanks zebedee ...
266.
Post 2410273 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.03h):
People who went "all in" at 50 do care.
If they are all in at $50 and scared of a crash then they are over extended and should reduce their exposure ... at a profit. What a terrible problem to be faced with
267.
Post 2410846 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.03h):
There she goes down. If we go down further I'd like to see HUGE volume so we get some kind of reversal signal showing support.
Yesterdays semi-hammer candle on moderate volume was definitely not it for me, though I thought we would go sideways for a week or so, which now doesn't look like it.
Yeah .. good old Bitcoin ... just when you think you know what will happen next, the game changes. May be a case of 'fool me once, shame one you, fool me twice, shame on me'. Everyone has seen the strategy at play here, so I think the game maybe just changed. I too expected small bounce and consolidation before the next leg down ... now I honestly have no idea.
It looks and feels really soggy, but you'd be a brave man to sell into this here unless you are cashing out.
268.
Post 2412086 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.03h):
Ok , I won't get it and I refuse to undestrand why bitcoin price has to go down in order to bounce back to 110+.
It's because it's total nonsense based on nothing.
Because we had a speculative bubble which made the price go x20 in 3 months. And speculative bubbles need to fully deflate before a sustainable growth trend is resumed.
Jeeez, guys, we where buying BTC at $14 in January. Chill out and let the motherfucker correct before it goes up again.
Well said ... except the buying at $14 bit ... wasn't around for that unfortunately
269.
Post 2412685 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.03h):
Speculators and traders thrive on volatility. Volatility is not good for bitcoin. Lack of volatility causes speculators to exit. Speculators exiting causes price to drop. Could be a good sign for the long-term health of bitcoin (I won't say "bullish").
Bitcoin needs to build fundamentals. That is what will drive its success.
I agree about the fundamentals, but not in whole about the role of speculators. Having a number of them there who are prepared to risk their own capital to provide liquidity is not such a bad thing.
270.
Post 2414289 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.03h):
Fake ... as the last poster points out the 'email' is dated Saturday 9th June 2013 ... today is Saturday 8th June
271.
Post 2414333 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.03h):
So are we back in rally mode then
272.
Post 2430444 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.03h):
Price plummeting as expected. The big buyers who propped the price up from $99 to $110 where kinda reckless - there's absolutely no buying pressure to support their move.
Now we have a mini-wall of aprox. $240k at $101. Lately we hadn't had much "fake walls" being pulled, both bid and asks have been pretty "honest" and they have been filled. Therefore, that mini-wall at $101 could slow the downtrend a bit. Anyhow, I really don't see the point of buying at $101, as there is absolutely no support around $100, apart from that mini-wall at $101. Next real support point at $90, and next crucial support at $80ish -> if that point is broken, $50 coins will be around the corner.
When you take out that 'reckless buy', TBH, there wasn't really that much volume in the rally. No volume at all in this downtick. I smell a short-term bear trap TBH unless someone really panics (or creates one)
I agree with you medium-term outlook, just think we will hang around a few days or longer before it plays out.
$88 - $110 was a pretty big move ... 25% ... pretty reasonable to have a pullback after that
273.
Post 2430571 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.03h):
you learn english sorry for advice
A мoжeт ты тoгдa pyccкий выyчишь, мyдилa?
why would i learn a backward language like that
sdysdllfd dghjtrjy kjldge
274.
Post 2430780 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.03h):
Men engelsk er det sprĺket som flest pĺ nettet kan, og bruker. Siden alle forstĺr engelsk er det bedre ĺ snakke det, enn russisk, eller hva det nĺ er som du snakker. Hvis du ikke liker ĺ snakke engelsk, sĺ er det egne sub-forum for andre sprĺk.
I mean that not native english speakers can't know all rules of how to speak correctly. So if they do some mistakes in their speech, but you understand what they say, please don't be a "grammar nazi".
Most native English speakers have appalling grammar and spelling these days !
They don't even know their own language let lone any others
As long as I can understand the message, it's all good with me
FWIW I hate grammar Nazi's ... pretentious pedants IMO
275.
Post 2430814 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.03h):
Men engelsk er det sprĺket som flest pĺ nettet kan, og bruker. Siden alle forstĺr engelsk er det bedre ĺ snakke det, enn russisk, eller hva det nĺ er som du snakker. Hvis du ikke liker ĺ snakke engelsk, sĺ er det egne sub-forum for andre sprĺk.
I mean that not native english speakers can't know all rules of how to speak correctly. So if they do some mistakes in their speech, but you understand what they say, please don't be a "grammar nazi".
Most native English speakers have appalling grammar and spelling these days !
I fink u is exageeratting,
Is not
276.
Post 2430864 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.03h):
To me, it seems that Bitcoin is resting on the 6mo-exp trendline with low volume, and $.12 is the new $0.005.
There is not much to do then hold (= buy bitcoins with everything that you can spare).
It is becoming unlikely that we'll see $300 this year.
I am fine, thank you.
Welcome back indeed ! I hope you are in good health
Are you here to save us ?
277.
Post 2432529 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.03h):
i think we can make a new high off this rally, 180 , and i think we can do it in 2 weeks time.
bears, prepare to shit yourselves
Grabbing a rabbit and heading for the woods right now
278.
Post 2432674 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.03h):
Images snipped
Now I see the light ... the moon was never the target - I was thinking too small
We are headed for a distant galaxy
279.
Post 2441822 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.03h):
For me, it is not so much the actual price that is important ...
It has been so depressing reading this thread the last 2 days ... we had to go up, and on low volume as people were too scared to buy.
Now there is a bullish tone to some posts ... more of this is needed before we head lower again
Dump ... cry ... rally ... cheer ... rinse, repeat
Wait for the cheering ...
280.
Post 2443171 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.04h):
price is about to explode to 180, and you guys are wondering why someone would buy it up to 110.
too funny
So sayeth the November bottom theorist.
that was b4 the worlds first bitcoin baby
WTF ! lol
281.
Post 2450179 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.04h):
My IQ is 2.9-sigma, so it is very high (Mensa level is 2.0), but in itself it is meaningless because there are 100-thousands of as intelligent people around.
IQ is a hot potato so let's say my shoe size is -1.6 sigma (so small that it's hard to find) and my length is -1.0 sigma (quite short).
OK, all?
I was not criticising you either Risto
282.
Post 2450238 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.04h):
Still no volume. Perhaps the volume will come along if it keeps slowly grinding along towards 115 but I still don't trust this 'rally' and will keep watching from the sidelines.
I just hope there won't be another sunday dump which will make all this pointless.
Not if you're the one pushing it up ready to dump it
Actually TBH if I were Mr Sunday Dumper, I would be doing exactly this, and on top of that, I would probably do a 'head-fake' this Sunday and buy instead of sell to catch anyone out who was anticipating a repeat. That would probably move the market up quite a bit. That presumes of course, that I have the luxury of time.
283.
Post 2450300 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.04h):
Where is your panic buy, Adam?
To be fair he did say $111 ... here she blows ...
284.
Post 2453185 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.04h):
Selling pressure slowly building up.
Feels like we are now clinging on to $110 rather than bumping up against it
285.
Post 2453261 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.04h):
Selling pressure slowly building up.
Feels like we are now clinging on to $110 rather than bumping up against it
Those guys who panic bought from $110.5 to $112ish must be in a world of pain right now
There is still someone out there trying to keep it up here, but I wonder how long it can last before we let go
286.
Post 2454274 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.04h):
Ok back on topic as this is not the tread for this I think
for what price did you buy in adam?
He most likely didn't, he does not believe in the 180$ in 13 days bullshit himself.
But what about the Bitcoin Baby ??
287.
Post 2454377 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.04h):
Bitcoin Baby is alive and well.
[/quote]
Phew ...
That's good news
Bitcoin baby got da moves ... oh yeah ... go baby
288.
Post 2454470 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.04h):
So your confident this pricing isn't a trap...
at least you have balls.
Like most of us here: Low volume makes me indecisive.
A 'what' trap ? Bull trap ... yeah, that's where my money is placed
Gotta make a decision sometimes ... indecision can hurt more than losing money
Definitely a conspiracy though, whatever happens - of that much I am sure
289.
Post 2454801 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.04h):
I agree. I'm just saying that there was a bait in form of breaking 111 and then even 112 yet nobody seemed to trust it enough to buy in.
Perhaps they already did.
Yeah, that's the saddest part.
Stop, stop , I think I am going to cry
290.
Post 2455925 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.04h):
Someone posted recently that Bitcoin will go viral one day. Probably true . Whether its Bitcoin and/or another Crypto remains to be seen. But it's not happening tomorrow as the infrastructure is not in place to support it. It would be an embarrassing failure and would be much more likely to kill Bitcoin than a 50% drop in price from here . So what's the rush ?
291.
Post 2456064 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.04h):
You didn't hear me say 1 was enough
just that if you hold 1 now your not late.
most of us stared with a few coins...
True, but it has been said many times here
Sorry you can't buy your Lambo tomorrow
292.
Post 2456190 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.04h):
You didn't hear me say 1 was enough
just that if you hold 1 now your not late.
most of us stared with a few coins...
True, but it has been said many times here
Sorry you can't buy your Lambo tomorrow
No probs, I will buy it anyway within 5 years with or without bitcoin
When you get it, make sure you take it to some tracks, with tuition, and get full use of it. Saved my life - not in a Lambo, but in a seriously powerful car. A lot of fun too. I have hammered fast cars round various tracks in the UK and it's where they belong. The rest is mostly posing
293.
Post 2456805 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.04h):
Funny thing is, many of the people who deride TA here will quite happily make statements such as
'sideways consolidation usually leads to a breakout and rally in Bitcoin as people realise its not going to go down and buy in'
or 'it's coiling up like a spring and the pressure is building'
or 'there's no volume ... I don't trust it'
That is TA
Just expressed in a slightly different language ...
Or to put it another way, that is the emotion behind the price action that forms the patterns that we see repeat again and again on different levels
EDIT : Just seen what you posted 10c ... I agree. The greatest danger is to stick to only one way of viewing things and to close your mind to all others
294.
Post 2456839 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.04h):
So does "the Bear is pushing the Bull down to the bottom of the hill because he's got a poorly leg" count as TA?
I thought he was about to push him off a cliff
295.
Post 2456954 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.04h):
Like I said I don't dismiss it. It's just SOME charts I see coming by are complete nonsens. And I'm no expert
Couldn't agree more ... reversal to arbitrarily drawn log trend line and that kind of stuff. Washes straight over me, but at the same time gives an insight into how some other market participants are viewing things - dangerous to ignore.
And I'm no expert either
296.
Post 2457001 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.04h):
TA cannot account for unexpected news until after the fact. That is the risk for me when I stay in fiat.
Agreed, but news can be good or bad. The value then lies in seeing how the market reacts to the news. Does it rally on good news and then fall back ? Does it collapse on bad news ? This is all good information and the chart tells the story.
297.
Post 2457432 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.04h):
Get a room guys
298.
Post 2457521 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.04h):
299.
Post 2457533 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.04h):
well somebody's a vulgarian here for sure.
That dumb fuck is going to be you when he grows up lol.
what's the problem? didn't get your daily dose of daytrading or is your SR shipment delayed?
just keep your word choice a bit decent, this is not reddit.
Hope he doesn't 'choke the chicken' too hard tonight
300.
Post 2457589 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.04h):
I'm starting to think my 180 prediction MIGHT! be wrong
LMAO !!
Ya think ?
301.
Post 2457717 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.04h):
Hope he doesn't 'choke the chicken' too hard tonight
I have a wife. Unfortunately for her haha. And yes, she knows I'm a psycho.
302.
Post 2457758 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.04h):
Do you have a gif for every occasion?
let me think about that ...
303.
Post 2457771 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.04h):
Yep all in all if your patient you will buy 'low'
I'm fairly certain we're going to make a nice drop.
I'm waiting for the high's to sell some, so I can buy the drop.
Or you might end up like this ...
304.
Post 2457806 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.04h):
305.
Post 2457825 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.04h):
Uh... I'm kind of out of steam...
Need some (stupid) input to get me going again
Will this do ?
306.
Post 2457876 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.04h):
Basically I have been reading the forum for some time and got annoyed over some stuff, decided it was time to speak up so I spammed the thread today
How am I doing so far? is my ignore glowing already?
No idea ... on my contrast setting I don't see 'ignore' colour ... if you want to know, log out and have a look
307.
Post 2461142 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.04h):
Nope. Mr. Manip only strikes twice in a row. The third time would be otherwise too easily predictable
I expect next wash-rinse-repeat cycle from him in no less than 6 weeks - like when the memories of his distinctive pattern will have faded enough.
Kinda with you on that ... I will be surprised to see the a big Sunday dump this week and am expecting him to stay away a while
But then again, Bitcoin does like surprises ... hmmm <scrathces chin thoughtfully>
308.
Post 2461425 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.04h):
No, it can go one way only, but you don't know which one it will be.
Thus spoke Zarathustra
309.
Post 2463645 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.04h):
lol imagine drug lords standing around waiting 40 minutes for 6 confirmations before finishing their exchanges.
Haha, fantastic image. Guns held, gangsta-style in one hand, smartphone in the other...
That was the image that came to my mind ... could get pretty tense
310.
Post 2473001 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.04h):
Obviously the Sunday dumps will not go on forever...
Of course not!
Better watch out ... dumper may turn round and decide to scoop you up instead
311.
Post 2473150 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.04h):
Bottom line, Bitcoin will never be a world currency. It won't even be a "new Visa".
YES IT WILL
Fuck off ... go on ... get out ...
How many transactions per second can Gold handle hey ...
312.
Post 2474107 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.04h):
I will shortly increse sell volume 10k incomming.
Awesomeness! But DO it this time ok? I am out in XRPs...
Damn ... missed the Jarlo-jaw rally
313.
Post 2474139 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.04h):
I will shortly increse sell volume 10k incomming.
Awesomeness! But DO it this time ok? I am out in XRPs...
Damn ... missed the Jarlo-jaw rally
He is F@CKIN BUYING!!!!! WTF???
Every time he appears here mouthing off it is usually a good indicator of a short term bottom
Don't know if he is buying or not, just that he is full of shit
314.
Post 2474189 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.04h):
DO NOT FEED THE TROLL
315.
Post 2474305 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.04h):
85$ bottom for this fall!
Any other predictions?
I think it will be a slow downward, volatile movement over a few months (barring anything major).
+1
Until a whole bunch of people are bored to tears/sick of the pain and truly capitulate
A flash crash that cleared it all out down below would probably avert this scenario
Take your pick
316.
Post 2474465 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.04h):
Im getting kind of tired of the side way movement/slow decline.
if only we could get to 115... I would sell half my coins and rebuy at the needed flash sub 60.
That's why it's called grinding down
It saps your will and energy until you've had enough
Can't say I am enjoying it very much either ... brings a certain darkness and gloom with it
317.
Post 2476284 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.04h):
95$ will be a big battle (if reached)....
Reached for sure.
Nothing is sure in bitcoinland. We're just flawed mortals who can only watch and hope.
One thing is for sure ... Jarlo-jaw is on ignore
318.
Post 2476330 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.04h):
95$ will be a big battle (if reached)....
Reached for sure.
Nothing is sure in bitcoinland. We're just flawed mortals who can only watch and hope.
One thing is for sure ... Jarlo-jaw is on ignore
Long time ago. If nobody was quoting him, then would just be as he did not exist at all
He exists ? I thought it was a spam bot
319.
Post 2476604 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.04h):
time to catch the " last chance to sell above 100 " cheap coins.
First your 180$ trolling now this, are you getting away with it only because you have 10x more posts than Jaroslaw?
Why you so chippy 4 eyes ?
320.
Post 2476661 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.04h):
time to catch the " last chance to sell above 100 " cheap coins.
First your 180$ trolling now this, are you getting away with it only because you have 10x more posts than Jaroslaw?
Why you so chippy 4 eyes ?
It's just annoying how trolling by an established poster is tolerated and good fun while jarsolaw's bullshit is the opposite, while both of these things are exactly the same.
Lots of things seem to annoy you from what I read - maybe it's not their problem
321.
Post 2476722 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.04h):
time to catch the " last chance to sell above 100 " cheap coins.
First your 180$ trolling now this, are you getting away with it only because you have 10x more posts than Jaroslaw?
Why you so chippy 4 eyes ?
It's just annoying how trolling by an established poster is tolerated and good fun while jarsolaw's bullshit is the opposite, while both of these things are exactly the same.
Lots of things seem to annoy you from what I read - maybe it's not their problem
Nope, not lots at all
However hypocrisy and fanatism definitely are on the list
So you're fanatically anti hypocrits ... I see
322.
Post 2477658 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.04h):
lol
we need a Bitcoin baby lullaby now ...
323.
Post 2490288 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.05h):
The true bear indicator is rpietila selling off some bitcoins.
I'd believe its to pay off the private mental institution holding him
Come on, that and the supernode meeting and those hilarious stories are all part of his trolling right?
One can never be entirely sure, but I don't think so
324.
Post 2490330 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.05h):
The true bear indicator is rpietila selling off some bitcoins.
I'd believe its to pay off the private mental institution holding him
Come on, that and the supernode meeting and those hilarious stories are all part of his trolling right?
One can never be entirely sure, but I don't think so
Me neither. Dude is serious and one has to hold that in his favor.
Yup, and respect for recognising the need for help, seeking it, and admitting to it publicly
325.
Post 2490340 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.05h):
I do believe he has money and a lot of coins but the rest has to be a troll! He's creating a character.
It's too ridiculous and insane to be true.
Sauna's, 1000's of coins in open wallets that get stolen, mental institutions....haha no way.
He is certainly quite an unusual character, that's for sure. But if it wasn't true, he should be writing books, not hanging around here. Sometimes life is stranger that fiction ...
326.
Post 2490428 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.05h):
I do believe he has money and a lot of coins but the rest has to be a troll! He's creating a character.
It's too ridiculous and insane to be true.
Sauna's, 1000's of coins in open wallets that get stolen, mental institutions....haha no way.
He is certainly quite an unusual character, that's for sure. But if it wasn't true, he should be writing books, not hanging around here. Sometimes life is stranger that fiction ...
Is there any evidence that meeting happened at all? And if it did did anyone else confirm any of those ridiculous stories of what happened there?
I cannot provide you with any 'solid' evidence, but if you look back through the posts, you will see that several other members claim to have attended, and that there was some trouble although they were not affected by it. So its either all true or their in on the gag too ...
Why don't you call up the hotel yourself and ask them. I think that will be the only way you will be satisfied.
His name is Rosti Pietila
EDIT : Just read your post ... I am not saying I think he is totally sane ! But then who is ??
327.
Post 2490449 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.05h):
The true bear indicator is rpietila selling off some bitcoins.
I'd believe its to pay off the private mental institution holding him
Hear that Rpietila!? We are coming to get you! We want our unstoppable bull train back!
Chooooo choooooo
328.
Post 2490486 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.05h):
Yeah, sorry if i didn't completely understand one of his stories
i wonder how that happened.
You're in good company - I am not sure I completely understand any of his stories
329.
Post 2490583 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.05h):
His name is Rosti Pietila Risto Pietilä
FTFY
Oh yeah, a rosti is one of those potato things isn't it !
Thx
330.
Post 2490648 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.05h):
Go away ... leave me alone ... stop ganging up on me
331.
Post 2492720 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.05h):
I try to remember this quote - Krishnamurti: “It is no measure of health to be well adjusted to a profoundly sick society.”
That's an awesome quote IAS
And one I will be quoting to my own therapist
He will love it !
332.
Post 2492895 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.05h):
Look, we can play this game forever.
Fact is if this is real and he is not trolling then pretty much everyone, with the right background or not, would agree he is not mentally sane. Period.
It doesn't get much clearer than a case like this.
Unless you want to be all political correct like you. Which never helped anyone, anywhere.
Sanity is a very relative term. If 'sanity' is the norm I would say from my point of view that most people are not sane
There is no monopoly on 'reality' and (almost) everyone views the world through lenses clouded by their own personal life experience
That's what makes us human
Add any label that makes your experience more comfortable and lets you believe you 'understand'
333.
Post 2492915 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.05h):
we need some price movement to refocus everyone....
Actually, I find it kinda cool that things can actually get beyond price and money and down to a more spiritual level when things get quiet
334.
Post 2492936 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.05h):
Look, we can play this game forever.
Fact is if this is real and he is not trolling then pretty much everyone, with the right background or not, would agree he is not mentally sane. Period.
It doesn't get much clearer than a case like this.
Unless you want to be all political correct like you. Which never helped anyone, anywhere.
Sanity is a very relative term. If 'sanity' is the norm I would say from my point of view that most people are not sane
There is no monopoly on 'reality' and (almost) everyone views the world through lenses clouded by their own personal life experience
That's what makes us human
Add any label that makes your experience more comfortable and lets you believe you 'understand'
most people thought I was insane when I went all in on BTC at $3 and quit my job and mined with 50 computers, slept 2 hours a night and trolled this forum 20 hours a day.
Muahahhaah I showed them who is crazy! muahhahahaha~
QED ... go against the norm and think/act outside the box ... society says you are insane
Nice one Goat
335.
Post 2492962 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.05h):
Here’s to the crazy ones. The misfits. The rebels. The troublemakers. The round pegs in the square holes.
The ones who see things differently. They’re not fond of rules. And they have no respect for the status quo. You can quote them, disagree with them, glorify or vilify them.
About the only thing you can’t do is ignore them. Because they change things. They invent. They imagine. They heal. They explore. They create. They inspire. They push the human race forward.
Maybe they have to be crazy.
How else can you stare at an empty canvas and see a work of art? Or sit in silence and hear a song that’s never been written? Or gaze at a red planet and see a laboratory on wheels?
While some see them as the crazy ones, we see genius. Because the people who are crazy enough to think they can change the world, are the ones who do.
+ 1000
336.
Post 2493011 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.05h):
it is a good quote. Rocket to the moon?
Are you INSANE ?
337.
Post 2493045 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.05h):
Not my quote, but I love it
Love it, give that guy an Ipad.
Now that's just the dumbest idea ... touch screen tablet ... you've gotta be kidding me ... it will never catch on
338.
Post 2493378 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.05h):
QED ... go against the norm and think/act outside the box ... society says you are insane
Nice one Goat
Thank you for this.
I think I now have the new motto I was seeking:
"COGNITARE EXTRA BUXUM"
Look for it to appear prominently on the newly upcoming bitcoin silver pieces.
Pure cloud-sourced genius, .999 fine.
Do I get one as a token of your appreciation for the inspiration ?
339.
Post 2493598 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.05h):
QED ... go against the norm and think/act outside the box ... society says you are insane
Nice one Goat
Thank you for this.
I think I now have the new motto I was seeking:
"COGNITARE EXTRA BUXUM"
Look for it to appear prominently on the newly upcoming bitcoin silver pieces.
Pure cloud-sourced genius, .999 fine.
Do I get one as a token of your appreciation for the inspiration ?
Well done. Its often said that if you don't ask, you don't get.
..But I was thinking something more on the order of a specially marked commemorative, encased suitably for display, with a personal note of thanks signed by the designer. Sources of inspiration merit unique rewards.
WOW ! Speechless ...
Thankyou !
340.
Post 2493802 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.05h):
GO GOX !!
Panic go nowhere ...
341.
Post 2498246 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.05h):
Man, $300k per BTC this year is just a delusion of a crazy guy. You have to be as dumb as you could possibly get to do not see that Bitcoin's infrastructure is too weak to support that kind of adoption. The blockchain is not technically ready to support that kind of use (block size hard limit, etc.), let's leave apart Gox and the other exchanges managing that kind of "singularity" (LOL) in just a few months from now.
Everybody in here sees the amazing potential of BTC. How it can go to the moon and skrocket very fast. We all see that, you don't need to be a Supernode 1337 trad3r. But the difference between the sane and the crazy guy is the latter loses touch with reality, being blind to hard facts like the very real limits of Bitcoin's infrastructure.
That's why you should never trust your money to a guy like Rpietila, because when he goes nuts he loses sight with reality's knocking on his door. And he may very well end up leaving your BTC's in a Sauna.
It never gets old ...
342.
Post 2502560 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.05h):
I've seen enough to pull the triggers, I'm now 100% leveraged long via btc.sx @ an avg of 100.6, with 4 days of funding left as cushion. Targets are in the 104-105.xx's and I'll cut losses if we see 98.xx's again.
game on
Trading with leverage! "Man, I like your balls!"
Is there another way to trade ?
343.
Post 2502756 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.05h):
Not necessarily true ... depends on the net position that Plus500 hold, how much risk they take on their book and how much they hedge on Gox or other exchanges if they are net short. Not sure how they deal with net long unless they are able to borrow BTC to short.
EDIT : As for the leveraged pump or dump strategy, I doubt you would be able to take a big enough position with them for this to work
344.
Post 2502849 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.05h):
Not necessarily true ... depends on the net position that Plus500 hold, how much risk they take on their book and how much they hedge on Gox or other exchanges if they are net short. Not sure how they deal with net long unless they are able to borrow BTC to short.
I think their business model has error :-). They do not buy or sell bitcoins. You cannot buy/sell bitcoin at plus500 ... only make CFD.
edit: you can after CFD manipulate price easy (if you have enough resources)
YOU cannot buy or sell Bitcoins with them .. it is all CFDs. That does not mean that THEY do not use BTC to hedge when and where they can, and I would be very surprised if they do not
EDIT : I specifically asked them about how they hedged their Bitcoin exposure and was told that they could not divulge this information. Seeing as their spread is nearly always exactly centred around the midpoint of the Gox bid/ask, it does not look like they are taking positions and then moving prices accordingly.
Their business model is fine unless all their clients are short and it crashes. Otherwise they can always hedge on a Gox account.
345.
Post 2503230 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.05h):
Not necessarily true ... depends on the net position that Plus500 hold, how much risk they take on their book and how much they hedge on Gox or other exchanges if they are net short. Not sure how they deal with net long unless they are able to borrow BTC to short.
I think their business model has error :-). They do not buy or sell bitcoins. You cannot buy/sell bitcoin at plus500 ... only make CFD.
edit: you can after CFD manipulate price easy (if you have enough resources)
YOU cannot buy or sell Bitcoins with them .. it is all CFDs. That does not mean that THEY do not use BTC to hedge when and where they can, and I would be very surprised if they do not
I'm not sure they can DO HEDGE (they do not have enough bitcoins) ... beacause they do not know how much I'll short at their platform (and they need 4x more ... if I'll try short 12M btc then they will need 48M. ... and there are only 12M existing ).
The fact is that shorting with leverage crap is a motherfucking scam. It's just gambling in its purest form, but they are gambling with customers money - if they lose big time and go bust, it's their customers who are left holding the bag. The managers who drive the business are just swimming in money pools and are the same scammers doing the very same tricks that trigger the financial crisis in the modern world.
Did you know that plus500 is owned by UK banks, did you?
I would not put it that strongly ... they are just feeding a nation/world's addiction to gambling
Yes, I know they are UK based. I feel safer (for now) having fiat with them than in an account in Slovenia, which is rumoured to be on the edge of a banking crisis. When I think its time to actually buy and hold BTC I will use my Bitstamp account. Meanwhile Plus500 is quicker and safer from my experience. No wallet to get hacked and a nice fiat paper trail.
Leverage and shorting is another issue ... really depends on the net house position, on which we can only speculate. Bad risk management, yeah, could get fucked. I would be more worried if they only traded Bitcoin. As it is, they have other revenue streams.
I agree, if they lose and go bust, customers are left holding the bag, but that's the same if an exchange gets hacked/closed down. We are always on the wrong side of these things and always will be . It's part of the game right now.
EDIT : Shorting, leverage and manipulation are 3 completely seperate things. A market that cannot be shorted is more open to manipulation than one that can. It's when things get out of control and the speculative money is running the market that we have a problem. As for leverage, it's only a danger if you don't know how to use it and over-extend yourself (translation - get too greedy
). On a macro scale, yes, that's a huge problem ... banks and governments are massively over-leveraged - that's the real scam. The tax payer is short a put and being charged for it !
346.
Post 2503407 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.05h):
If the company go down (but it won't, because Bitcoin it's still too small) is your money they lose. What you funded in their account and all the gains you did not withdrew. Just like when it's your bank that go bankrupt. All money that it's not under your mattress is gone. The individuals running the business have no risk, it's their customers who are risking their money trusting it to a bunch of white collar gambling scammers
And that's why we have Bitcoin
Totally hear you dude. For now though, I am bearish and want to be in fiat
One sniff of bankruptcy and I will take action, but as you point out, it won't be BTC that takes Plus500 down
Actually I think your opinion of banks is spilling over a little onto spread betters ... mostly people lose their money there anyway (lol ), and the majority run hedged books, making money on the spread. They can equally well go bust if a bunch of punters can't meet their margin calls.
Most of what you say is entirely applicable to banks. Brokers have to go rogue to create big problems.
I am not blind ... I see what is likely coming ... and it's gonna get real ugly. But it's not gonna happen tomorrow (I hope
)
347.
Post 2503998 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.05h):
We all go psycho from time to time. I believe it's not healthy to keep the negative emotions inside. But, I really need to find more constructive ways to let it out.
no no ... smashing down a door with an axe is a perfectly acceptable form of release ...
https://www.youtube.com/watch?v=NV4xo_rF-oo
348.
Post 2504137 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.05h):
We all go psycho from time to time. I believe it's not healthy to keep the negative emotions inside. But, I really need to find more constructive ways to let it out.
no no ... smashing down a door with an axe is a perfectly acceptable form of release ...
https://www.youtube.com/watch?v=NV4xo_rF-ooNew profile pic in your honor.
Lol ! Like !
349.
Post 2529788 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.06h):
USD out of their gox account.
because of recent news about problems with withdrawal of usd?
or what do you mean?
This might explain it better ... dated today
https://mtgox.com/press_release_20130620.html
350.
Post 2542050 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.06h):
Dear Mt. Gox Customers and Bitcoiners,
<snip>
Nice!
Thank you MtGox!
No way it's legit ... nobody at Gox could possible write such a professional looking statement
351.
Post 2543466 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.06h):
Now, why would anyone want to advertise that they potentially have lots of money on them?
Hence the supernode secret handshake.
I think this one is a metaphor
352.
Post 2549352 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.06h):
you mean of course noT
I mean of course f*ck off
lol
Congratulations ! That was the correct answer !
353.
Post 2559576 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.06h):
The blockchain size limit is perhaps one of the biggest question/problem in the development right now,
but it seems to be going in the "unlimited" direction.
But this problem is not solved yet. And maybe they will solve it by promoting LTC for small transactions.
Right now small BTC transactions are limited by amount, because of this problem.
Right now the number of Bitcoin transactions is limited by slow adoption
Anyway ... aliens
354.
Post 2559620 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.06h):
Right now the number of Bitcoin transactions is limited by low adoption
Anyway ... aliens
I mean you can't spend low amount of BTC right now because of the blockchain problem.
I don't know if that is true or not. Anyone ?
355.
Post 2559651 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.06h):
Is it just me, or do other people also miss the gifs on bitcoinity?
Just for you ... don't EVER let go of your Bitcoins ...
356.
Post 2559698 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.06h):
Gox is down here, is it working for you guys ?
502 Bad Gateway here
Don't worry, everything is under control
357.
Post 2559718 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.06h):
Testing LTC in the new trading engine
No, I expect that would look more like this
358.
Post 2559764 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.06h):
I stand corrected ... here is the first trial of the new smokin' fast trading engine ...
Apparently it did not end well for the snail
359.
Post 2560101 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.06h):
Meanwhile, on the other side, Bitcoin tries to play ball with TPTB ...
360.
Post 2568521 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.06h):
ShroomsKit... Tell us the truth... Did you sell yet?
Why, is that the signal to go all in ?
I'm pretty sure he didn't judging by the tone of his posts the last couple of weeks ...
So still room for more downside then
361.
Post 2575416 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.06h):
Will you have the guts to do the right thing when the pressure is on? If yes, I applaud and honor you. If not, here are a few cheap excuses to use (after all, who wants to admit conditioning or cowardice):
Without the rule of law, everything would fall apart.
Without regulation, criminals would destroy everything.
Yes, regulation is coercive, but along with it comes a certain amount of public benefit!
I got ripped off, and someone has to fix it!
If I can’t sue someone, they can get away with ripping me off!
We can’t get people to use Bitcoin unless it’s authorized.
We need approval or we will forever remain a tiny market.
A significant number of Bitcoin people will say these things (and others), but the real truth will be that they are scared, or are still hoping to get mega-rich, or just can’t rip the “government is our friend” meme out of their heads. But mostly it will be fear.
We all feel fear of course, but some of us are determined enough to do the right thing, even when we’re afraid.
So, here’s a final tip: If you run into someone who can feel the fear and still do the right thing, don’t let go of them.
you stole that from an old radical:
http://www.dgcmagazine.com/the-old-radical-how-bitcoin-is-being-destroyed/ good catch molecular ... and a good read.
Great find on Greenspan ...
Alan Greenspan may have done a lot of bad things, but he is not stupid. And before his adventures at the Fed, he wrote this:
"(Under a fiat system), there is no way to protect savings from confiscation through inflation… If there were, the government would have to make its holding illegal, as was done in the case of gold"
WOW !
362.
Post 2575431 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.06h):
There's been suggestions that the naughty whale traders are generating most of the volume, and are even accused of creating false volume, so here's a new chart. It measures how many minutes per day trading volume was at least 100$, and so reduces the impact of large individual sells/buys (and associated activity):
<image>
Coded in R?
Nope, black marker pen and a red crayon
363.
Post 2575477 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.06h):
Don't be a smart arse, I have a bag of pencils my friend, as you well know
Sorry ... couldn't help myself
364.
Post 2578408 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.06h):
Any good android market watcher apps?
The last one I tried ran so hot and drained the battery in an hour. I think it must have been trying to mine on my phone!
lol ... that cracked me up !
365.
Post 2607593 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.07h):
For those of you looking for a dead-cat bounce ... not all cats are the same ... some dream of flying
For the record this cat did not die
366.
Post 2610358 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.07h):
So what do you reckon for today IAS ?
There's a few green candles on the hourly, but not much follow through for now ...
367.
Post 2610498 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.07h):
Funny, was just going to post this and see you (Phoenix1) curious - just a coincidence if you believe in them.
I'm not going to play any bounces right yet. I'm going to see if any rally takes us through the 100 day EMA. We just crossed (under 10 day EMA) for the first time in a looooong time.
The 20 day or so EMA hasn't crossed and to be honest I have just played around with the 10 and 100 day - don't know that it is an accepted method.
The 10 day SMA has crossed under the 10 day EMA (slightly bearish) and that is accepted so I will still wait and look for strong confirmation of a reversal.
Regarding the hourly candles - well, the 4 and 1 hour are not doing anything and even the 15 min charts look the same. $100 is a key psychological barrier. And even if we break it, do we stay
above it for long? Next few days will be interesting and I'm curious is our WE dumper (and perhaps rescuer) re-appears.
Yeah, I think it will be tough to get and stay above 100 ... seems like it was just two big(ish) buys (6k) that pushed us up and now we are drifting again. It would not surprise me if we had another test of it again though, you know, while we're here, just another little push! But on the other hand there is no volume ...
Coincidence ... lol ... another name for connection my friend
EDIT : and the 15 min looks to be deteriorating now ...
368.
Post 2611956 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.07h):
Down periscope .... $80 here we come ... whoop whoop
369.
Post 2612136 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.07h):
Down periscope .... $80 here we come ... whoop whoop
Wait ... is that Shroomskit in the picture ?
370.
Post 2614110 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.07h):
According to your graph, starting in December 2013, people start paying you in USD to take their bitcoins?
I like that. Looks like a peak of -33USD/BTC in June 2014.
Ill take anyone's bitcoins at 0USD/EA, right now and thru Dec. 1 2013. Take advantage of this HOT deal while it lasts.
Send them here: 14YDg2knHWoYaDZpUFvuQfFP7kUpPpYL83
You're welcome.
This is actually a period in time when the NSA have cracked SHA256, identified every Bitcoin owner and is rounding them up and sending them the Gitmo. Hence the negative price - there are no buyers, even at zero. Terrified
nerds miners everywhere are paying the brave to take ownership of their BTC before their house gets raided and mum finally finds out why the electricity bill has been so high.
This period ends with the assassination of POTUS by the chubby bloke on the yoga ball and Bitcoin rises from the ashes again as smoothie is elected president, primarily due to his foresight in creating phycsical LTC that could be buried in the garden during this period.
Cross my heart - I saw it all in a vision. OK I made up the bit about smoothie
Glad to see you remembered to put "weee" in the right place, although I think the correct spelling is "weeee" but I could be wrong on this
Nice chart
371.
Post 2614459 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.07h):
stop reading the thread for a few weeks (june 7th till now...) and there's 300 pages of posts... bloody hell guys.
to catch up: what's the word on WHY the price is dipping below 100 lately? anything major happen?
[sarc]
The down trend is because Jaroslaw has sold 180k coins in the last month.
[/sarc]
lol !
372.
Post 2614586 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.07h):
Notice a pattern?
yup ... weeeeeeeeeee
373.
Post 2614954 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.07h):
The green daily candle forming today is VERY similar to that of 25th of June, the day after the previous downmove. It is a bearish candle generally showing a failed attempt at a rally. Today looks like another failed rally after a step down. So if history repeats, we may go sideways for a day or two, followed by a continuation of the downtrend ... or not
Okay, then I'll go long when this pattern is completed. What price should I place my buy order?
I am looking at low 80's as the next target for a decent bounce personally
374.
Post 2615034 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.07h):
The green daily candle forming today is VERY similar to that of 25th of June, the day after the previous downmove. It is a bearish candle generally showing a failed attempt at a rally. Today looks like another failed rally after a step down. So if history repeats, we may go sideways for a day or two, followed by a continuation of the downtrend ... or not
Okay, then I'll go long when this pattern is completed. What price should I place my buy order?
I am looking at low 80's as the next target for a
decent bounce personally Man, are you viewing my posts as I'm writing them?
No, I am writing through you ... muhahahaha
375.
Post 2627467 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.07h):
Get ready ... weeeeee
376.
Post 2627582 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.07h):
dat funny
377.
Post 2627639 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.07h):
Get ready ... weeeeee
I feel horrible for that catus... there are soft garbage bags below, i know it.
Edit: or a window one story down in the opposite building -- that's what he was aiming for all along!
The cat survived apparently ... pretended nothing ever happened, as cats always do when they do dumb things !
No other window, just an epic cat fail !
378.
Post 2627861 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.07h):
just wonder: What's next from the $ 94? But about this ...
down trend won't last forever and now that you noticed it, its almost over...
Maybe I still see two options:
A: We have hit bottom and will slowly rise.
B: We now descend, but when will panic after lose support, then we will fall even faster. (Perhaps as much as 50%.) But we also quickly rebound.
^^ This
Too many people think low 80's is a good place to buy, so either we don't get there or we slice straight through it ...
Given the triangle breakout, my money is on down HARD
Look at the huge triangle on the weekly chart that we have clearly broken out of ...
379.
Post 2628380 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.07h):
I think it's time for us to honour someone ...
http://www.youtube.com/watch?v=A7TuFy0fcuwGo Proudhon, go ... ride that bear
380.
Post 2630710 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.07h):
So they're bailing out ... now ... that should really help with confidence
381.
Post 2630831 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.07h):
So they're bailing out ... now ... that should really help with confidence
You misread.
http://blogs.wsj.com/moneybeat/2013/07/01/winklevoss-twins-file-to-launch-bitcoin-exchange-traded-product/ They are not "bailing out," they are offering shares of an ETF based on bitcoins. Not quite the same thing. In fact this is good for bitcoin as it could attract more institutional investors who want to be able to participate in Bitcoin on traditional markets. This is something they can understand and trust. Good old winkii twins; they've got our back.
Depends on whether they intend to buy new bitcoins with the proceeds. If not, its an ask of 200k bitcoins. If yes, then indeed, this might be something big investors are interested in, and it could increase money coming into bitcoin.
^^ This ... are they taking profits or trying to bring in new money ... big difference. If the ETF is backed by their BTC it's a sale ...
Given that it is a limited share offering I suspect the former
382.
Post 2631033 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.07h):
Re the twins, the application talks about the issue price being a weighted average across exchanges on a particular date (27th June is stated, but I think it is for example purposes and subject to change) ... this would imply that they are backing it with their own coins to me. Trying to read thru it while watching this at the same time
It's a good read in terms of 'risk factors' ... they do a good job of explaining the pros and cons of BTC.
So far to me it sounds like they want to sell paper backed by their coins and earn a fee for managing the ETF ... that there is a fee is explicitly stated ... size of basket will go down due to fees etc.
Well, look on the bright side, at least they are not selling them now on the exchange !
Also states they want to create the trust as soon as possible ... that, to me, does not imply that they are planning to buy 200,000 BTC to back it - that would be a ludicrous proposition.
383.
Post 2631095 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.07h):
Well, look on the bright side, at least they are not selling them now on the exchange !
You realize that anybody who buys their security does this instead of buying Bitcoins on for example Gox?
Of course one might suggest they will be propping up, which should yield pretty lulzy results in regards to volatility. Golden times folks!
Yes I do ... which basically means they are offering their coins for sale OTC ... or a paper tracker of the value of their coins to be more accurate
384.
Post 2636890 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.08h):
Am I the only one who thinks it's way too early for an ETF?
Nope
But ssshhh ... the bulls don't want to hear that
385.
Post 2659302 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.08h):
Waking up to see this ...another completely failed rally attempt... I think there might be some panic today
60's on their way soon ... have to say, I didn't think it would happen so quickly
What do you think Rampion and IAS ?
386.
Post 2659346 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.08h):
4 week update - denial, sat on its ass, bleeding...
squiggly line = price, open circles = vol.
Bubbles and crayons ... love 'em sarc
387.
Post 2659469 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.08h):
I covered all my shorts yesterday, but have now re-opened them plus some, so I am putting my money where my mouth is in case anyone wants to call me on that. And by short I mean negative Bitcoins, not just sitting in fiat.
What is negative Bitcoins? I always thought that short means sit on fiat waiting to increase bitcoin position later as they fall in price
I mean leveraged short CFD's ... I make fiat when the price goes down. To me holding BTC is long, holding fiat is 'flat'. 'Short' means either selling borrowed BTC or a CFD (or ETF
)
388.
Post 2661487 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.08h):
The link says its for Android ... am I missing something ?
389.
Post 2661707 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.08h):
Aha ! Thanks
390.
Post 2670966 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.09h):
Loads of fiat on the sideline and loads more coins for sale that are not on the order book, waiting nervously for that rally ... that may or may not come before their pain threshold is reached
http://www.youtube.com/watch?v=JHM-z_rHz9Mlol
I think someone just blinked ...
391.
Post 2683482 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.09h):
Any chance you can add some horns to your avatar now that you are the forum bull ?
392.
Post 2692883 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.09h):
I think some of you are missing the point.
Banks and hedge funds would probably not touch BTC with a 10ft poll right now
However they are all staffed by professional traders who are compulsive gamblers and skilled in the art of price and sentiment manipulation. Yes, they are hot on risk management too, but they can take the pain of a loss much better than most people here. They also have deep pockets and many of them are also geeks and know all about BTC and have done for years.
To them, this 'free market', is a wet dream. They can open dual accounts, trade with themselves to paint the tape, manipulate to their hearts content on their own accounts in their free time without any repercussions.
It is incredibly naive to believe this is not happening ... possibly right as we speak
Never underestimate your opponents ...
393.
Post 2713825 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.10h):
Hope is the prerequisite for despair.
Check out what we did in 2011 after a bounce from 5.74 to 12.1. That's more than a doubling.
What stands out to me in that image is that the rebound high was made in early August ,snapback' move (long wick on the candle) and was not exceeded in the next couple of weeks before the downtrend continued in September . Looks like there was actually a 40% pullback during this period too.
Hold onto your hats
Or of course, we could be going to the moon ... today !!
394.
Post 2713931 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.10h):
Hope is the prerequisite for despair.
Check out what we did in 2011 after a bounce from 5.74 to 12.1. That's more than a doubling.
What stands out to me in that image is that the rebound high was made in early August ,snapback' move (long wick on the candle) and was not exceeded in the next couple of weeks before the downtrend continued in September . Looks like there was actually a 40% pullback during this period too.
Hold onto your hats
Or of course, we could be going to the moon ... today !!
how much time did we spend around $100 when we first broke it?
And how long till we saw it again
395.
Post 2713959 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.10h):
about a month if i recall correctly
12 days!
TBH I think we will hit $110 today but what do I know
EDIT : Here comes the next push ... 3 lots of 1000 added to bid side ... there's a whale in the water !
396.
Post 2713986 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.10h):
Holy crap! Waking up to this !
Thank god I covered my shorts below $70. Wish I had held onto the long though ...
Oh well ... sidelined for now
Happy Bull Day people !
What service are you using to short? All the ones I have tried (1broker, bitfinex, icbit, 796) are lacking in terms of features. Kraken really needs to go live!
Plus500 ... it's CFDs
397.
Post 2714023 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.10h):
If there is no selling into these bid walls i'm completely convinced of this trend reversal.
There were some sales into these walls and then they disappeared. So, no trend reversal
I seriously reckon that those are his 40k coins at $105 - $110 and he wants to push us up there to take his very large profit for a couple of days whaling
398.
Post 2714048 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.10h):
If there is no selling into these bid walls i'm completely convinced of this trend reversal.
There were some sales into these walls and then they disappeared. So, no trend reversal
I seriously reckon that those are his 50k coins $110 and he wants to push us up there to take his very large profit for a couple of days whaling
what does "50k coins $110" mean in english?
It means look at the Gox order book and go figure
Or read my edited post ...
399.
Post 2714092 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.10h):
If there is no selling into these bid walls i'm completely convinced of this trend reversal.
There were some sales into these walls and then they disappeared. So, no trend reversal
I seriously reckon that those are his 50k coins $110 and he wants to push us up there to take his very large profit for a couple of days whaling
what does "50k coins $110" mean in english?
It means look at the Gox order book and go figure
I have clarkmoody feed blocked at work and only bitcoinwisdom works
Fair enough ... just ask nicely next time I make an obvious typo
I have corrected it now ...
Can you get coinorama.net ? Thats the best for looking at the walls IMO
400.
Post 2714123 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.10h):
If no walls get pulled - 10,000 BTC gets us up to 107 ish, or down to 86. What a disparity...
quick, dump 10000. see what happens!
*cue nomnomnomnomnomnoming*
lol
401.
Post 2714740 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.10h):
There are only 20k coins to 110.
Coinorama is showing 54k coins to $110 on gox
402.
Post 2714810 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.10h):
Interesting discrepancy ... check coinorama.net ... showing completely different numbers <confused>
403.
Post 2714970 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.10h):
Interesting discrepancy ... check coinorama.net ... showing completely different numbers <confused>
Yeah, its wrong. There only 110k total asks on Gox. 55k takes it to 133
Anyone seen that before ? I've been using and liking coinorama for a while as you can see BitStamp there aswell
404.
Post 2715528 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.10h):
Guys, I need to lace my shoes, could someone hold this for me...
Classic !!
405.
Post 2715783 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.10h):
This video is from March.
Yeah, but even so ...
I think Abandon wants the bag ... not sure he knows what's in it
406.
Post 2717208 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.10h):
No more triple digits for 2013. Enjoy your double digit coins.
Remember, $99 coins are expensive and $101 coins are cheap.
Hehe, keep it up Blitz! There is a Prouhon shaped hole in all of our hearts. You are making me feel whole again for the first time in a long time.
Just for you ... to fill a bit of that hole ... it just never gets old !!
http://www.youtube.com/watch?v=A7TuFy0fcuw
407.
Post 2717475 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.10h):
Edit: Yeah, but too soon.
Sure ... it will take a while IF it plays out that way, but we've got one half of it nicely lined up already
Well, about 3-4 days if it was reasonably symmetrical
408.
Post 2718048 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.10h):
it happened to me once, haven't slept during a crash.. went from one mistake to other after nice initial gain.
The worst is when you sit up all night as long as you can waiting for something that doesn't come ... I hate it when that happens ! Feel like crap the next day, and the action normally happens then lol
I really hate trading sometimes ... in fact a lot of the time. Win or lose, it's pretty soulless and a big distraction from 'real life'
409.
Post 2720604 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.10h):
Hey ChartBuddy, how you doing ? Doesn't seem to be anyone else around toady, so how about you and me just chill for a while hey ? Get to know each other a little better ... its' been a while since I hung out with a 3D chart - you may be able to give me a different perspective on things.
I think a few people are feeling a little down today, but don't let them lay it on you ... I know you only post it as it is. I trust you. You are good at what you do, even if they made you smaller. How's that hey, small, but with a little touch you get much bigger. I know how that feels ... I got bits that do that ... you hearing me dude ?
And what about Adam's GF ... she's a bit scary hey. Nice rack n all, but you know, something just ain't right. I mean there's no face shot ... that's go to be a BAD omen. She's a bit grungy for my tastes too. Looks like she need a good clean up. Wouldn't mind helping out with that tho I guess. See how she came out ...
Well you take care CB, just PM me if you need anything
410.
Post 2720643 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.10h):
Yeah, I feel you dude ... shocking hey
411.
Post 2720723 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.10h):
Mind if I cut in?
That's cool with me dude
I'm sure CB won't mind either - he gets really lonely sometimes
hey guys (phoenix and chartbuddy), maybe you should take it to a motel or maybe more adequately to the silkraod forums.
CB's not big on drugs ... gotta keep a clear head in his line of work. And people always look at him funny in motels
412.
Post 2725048 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.10h):
This bitch you call Mrs. Market will again leave the deciding moment for time I'm going to be in the bed
You got it wrong ... you're the bitch ... Mrs Market will have you any time she pleases
413.
Post 2725107 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.10h):
Right shoulder is slightly dropped...volume is decreasing...I guess we will see in the next little while.
If it breaks the neckline it will slide down.
Not seeing this at all - where's your chart?
HINT ... look for Quasimodo on the 2H or 4H
Or it could be a rocket if you zoom out ...
414.
Post 2725131 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.10h):
^Hahaha
I hope it is a rocket....I'm "balancing" and not all in or all out.
A bit like this ?
https://www.youtube.com/watch?v=QfPg_GzC-HA
415.
Post 2727104 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.10h):
And true, if we are expecting a dump, maybe it won't happen. Really, it is a crap shoot, even when you "know" what you are talking about.
Do you feel lucky, punk ?
http://www.youtube.com/watch?v=8Xjr2hnOHiM
416.
Post 2752247 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.11h):
So, how are we going to refer to the ensuing price drop?
SatoshiDiceddon?
Correct me where I am wrong ...
1) Satoshi Dice has been bought out for a price in BTC ... deal done .... buyer must have the BTC to pay
2) BTC will be distributed to the previous shareholders, who presumably have faith in BTC or would not have invested
3) NO DEAL is ever secret, so if there were to be an influence on price we would have seen it already
4) The news is now in the public domain, and there has still been no price movement
Why should we expect any significant price movement now ? Why would ex shareholders dump their BTC now ?
I don't follow the bear logic on this
BTC distribution, yup, but why are they all suddenly sellers ?
Could it not be argued that it is bullish for BTC that a BTC based business has been bought out at such a price ?
These questions are entirely innocent ... I have no agenda here
417.
Post 2770790 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.11h):
...they are buying BTC to transfer and sell ... they still want dollars, they just want to get them out of the country as soon as possible without using suitcases.
...
Thanks
love it.
Don't get me wrong ... there *ought* to come a time when nobody wants dollars. But when that will be is anyone's guess. TPTB will do everything they can to prop up the house of cards for as long as possible.
For the last ten years Japanese Gov Bonds have traded at ridiculously low yields ( = high price) and many have tried to call the turn and short them, seeing the situation as unsustainable (which it is ultimately). The trade has become known as 'The Widow Maker' due to the number of people who have crashed and burnt trying to call the turn.
Unrealistic and unsustainable valuations can last for a very long time, defying all logic and fundamental analysis.
That said, the moment of truth would appear to be approaching IMO ... just don't bet the house quite yet
418.
Post 2773186 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.11h):
... Bringing back all those triliions of offshore dollars and DIRECTLY buying countries rather than just buying political influence. All the while being viewed as 'saviours' by the sheeple.
It is possible. The corporate endgame ...
...
I wonder if the "directly" part is necessary or even desirable for them. Why get dirty when there's no need? Why install sockpuppets when you can control the real thing?
At it the end of the day it would look the same ... the amount of influence that would have been bought would leave people under no illusions as to who was in control. The reason to own would be to ensure that you were absolutely in change of making the rules - no illusion of democracy anymore - an unelected corportate congress.
419.
Post 2786138 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.11h):
Has anyone noticed how little volatility there is at Bitstamp compared to MtGox at the moment?
Bitstamp:
P.S. It looks like BitStamp just took a mini nose dive...
Zoom in and look at the price action of the last 24hrs ... there has been crazy behaviour on Bitstamp
420.
Post 2787528 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.11h):
I think it's for effect.
If you have 1k in coins, you really need fiat bad enough that you will dump them on Bitstamp at up to $10 lower than you can get them elsewhere? Doesn't ring true to me.
Could be.
But my premise is not about 'needing fiat bad enough' it is about the value of a Gox IOU vs $'s at Bitstamp. The Gox $ IOU's appear to be becoming worth less (notice the space for the moment)
421.
Post 2815514 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.12h):
Back to 96, at least momentarily. Big chunk of 96 wall eaten.
I wonder who that belonged too
Mr 'lego wall on wheels' perhaps ?
96 was reached with the two 1k 95 walls in place. They've since been removed.
Who'd a thunk it ...
422.
Post 2821821 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.12h):
I'm on a big psilocybin and DMT research binge again right now. Funny how it came up in this thread at the same time.
synchronicity?
Nah ... not possible ... doesn't exist
hehe
btw DMT and the matrix—wow. what a fun way to think of things
Yeah, when you have experienced some things it is impossible to return to a 'normal' way to thinking. And I am not talking about DMT here, although that certainly is enlightening. I am talking about synchronicities so powerful that you simply cannot deny the power of the mind and your invisible connections to the rest of the world, and view life as an interaction of energies playing out mostly at the unconscious level.
Sometimes we get rare glimpses below the surface of that illusion that are simply too powerful to deny and too complex to understand - manifestations so powerful that they shake you to the very core and challenge all that you thought that you knew.
The Great Mystery of Life ... some things are best left unexplained.
Most of us are simply sleepwalking through life fighting our own demons again and again, creating the chains that bind us and then blaming someone else for their existence ...
423.
Post 2821893 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.12h):
Most of us are simply sleepwalking through life fighting our own demons again and again, creating the chains that bind us and then blaming someone else for their existence ...
fuuuuuck that
We have will!
Nice ! Like !
But I really have to sleep a bit now - I will try to be awake in the morning
424.
Post 2825796 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.12h):
I sense very bullish sentiment here
which is bearish, in and of itself, you think?
"Be Fearful When Others Are Greedy and Greedy When Others Are Fearful"
Does this help ? A little bit of bear for you
425.
Post 2952109 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.13h):
We will see
I say we break $115 this time - might take a few days or just hours, but I say up, next stop $130
Yes lets see. Don't know what a time period is? You can also say frequency is increasing.
I said erratic, that means jumping up&down in quick succession.
BTC don't give a fuck about frequency or erratic
I don't see anything unusual TBH, but I have been wrong many times before
426.
Post 2952318 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.13h):
There seems to be a bit of falling wedge pattern happening. It doesn't look too strong from what I'm looking at, but could be something. It would break upwards soon... if it does break upwards... which seems likely.
Nice, this happened just as was predicted.
C'mon, fess up ... it was you all along wasn't it
427.
Post 2952584 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.13h):
We should have been at 114 by now. Something is brewing...
Patience must you have young padawan
http://www.youtube.com/watch?v=sgT3bB-kdKQ
428.
Post 2970186 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.13h):
<images removed>
An economist would say that the bid sum is clearly on a trajectory to infinity, and the ask sum to zero
429.
Post 3084440 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.15h):
Fuck it, PM sent. (with number of course)
Did you ask him to put bids in at $125 for a 'whale save' ?
430.
Post 3084913 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.15h):
Wow.
I have never seen 12 red candles in a row, on the hourly chart.
better panic sell b4 it moves up again
Yeh, we need 13 before it can move up again
431.
Post 3095736 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.15h):
Meanwhile, whats with the BitStamp Gox gap ... only $7 now
Sorry ... $6.2 now ...
432.
Post 3097327 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.15h):
This has been a weak "crash" so far. If volume doesn't accelerate, I might have to go back in time and change my predictions.
Bitcoin, you disappoint me.
What, no single digits then ?
433.
Post 3136921 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.15h):
So how about those walls, eh? The next one is at like $145.
Walls? Are you sure you've got the right thread?
Either that was a different buyer or he's changed his strategy. The buy was smaller and no bid wall was placed. If that is another person wanting to buy in like that then that's bullish anyway
Or he's not done yet
434.
Post 3136954 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.15h):
What if the Winklevii are buying Bitcoin for their ETF's because there happens to be quite a demand for it? just speculating here.
In that case they would take all the financial risk by buying coins already without having the clients their money.
(Since they cannot accept clients money before the ETF is approved and launched.)
I don't think it's them. They have enough coins themselves too.
I don't think it is a new buyer since he would buy where it is cheapest: bitstamp.
I still think it's someone wanting out of gox. And preferring coins for the moment over directly liquidating at bitstamp.
^^ This.... and I don't blame them
How much longer will people keep exchanging coins for Gox IOU's ?
435.
Post 3138697 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.15h):
ooh ... whale showing a fin again
436.
Post 3139054 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.15h):
ooh ... whale showing a fin again
When did this obsession with the Whale God start? It's like, any time anything happens it's "because whale!" Some of you sound like you'd sacrifice children on an alter of fiat money if someone told you it would make the Whale Gods happy.
We don't need no stinkin' whales.
Well we got em whether you like it or not ...
If there would be no whales we would "never" swim from $65 to $150.
Negative. The strength of the users and hard work of the community is what got us here.
ROFLMAO
Hahahahahaha
437.
Post 3139150 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.15h):
ooh ... whale showing a fin again
When did this obsession with the Whale God start? It's like, any time anything happens it's "because whale!" Some of you sound like you'd sacrifice children on an alter of fiat money if someone told you it would make the Whale Gods happy.
We don't need no stinkin' whales.
Well we got em whether you like it or not ...
I'm not denying that there are people who can buy/sell chunks of BTC. I'm not denying that there are people who own 100 bagazillion BTC. Of course there are.
It's the attitude this thread has of this strange cult-like worship and pretending that the fate of bitcoin relies on the whimsies of such people that bothers me.
I don't think anyone believes the fate of BTC depends on them, but short to medium term price movements sure seem to at the moment, hence the pre-occupation. Oh and Gox ... the elephant in the room. We could start a zoo here.
TBH I don't see the 'cult like worship' you talk of. I do pointless see over-analysing of unknowable motives though.
438.
Post 3140477 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.15h):
Is a fact that the lower the volume is (and its been getting lower for months now), the more the market is driven by fewer, relatively bigger trades.
Not just that, but now we are at the stage when almost nothing goes on in between them.
Big trade, 1 hour of volatility
Wait several hours or days
Rinse, repeat
It is not the sign of a healthy market IMO, but it's what we've got, so I ain't complaining , just saying
When the market is so obviously dominated by the whims of big players, the risk to smaller ones increases to the extent that I am sure many are just not trading
439.
Post 3191841 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.16h):
If you are fine to withdraw via other measures (SEPA, JPY domestic, BTC), MtGox should be alright given you don't mind the premium. Only risk I would see is whether or not they are even liquid in light of the 10 million USD lacking.
Completely separate from customer funds, if Gox collected .5% in BTC fees and .5% in USD fees, and held them as such they would have
257143 BTC and $7,627,194
The question of the actual balances is how much trading they have done, and when?
What would we find in Schrödinger's Gox?
A dead cat that was not there
440.
Post 3624054 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.24h):
Yet another concern;
Do you really thing the average Joe is gonna want to take his paycheck and buy 1 bitcoin?
Will the average Joe be able to comprehend that you can buy pieces of bitcoin?
Wait a minute, aren't you the guy that correctly called the crash from $450 to $250 last thursday <sarc> or was that someone else trying to spread fear in here ?
441.
Post 3624124 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.24h):
Yet another concern;
Do you really thing the average Joe is gonna want to take his paycheck and buy 1 bitcoin?
Will the average Joe be able to comprehend that you can buy pieces of bitcoin?
Wait a minute, aren't you the guy that correctly called the crash from $450 to $250 last thursday <sarc> or was that someone else trying to spread fear in here ?
That would be me. My predictions along with everyone else's predictions in here have been so accurate
Yes, but not all of them come on to brag the moment they were $10 in the right
You lost a lot of credibility with that attitude dude -maybe you were high. I think that would be considered a legit excuse in these parts
Meanwhile, take some deep breaths, calm down, everything is going to be alright
442.
Post 3675992 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.27h):
Not sure if your intention is to argue for or against me, but that exactly shows why the 7 tps limit is by design (thus should not be removed to ensure decentralization, another key point in bitcoin design) and makes it impossible for it to compete with credit card companies.
As I understand it, the payment processors referred to in the video would handle smaller value transactions at a rate much faster than 7tps, which would then be added to the blockchain by the payment processor.
I am not a techy, so my understanding may be incorrect, but this is how I understood it.
Perhaps there is someone more qualified on hand who could explain how this would work.
I am also speculating that it is exactly this kind of 'bolt on' service that is part of the planned evolution of Bitcoin and why we see VC money coming in now.
443.
Post 3676309 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.27h):
As I understand it, the payment processors referred to in the video would handle smaller value transactions at a rate much faster than 7tps, which would then be added to the blockchain by the payment processor.
I am not a techy, so my understanding may be incorrect, but this is how I understood it.
Perhaps there is someone more qualified on hand who could explain how this would work.
I am also speculating that it is exactly this kind of 'bolt on' service that is part of the planned evolution of Bitcoin and why we see VC money coming in now.
Basically a fancy escrow service. Which is what banks and the credit card companies are at the moment in certain aspects.
So,in theory, could this kind of service be offered to the general public at a price that undercuts CC's and banks and makes the 7tps and the blockside limit non-issues ?
444.
Post 3676618 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.27h):
As I understand it, the payment processors referred to in the video would handle smaller value transactions at a rate much faster than 7tps, which would then be added to the blockchain by the payment processor.
I am not a techy, so my understanding may be incorrect, but this is how I understood it.
Perhaps there is someone more qualified on hand who could explain how this would work.
I am also speculating that it is exactly this kind of 'bolt on' service that is part of the planned evolution of Bitcoin and why we see VC money coming in now.
Basically a fancy escrow service. Which is what banks and the credit card companies are at the moment in certain aspects.
So,in theory, could this kind of service be offered to the general public at a price that undercuts CC's and banks and makes the 7tps and the blocksize limit non-issues ?
Everyone thinks off-chain payment processors will be created on their own. The question is, are they being created?
If they fill a need and are economically viable, they will be created. If they are a part of the natural evolution of Bitcoin, they will happen. Perhaps there is no need for them yet ... as I understand it we are nowhere near the tx limit yet.
In which case, why would anyone be doing any more than laying the groundwork for them ?
445.
Post 3676655 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.27h):
yady yady yady yady
yady yady yady yady
This is indeed bringing back (painful) memories of summer again
Are we gonna need to get you two boys a room again
?
446.
Post 3684913 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.28h):
The scornful replies to my observation indicate that you have too many bitcoins and that makes you emotional. I suggest you do what I have done and cash out a couple of $M so that you can sleep better and become less touchy
I thought it was great advice for anyone in your position - why hold it all if selling 10% guarantees a comfortable life ? That's just stupid and greedy IMO. And gradually selling more at certain price targets, great strategy ...
You certainly seem to have regained a lot of your health now - good to see
Unfortunately I am not in the position that you are, but if my small stash ever becomes life changing, I will surely follow your lead and cash some out
447.
Post 3696626 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.28h):
I now he said that , but you didn't denied the word everyone , just the time frame.
And I really don't get it how you can say everyone is wealthy now by the 1950 standards.
Wha??? Even the beggars are bow wealthy by the feudal age standard?
I 'm missing something or I haven't had enough coffee.
Again, I said "almost everyone," so not necessarily including beggars. Consider how much things have really changed:
http://www.youtube.com/watch?v=m-LJ3wZjD4I&t=3m45sThis speech is really good, thanks.
You may also like:
http://www.youtube.com/watch?v=BRhtmcxDSIs&t=3m15sMany hanks from me too
Gonna take me a long time to digest everything you have posted this morning, but there are surely some gems in there
Nice job
448.
Post 4190605 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.48h):
Nah ... looks more like the end of a bull trap to me, and a pretty predictable one at that
New lows in the next 2 weeks IMO and months before we see $1000 again
Maybe then people will stop using this childish 'HODLING' word after they get a good SPANKING
Current uptrend tested but still in tact:
.....the larger fib resistance proving to be tough to get through.
Jees, it's been about 5 minutes ... that hardly qualifies as 'tough'
There will be at least one more bull trap before January 31st when Chinese have to withdraw fiat from their exchanges.
I'll repeat this. After January 31st Chinese can withdraw. Just not fiat. So, just like on MtGox: Buy BTC and withdraw those.
Now your homework exerice: Will this provide (short term) momentum up or down for Bitcoin prices?
Alot can happen in the BTC in one month.
Perhaps China will "change their minds" after some regulation comes into play.
If that does not happen, news of more large companies like Overstock.com accepting BTC will bump the price.
These are just a couple of things.
The January 31st deadline is something to think about but it is no guarantee that the price will drop.
the correct answer to wws question is up...
btw. i sold major portion, im now 80/20 (usd/btc)
Ditto
BitChick, you sound desperate ...
449.
Post 4191442 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.48h):
Given the position I'm trying to get into for compliance, short term tarding would just be foolish. Add to that that I think by the time I'm ready to liquidate a significant portion they'll be worth more than they are today, I'm hodling, hodling from bitcoin tarding.
Does that make you a hodling tard then ?
450.
Post 4230410 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_11.49h):
And then, since your definition is based on someone's calculation to mislead who is the final arbtrar of intent?
The court is the final arbitrator, you moron.
My definition is also shared by the court.
There are higher 'courts' than the ones you speak of
451.
Post 5124146 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_12.07h):
I understand how it normally would react to eachother but as far as i know Gox prices aren't relevant anymore. It's a non functioning exchange. Why would someone trading on Stamp even pay attention to gox anymore.
Their 24h volume right now is higher than stamp. Over the past 30 days, they're still at about 70% of stamps volume.
Sure, like everyone else I hope gox is dying, but you know how those death throes of former giants can kinda still cause quite a bit of damage. If all goes well, we won't be paying attention to gox price anymore in a year from now. But for now, it's hard to ignore completely, considering the amount of coins and USD bound to that black hole.
The problem is one of perception
It is all very well those who are educated enough to understand the (protocol) problem realise isn't that serious. But the vast majority of people outside, and a lot inside do not. Perception is reality to most people, flawed or not. And it just gives the haters a stick to bash with.
As for Gox, and media attention stimulated by their activities is still very relevant to BTC as it affects how the majority of people OUTSIDE of the community perceive things. Ignore this at your peril. If they do not go down quietly or it turns out they have defrauded many people, it will affect public perception, adoption and therefore price, for a period of time.
Not trying to to spread fear - I just feel that a lot of people who are very well informed about Bitcoin have blinkers WRT to this. The danger comes from the uniformed, those who are targeted every day by a sensationalist media.
452.
Post 5124434 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_12.07h):
I can't help but think that when this non-issue is officially fixed - tomorrow? - it's going to fly.
Probably
And for traders, its probably a great opportunity.
For me the question is more one of what damage has been done credibility-wise, and how long it will take for that to wash through the system, and for people to forget about it. Let's be honest, the whole thing does not look great.
Flip side is that if it got fixed quick, some credibility is re-gained ...
Interesting times ...
453.
Post 5128081 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_12.08h):
Meanwhile in other news, gold is over 1300 again and rising like a champion.
So when the front is prepared, the rear is lacking, and when the rear is prepared the front is lacking. Preparedness on the left means lacks on the right, preparedness on the right means lack on the left. Preparedness everywhere means lack everywhere.
Sun Tzu
So if we pull down all the defences we will be prepared for anything .... hmmm .. I think there is deep wisdom in there somewhere
454.
Post 5128289 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_12.08h):
Why hold at 400 when you can buy back at 200. Or 100. Or 2 dollars!
Blasphemy !
455.
Post 5128609 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_12.08h):
Meanwhile in other news, gold is over 1300 again and rising like a champion.
So when the front is prepared, the rear is lacking, and when the rear is prepared the front is lacking. Preparedness on the left means lacks on the right, preparedness on the right means lack on the left. Preparedness everywhere means lack everywhere.
Sun Tzu
So if we pull down all the defences we will be prepared for anything .... hmmm .. I think there is deep wisdom in there somewhere
We're not the attackers (at least, not me but there's plenty in this thread), sound money is under attack and that's us and precious metals. Let them push it down all the way, that will fund a second wave of folks smart enough to see Bitcoin's potential to join the future wealthy elite. Its really hard to see if that's intentional or consequential
but the only thing that can save fiat now is a world war (or some other really good excuse to sever global communications).
I like the way you think, though I am not concerned about being amongst the wealthy elite myself, I just hope for a less tyrannical world where the poor are not robbed to glorify the rich, and kept in perpetual slavery. Personal wealth is not high on my agenda.
It's the italicised part that really concerns me, whether it be intentional (read 'false flag') or the probable side effect of diabolical policy making intended to prop a dying system for as long as possible and leading to the next world war. I hope there is time to turn back.
456.
Post 5142787 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_12.09h):
We (at MtGox) will implement this new hash index in our transactions database and start working with it (we will announce a maintenance as we will have to stop bitcoin deposits too during the database schema update) and will start providing this new hash when customers are withdrawing bitcoins, litecoins, or any other coin based on Bitcoin we may support in the future.
A cynic might say that this is gox doublespeak again. Mentioning Litecoin support in the same sentence as starting to provide the new hash just seems, well , odd ... and nothing at all about when ...
Meanwhile, up she blows ...
457.
Post 5178043 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_12.10h):
plus500 switched to btc-e
please show a link for this
thank you
sorry where does it say on that page that they have swithced to btc-e
Have a look into what instruments they are offering
is still quoting MtGox, but since they re-opended after their weekly downtime (sun 12-2pm) trading was only possible for a few minutes. Price is ticking, but trading disabled. Perhaps they are having discussions about a switch ... would be wise.
Stamp would be a much better choice than BTC-e ... but I guess they much be in favour of wild cards like that spike down to $102
Watch this space.
Certainly seems like the safest way to play the Gox price if you want to. No way I would wire money to Gox, but I would take Plus500 CP risk for a short term punt ...
Oh yeh, cows in the UK definitely go mooooo ... except the mad ones, which go like this
http://www.youtube.com/watch?v=0gi5IEjeH6E
458.
Post 5178173 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_12.11h):
it seems though that mtgox price is back working now as it allows me to close my open position
Interesting ... in the UK I am seeing the price tick, but am unable to input orders ... buy/sell boxes do not click
459.
Post 8784127 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.12h):
Is this the BTC bipolar support group ? Am I in the right place ? It's been a while ...
460.
Post 8784148 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.12h):
But how would you feel if it went up tomorrow Gatekeeper? Would you feel better? Come lay down on the couch ... it's gonna be OK
Just some little ups and downs ...
Oh ... I forgot to say we are all doomed .. read it here so it must be true
461.
Post 8784255 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.12h):
Hey Adam , got a confession ... I was the 7777 saboteur ... was hard work, but so much lulz
Took me hours to hammer it down 10 pages ... hehe
462.
Post 8784431 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.12h):
But fallllllllllling said we could get them for $100 or less if we wait
Is this not true ??
He seems such a reliable source of knowledge
463.
Post 8784458 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.12h):
But fallllllllllling said we could get them for $100 or less if we wait
Is this not true ??
falling probably
had more bitcoins then all of us combined.
Nah, he's the forum version of Pay per view porn ... definitely sponsored
464.
Post 8784565 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.12h):
But fallllllllllling said we could get them for $100 or less if we wait
Is this not true ??
falling probably
had more bitcoins then all of us combined.
falllling cut his loosses at $680, and he warned all of you. he was correct and fortunately has helped some others cut their loosses too.
Obvious bear market is obvious bear market, but it WILL turn ... if he calls that, then i will reconsider if he is pay per post or not ...
465.
Post 8784613 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.12h):
Its me or the 480 wall is smaller now?
Only 1100 coins, I'm sure that was at least 1500 not long ago
Sorry ... but ... it's just ... an
http://www.youtube.com/watch?v=TnfHdZrmMAwAll smoke and mirrors ...
Just like fiat ...
Hey Adam ... don't be down ... Bitcoin ain't gonna break, and that is all that matters in the long run. Hurts to see you sad. Meanwhile, price gonna do what it's gonna do
466.
Post 8784755 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.12h):
Otherwise, where else would you invest your fiat that would be better than BTC?
Well, buying US equities this year and now selling to buy BTC would have been a much better option ... so there are other ways to play the game unless you are a hardcore 'BTC only' fiat hater ... that has not worked out so well this year, as most dogmatic POV's don't
Just saying ...
467.
Post 8784828 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.12h):
Hey Phoenix:
Are you gonna attempt to dump posts again when this thread approaches 8888 pages - just for lolz? You do NOT have a lot of posts that you can dump, so maybe 30 pages at most.... ? but I suppose that you can attempt to inspire others to dump posts, too.. but it seems to be quite childish and negative towards the historical value of this thread to engage in such dumping conduct.... even though there are short-term lolz that are created...
Anyhow, 8888 coming soon and I call it early as inevitable!!!!!....
Nah, that was just lulz, and I sweated for it !! As you say, it was inevitable! Seeing people post graphs of the post count collapsing was hilarious and only encouraged me more. 'I think we are over the worst' - I went nuts deleting as much as possible! I had nothing against 7777, just got inspired by the first person to delete a post for the same effect, and carried on going. Nothing personal .... got nothing against 7777 or 8888. 9999 ... well, that's another story
Childish ... maybe ... fun ... sure !
And lets face it, there's lots of childish stuff here without which it would be as dry as something really dry that needed loads of vaseline
EDIT: I was careful to delete mostly meaningless posts of no historcial value - it was not hard
468.
Post 8784877 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.12h):
My pleasure ... if you had not all been enjoying it too it would have been no fun at all !
I did love the conspiracy theories though !!!
469.
Post 8784974 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.12h):
JJG I think we could collectively drop at least 2k pages without anything significant being lost ! I mean, who the fuck is gonna read through 10k pages of this thread in x years time. Surely only a droid would attempt such a feat. And the malfunction upon absorbing such nonsense would surely result in such dire malfunction as to require immediate termination.
470.
Post 8785021 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.12h):
Yup
You know, that was half the fun too - the 'how dare people delete' chorus lol !! Such nonsense ... much laughing
EDIT: That's not a buy recommendation for Doge
471.
Post 8791986 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.12h):
472.
Post 8792196 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.12h):
From now call me weak hand, I'm going to sell a small percent of my hodling coins.
Keep in mind people like you are causing the price to drop.
You can't sell and then complain that the prices go down.
That's OK, you will surely do the complaining for him
473.
Post 8792245 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.12h):
From now call me weak hand, I'm going to sell a small percent of my hodling coins.
Keep in mind people like you are causing the price to drop.
You can't sell and then complain that the prices go down.
I'm talking about 0,2 btc I'm just a poor hodler
was you? You should be ashamed of yourself
474.
Post 8801442 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.12h):
^^ This. Looks like that big buy was no whale accumulator, but a/many shorter(s) closing their positions for low slippage.
Potentailly bearish in reality as 11k was waaay too high for the market to make any significant move down.
Now at 5.5k, there are not enough shorts to squeeze IMO.
EDIT : My numbers are wrong 9.2k shorts dropped to 5.8k. Misread chart
475.
Post 8801648 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.12h):
^^ This. Looks like that big buy was no whale accumulator, but a/many shorter(s) closing their positions for
low slippage.
Potentailly bearish in reality as 11k was waaay too high for the market to make any significant move down.
Now at 5.5k, there are not enough shorts to squeeze IMO.
What does this mean? I am not very familiar with the technical terms...
That big wall on BFX allowed the majority of the 5k shorts to be closed without moving the price significantly.
Low slippage = executing an order without significantly moving the market - if the wall had not been there, executing a market buy to close those shorts would have wiped out the order book and pushed the price way higher = high slippage
Hence why they were potentially a sitting duck for a short squeeze. Now that they are gone ...
476.
Post 8801790 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.12h):
On the other hand it is bullish that they closed them, right?
Even if we won't have such a sudden spike in price.
Could be! IDK
If they now turn net buyers then yeh, for sure! But low open short positions can actually signify bearish, not bullish conditions as, well, a lot of traders get long at the tops and short at the bottoms thereby creating the turning points as they get squeezed. We will see ...
Just pointing out that, all else being equal, a bit of thrust had potentially been removed. Would have been juicy if the wall had been eaten AND the shorts were still open. That coulda got real interesting real quick!
I'm afraid those shorts were a warranty against the price going down. Shorts are btc sold for usd with the hope of buying back when price goes down, so (i could be wrong as i lack experience there) in my understanding shorts = potential buy pressure on a downtrend.
Now that market went clear of those, with low slippage also, it could very well go down to squeeze longs without that added buy pressure.
That's what I see, though TBH the net longs on margin does not look perilous and has not changed much recently. I think the froth was been taken out of that with the last liquidation.
So probably more boring sideways action yawn ...
477.
Post 8802469 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.12h):
Just want to clarify that the numbers in my post were incorrect ... 9.2k shorts were reduced to 5.8k with that buy. Read the chart wrong.
FWIW, if IIRC correctly that wall on Stamp and the one on BFX went up at the same time, ergo same entity, so it is likely real or would have been pulled by now. Certainly looks like we will be finding out soon enough
478.
Post 8836776 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.13h):
This feels like Sunday.
I really thought Aug+Sept would be rally time. This thing is taking its time.
LTC seems to have been a leading indicator for BTC in the last few weeks. ATM it looks like it is rolling over again - watch carefully.
Personally I think we will continue to grind down for several more weeks, but I have been wrong many times before
Sorry bulls, yes, I am bearish right now ...
The Braintree integration is good news, but it is in beta and the lead time is long. Meanwhile, patience is required. A hype cycle is required, and ATM I don't see it
479.
Post 8837355 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.13h):
Is that Risto?
480.
Post 8837574 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.13h):
It's been a slow steady decline for quite sometime now. Who brought in the reinforcements?
https://www.youtube.com/watch?v=XPiqKAB4JC0or alternatively ....
https://www.youtube.com/watch?v=yWBIZ2o-ua4
481.
Post 8837685 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.13h):
OMG.... I saw 466.66.... devil's numbers!!!!!
If you cannot fight them, join them.
Cut your loose!!!! is crypto done??
yes
The next 12 hours are
CRUCIAL!!!!The next 24 hours will determine the future of cryptocurrency for the next decade.
The next 48 hours will determine the future of life on earth
EDIT : Confirmed ... 1 hour volume on BFX at 1am was 1111 ... its the singularity
482.
Post 8846991 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.13h):
Smart money is dumping btc on exchanges to hold down marks for contract coins. This much I know for a fact. I then speculate: When that dam breaks, there will be a mighty wave.
Thanks for the confirmation. I have long suspected that this is exactly what is going on.
And if they can cause a few panic sells and margin cascades and pick up even cheaper coins, all the better. When they have had their fill or strong enough demand comes from another source they will take it right back up again. The are just playing the long game and taking advantage of the current BTC inflation rate to pick up freshly mined coins at a leisurely pace and favourable price. Smart.
So to those who think BTC is broken if we go below $xxx ... rubbish.
In the meantime the infrastructure is being built to make BTC truly useable and more accessible.
Would not be possible to do this if BTC was already mainstream (well, perhaps possible, but harder and more risky)
This is actually bullish for the long term
I disagree that they would not go so far as to cause a crash. They are playing the long game where the goal is to pick up as many coins as cheaply as they can, prior to running it back up again. They will be the ones catching the falling knife in a crash scenario. It may very well be their endgame.
483.
Post 8847266 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.13h):
Is that Risto?
i lol'ed again
Maybe this will cheer you up again Adam
484.
Post 8850922 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.13h):
What service did they provide to businesses accepting BTC?
I believe several exchanges used banks in Isle of Man to process their fiat.
Last I heard Isle of Man, only weeks ago, was positioning itself to be BTC friendly and a centre for BTC innovation and startups
http://www.coindesk.com/meet-british-crown-dependencies-vying-become-bitcoin-island/http://www.coindesk.com/isle-man-outlines-plans-digital-currency-regulation/This seems like a complete U-turn <confused>
For those that don't now it is a tax haven off the coast of the UK, also well known for its crazy and lethal TT motorbike race.
485.
Post 8859866 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.13h):
Maybe i'm obsessed with ddos, but it seems like stamp trading slowed a lot
Bitstamp is drying up... they didn't innovate at all, Bitstamp today is like Bitstamp the end of 2012, all they did is add 2FA (very late last year)
and add stop loss this month, they are so slow regarding innovation.... and their insane know your customer practice is not the best way to bring more customers (if not the reason to lose more customers).
Wait, they added stop loss at Stamp ?
That could be entertaining ...
486.
Post 8859885 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.13h):
I've not seen such a wide spread across the exchanges since I got into BTC early year. It's quite clearly a manipulated flush on key exchanges. BTC china has been dragged by the feet but its obvious there is too much hurt because te exchange is +$15 and doesn't want to follow off the cliff.
We can only wait until this entity / group is done with their mission. The shorters will have to pull out of their positions soon as well, they are all going to get cluster-fucked if the trend reverses sharply - and it will when the dump is over.
Cool story bro
487.
Post 8860075 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.13h):
is crypto done??
is fiat done??
is gold done??
Is Adam done??
488.
Post 8860115 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.13h):
If you look here (
http://www.bfxdata.com/combined/btc.php) you will notice that the huge Bitfinex sell wall that was bought in one go the 13th september (4 days ago) was basically just shorters taking profit.
Shorts are down by a lot, check the stats.
Not even a short squeeze can save us.
lol
Yeh, saw that!
I think it was actually some of them getting impatient and throwing in the towel lol
Seemed like a very good sell signal to me
489.
Post 8860346 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.13h):
price seems to have a strong tendency to rise, but it keeps getting knocked down b4 any momentum can build
<chart of bitcoin doing nothing but falling>
You got dem rose tinted specs on again haven't you ??
OK ... there is one big green dildo on there, I'll give you that much lol
490.
Post 8860380 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.13h):
price seems to have a strong tendency to rise, but it keeps getting knocked down b4 any momentum can build
<chart of bitcoin doing nothing but falling>
You got dem rose tinted specs on again haven't you ??
OK ... there is one big green dildo on there, I'll give you that much lol
poeple see wtv they want to see, i am no different.
true dat
491.
Post 8861129 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.13h):
justusranvier was right about the Isle of Man providing banking services to BTC exchanges
The Faster Payments service (basically instant UK bank transfer to the exchange) has just been halted on London based Coinfloor as a result of the Isle of Man news last night. UK Banks cockblocking ...
It appears that, once again, the British banking system has attempted to stifle Bitcoin innovation and adoption in the UK. This only serves to hold London back from becoming the financial services capital of the Bitcoin ecosystem and thus mirror its leading position in the global financial industry.
Sure, it's a tiny exchange, but it is not good for UK BTC business.
http://blog.coinfloor.co.uk/Here is the related news article from last night for context
http://www.coindesk.com/banks-cut-ties-isle-mans-bitcoin-industry/
492.
Post 8862062 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.13h):
justusranvier was right about the Isle of Man providing banking services to BTC exchanges
The Faster Payments service (basically instant UK bank transfer to the exchange) has just been halted on Coinfloor as a result of the Isle of Man news last night. UK Banks cockblocking ...
Sure, it's a tiny exchange, but it is not good for UK BTC business.
http://blog.coinfloor.co.uk/Indeed.. however, Mr Osborne and others, are being asked, for clairty on the situation, i.e it is all very well and good that he wants London/UK to become a Bitcoin/cryptocurrency hub, however he
needs to let the banks know as well.
<snip>
(Edit: although I imagine that they are currently eyeballing Thursdays referendum and having a WTF moment in Westminster and Whitehall)
What Osborne
says and what he
does don't seem to have much of a correlation IMO. The gov does its best to protect the banks at every turn, with the occasional morsel thrown to the public for PR it seems. I would be very surprised if he was unaware of this latest move against BTC in The Isle of Man.
And yeh, lol, I imagine there are a few bricks being shat in Westminster ATM!! But I agree, likely 'NO' will prevail ... will be carnage for the Ł if not, and set a very dangerous precedent for the whole Euro experiment
I imagine there are some very influential people pulling strings as hard as possible right now
493.
Post 8862182 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.13h):
Dipped again, bought again. Cheap coins for everyone who wants them!
Obviously no one
The fact that the price has been sustained at, or above $450 for a while, with more BTC being created daily, shows plenty of people want them.
Really ? I cant remember since when the price was/is sustained @ $450, wait... is it since the time it was $550 and you said we will never see $500 again, or is it since the time the price was $650 and you said you feel a bubble forming ?
cant really blame you, people are just desperate..... meanwhile lets do something fun, you ask your inspiration (risto, for readers who doesn't know) about how many coins he still hold and he have to sign a message were coins are contained, and come back to me with the answer and I will make it more fun and interesting with few other facts.
So what a fair price would be for you?
I've got $280-$300 pencilled in as a low in mid October. Don't know if its a 'fair' price, just think that's where we are headed ...
494.
Post 8862454 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.13h):
Is that Risto?
For lulz again
495.
Post 8862992 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.13h):
Can't get enough of that one
496.
Post 8865430 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.13h):
!! Why are people selling? Oh well, I'll keep buying!! In less than a year, I'm going to be rich!
Can't tell if trolling... or just stupid...
The latter, both him and podyx will be facing reality soon. I hope.. or else they will be dead broke.
Risto knows how to make an entrance
497.
Post 8865563 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.13h):
This one is spooky ... it goes round and round in your head ...
498.
Post 8865583 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.13h):
scary shit these bitcoins
Yeah, dunno what they cut them with, but it's trippy
499.
Post 8865615 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.13h):
scary shit these bitcoins
Yeah, dunno what they cut them with, but it's trippy
bitcoins are 100% bit.
simply can't buy better shit anywhere.
500.
Post 8873672 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.13h):
Do you think they will do that special promo thing at BTC-e again soon where they hand out really cheap coins ?
Or do we have to wait til next week for that ?
501.
Post 8873749 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.13h):
Do you think they will do that special promo thing at BTC-e again soon where they hand out really cheap coins ?
Or do we have to wait til next week for that ?
That doesn't happen every month. I think the price would need to fall sub 350$ for that.
So next week then
Seems like China finally wants to join the party and take the lead on this - big dumping on Huobi
502.
Post 8874127 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.13h):
Got all my available fiat ready on Bitstamp
USD 300 and i´m all in! Might be the worst misstake of my life, but i have faith in
BTC.
You guys crack me up, always setting bids $80-100 lower than it will go. Don't worry, your order won't get filled.
Oh ... I thought he meant another he had $300 of fiat and was about to buy !
503.
Post 8874703 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.13h):
If we go sub 340, I have to make THE hardest decision of my life
I really hope I don't have to do that...
Cardboard box or the mother in law?
504.
Post 8877926 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.13h):
Just woken from a nice nap ... did I miss anything ?
505.
Post 8878790 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.14h):
my god...
Which one is that? Is he any good ? Can you send me a leaflet ?
506.
Post 8879903 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.14h):
Alex Salmond said bitcoin could be Scotland new currency. I'm wondering if this btc hammering is meant to discourage the divorce from sterling just in case "Yes" wins. Just a random tought, but must say timing is perfect
Let's be serious for a moment. No sane Scot is giving any thought to making Bitcoin the official currency.
Let's be serious for a moment. Scots are not sane, they're a bunch of crazy skirt wearing wee girilies. And they don't think, that's why they need governing by the UK.
507.
Post 8880034 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.14h):
Alex Salmond said bitcoin could be Scotland new currency. I'm wondering if this btc hammering is meant to discourage the divorce from sterling just in case "Yes" wins. Just a random tought, but must say timing is perfect
Let's be serious for a moment. No sane Scot is giving any thought to making Bitcoin the official currency.
Let's be serious for a moment. Scots are not sane, they're a bunch of crazy skirt wearing wee girilies. And they don't think, that's why they need governing by the UK.
Taking that claim at face value, no-one there is considering Bitcoin as the national currency anyhow.
No, but Doge is in with a chance apparently, that and Haggiscoin
508.
Post 8893550 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.14h):
Gentlemen, get ready your reserve pants. Shit is coming.
If you run out of pants you can borrow shroomy's dirty old cum rag
509.
Post 8893627 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.14h):
Gentlemen, get ready your reserve pants. Shit is coming.
If you run out of pants you can borrow shroomy's dirty old cum rag
What if the pants you're wearing are shorts?
Buy Shroomy a new rag with the profits
Or just give him an old sock
..these people don't seem to want to stop till Bitcoin is completely destroyed and left like an old cum rag in the corner of the room.
This quote should be immortalized, instant classic.
Yes it should! Perhaps we should have a poll asking who exactly has a pile of old cum rags in the corner of their room ...
I worry about you Shroomy, I really do
510.
Post 8893712 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.14h):
Quick poll: should i use my remaining fiat to buy in now?
We've been going down for 9 months. Why would it stop here? Do you see anybody dying to get back in? I certainly don't.
But whatever you do don't follow my investment advise because in the end i know nothing more than anybody else here.
YES>>> Shroomie.. is getting into the self-analysis phase of his doggiebird existence...
One thing about shroomie that seems to be consistent is that he consistently complains about nearly the same thing, over and over and over... you fucking dumping idiots!!!!
His mum is gonna get a nasty shock when she finally gets her basement back
511.
Post 8893768 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.14h):
Gentlemen, get ready your reserve pants. Shit is coming.
If you run out of pants you can borrow shroomy's dirty old cum rag
That is no way to talk about a lady
You are confused, that's a dirty old cum
hagEDIT: He might offer you her if the price drops much lower
512.
Post 8906442 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.14h):
Some crazy arb bot action on BTC-e. Cant quite work out wtf is happening, but there seems to be someone heavy and erratic trading going on in LTC/BTC and LTC/USD spilling over into BTC/USD ...
513.
Post 8906652 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.14h):
Some crazy arb bot action on BTC-e. Cant quite work out wtf is happening, but there seems to be someone heavy and erratic trading going on in LTC/BTC and LTC/USD spilling over into BTC/USD ...
Interesting. The BTC sells are coordinated with the LTC buy... But the slippage involved mean that this is either an arb bot gone wild or some trader with too much money...
Yeh, that's what I'm seeing too ...
Remember 31st Aug? Now that was bot madness lol
514.
Post 9033384 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.17h):
Awesome buying.
Now make sure to all dump at once soon to take your 100 bucks profit and then come here and wonder why the price keeps going down.
This is very bullish news ... he has been moaning about selling for $50 profit until now
He is much cleverer than we thought - this is very subtle psychological manipulation to encourage people to run their profits a bit longer
515.
Post 9051569 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.18h):
Long term this is bearish for the dollar. It will contribute to the fall of the Petrodollar and the rise of the Renimbi to full reserve currency status.
As the recent fall in BTC is directly correlated with USD strength, this is possibly bullish for BTC as we may see the USD weaken on this news. The cynic in me thinks this may actually explain part of the recent run-up in the dollar ... a pump and dump by the big players with insider knowledge.
Watch for a turn around in $ ...
https://www.tradingview.com/v/KcWtJSaK/Interesting times.
516.
Post 9051874 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.18h):
Long term this is bearish for the dollar. It will contribute to the fall of the Petrodollar and the rise of the Renimbi to full reserve currency status.
As the recent fall in BTC is directly correlated with USD strength, this is possibly bullish for BTC as we may see the USD weaken on this news. The cynic in me thinks this may actually explain part of the recent run-up in the dollar ... a pump and dump by the big players with insider knowledge.
Watch for a turn around in $ ...
https://www.tradingview.com/v/KcWtJSaK/Interesting times.
You do realise you can't be a creditor nation and be the reserve currency at the same time yes? For Renimbi to achieve reserve currency status China would need to run massive deficits, which i don't see happening anytime soon.
I did not man to imply an imminent replacement of the dollar, just a shift in the balance.
And actually, yes, I do believe that the future lies in the China running trade deficits primarily from the import of food and energy and raw materials rather than consumer goods. As demand for exported Chinese goods from increasing impoverished Western consumers decreases, the balance will shift. Obviously this will not happen overnight.
517.
Post 9052078 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.18h):
Long term this is bearish for the dollar. It will contribute to the fall of the Petrodollar and the rise of the Renimbi to full reserve currency status.
As the recent fall in BTC is inversely correlated to USD strength, this is possibly bullish for BTC as we may see the USD turn around on this news. The cynic in me thinks this may actually explain part of the recent run-up in the dollar ... a pump and dump by the big players with insider knowledge.
Interesting times.
Yes, very. Timing's interesting too, Japanese and European markets are falling and look like they're gaining momentum and the props are shaking on US markets. Any thought's on the change of head at PBOC?
some say that that $ may reach parity with the € by year's end.
Wouldn't be surprised, the ECB's about to print a trillion euros in a QE type thing so the euro's going down one way or another.
Perhaps when Germany and a few others leave ...
Despite the fact the Bitcoin isn't mentioned, and it's quite sensationalist tone, I thought a lot of the ideas in this were actually very plausible. Extreme, sure, but we are in unprecedented times. Someone posted the link to the second part recently ... both are worth a listen.
https://www.youtube.com/watch?v=BKuvvEdqEV0As for your question re PBOC head, I am by no means an expert but I would guess it means less reform and less belt tightening.
518.
Post 9052198 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.18h):
This whole year Bitcoiners were telling me daily that the dollar is about to collapse. Instead the dollar is getting stronger by the day.
Because they desperately trying to keep it alive by pumping it obviously. There will be a time in the near future when this wont work any longer or they just run out of steam.
Be patient young padawan.
You would probably have more luck telling your cat to bark
519.
Post 9057997 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.18h):
Bull, bear, take notice there ;
honey badger doesn't care
lol, honeybadger juts keep on dancing
Not sure if it's trance or there is an Indian snake charmer present !
Honey badger having fun for sure
Maybe he just read some Shroomsy posts ...
520.
Post 9058539 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.18h):
Whether you give a fuck or NOT - you better pay attention!!!!!!!!
Cut your goose loose!!!!!! Yeh, get rid of that goddam goose
Then again ...
Who knows ??
521.
Post 9059083 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.18h):
i'm feeling so manic... bitcoin overdose or something, not sleeping good, speculating in my head...
FUCK YOU MR MANIPULATOR
522.
Post 9059852 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.18h):
367.8!
Maybe it is a good think Bitcoinwisdom is down right now.
I can just ignore this little drop in price a little longer.
These retests of the low price or "double bottoms" are supposedly a good thing right?!!!
523.
Post 9059916 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.18h):
<snip>
Lol, the elderly people who distrust banks will just FLOCK to Bitcoin!
No, they will die off, and be replaced by younger, more flexible people, as has happened for many generations.
Tru dat
524.
Post 9072050 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.18h):
I haven't heard much about the Bitcoin ETF lately. There seemed to be some consensus that it would open by the end of 2014. Maybe an "entity" of some sort knows something the rest of us do not know yet? This would explain a lot about why the price is being desperately pushed down.
desperately?
what is wrong with you guys/chiks? this is some healthy selling.
maybe you all need one big fat red daily 100 k dildo to understand what is going on. but we will be sub 300 by then.
Will a purple one do the job ??
525.
Post 9081362 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.19h):
Anybody in US, or any other country where it's easy to get weapons, is willing to sell me a powerful gun??
I will pay good, probably won't be needing it for a couple of months but I just want to make sure
Check any darknet market. They accept btc.
You might want to consider shorting or selling instead of killing, however.
How does it work with shipping? I live in sweden so
And any suggestion for a site?
podyx ... .from what I have seen you post recently to me are you either
a) a degenerate gambler who somehow thinks that your actions of doubling down will help push the price back up and is neither prepared to take a loss nor patient enough to hold. If you truly believe in BTC, then your original (underwater) 'investments' should be enough no?
b) an attention seeking troll
c) someone who has over-leveraged themselves to one of the riskiest assets in the world and can't handle the pressure
TBH I think it is a combination of (a) and (c)
Please quit with the melodrama, adjust your position to one you can cope with mentally and emotionally and get on with you life, for everyone's sake.
If you can't take the heat, get out of the kitchen - that's not meant to imply you are weak, it is just disturbing to see you post what you are posting and I am genuinely concerned.
526.
Post 9081832 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.19h):
DOGE held pretty good. It seems like DOGe is the only trustable hedge against cryptos.
IS FTC preparing for a pump, or is it alredy over? I think i´m gonna buy me some.
I can think of at least one other protocol that is a much better hedge.
pls dont say ripple
Or "tsunami" as I now like to call it
You might not say that if you had been standing on the beach in Sri Lanka in 2004 ...
HINT : I was ...
527.
Post 9082169 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.19h):
DOGE held pretty good. It seems like DOGe is the only trustable hedge against cryptos.
IS FTC preparing for a pump, or is it alredy over? I think i´m gonna buy me some.
I can think of at least one other protocol that is a much better hedge.
pls dont say ripple
Or "tsunami" as I now like to call it
You might not say that if you had been standing on the beach in Sri Lanka in 2004 ...
HINT : I was ...
I know the tsunami was a bad thing... but I can still use the word...it is ok. If I stopped using words everytime something bad took place, then life would be a real pain. In this case, ripple, has turned into a large wave , aka a tsunami (because the issued "ripples" just keeps growing and growing)
Also... glad you are ok after your experience..... how was it? how did you get off the beach?
Hey, not knocking you for using the word, just triggered some painful memories.
How did I get off the beach? Ran ! Fast as my legs would carry me. After hitting land and taking out the first round of trees and houses it slowed down quite dramatically and we were able to outrun it til we got to the river that looped back behind the beach. Wave was rolling down there by then, so the only way was up onto the nearest house. Then started pulling people up and we all climbed to the highest point on the roof having played our last cards. Fortunately the house held ... we were amongst the lucky ones. It was carnage.
Stayed for 2 years helping rebuild
EDIT: I didn't even connect Ripple and tsunami !! Duh! I guess that's a good example of how life experiences affect interpretation of language
528.
Post 9084381 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.19h):
Let's be honest with ourselves here: We will see double digit prices this year, whether we like it or not. We might see single digit prices as well. Let's start coming to terms with that fact.
There are too many people involved in BTC that are willing to buy coins at prices higher than double digits. The reason we see higher bottoms in the price each time the price rises is because there are more people involved in BTC and the greater the distribution, it becomes more and more difficult for the price to go lower. I am sure someone could explain this better than I am doing here. But the fact that bottom price this time around has hit above $300 now twice is actually extremely bullish for Bitcoin. We have established the new low. After the next rise or bubble there will be a new low at that point. It will probably be close to the last ATH, which was $1200 or so. That seems to be the pattern anyways.
ya but...
this time its different!
Isn't that what they always say!? If it gets to double digits you can say "I told you so."
Trust me, even BitchicksHusband, (who is much more bearish than I am) was arguing about this with me this morning and was trying to convince me to sell because "it isn't the same this time." Ugg. That hurt. I convinced him to wait it out at least.
I was willing to sell some if he really wanted to, but thankfully he agreed to be a little more patient
with youFTFY
Perhaps God was sending you a message through your husband
I am guessing he also suggested you sold some higher than this also
Don't shoot the messenger .... God moves in mysterious ways
BTW, are Risto and God interchageable in your household, or does he just have 'Prophet' status at the moment ?
529.
Post 9084457 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.19h):
The next 24 hours are critical.
They said the same thing 24hours ago
the past few days have been really critical tho
Yeh, like 'bring on the crash cart' critical ...
530.
Post 9084679 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.19h):
Perhaps God was sending you a message through your husband
Heh, there is a joke along those lines. It also touches on your tsunami experience though so I'll leave it at that.
I think I know the one !! Fire away
Something about a boat and a helicopter by any chance ??
I should probably apologise ... I wasn't offended by Empowering's words, it just touched upon something that will stay with me forever, and I guess I wanted to share it as it has shaped my life thereafter.
531.
Post 9084870 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.19h):
What's interesting is days destroyed is basically at zero. All the coins being moved to exchanges to be sold are probably very new. The theory Chinese miners are selling to get their money offshore denominated in USD is pretty interesting.
I will keep coming back to BurtW's post on mining breakeven costs based around energy, which projects a mid October price of $233. If miner's are selling there comes a price point where buying is more cost effective than mining. I could see a bottom around $250.
When calculated in the OP over the time period from March 14, 2013 to March 13, 2014 the average increase in the difficulty and hash rate was
23.92% per adjustment period and the average length of each adjustment period was
11.38 days.
Recalculated over the period June 29, 2013 to June 29, 2014 it was
23.45% and
11.41 days.
Now, recalculating over the period August 24, 2013 to August 31, 2014 it is
21.12% and
11.63 days.
Assuming the network growth rate over the next year is the same as it was this last year we get:
Hash Rate Power Energy Cost Cost
Date Difficulty TH/s MW MWh $/Period $/BTC
--------- ------------------ ---------- ------ ---------- -------------- ----------
11-Sep-14 33,220,936,877 237,808 238 66,349 $6,634,853 $131.64
23-Sep-14 40,236,446,759 288,028 288 80,360 $8,035,984 $159.44
04-Oct-14 48,733,473,526 348,853 349 97,330 $9,733,002 $193.12
16-Oct-14 59,024,880,009 422,523 423 117,884 $11,788,392 $233.90
28-Oct-14 71,489,598,585 511,750 512 142,778 $14,277,833 $283.29
08-Nov-14 86,586,583,575 619,820 620 172,930 $17,292,988 $343.11
20-Nov-14 104,871,710,060 750,712 751 209,449 $20,944,876 $415.57
02-Dec-14 127,018,241,359 909,246 909 253,680 $25,367,960 $503.33
13-Dec-14 153,841,618,762 1,101,258 1,101 307,251 $30,725,098 $609.62
25-Dec-14 186,329,486,300 1,333,819 1,334 372,135 $37,213,544 $738.36
05-Jan-15 225,678,056,071 1,615,491 1,615 450,722 $45,072,202 $894.29
17-Jan-15 273,336,153,086 1,956,646 1,957 545,904 $54,590,430 $1,083.14
29-Jan-15 331,058,561,407 2,369,846 2,370 661,187 $66,118,694 $1,311.88
09-Feb-15 400,970,635,767 2,870,303 2,870 800,815 $80,081,465 $1,588.92
21-Feb-15 485,646,557,708 3,476,447 3,476 969,929 $96,992,858 $1,924.46
05-Mar-15 588,204,117,648 4,210,593 4,211 1,174,756 $117,475,554 $2,330.86
16-Mar-15 712,419,512,763 5,099,775 5,100 1,422,837 $142,283,732 $2,823.09
28-Mar-15 862,866,387,600 6,176,732 6,177 1,723,308 $172,330,835 $3,419.26
08-Apr-15 1,045,084,236,901 7,481,119 7,481 2,087,232 $208,723,207 $4,141.33
20-Apr-15 1,265,782,371,309 9,060,961 9,061 2,528,008 $252,800,823 $5,015.89
02-May-15 1,533,086,956,002 10,974,431 10,974 3,061,866 $306,186,635 $6,075.13
13-May-15 1,856,840,218,301 13,291,983 13,292 3,708,463 $370,846,321 $7,358.06
25-May-15 2,248,962,841,151 16,098,949 16,099 4,491,607 $449,160,670 $8,911.92
06-Jun-15 2,723,892,885,897 19,498,682 19,499 5,440,132 $544,013,236 $10,793.91
17-Jun-15 3,299,117,405,623 23,616,363 23,616 6,588,965 $658,896,517 $13,073.34
29-Jun-15 3,995,816,323,188 28,603,604 28,604 7,980,405 $798,040,547 $15,834.14
10-Jul-15 4,839,642,281,734 34,644,038 34,644 9,665,686 $966,568,646 $19,177.95
22-Jul-15 5,861,665,181,962 41,960,074 41,960 11,706,861 $1,170,686,065 $23,227.90
03-Aug-15 7,099,516,184,307 50,821,092 50,821 14,179,085 $1,417,908,463 $28,133.10
14-Aug-15 8,598,773,298,472 61,553,356 61,553 17,173,386 $1,717,338,634 $34,074.18
26-Aug-15 10,414,639,578,109 74,552,032 74,552 20,800,017 $2,080,001,680 $41,269.87
07-Sep-15 12,613,975,712,232 90,295,733 90,296 25,192,510 $2,519,250,952 $49,985.14
In other words something has got to give by the end of the year, or actually before December 1One problem I have with this is the assumption that big miners are in it for BTC and not fiat. I don't know everyone's motives but I am sure that for some it is an opportunistic business model (ie buy ASIC's, mine, sell, profit). As such what gives is price and it's a race to the bottom in terms of who has the cheapest electricity. Hardware is a sunk cost now, so it makes sense to continue to mine as long as your electicity costs less than than you can sell the BTC for, even if that means just minimising losses (on sunk costs), for all those miners whose goal is not to accumulate BTC.
We hear many times that miners will just hoard or switch off and buy instead. IMO only those that are true believers and not in it for fiat will do so. The rest will get what they can out of their equipment while they can. Many a bad investment decision has been made in the past and will be in the future in many industries. Why this mythical illusion that BTC is so different?
It looks very much like mining bubble to me
EDIT : In conclusion is it not a perfectly reasonable proposition that difficulty could nosedive to match current price as inefficient miners who are in it for fiat simply switch off their hardware at some point and exit the game or wait for their equipment to become profitable again, if ever? The assumption that they will simply buy BTC instead seems deeply flawed. Meanwhile the BTC inflation rate (supply) will remain constant. In the absence of new demand where does price go ?
532.
Post 9085053 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.19h):
Saw this chart on a dutch forum; source is tradingview:
Pretty interesting to see all assets going down relative to USD. Question obviously is when and if the USD rally ends.
With the Fed dangling the prospects of higher interest rates for USD obvious trade is obvious. That they believe they can raise rates without collapsing the bond bubble and creating chaos is beyond me. I just can't see it. Maybe I am blind.
To me it looks like the final vacuum up before the freefall ...
533.
Post 9085135 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.19h):
New Poll:
Let Karpeles run Bitstamp?
Sounds like a great idea!! He still has 'Willy bot' code right ??
534.
Post 9085416 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.19h):
What's interesting is days destroyed is basically at zero. All the coins being moved to exchanges to be sold are probably very new. The theory Chinese miners are selling to get their money offshore denominated in USD is pretty interesting.
I will keep coming back to BurtW's post on mining breakeven costs based around energy, which projects a mid October price of $233. If miner's are selling there comes a price point where buying is more cost effective than mining. I could see a bottom around $250.
When calculated in the OP over the time period from March 14, 2013 to March 13, 2014 the average increase in the difficulty and hash rate was
23.92% per adjustment period and the average length of each adjustment period was
11.38 days.
Recalculated over the period June 29, 2013 to June 29, 2014 it was
23.45% and
11.41 days.
Now, recalculating over the period August 24, 2013 to August 31, 2014 it is
21.12% and
11.63 days.
Assuming the network growth rate over the next year is the same as it was this last year we get:
Hash Rate Power Energy Cost Cost
Date Difficulty TH/s MW MWh $/Period $/BTC
--------- ------------------ ---------- ------ ---------- -------------- ----------
11-Sep-14 33,220,936,877 237,808 238 66,349 $6,634,853 $131.64
23-Sep-14 40,236,446,759 288,028 288 80,360 $8,035,984 $159.44
04-Oct-14 48,733,473,526 348,853 349 97,330 $9,733,002 $193.12
16-Oct-14 59,024,880,009 422,523 423 117,884 $11,788,392 $233.90
28-Oct-14 71,489,598,585 511,750 512 142,778 $14,277,833 $283.29
08-Nov-14 86,586,583,575 619,820 620 172,930 $17,292,988 $343.11
20-Nov-14 104,871,710,060 750,712 751 209,449 $20,944,876 $415.57
02-Dec-14 127,018,241,359 909,246 909 253,680 $25,367,960 $503.33
13-Dec-14 153,841,618,762 1,101,258 1,101 307,251 $30,725,098 $609.62
25-Dec-14 186,329,486,300 1,333,819 1,334 372,135 $37,213,544 $738.36
05-Jan-15 225,678,056,071 1,615,491 1,615 450,722 $45,072,202 $894.29
17-Jan-15 273,336,153,086 1,956,646 1,957 545,904 $54,590,430 $1,083.14
29-Jan-15 331,058,561,407 2,369,846 2,370 661,187 $66,118,694 $1,311.88
09-Feb-15 400,970,635,767 2,870,303 2,870 800,815 $80,081,465 $1,588.92
21-Feb-15 485,646,557,708 3,476,447 3,476 969,929 $96,992,858 $1,924.46
05-Mar-15 588,204,117,648 4,210,593 4,211 1,174,756 $117,475,554 $2,330.86
16-Mar-15 712,419,512,763 5,099,775 5,100 1,422,837 $142,283,732 $2,823.09
28-Mar-15 862,866,387,600 6,176,732 6,177 1,723,308 $172,330,835 $3,419.26
08-Apr-15 1,045,084,236,901 7,481,119 7,481 2,087,232 $208,723,207 $4,141.33
20-Apr-15 1,265,782,371,309 9,060,961 9,061 2,528,008 $252,800,823 $5,015.89
02-May-15 1,533,086,956,002 10,974,431 10,974 3,061,866 $306,186,635 $6,075.13
13-May-15 1,856,840,218,301 13,291,983 13,292 3,708,463 $370,846,321 $7,358.06
25-May-15 2,248,962,841,151 16,098,949 16,099 4,491,607 $449,160,670 $8,911.92
06-Jun-15 2,723,892,885,897 19,498,682 19,499 5,440,132 $544,013,236 $10,793.91
17-Jun-15 3,299,117,405,623 23,616,363 23,616 6,588,965 $658,896,517 $13,073.34
29-Jun-15 3,995,816,323,188 28,603,604 28,604 7,980,405 $798,040,547 $15,834.14
10-Jul-15 4,839,642,281,734 34,644,038 34,644 9,665,686 $966,568,646 $19,177.95
22-Jul-15 5,861,665,181,962 41,960,074 41,960 11,706,861 $1,170,686,065 $23,227.90
03-Aug-15 7,099,516,184,307 50,821,092 50,821 14,179,085 $1,417,908,463 $28,133.10
14-Aug-15 8,598,773,298,472 61,553,356 61,553 17,173,386 $1,717,338,634 $34,074.18
26-Aug-15 10,414,639,578,109 74,552,032 74,552 20,800,017 $2,080,001,680 $41,269.87
07-Sep-15 12,613,975,712,232 90,295,733 90,296 25,192,510 $2,519,250,952 $49,985.14
In other words something has got to give by the end of the year, or actually before December 1One problem I have with this is the assumption that big miners are in it for BTC and not fiat. I don't know everyone's motives but I am sure that for some it is an opportunistic business model (ie buy ASIC's, mine, sell, profit). As such what gives is price and it's a race to the bottom in terms of who has the cheapest electricity. Hardware is a sunk cost now, so it makes sense to continue to mine as long as your electicity costs less than than you can sell the BTC for, even if that means just minimising losses (on sunk costs), for all those miners whose goal is not to accumulate BTC.
We hear many times that miners will just hoard or switch off and buy instead. IMO only those that are true believers and not in it for fiat will do so. The rest will get what they can out of their equipment while they can. Many a bad investment decision has been made in the past and will be in the future in many industries. Why this mythical illusion that BTC is so different?
It looks very much like mining bubble to me
EDIT : In conclusion is it not a perfectly reasonable proposition that difficulty could nosedive to match current price as inefficient miners who are in it for fiat simply switch off their hardware at some point and exit the game or wait for their equipment to become profitable again, if ever? The assumption that they will simply buy BTC instead seems deeply flawed. Meanwhile the BTC inflation rate (supply) will remain constant. In the absence of new demand where does price go ?
I agree that the idea that miners 'start buying' is deeply flawed but when mining becomes unprofitable they will stop mining, supply will be reduced and the price will stabilise. Is this not part of the big "Satoshi Plan" of checks and balances for the functioning of BTC anyway; at the moment we have a confluence of negative factors: too much supply and negative sentiment due to Gox, Neo et al.
When the miners stop the flow of coins the price will find equilibrium and sentiment will return with a stable price.
Simples.
No ... until the next halving, supply is a constant no matter how many miners mine or what the hash rate is. The unprofitable miners will stop mining, maybe, but that has no effect on the BTC inflation/emission rate, which remains a constant until the next halving regardless of how many miners there are. Whatever the hash rate, the same number of BTC will be mined in the same time (excluding small variance between difficulty adjustments). This is a fundamental part of the BTC protocol - the emission rate is a constant until the 'halvings'
Supply is fixed in this equation, re how many BTC are mined. The variables are difficulty and hash rate, but these have no effect on supply, just on profitability of miners.
If every other miner shut down and you and I could mine the (approx) 3600 BTC per day on laptops once the difficulty rapidly adjusted downwards.
Sure, the network would be massively open to a 51% attack, but I am taking it to en extreme to demonstrate what I believe is a poorly understood function of the BTC supply/demand equilibrium
535.
Post 9085531 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.19h):
Now imagine a magical land where electricity is funnelled from state-owned factories and rigs are just another hidden operating expense. How much does it cost to mine a bitcoin there?
Imagine a land where they have an excess of children, with abacuses, all mining by hand with their abaci.
(they have got dab radio to keep them going powered by geothermal of course)
Just saying the way I see it we will have a constant supply of very cheap coins from China for the forseeable future as no price is too low to sell free coins...
It has been suggested that this is indeed happening in China (I guess it could happen anywhere...). Heck, you work in the IT dept of a state owned industry and plug a few miners into their power supply. Chances of getting caught must be close to zero - just another black box with a fan. You could probably bill them for the mining equipment too
536.
Post 9085581 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.19h):
Now imagine a magical land where electricity is funnelled from state-owned factories and rigs are just another hidden operating expense. How much does it cost to mine a bitcoin there?
Imagine a land where they have an excess of children, with abacuses, all mining by hand with their abaci.
(they have got dab radio to keep them going powered by geothermal of course)
Just saying the way I see it we will have a constant supply of very cheap coins from China for the forseeable future as no price is too low to sell free coins...
It has been suggested that this is indeed happening in China (I guess it could happen anywhere...). Heck, you work in the IT dept of a state owned industry and plug a few miners into their power supply. Chances of getting caught must be close to zero - just another black box with a fan. You could probably bill them for the mining equipment too
At this point I really can't see any other explanation
This is absolutely happening IMO, the only question is what % of BTC are being mined this way and hence if it has any significance.
I have no idea, but I would place a large bet that it is happening to some degree. It's human nature.
537.
Post 9085600 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.19h):
Now imagine a magical land where electricity is funnelled from state-owned factories and rigs are just another hidden operating expense. How much does it cost to mine a bitcoin there?
Imagine a land where they have an excess of children, with abacuses, all mining by hand with their abaci.
(they have got dab radio to keep them going powered by geothermal of course)
Just saying the way I see it we will have a constant supply of very cheap coins from China for the forseeable future as no price is too low to sell free coins...
It has been suggested that this is indeed happening in China (I guess it could happen anywhere...). Heck, you work in the IT dept of a state owned industry and plug a few miners into their power supply. Chances of getting caught must be close to zero - just another black box with a fan. You could probably bill them for the mining equipment too
At this point I really can't see any other explanation
sorry... did I misunderstand... you mean covert non state funded, but using the states resources, in China? as opposed to the state doing it themselves?
Interesting thought, though they would have to be pretty sure of not getting caught... it is not uncommon to for people to disappear and never be seen again in China, but if you are talking more on a triad level.. then I guess it is a potential.
Ever charged your mobile phone at work ??
Ever met anyone in front office who has a clue about IT infrastructure? There are a few , but not many ...
Very easy to do IMO. No need for Triads, but that adds another sinister dimension so lets roll with it - Triad Manipulators
Actually, it could be anyone at any company, does not need to be state owned, or in China ...
538.
Post 9085628 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.19h):
Rule of thumb - if there is money to be made, someone is doing it ...
539.
Post 9085687 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.19h):
One problem I have with this is the assumption that big miners are in it for BTC and not fiat. I don't know everyone's motives but I am sure that for some it is an opportunistic business model (ie buy ASIC's, mine, sell, profit). As such what gives is price and it's a race to the bottom in terms of who has the cheapest electricity. Hardware is a sunk cost now, so it makes sense to continue to mine as long as your electicity costs less than than you can sell the BTC for, even if that means just minimising losses (on sunk costs), for all those miners whose goal is not to accumulate BTC.
We hear many times that miners will just hoard or switch off and buy instead. IMO only those that are true believers and not in it for fiat will do so. The rest will get what they can out of their equipment while they can. Many a bad investment decision has been made in the past and will be in the future in many industries. Why this mythical illusion that BTC is so different?
It looks very much like mining bubble to me
EDIT : In conclusion is it not a perfectly reasonable proposition that difficulty could nosedive to match current price as inefficient miners who are in it for fiat simply switch off their hardware at some point and exit the game or wait for their equipment to become profitable again, if ever? The assumption that they will simply buy BTC instead seems deeply flawed. Meanwhile the BTC inflation rate (supply) will remain constant. In the absence of new demand where does price go ?
I agree that the idea that miners 'start buying' is deeply flawed but when mining becomes unprofitable they will stop mining, supply will be reduced and the price will stabilise. Is this not part of the big "Satoshi Plan" of checks and balances for the functioning of BTC anyway; at the moment we have a confluence of negative factors: too much supply and negative sentiment due to Gox, Neo et al.
When the miners stop the flow of coins the price will find equilibrium and sentiment will return with a stable price.
Simples.
No ... until the next halving, supply is a constant no matter how many miners mine or what the hash rate is. The unprofitable miners will stop mining, maybe, but that has no effect on the BTC inflation/emission rate, which remains a constant until the next halving regardless of how many miners there are. Whatever the hash rate, the same number of BTC will be mined in the same time (excluding small variance between difficulty adjustments). This is a fundamental part of the BTC protocol - the emission rate is a constant until the 'halvings'
Supply is fixed in this equation, re how many BTC are mined. The variables are difficulty and hash rate, but these have no effect on supply, just on profitability of miners.
If every other miner shut down and you and I could mine the (approx) 3600 BTC per day on laptops once the difficulty rapidly adjusted downwards.
Sure, the network would be massively open to a 51% attack, but I am taking it to en extreme to demonstrate what I believe is a poorly understood function of the BTC supply/demand equilibrium
We'd better get the entire 21M of the buggers mined then and get things simplified then.
And therein lies the problem ... the emission rate is mapped out in advance and an intrinsic part of the protocol ... no way to speed it up without a hard fork. Actually, speeding it up would make things worse right now. Hence the focus on the block reward halving in 2016 (from 25 to 12.5 BTC per block I believe) as a catalyst for the next rally ... LESS SUPPLY !!
540.
Post 9085700 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.19h):
Have you ever been to China? sure they have criminals, prisons full of them, but the average guy is not so gun ho for fucking with the machine, not unless they KNOW there is very very little chance of them getting caught...
Sure people might charge their cell phones at work, but we are talking about an industry that has got farms popping up like this (this one s in China edit actually HK to be precise)
=
I cannot imagine being able to plug this into work and have no one notice.
A few BFL machines hidden in the sever room is not going to cut it.
Now farms run by organised crime, that have literally hacked into and tapped a mains line somewhere...somewhere where it would not raise any eyebrows (like grow operations have been known to do) that I can imagine (if we are talking about this happening on a big scale, big enough to have an effect on the market, and if we are not, then it is more the guys with the farms like in the pic above, and the guys running on geothermal in europe, that are going to have an actual effect on the market (even if DIY small timers were saving a few extra bucks on the sparks, and there was a few of them, with a few machines hooked up here and there, sooner or later they are going to be out maneuvered.)
Why your phone so BIG !!
Yeh, be pretty hard to sneak this in in your lunch box ...
541.
Post 9113996 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.21h):
mmitech brings good bearish points to the table I just wish he wasn't so smug about it.
If he means well and wants to tell truth as he sees it (as he asserts) he's hurting his cause by presenting it in an often offensive manner which makes people overlook his points and focus on the delivery. Self-image won't let us agree with somebody who we perceive to be disagreeable and if he turns out to be right, we will hate him for that. Some people find joy in that though, are you one of those people, mmitech?
I was bullish when I thought it was appropriate and right, and I turned bearish when I thought it is appropriate and right, I wasn't hated but I was considered as a "bitcoin advocate" but when I turned bearish they consider me as a troll and a fudster....it is easy to explain, I said it and I will repeat it, Bitcoin community is full of cultist hopeless people who depend on Bitcoin success to make anything in life.
No, I wont change my tone....I am also not an arrogant greedy bastard, because I did notice people here like to lick ass that kind of people.... truth hurts, destroying hopes and dreams also hurts,
but most importantly being emotionally invested in anything will eventually hurt as well. Being emotionally invested in anything is the first big mistake one should avoid when investing in anything, yes.
That includes attitude, which is an investment in yourself
542.
Post 9120259 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.21h):
Oh yeah, the BTC and GBP and Oil graphs took quite the same, don't they?
Readers hopefully will not look at the vertical scales, and will not notice that GBP fell 7% from the high point in June-July, Oil fell 14%, and BTC fell 50%.
And then bitcoiners wonder why people do not trust bitcoin...
Does that article someow break the protocol?
Absolutely! Without a doubt, at the very least it shows that Oil and GBP have a better protocol. My only issue is that I still can't figure out how to store my oil safely in paper wallets. They just get all greasy and the QR code becomes unreadable
543.
Post 9120301 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.21h):
Oh yeah, the BTC and GBP and Oil graphs took quite the same, don't they?
Readers hopefully will not look at the vertical scales, and will not notice that GBP fell 7% from the high point in June-July, Oil fell 14%, and BTC fell 50%.
And then bitcoiners wonder why people do not trust bitcoin...
Does that article someow break the protocol?
Absolutely! Without a doubt, at the very least it shows that Oil and GBP have a better protocol. My only issue is that I still can't figure out how to store my oil safely in paper wallets. They just get all greasy and the QR code becomes unreadable
Greasy QR codes, must be why people don't trust Bitcoin.
I think so. That and the fact that, worse case they can just ignite oil soaked paper wallets to keep warm over the winter. You have to admit it's a compelling argument
544.
Post 9122901 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.21h):
Classic
545.
Post 9388538 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.28h):
traders making >3% in a few hours isnt exactly a bearish sign...
Trader whale shooting for only 3% with that kind of ammo ... hmmm ... I suspect more action to come
EDIT : bullish action
546.
Post 9575656 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.32h):
Not guilty this time ... no post dumping here tonight
HODL !!!
547.
Post 9581997 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.32h):
I hate that the old chart buddies don't work. They are ideal when you go back over old posts. There are a part of history man!
The images linked to on those posts are long gone. Cost too much to keep them around (though I do have all the data archived).
Well, I am glad you found a way to automate the process - it was a bugger doing it all by hand with 7777. Good job!!
548.
Post 9608124 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.33h):
max leveraged short now?
Keiser turned bear ?
549.
Post 9608161 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.33h):
The dodo is a bit ominous ... nobody asked for that
550.
Post 9608177 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.33h):
max leveraged short now?
If the wall at $350 on bitstamp gets eaten I would say yes, otherwise I would say no.
Since when do perma-bulls borrow money to naked short Bitcoin
This is madness.
Next week they will be frustrated that the price keeps going down and they just can't figure out why.
That's ok, I am sure you will still be here to tell them
551.
Post 9608204 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.33h):
I'd like some feedback from the Eurolanders out there, if possible
I just got this in my email:
This weekend, Swiss voters will be asked whether they want 20% of their currency, the Swiss franc, backed by physical gold.
The people I talk to here in Zürich are, at best, hopeful that the answer is no. They know that such a plan will cause a world of hurt to the Swiss economy and will hamstring the Swiss central bank and its efforts at managing the franc. They all say confidently that the majority of Swiss voters understand this and will veto the plan.
But you can clearly hear in their tone that worry tints their words. The polls are close. And they know that the Swiss feel their economy is too often manipulated by what happens with the euro and the dollar — and the Swiss are people with a deep independence streak.
Thus, there’s a better-than-good chance that Swiss voters shock the monetary world this weekend with a vote that signals the beginning of the end for modern fiat currencies. That will ripple through our world here in the States. But there are ways to prepare …
Anyone who knows any thing about Switzerland think this it's even a remote possibility?
Personally I hope they do it, I hope they go for it.. they
could and if so they may not be alone in the future (if China do something similar) however, independence streak or not, I believe that the Swiss are also deeply conservative when it comes to change and especially when the change has to do with money, therefore I am afraid they will more likely vote against such a move
though I hope that in fact they vote for it, I have a feeling they shall not.
If they realised that they were not in fact a real country but a private bank, they might care more about their solvency. Someone should probably tell them ...
552.
Post 9608321 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.33h):
There has to be some kind of a dumping robot. There`s a bot that sells 0.2 BTC at random interval between 10 - 30 sec
I think it's part of the Shroomskit autopost bot
553.
Post 9608432 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.33h):
There has to be some kind of a dumping robot. There`s a bot that sells 0.2 BTC at random interval between 10 - 30 sec
I think it's part of the Shroomskit autopost bot
ok, that`s roughly 3% of stamp`s volume - about 20 BTC an hour that he`s dumping
Hmmm ... his post rate is much higher than that, particularly during dumps. Must all be part of the well thought out 'Shroomskit Master Plan for World Dominance'. Far too clever for the likes of me. Definitely feeling outsmarted.
Hey Adam, you just spoofed us didn't you? Your granny just bought all the Bitcoins didn't she ...
554.
Post 9608604 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.33h):
<snip>
Maybe the real Shroomkit sold his account between those two posts..
And then bought it back for more
555.
Post 9640303 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.34h):
Slightly off-topic I know but 3.5K coins to break 380 on Stamp; I imagine these asks will get pulled in a few hours and we retest 400 in the next day.
Did you lend him your vibrator ??
556.
Post 9730335 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.36h):
i wonder when we will receive info about the auction
this market is killing me. no volume and flatlined price.
The winning bidders must make sure that the money is in the USMS bank account "by 2:00pm EST, on Monday, December 8, 2014." If a bidder fails to do so, the next one in line is notified and given a similar deadline to do the same. Defaulting bidders lose their deposit, so there should be no defaults and the outcome will be defined by Monday afternoon.
Last time the auction was on a Friday, and the USMS revealed that "single buyer got it all" on the next Monday.
However, the announcement for this auction says "The USMS will not release any information to the general public pertaining to the auction process or results." I don recall seeing this explicit statement in the previous announcement. So perhaps they will not even tell us how many winning bidders there were, and whether all lots were sold.
http://www.usmarshals.gov/assets/2014/dpr-bitcoins/?m=1so we wont have any info and bitcoin price at the mercy of the unknown buyer...
We will be able to see from the transfer of the BTC if there was more than one winner. If they all go to one address ... one winner, or one consortium winner. If they are split from that address, likely a consortium, but not certain obviously - one bidder *could* choose to split them into different wallets
If the USMS send out to multiple addresses, likely more than one group won ...
EDIT : If there is one winner who buys them all, it would be in their best interest to NOT split the BTC immediately as one winner would generally imply that the price was higher IMO, and why would you not want to send that message to the market ?? (unless you wish to buy more ...)
My conclusion is that the less addresses the coins go to, the higher the winning bid. Above or below market we may never know. But I would also guess that most participants in this auction have a better understanding of game theory than me, and will act in their own perceived best interest ...
557.
Post 9730456 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.36h):
We will be able to see from the transfer of the BTC if there was more than one winner. If they all go to one address ... one winner, or one consortium winner. If they are split from that address, likely a consortium, but not certain obviously - one bidder *could* choose to split them into different wallets
If the USMS send out to multiple addresses, likely more than one group won ...
Do you have the address to watch ?
Its the one the DPR coins are sitting in !! Don't have it to hand but I am sure it will be presented soon ...
558.
Post 9730463 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.36h):
Dat d one
559.
Post 9731415 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.36h):
Ughh don't buy into all this trolling "On Friday, December 5, by 5:00pm EST, the USMS will notify the winning bidder/bidders that their bid/bids has/have been selected."
http://www.usmarshals.gov/assets/2014/dpr-bitcoins/?m=1Meaning all those that bid will know if they won.
Meaning if i low ball bid1-i get a small chance to get discounted coins bellow market which i can dump profit $$$
2-i'd be the first one to know if my bid wasn't selected then i can front run the new and buy coins on the market. Or better yet run the syndicate so you're now risking your own money, be the first one to get the news, act on it, distribute news to your syndicates(?) let them act on it, post on tweeter that your bid wasn't selected and watch the buying frenzy profit $$$
Bottom line everyone should get a feel whether the coins were bought bellow/above market by Friday so watching the coins move from that address a week later is pretty useless
(1) is zero risk for a winner clearly, and is risk free, if intention was to arb and not hold (I am assuming you mean selling the 'about to be received' coins, not buying more ... that makes no sense)
Not seeing how (2) works for a low-ball loser. Might work for a high bid loser who thinks market will adjust to the (unknown to him) winning price or is desperate to buy. Depends on risk appetite.
But I agree with your conclusion that some participants will have possible valuable information on Friday that will likely be reflected in the price.
EDIT: Actually, unless you win them all, there is very little to discern as you will not know the range of winning bids, so unless you only intended to arb and got a few low enough to do so, or bid very high for a few lots and lost and want coins at a price they have been available for for some time (duh), anything else is pretty much guesswork, much as all of this is
560.
Post 9742101 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.37h):
http://www.reuters.com/article/2014/12/04/us-bitcoin-auction-idUSKCN0JI1FB20141204Lynzey Donahue, a Marshals Service spokeswoman, said the government had 11 registered bidders and 27 resulting bids.
11 registered bidders - that sounds low... anyone know how many there were last time? Significantly more IIRC .. I think there were about 10 names on the leaked partial list
EDIT : Seems pretty clear nobody here knows if it is 1 bid can be for multiple blocks lol
27 is defo small if it can't. If it can, fuck knows!
561.
Post 9742198 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.37h):
11 registered bidders - that sounds low... anyone know how many there were last time? Significantly more IIRC .. I think there were about 10 names on the leaked partial list
EDIT : Seems pretty clear nobody here knows if it is 1 bid can be for multiple blocks lol
27 bids for 20 blocks? less than 2 bids/block? After what happened at the last auction, I can't imagine they would be for anywhere close to market price.
I agree
We know that at least 3 of those 11 bidders are syndicates, and it makes zero sense to join a syndicate to bid for a block of 2 or 3k coins above market as you can easily buy them on exchange in that quantity. So that leaves 8 potential serious bidders.
562.
Post 9742314 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.37h):
http://www.coindesk.com/us-marshals-bidder-turnout-second-bitcoin-auction-declines-sharply/Overall, the number of registered bidders decreased 75% from the first auction, while the number of bids fell 57%.
Anyone really believe these are going above market price ??
563.
Post 9742738 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.37h):
So, many of the bidders last time were low-balling ... that's new info about the last auction and hardly bullish really is it
564.
Post 9742768 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.37h):
63 bids last time... 27 bids this time. Bearish. Very Bearish. But, in a speculative way. We really don't know much but you trade the rumor. Super bearish. And yes, I have a short. And no, I don't care about talking my book because the guys who really move the market aren't trolling around Bitcointalk's speculation forum.
Can't wait until this kid gets squeezed again. rofl
are you talking about a squeeze of 6200 btc on shorts or the 24 mio usd (up to 64800 btc)on longs in Bitfinex .
So almost 65k BTC are being shorted right now?
Lol ... no 65k BTC are LONGS on borrowed money
565.
Post 9742813 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.37h):
63 bids last time... 27 bids this time. Bearish. Very Bearish. But, in a speculative way. We really don't know much but you trade the rumor. Super bearish. And yes, I have a short. And no, I don't care about talking my book because the guys who really move the market aren't trolling around Bitcointalk's speculation forum.
Can't wait until this kid gets squeezed again. rofl
are you talking about a squeeze of 6200 btc on shorts or the 24 mio usd (up to 64800 btc)on longs in Bitfinex .
So almost 65k BTC are being shorted right now?
no... the other way around.
6200 short and up to 10 times more longs that could get squeezed
So there's a chance then ??
https://www.youtube.com/watch?v=KX5jNnDMfxA
566.
Post 9743684 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.37h):
Looks at the date and the number of coins ... that was the last auction ... sorry
567.
Post 9743728 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.37h):
Looks at the date and the number of coins ... that was the last auction ... sorry
It's 29 mins old according to google.
I don't care how old the URL is ... read the article ... FAIL
EDIT : Or just believe it anyway and buy lots of coins cos a URL on google said so ... your call
568.
Post 9743789 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.37h):
I met some Chinese the other day. Fairly young, technically minded. At the end of the meeting, i asked:
- Have you heard about bitcoin?
- Yes it's forbidden.
- Well China is the biggest bitcoin country, with the largest exchanges...
- There are some black markets, but it's forbidden.
- ... and the largest mining operations.
- It's forbidden.
- That's just CBOC trying to talk it down...
- No it's forbidden.
Did you give him a slap?
That's forbidden
569.
Post 9746066 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.37h):
What's going on? Is this real?
Or is this next ?
IDK ...
570.
Post 9746385 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.37h):
WOC ? Chinese should be into that
571.
Post 9749699 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.37h):
Results of our US Marshals bitcoin syndicate:
Bids received - 104
BTC quantity bid - 124,127
Winners notified by USMS today
BIT SYNDICATE ALONE HAD FOR 124.127 BTC BIDS???
In principle, the syndicate is not trying to buy coins for Barry Silbert, SecondMarket, or the SMBIT fund.
The syndicate collects money from small bidders (starting at 25 k$ minimum bid) and joins them into the 1000 or 2000 BTC bids for the USMS auction. If any of these merged bid makes it to the winners list, SecondMarket distributes the coins to the corresponding small bidders, and collects a fee for its service. Otherwise they return the money to the small bidders, and shrug off their wasted work.
They had 104 small bidders which together wanted to buy 124'127 BTC. Obviously when they assembled the bids for the USMS auction it would be pointless to bid for more than 50'000 BTC. So they must have considered the highest among those small bids, until completing 50'000 BTC, and rejected the rest.
One cannot tell from those numbers whether any of the bids were above or below market.Not with great certainty, no, but the number of bids, and the fact that it is a syndicate raises the chances that, just like last time, the BIT consortium will be bidding below market. To me it just makes no sense to buy 2-5k thru a syndicate, in an auction, and bid over market price. Who would do such a thing? The smaller the fish, the lower the bids ... else they would buy on an exchange. Yes, I realise there are exceptions to this, but I am sticking to my theory that no syndicate will bid above market, and that a lot of syndicate members are just opportunists looking for a quick buck or deep discounted coins.
572.
Post 9749761 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.37h):
Price is broke.
Someone go shake the machine a little.
Do coins drop out if you do ??
573.
Post 9749822 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.37h):
And the winner is ... TZUPY !!!
EDIT : Why not throw in a little more bearish sauce and suggest that IF their EFT was near to launch, they would probably be keen to pick up more coins now. Ergo, it's probably still some way off. Pure speculation of course, but hey, that's what we're here for
574.
Post 9749872 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.37h):
Question... The Winklevoss twins say that Bicoins will be worth greater than $100,000... but they decided not to bid on coins they could arguably get below market. Why?
Why buy now? Wait 1 - 2 months and buy then at much lower prices and with little slippage due to huge volume.
Well, that's the point. They are as locked in as anybody... and they aren't even willing to throw out a spitball, low bid on this.
They bought at $10. If they wanted more, they would have bought more then.
LOL! So nobody who bought in double digits ever buys again? Didn't realise that was how it worked. Not even if they are planning to sell those coins to Joe Public? That's not very confidence inspiring
575.
Post 9749971 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.37h):
Draper must be very confident that the price is going to rise a lot in the future seeing as he bought in relatively late.
He actually transferred the coins to Mirror, an exchange Venture he is invested in. It is reasonable to assume he no longer has full price exposure to all the coins as there are other investors in Mirror. He has stated that he is bidding with the Mirror Consortium this time. IDK if he is also bidding independently, but that would appear to be a big conflict of interest. 'Hmmm, let's have a look at all those consortium bids so I know that I can outbid them ...'
http://www.coindesk.com/vaurum-rebrands-mirror/
576.
Post 9750039 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.37h):
Draper must be very confident that the price is going to rise a lot in the future seeing as he bought in relatively late.
He actually transferred the coins to Mirror, an exchange Venture he is invested in. It is reasonable to assume he no longer has full price exposure to all the coins as there are other investors in Mirror. He has stated that he is bidding with the Mirror Consortium this time. IDK if he is also bidding independently, but that would appear to be a big conflict of interest. 'Hmmm, let's have a look at all those consortium bids so I know that I can outbid them ...'
http://www.coindesk.com/vaurum-rebrands-mirror/Accurate. You still know, though, that if the consortium wins all the delusionals will just tell themselves Papa Draper is holding the bag for them.
Yeh, you are probably right, but I think the chances of any consortium winning outright are very low. As I said in another post, a bunch of small fish would be really stupid to bid high. It makes no sense. It also makes no sense for Draper to bid with the consortium if he plans to try and buy shitloads within that and drown out the other members. Again - conflict of interest.
577.
Post 9750073 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.37h):
Why not buy a coin yourself, instead of demanding the winkelvi buy up all the coins not being hodled already.
I switched long short-term (with a narrow stop, though, as this could get pretty going up or ugly going down). Anyhow, if the Winklevii were to buy all of the bitcoins right now that would be beneficial to my position.
Anyhow, I posted it because I legitimately wonder. Also, so many people are posting that this guy or that guy seems very confident... well, there are some high profile Bitcoiners who are not so confident. So, mixed signal at best.
If they weren't confident, they should sell. They already have had a 37x increase. Diversification is wise, but they keep holding
Are they really holding? Or are they looking to sell their coins at a premium by recasting their coins as an ETF? I mean, say I have a bag of turds... I might have trouble selling a bag of turds. But, let's imagine that I was able to wrap those turds neatly in a snickers candy wrapper and sell it as a snickers. Maybe, just maybe, somebody won't realize until they take a bit into it that I just sold them some turds. If the Winklevii aren't bidding and they are running this ETF, I have a hard time distinguishing the turds in a candy wrapper strategy from there own. Just saying.
And on top of that, they get to charge a 'management fee' for looking after that bag of snicker-turds for people!
578.
Post 9750119 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.37h):
Why not buy a coin yourself, instead of demanding the winkelvi buy up all the coins not being hodled already.
I switched long short-term (with a narrow stop, though, as this could get pretty going up or ugly going down). Anyhow, if the Winklevii were to buy all of the bitcoins right now that would be beneficial to my position.
Anyhow, I posted it because I legitimately wonder. Also, so many people are posting that this guy or that guy seems very confident... well, there are some high profile Bitcoiners who are not so confident. So, mixed signal at best.
If they weren't confident, they should sell. They already have had a 37x increase. Diversification is wise, but they keep holding
Are they really holding? Or are they looking to sell their coins at a premium by recasting their coins as an ETF? I mean, say I have a bag of turds... I might have trouble selling a bag of turds. But, let's imagine that I was able to wrap those turds neatly in a snickers candy wrapper and sell it as a snickers. Maybe, just maybe, somebody won't realize until they take a bite into it that I just sold them some turds. If the Winklevii aren't bidding and they are running this ETF, I have a hard time distinguishing the turds in a candy wrapper strategy from there own. Just saying.
And on top of that, they get to charge a 'management fee' for looking after that bag of snicker-turds for people!
I didn't even think of that part. You have to hand it to them -- they are smart.
But not so confident in the ETF and/or the current price it would appear
My guess would be they know the ETF is still a way off, so they have no need to restock now and increase their already rather large position. I imagine their portfolio is a little unbalanced!
579.
Post 9750163 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.37h):
But not so confident in the ETF and/or the current price it would appear
Maybe they ran out of candy wrappers.
Haha !
580.
Post 9750177 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.37h):
...I might have trouble selling a bag of turds...
Nothing of the sort, do it here
Ur welcome.
581.
Post 9750698 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.37h):
5 seconds pas long ago and nothing happened...
Don't be sad ... nothing BAD happened
Glass still half-full
582.
Post 9750825 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.37h):
So another auction happened, another deadline is done. Just like last time everybody is going nuts about the price: oooooommmmggggg how much did they pay!!!?? This is so super duper important zooooomgg!!!
We won't find out and in 3 days nobody gives a shit anymore.
Idiots.
How's your silver trading going Shroomy
583.
Post 9751263 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.37h):
If true, no great surprise as he was part of a consortium
584.
Post 9751279 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.37h):
585.
Post 9751598 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.37h):
Reality ... Draper did not bid for all the coins and is part of a syndicate. Logical conclusion ... bid was below market
http://www.bloomberg.com/news/2014-12-04/bitcoins-seized-from-silk-road-offered-in-second-auction.htmlThe auction today will again include Draper, who is bidding as a part of a syndicate created by a bitcoin startup he backs, called Mirror
586.
Post 9751661 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.37h):
So another auction happened, another deadline is done. Just like last time everybody is going nuts about the price: oooooommmmggggg how much did they pay!!!?? This is so super duper important zooooomgg!!!
We won't find out and in 3 days nobody gives a shit anymore.
Idiots.
How's your silver trading going Shroomy
It's been going down since April 2011, probably going to retest the support from the year 2000. Shroomie loves loosing money, always buying at the top.
With a brain, the size of a pigeon, he will never learn.
The sweet irony is that there is has been more volatility in silver caused by 'idiot traders' than in BTC recently
587.
Post 9752000 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.37h):
Regurgitating that ozzie bird's unsubstantiated tweet ... great journalism
2 hours and she still provides no proof
Now Coindesk claim he has confirmed it to Bloomberg ... they make no such claim themselves lol
http://www.coindesk.com/tim-draper-wins-2000-btc-second-bitcoin-auction/Quality FUD !!
588.
Post 9752060 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.37h):
Regurgitating that ozzie bird's unsubstantiated tweet ... great journalism
2 hours and she still provides no proof
There are clicks to be had, and goddammit they ain't gonna get 'em sitting around waiting for proof.
Hahaha, yes indeed !!
Edit : And goddamit, I am just helping the scoundrels by posting links
589.
Post 9752465 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.37h):
Well, that was a fun-filled FUD-fest !!
So what do we know ??
Erm ... Sydney Ember is FOS, Bloomberg base their stories on tweets, and CoinDesk like to bareback Bloomberg
Oh, and Pantera like Jorge's charts ! Maybe we can send him over to them
590.
Post 9752647 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.37h):
Yeh, I remember that one, Proudhon's 5 minutes of fame lol
I guess Sydner Ember got hers today !
591.
Post 9753190 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.37h):
Worst case scenario ensues -- the Coins are dispersed amongst multiple owners increasing the probability of some dumping activity -- and people are interpreting it as uber-bullish. This place never ceases to give me something to laugh about.
I don't know about this being worst case scenario, but LMAO it was pretty much as you predicted. "Draper only got 2k OMG bullish as fuck, buy all the coins" lol
No idea what happens next, but that sure was funny
Seems like I owe Ms Ember an apology ... sorry
... she has now published an article quoting Draper, and it appears to be true that he only got 2k
http://dealbook.nytimes.com/2014/12/05/venture-capitalist-tim-draper-wins-small-piece-of-bitcoin-auction/?module=ArrowsNav&contentCollection=Business%20Day&action=keypress®ion=FixedLeft&pgtype=Blogs“I will have to buy some more Bitcoin on the open market to fulfill my commitment to the new batch of Boost companies,” Mr. Draper said in an email
Good that he wants to buy more, but clearly he will do it over time. And what his bids were is unknown ...
Why he buy more already at lower prices, who knows ??
Not so great when it gives the number of participants in the syndicates. That Silbert's numbers sounded great at the time, but compared to the last round ... meh.
SecondMarket said its syndicate received 104 bids from eight bidders, significantly fewer than the 186 bids from 42 bidders in the first auction. Likewise, Dan Morehead, the founder of Pantera Capital, said fewer investors participated in his syndicate this time, though he declined to give any figures
592.
Post 9753350 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.37h):
Quick, buy all the coins, lets get this thing going again
593.
Post 9753477 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.37h):
Hehehe... yes, I've had a good laugh this evening. The news about Draper wanting to buy more is a positive signal, indeed, but a soft one. I wonder how many Boost companies there are -- he planned on distributing 300 BTCs to each. If there are say, 100 Boost companies, then this suddenly becomes a very bullish statement. If there are, say 10 Boost companies -- not so much.
As for saying it is the worst case -- the worst out of three broader options: (A) All Draper; (B) Mixed amongst investors; and (C) All purchased by a single buyer other than Draper. The scatter means the market is exposed to more motivations and, assuming that at least some bought below market price, a prisoner's dilemma encouraging winners to engage in arbitrage before the others do (unless they are focused hard on the long-term).
Boost ...
https://www.boost.vc/about Boost VC is the Bitcoin accelerator. We invest in 20-30 companies twice a year for three months. We provide housing and office space for each company located in the heart of Silicon Valley. We put talent, passion and drive alongside seasoned entrepreneurs and investors to build world changing companies.
By 2017 Boost will accelerate 100 Bitcoin companies
So he's got more than 2 years to buy 30,000 BTC ... don't think he will be panic buying tomorrow! Not with another 100k on offer from USMS.
I think he's got a lot more patience than this forum lol
594.
Post 9753579 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.37h):
Only 12 here ... I got USA wrong lol - I am proud of that !
595.
Post 9756737 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.37h):
Tim must be thinking the same as all of us that when we lose, buy it again low and then sell high to recover, the guy's already in a loss of almost $10 million, then why he won't take it that hard? He already tried his best
He has clearly stated that he bought his coins to provide liquidity to several of the Bitcoin-based startups he is backing.
He didn't buy his coins to sell them. He bought them to use them.
If indeed he only bought 2000 coins this time, he'll need to buy more to meet his needs. The last thing he'd want to do is buy them at an exchange though.
Yes
The news clearly states that he bought them to the fund start-ups of his son's VC company, Boost
https://www.boost.vc/aboutBoost VC is the Bitcoin accelerator. We invest in 20-30 companies twice a year for three months. We provide housing and office space for each company located in the heart of Silicon Valley. We put talent, passion and drive alongside seasoned entrepreneurs and investors to build world changing companies.
By 2017 Boost will accelerate 100 Bitcoin companies
So he's got more than 2 years to buy 30,000 BTC if they reach their target number of start-ups. Given that timeline, hardly surprising he did not go gung-ho in this auction. He's got pleeeeeenty of time. Many of the comanies he intends to fund probably don't even exist yet lol
Great news that these companies will be nurtured, but I doubt he is sweating right now about when and where he will buy his BTC.
He needs about 7,500 coins every 6 months. I think the market can probably handle that.
But hey, 'as you were', never let facts get in the way the rumour mill
Actually, let's be more accurate ...
http://dealbook.nytimes.com/2014/12/05/venture-capitalist-tim-draper-wins-small-piece-of-bitcoin-auction/?_r=0“I will have to buy some more Bitcoin on the open market to fulfill my commitment to the NEW BATCH of Boost companies,” Mr. Draper said in an email
So he is saying he needs to 300 each coins for the next round of 20-30 companies ... approx ... 7500BTC. He got 2k. He needs about 5k more within the next 6 months lol
Speculate about how many he bid on and what he paid as much as you like, but if that was all he needs at some time in the next 6 months, what would you do ??
I speculate that he did not bid on anywhere near all of them and he did not bid too high. He is buying to meet his needs - the last lot all went to one venture he was funding, Mirror. That's what he does. He funds things and starts companies.
EDIT: He said NEW BATCH ... could already be ready for funding so, worst case, he needs 5k soon ... PANIC !!!
ANOTHER EDIT : Sorry ... stand down, no worst case ...
Draper said that Draper Associates will now provide 300 BTC to each startup that graduates Boost VC's next startup accelerator class as a result of the winning bid
http://www.coindesk.com/tim-draper-wins-2000-btc-second-bitcoin-auction/Is it clear now ?
596.
Post 9756884 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.37h):
well, this auction didnt go well like the last time when we had that inpatient noob outbidding all other players.
less bidders this time, coins distributed evenly...I find that bearish.
Alternatively, most bidders bid high this time, and the lowballers didn't bother bidding, having learned their lesson from the last auction.
We don't know who won what at what price, and most likely we won't unless the winners are publicly traded companies and the buys show up in their quarterly reports. USMS isn't telling.
I think that Tim has learned his lesson from the last auction and didnt even bother to place all his bids near the market price.
others maybe did, but that doesnt change anything, because they are all bagholders already and all I see is even less demand despite the fact that we are in 3xx price range.
I think he
needed ALL the coins last time to fund Mirror so he made damn sure he got them
This time round he needed less, so he bid for less and was more conservative ... this guy is not a complete fool
597.
Post 9757206 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.37h):
598.
Post 9757251 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.37h):
well, this auction didnt go well like the last time when we had that inpatient noob outbidding all other players.
less bidders this time, coins distributed evenly...I find that bearish.
WTF, did you fell into some bear shit? This auction went even better, 20,000btc more sold and somebody even outbid Tim Draper.
Lol ...Draper has gone from 'The Biggest Bagholder' to Bitcoin SuperHero
Whispers on the street "Someone outbid Draper ... OMG!"
If he didn't bid on all of them, which from what he says seems highly likely, does it really mean anything that he was outbid?
https://www.youtube.com/watch?v=DohRa9lsx0Q
599.
Post 9757307 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.37h):
Dude, it's just as meaningless as all the other crap/whispers one can read here.
Tru dat
Sure is a lot of nonsense here these days
600.
Post 9758315 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.37h):
We are all in the same dilemma but are on different rides, either the shorts must decide to push the BTC back upwards or the longs should pull it down...
601.
Post 9758376 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.37h):
@phoenix1, Did I post anything irrelevant or wrong? I apologize if I did so...
Not at all - your summary reminded me of that gif ... we got a mexican stand of goin on. Bullls and bears staring each other out ...
Glad you liked it
602.
Post 9759424 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.37h):
<really boring shit with jonoiv desperately trying to be right in some way>
<boring shit where empowering tries again to show jonoiv the light again>
Oh no, not this again
Just accept being wrong jonoiv, it can be liberating, try it
603.
Post 9759876 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.37h):
<really boring shit with jonoiv desperately trying to be right in some way>
<boring shit where empowering tries again to show jonoiv the light again>
Oh no, not this again
Just accept being wrong jonoiv, it can be liberating, try it
jeez tough audience tonight
604.
Post 9759988 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.37h):
<jonoiv taking the bait like a goodun>
Didn't see that coming
605.
Post 9760052 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.37h):
Didn't see that coming
Apparently you don't see much coming, based on your bearish outlook.
That remains to be seen
606.
Post 9760193 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.37h):
Didn't see that coming
Apparently you don't see much coming, based on your bearish outlook.
That remains to be seen
Yes, it does. Out of interest, what price are you waiting for? $350 $300 $275 $200?
For the next leg down, *if* it happens, I would guess that would be around the mid 200's within the next 2-3 months tops
607.
Post 9760314 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.37h):
<snip>
And if you are wrong, what price will you say, it's bullish. Say we never go below $350 again and subsequently we hit $500 before Christmas, will you decide it's bullish medium and long term?
That depends upon the price action ... I am not a stubborn permabear, I just don't suffer from FOMO
And 'never ' is not a term that should be used to talk about prices IMO
608.
Post 9761580 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.37h):
most of the blockchain traffic seems to be non-payment transactions
What sort of non-payment transactions?
Transactions between addresses that belong (logically or actually) to the same person or entity:
* tumbling
* hotwallet/coldwallet transfers
* wallet management
* deposits/withdrawals to/from accounts in exchanges, casinos, wallet sites, ...
* proof of ownership / solvency
* moving coins as a precaution against theft
* collecting miner rewards
* stress-testing of wallet software
* deliberate stuffing of the traffic
Also transactions where coins change hands but not in exchange for goods and services:
* trading coins for cash or other crypto
* distributing mining pool rewards
* payout of bitcoin profits from company to personal wallets
I don't know why the transactions per day are increasing, if the amount of dollars represented by those transactions has been flat or falling for the last year. Obviously, the average dollar value of each transaction is much less than it was in January/2014.
Intersting theory and one that has been picked up on elsewhere
http://www.coindesk.com/questions-linger-daily-bitcoin-transactions-pass-100000-milestone/"Neither fees to miners nor bitcoin days destroyed have had a similar increase and those are much harder to game,"
"For less than $500 a day transaction volume can be artificially inflated by 10,000 or more. In all likelihood it is a combination of an increase in P2SH, Counterparty transanctions, which also hit a new record high; advertisement spam such as metadata within OP_RETURN; mixing, through Coinjoin and Coinshuffle, and mining rewards."
Perhaps this is the FUD Blitz was alluding to ... TX volumes are possibly being inflated through underhand methods. But no, that could
never happen in BTCWorld
Seems a couple of 'reputable' bulls are out in force to reassure is that all is going magnificently. That in itself makes me suspicious ...
609.
Post 9761710 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.37h):
Anybody still buying regularly?
I'm a HODLER but at a bit of a cross roads right now regarding 'do I stick with what I have' or 'keep buying'.
No positive news at all for a while now but then again no real negative news.
It's all gone a bit boring.....
I'm still waiting for those double digit prices I have been promised for months now, to buy an additional 1000 btc, yet still no luck.
The bears have been promising cheap coins for over a year now, but they don't keep their promises.
It was supposed to go nowhere but down, yet here I am looking at more expensive coins each week.
All this trading, shorting, doom and the final dead of bitcoin, but not a single bear willing to sell me xx$ coins.
The chinese leaving were supposed to bring us back to 2011 prices, but either the chinese didn't leave or yet again false promises.
Just guessing here, but I've got this feeling that the bears and trolls haven't got the slightest idea what they are talking about, or am I supposed to wait until hell freezes over?
If you have not made money shorting this year, you are doing it very wrong
610.
Post 9761773 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.37h):
Anybody still buying regularly?
I'm a HODLER but at a bit of a cross roads right now regarding 'do I stick with what I have' or 'keep buying'.
No positive news at all for a while now but then again no real negative news.
It's all gone a bit boring.....
I'm still waiting for those double digit prices I have been promised for months now, to buy an additional 1000 btc, yet still no luck.
The bears have been promising cheap coins for over a year now, but they don't keep their promises.
It was supposed to go nowhere but down, yet here I am looking at more expensive coins each week.
All this trading, shorting, doom and the final dead of bitcoin, but not a single bear willing to sell me xx$ coins.
The chinese leaving were supposed to bring us back to 2011 prices, but either the chinese didn't leave or yet again false promises.
Just guessing here, but I've got this feeling that the bears and trolls haven't got the slightest idea what they are talking about, or am I supposed to wait until hell freezes over?
If you have not made money shorting this year, you are doing it very wrong
If you already have money and a real life job, there's no need for me to have more money. I want bitcoin, I want what was promised to me.
lol ... are you an only child ?
BTW, we were promised the moon too ...
All these broken promises ... what to do !!
611.
Post 9761824 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.37h):
If you have not made money shorting this year, you are doing it very wrong
do you really believe we will see double or single digits?
if you want to make money the time to buy is now except of course you can predict the market perfectly
Spoken like a true belieber !!
I never said anything about double digits, just that making money shorting this year was not exactly hard, and it did not need perfect market prediction. All you had to do was sell at sensible times and wait. And then short too if you felt like it for extra lulz
EDIT :I think double digits is *possible* next year, though I would not bet the ranch on it. Bo I
believe we will see them - no idea, time will tell. Meanwhile, as the old saying goes, only invest what you can afford to lose - there is no such thing as a sure bet.
612.
Post 9761872 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.37h):
@ fonsie - I hope you don't think I am trolling. I am just sharing my opinions, sometimes intermingled with facts
613.
Post 9761949 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.37h):
@ fonsie - I hope you don't think I am trolling. I am just sharing my opinions, sometimes intermingled with facts
Well if you are trolling, you are doing it way better than NotLambchop
614.
Post 9762058 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.37h):
i totaly agree to your assertion about the bearmarket of 2014 in general, but my comment was regarding to now.
i believe that we saw the bottom and will definitly not see double digits or single digits.
thats why i said without a crystal ball this is a good price to buy
Cool, if that's what you believe act accordingly. But make sure you are doing it based on your own analysis and not just blindly believeing what others say. There are many blind followers here who to be perfectly honest come across as sheep paying to get in line to get sheered ...
https://www.youtube.com/watch?v=bufTna0WArcPersonally I don't think the bottom is in, but I have been wrong before and will be wrong many times again
And yes, I am putting my money where my mouth is, and hopefully also interacting in a way that does not offend people
615.
Post 9762232 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.37h):
Sorry, this is completely OT, but I nearly fell of my chair when I came across it just now and have to share
https://www.youtube.com/watch?v=5hfYJsQAhl0&index=2&list=RDbufTna0WArc Store it and use it wisely !!
616.
Post 9762430 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.37h):
@ octaft
Well said
617.
Post 9766126 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.37h):
Spot on, except for the title .... there is no fighting right now. Still this
Bullets gonna start flying soon tho
My money is on Clint and the little girl. The other two are toast.
618.
Post 9766507 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.37h):
Critical moments ... can it, can't it ??
And yes, I am well aware that they are lines on charts, so please don't point that out TA haters
619.
Post 9766537 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.37h):
Critical moments ... can it, can't it ??
And yes, I am well aware that they are lines on charts, so please don't point that out TA haters
nah there is nothing critical going on.
Yeh, there is still plenty of overhead resistance even if this breaks up
Actually I withdraw that ... you have drawn that line in the wrong place. It is an illegal line and absolutely invalid
620.
Post 9766565 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.37h):
Critical moments ... can it, can't it ??
And yes, I am well aware that they are lines on charts, so please don't point that out TA haters
nah there is nothing critical going on.
Yeh, there is still plenty of overhead resistance even if this breaks up
actually once it breaks up. it fucking breaks up.
I guess that's tru
621.
Post 9766805 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.37h):
yawn.
622.
Post 9768340 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.37h):
I like to introduce myself as a crypthusiast in real life, followed by a quick tip to my fedora. The m'ladies dig it.
I've blacked out the basement windows and receive my food through a hatch, so it's not an issue
623.
Post 9769742 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.37h):
Police apprehended the famous Bitcoin founder while in the middle of seminar he was conducting for Stop Masturbation Now, a Christian anti-masturbation organization
Hopefully news of this ordeal will bring the much needed attention to the dangers and consequences of masturbation that it deserves. Hopefully, God willing, one day, self-rape will be illegal and people will finally be free of playing on the Devil’s playground
624.
Post 9770473 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.37h):
"“FBI agents just stormed the building, came in here without a search warrant or anything,” Fappy The Anti-Masturbation Dolphin, a mascot for the group, told CNN."
sounds legit to me
So, was he arrested for messing with the dolphin in an un-Christian way ?
Not sure I understand all this. Would blowing the dolphin have been ok ? Or is it just masturbation that is illegal? And is mutual masturbation banned or just the solo-stuff ?
625.
Post 9770508 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.37h):
"When I was poor and I complained about inequality they said I was bitter, now I'm rich and complain about inequality they say I'm a hypocrite.
I'm starting to think they just don't want to talk about inequality."
~ Russel Brand
While hosting the 2008 MTV Awards in LA, Russell Brand called George W Bush "a retard cowboy fella".
Mr Brand added: "It was nice of you to let him have a go, because, in England, he wouldn't be trusted with a pair of scissors."
626.
Post 9770775 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.37h):
Tommorow its time for:
Duel of fateswho will be the glorious winner?
Many shall fall, but none will be forgotten
This is revving up to be so anti-climactic lol
627.
Post 9771132 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.37h):
Don't contribute to overpopulation.
The world isn't overpopulated. Common mistake that people are told.
Earth can hold 20+ billion people. More if we change some behavior.
With our current behavior the Earth can't even sustain 7 billion people, so first we need to grow up as a race and change our ways and only then we can say the world is not overpopulated anymore.
funny part is that we have the technology - it is just too expensive
That's largely a function of the way resources and resultant wealth are controlled by a self-serving minority
628.
Post 9771349 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.37h):
Week MACD just turned green! Time to get excited?
Sorry ...that is for the coming week. Last week just closed red. 6.99 days left to see if it is green or not this week
629.
Post 9771421 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.37h):
Honestly bro, no offense, but the stuff that comes of my tap in the UK tastes so full of chemicals that drinking it does not seem like a good idea.
I can honestly say that the tap water in Sri Lanka, India and Nepal, where I lived for a few years, tasted healthier. And no, I didn't get ill drinking what the locals drank. I was actually pretty disgusted at the waste caused by the discarded 'Mineral Water' bottles discarded by others.
630.
Post 9771653 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.38h):
Honestly bro, no offense, but the stuff that comes of my tap in the UK tastes so full of chemicals that drinking it does not seem like a good idea.
I can honestly say that the tap water in Sri Lanka, India and Nepal, where I lived for a few years, tasted healthier. And no, I didn't get ill drinking what the locals drank. I was actually pretty disgusted at the waste caused by the discarded 'Mineral Water' bottles discarded by others.
Were you in the south east / London? the tap water there is pretty poor, but the rest of the UK is better than most bottled water. The Isle of white water tastes so pure, i'll never forget how nice it tasted.
Never been to India, ill take your word for it, but I find that hard to believe based on the population, the demographics and level of development. I guess it depends where in India.
I can believe the IoM has good water. I am in the SW and its so full of chemicals that I need beer to cleanse my mouth
India etc, mostly I avoided the cities, but when there, drank and ate as a local. Eating from street stalls and local restaurants. TBH I think this western obsession with cleanliness is a disease that leads to poor tolerance of anything unsanitized. I prefer real life.
I've mentioned b4, I was on the beach in Sri Lanka when the tsunami hit. Amazingly, there was almost no disease in the aftermath. The golden rule was 'don't drink from the tap when the water is brown' lol. Washing from a well is also kinda fun once you get used to the public aspect
631.
Post 9771694 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.38h):
1W MACD on all exchanges turned green... There will be a green christmas this year
Edit: Someone removed for 3k bids on finex? There was more than 8k to 400$ and now is 5k.
Price has to stay in this area or above to really close green, so don't get overexcited.
I noticed this as well. On the other hand, support is growing
I think we will see nice rise this week. Auction is over. I really doubt that winner is BIT syndicate and since they had bids for 120k+ btc they will probably do some shopping
Yeh, all those low bidders in the consortium probably gonna buy at market this week
OTOH, you are right, someone pulled 3k of asks @ about $390 on BFX ... they've been there for days, now gone
632.
Post 9771779 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.38h):
633.
Post 9772016 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.38h):
When exactly bitcoin auction ??
it already happened in december.
You mean when the other coins will be auctioned?
I guess after the trial
The rest (about 100k) will be auctioned at he US Marshals whim - they have control over them and Ross's 'agreement' to auction them at times of their choosing
634.
Post 9772656 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.38h):
china's dumping... i don't think 2300 RMB will hold this time
The opening salvos have been fired ... let the battle commence !
Get the popcorn ready ...
635.
Post 9772701 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.38h):
And suddenly half the support over 350$ is gone, at bitfinex
TROLOL
Oops
636.
Post 9775724 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.38h):
if it breaches 2100CNY Ill be slightly worried, but will still hold, and stand by my last prediction 2 days ago of above $500 / 3300CNY by 15th Dec
Damn, I nearly spat my coffee all over the keyboard!
637.
Post 9775802 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.38h):
<snip>
It's probably that Indian water.
No, that comes out the other end and looks like coffee
638.
Post 9775972 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.38h):
if it breaches 2100CNY Ill be slightly worried, but will still hold, and stand by my last prediction 2 days ago of above $500 / 3300CNY by 15th Dec
Damn, I nearly spat my coffee all over the keyboard!
There is a certain level of logic to that prediction, though. We pumped a couple weeks ago up to $485 on OKC futures, which is practically $500 in itself. Add in the hypothesis that the price is purposely suppressed before an SR auction and there's a reasonable case that we're due for an end of the year pump.
WOW! You must be really good at Twister !
639.
Post 9776055 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.38h):
The thing is, imho, the best TA will never make it onto this thread, it will be kept secret.
masterluc and OdaKrell share sme very useful information IMO. There's a couple of others, but as you imply, there's also also quite a lot of crap that flies around
Tradingview is also a good place to see what people are thinking (gotta be selective there too)
But at the end of the day, you gotta trade your own plan or you are mostly lost before you start. Just my 2c
But I do genuinely find your prediction amusing, and I could not resist a little jibe
Time will tell, plenty of time for omellettes to fly every which way !!
640.
Post 9776860 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.38h):
Wow bears
This is all you can do?
Fucking embarrassing...
Just pausing for a small picnic in the woods
See you again soon
641.
Post 9777238 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.38h):
Ooooommggg everyone waited for this for weeks! Oh wait, actually they waited for the auction to finish but nothing happened. Then the new deadline was the price they went for. But nothing happened. Now the new deadline is the coins actually moving. Which just happened. THIS IS WHAT EVERYONE WAS WAITING FOR!!!
So do your thing. This is the time! What are you waiting for! You have been waiting for this for weeks!!!
Shroomy, if you keep on being this funny, I am gonna have to take you off ignore soon! I'm liking the slight variation in material. Theme is still consistent, but new lines ... good job
642.
Post 9777276 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.38h):
To be fair, he's got a pretty good point this time
And he hasn't called anyone an idiot yet !
643.
Post 9777419 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.38h):
To be fair, he's got a pretty good point this time
And he hasn't called anyone an idiot yet !
and we have nothing more than yesterday, so it is normal that nothing happened. I will not read this crap anymore.
Agreed. Sometimes tho, taking Shroomy off ignore for a peek provides lighthearted relief. His repetitive tripe can be quite amusing in small doses. YMMV
644.
Post 9777589 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.38h):
Something not right about that.
Wierd ... all the lots of about 5k and 3k have small amounts deducted for miner fees.
That 52 k is odd tho ...
Maybe someone made them an offer they could not refuse for an extra 50k over the weekend (Draper ... 2k + 50k = 52k)
Still does not explain why the total is over 52k and not under as you would expect after fees
Could they even do that, without auctioning them? Do they not have some sort of fiduciary duty ?
Answers on a postcard ...
645.
Post 9777902 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.38h):
Maybe they had the 100k BTC in an address, and the idea was going to be to send 50K split to the new winners, and 50K to a new storage address..... maybe one of the 2000 blocks did not sell? and so is being returned with the 50 k to a storage address?
(who knows though, i have not looked at this, nor thought about it very hard tbh ^ just first thing that comes to mind + I kinda lean towards thinking the lots would all sell, so probably some other explanation, actually thinking out loud here, but what is with the 4999.95 BTC amounts, if they were all going to be distributed to winners, would that mean that winners all won 5K ie 2k+3k bids? if that is the case then seems all very symmetrical to me)
I thought of that, but did not want to come across as a permabear troll FUD spreader! Like you, I also think it is unlikely. Why hold back 2k?
Yeh, the distribution is also wierdly symmetrical
646.
Post 9777994 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.38h):
I can't imagine that they sold 50k extra just like that. Draper must be late on his payment.
Agreed re 50k ... just putting it out there.
Draper late on payment lol. Having tantrum cos didn't get enough hehe
Or can't be arsed cos he's out on a yacht and it's pocket change. Meh, the FED's know I'm good for it
647.
Post 9778031 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.38h):
hah... do you read this thread very closely ? I am certainly not a perma bear, nor a fud spreader lol...
Yup, close enough to know that's absolutely true bro. I have however been quite vocal in my bearishness recently tho, so I held back - a stuck record can get a bit boring
648.
Post 9778092 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.38h):
I hear ya Jorge, loud and clear
Yeh, that 52k + change does not fit the pattern.
oh christ I see what you mean phoenix1 ..... the shame ..... the shame <cries self to sleep>
I lasted 30 seconds
649.
Post 9778150 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.38h):
I hear ya Jorge, loud and clear
Yeh, that 52k + change does not fit the pattern.
unless 1 lot did not sell, or unless some wise guy has not met payment deadline, then it makes sense...
Those do seem like the two most likely options. Late payment most likely IMO
100k deposit required to bid tho I believe. That's a 13% hit on a 2k lot ... if someone simply walked away - not likely
TO DA MOON !!! THIS IS BULLISH AS FUCK !! Almost everyone paid for their Bitcoins in the auction! CCMF!!
(am I doing it right ?)
650.
Post 9778210 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.38h):
I hear ya Jorge, loud and clear
Yeh, that 52k + change does not fit the pattern.
unless 1 lot did not sell, or unless some wise guy has not met payment deadline, then it makes sense...
I thought defaulting just fills the next highest bid?
That could be the case, but they would have to notify them and give time to pay if that was the case
Right, I think we've analysed the shit out of this (I'm certainly bored), meanwhile, price is doing nothing
Fuel the thrusters for the next blast
through into $380 and lets get this show on the road
651.
Post 9779252 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.38h):
I thought they seized 144,000 total?
They seized ~30'000 from SilkRoad servers, and were able to auction them right away. And seized another 144'000 from Ross's personal laptotp, so they are still disputing whether they are his or SilkRoad's;
but both sides agreed to auction them now and continue disputing over the money.
Actually right to sell and timing of sales was passed from Ross to USMS early this year. Its in the 'advert' for this auction. USMS have had full control of them for a while and still do.
EDIT : probably part of a deal ...
652.
Post 9780395 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.38h):
(So it may be that one of the bidders who won a 2000 BTC block defaulted, and the USMS has transferred the 48 000 BTC to those who paid, and didn't bother to split off the 2000 BTC chunk yet, waiting for the next bidder to pay.) Yes agreed... that is my take on it also.
Yes. Looks like that's already happened
https://blockchain.info/fr/address/1CkrQEuoo7vX4YKjNPkgWExnRwEp9fVPaPIt also seems like there are several members of our little group who don't understand how Bitcoin change addresses work.
Hands up! I don't, but I will take a guess now ...
It could be instantly be deduced from apparent the lack of apparent tx fee on the 52k that is was being sent as change. This is now confirmed by the further split into two separate wallets again with no tx fees. Hence the USMS is still in control of the total 52k
Close?
653.
Post 9780632 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.38h):
So, we probably sold well below and the coins are being distributed to randos who may hold or may dump. Fascinating. I can't wait until somebody says -- "This is fucking bullish!!!"
THIS IS BULLISH AS FUCK !!
654.
Post 9791425 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.38h):
How is this not trolling? You know, Jesus Christ.
c'mon he's giving you 3 choices 1 of which (III) is very bearish.
I'm sticking with (III) ... I don't see it as bearish, just this
You still going for $500 by Dec 15th ??
655.
Post 9791484 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.38h):
damm i miss the old bitcoin days
where I could make $2k a day
I made $2K in the last 24 HRS ;-)
To be fair, that includes the recovery from my upside down short, but I think it counts.
Right knee, red, for bragging
Fist bump for a good call
Winter is coming ...
656.
Post 9791634 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.38h):
You still going for $500 by Dec 15th ??
It looks like an absurd prediction, and we might not be there that quickly now. I thought the drop (if it came) would come on the 7th Dec. I said the extreme low would be 2100 and it turned out to be 2101. I think it's possible we could visit 2100 again then
the up-trend will have some more life to it.
I know it looks unlikely now but look at the mood of the forum on 3rd Nov and look at where we were 10 days later. for me $300 has less probability then $500.
Hmmm, I think we are definitely on very different sides of the fence on this one
But I respect the fact that you form your own opinions and are clearly not blindly lead by the ramblings of others
657.
Post 9791737 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.38h):
I don't think this drop has anything to do with any 'Chinese news', fake or otherwise, it's just a top-heavy market rolling over, more sellers than buyers ATM
Occam's Razor ...
658.
Post 9791796 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.38h):
When I trade, I trade using the Moon / Doom Wall observer post technique. Divide the number of doom posts by the number of moon posts and if the ratio is grater than 1.6, it's going to pump. Vise versa for the period after a nice uptrend.
We have had about 3 doom posts to every moon posts the last 2-3 days so I make that a ratio of 3 for a while = moon soon(ish)
I use that indicator too, but not in quite such a refined way - I have not defined parameters yet
659.
Post 9791869 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.38h):
damm i miss the old bitcoin days
where I could make $2k a day
I made $2K in the last 24 HRS ;-)
To be fair, that includes the recovery from my upside down short, but I think it counts.
Screenshot?
You cant win meanwhile btc is dropping :/
660.
Post 9792021 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.38h):
China is waking up,let'see where they want to go
Hawaii ??
661.
Post 9792197 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.38h):
everyone is overly bearish... pretty sure this means the price is wrong.
You can't argue with the markets ...
662.
Post 9792237 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.38h):
everyone is overly bearish... pretty sure this means the price is wrong.
You can't argue with the markets ...
oh but you can, and i am.
hehehe
It's probably easier than arguing with a woman !!
663.
Post 9799628 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.38h):
Oh look. Dumpers. They absolutely hate that the price is 350 and will do everything in their power to take it down more. The price going up and their coins being worth more is the worst thing that could happen to them.
That's why despite Bitcoin getting bigger and bigger the price goes lower and lower.
And they won't stop. The won't stop till we reach zero. Only then they will be satisfied. It's their mission to kill this thing and toss it in the corner like a dirty old cum rag
FTFY
664.
Post 9800220 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.38h):
We already have another looming 100k (or was it 90k?) auction on the horizon thanks to DPR's stupidity browsing his Silk Road admin panel in a public library and not encrypting his Bitcoin wallets. I don't want to consider another 100k Winklecoins.
But if the Winkles have any say in it, they will probably hold off until the price suits them better, and the general trend, because it will strongly influence the demand.
If the ETF will so strongly influence the demand then why wouldn't they hold enjoying large capital gains and, if they really decide they want to get out, slowly sell off some on the exchanges.
Blitz is saying that the general trend strongly influences demand for the BTC, and right now, whatever your view, it is very hard to argue that we have a strong uptrend in place. Launching the ETF (if it gets approved) in a strong uptrend is the sensible thing to do . If they launched it now TBH I think it would be a disaster for them and the markets. You don't sell many umbrellas when the sun is shining. I guess some people like to use them as sunshades, but that's probably not the biggest market sector
665.
Post 9800329 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.38h):
We already have another looming 100k (or was it 90k?) auction on the horizon thanks to DPR's stupidity browsing his Silk Road admin panel in a public library and not encrypting his Bitcoin wallets. I don't want to consider another 100k Winklecoins.
But if the Winkles have any say in it, they will probably hold off until the price suits them better, and the general trend, because it will strongly influence the demand.
If the ETF will so strongly influence the demand then why wouldn't they hold enjoying large capital gains and, if they really decide they want to get out, slowly sell off some on the exchanges.
Blitz is saying that the general trend strongly influences demand for the BTC, and right now, whatever your view, it is very hard to argue that we have a strong uptrend in place. Launching the ETF (if it gets approved) in a strong uptrend is the sensible thing to do . If they launched it now TBH I think it would be a disaster for them and the markets. You don't sell many umbrellas when the sun is shining. I guess some people like to use them as sunshades, but that's probably not the biggest market sector
I think you're over thinking the launch date.. That's subject to approval by the SEC if they had it they'd be listing asap IMO
Honestly, I think the whole ETF thing has been over-thought and over-hyped, but we will see. For now, I really don't give damn about it, and think it is a lot further off than people think.
666.
Post 9800524 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.38h):
Id prefer individuals get comfortable with bitcoin on their own but the ETF will be a bridge for the less tech savvy
To invest in BTC yes, but it does not give them any means to actually use it on a day to day basis, which is what is needed for success
prophetx's post this morning does an excellent job of spelling out what is needed IMO. I really don't see that an ETF does anything but 'perhaps' help fuel a speculative bubble and possibly fuel some hype and get people looking. If that's what you want, cool. But long-term success depends upon much much more.
EDIT : I can see from the first part of the sentence that you do want more than this
667.
Post 9800557 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.38h):
668.
Post 9801960 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.38h):
Yes, I get that to a point, they can print a currency at will, and produce as much as they want. But, I strongly disagree, that fiat is not backed by anything, the value will be reached by the market based on the creditworthiness of the country. I'm not suggesting barclays bank has xxx pounds sterling, and can back it with xxx pounds of gold. However, the assets of the bank or the country for that matter should balance. QE don't create more money, it's like having a large pizza and cutting it into 10 slices instead of 8 slices. There may have been billions of extra Ł's made out of thin air, but each pound almost overnight lost value.
Im not suggesting gold moves in tankers between states. I am saying that the value of a currency is backed by the bank or country ability to produce assets in the form of gold if required.
The fiat that is being issued by QE is being used to buy the worst of the worst junk from the banks that hold them to give them the appearance of financial health. All the dog-shit assets are being moved to the balance sheet of the CB's, and yes, it balances because they do not mark them to market and instead assume they will hold to maturity and be repaid or else sell at a later date to contract their balance sheets. The chances of either of those events happening are slim to none. Nobody is calling anyone on it because they are all playing the same game. The FED is now the biggest hedge fund in the world, leveraged about 80:1 (Lehmans was 40:1 when it went bust), and the assets that are leveraged are probably worthless (the Japanese may take this title soon if they have not done so already)
Nobody calls anybody on it because they are all playing the same game and if one domino falls, all the rest will follow. The emperor has no clothes and everyone in the know knows it. It's now just a confidence trick on Joe Public, who, like you (no offense) does not understand the dynamics at play.
The Euro is now largely backed by Greek, Spanish, Portuguese etc govt debt ... good luck with that. Bail out after bailout, they issue Euros and buy the distressed debt, kicking the can further and further down the road under the false assumption that it can go on forever. It won't. But then the music stops its going to get very ugly very fast. How long that will take, nobody knows. All it takes is one systemic shock. The alternative of course is a false flag event, or just plain war.
Gold has virtually nothing to do with it, except that CB's hold an increasingly small portion of their reserves in gold, and there is the an alternative to complete collapse - a complete revaluation of gold such that its value is so high that the balance sheets look respectable again. Not impossible, but unfortunately most western CB's have been flogging their gold to India and China for the last decade. Most of this takes the form of leasing, whereby ownership is transferred notionally and they never hand over the gold, the assumption being that they will if asked. That assumption may be proven to be very wrong, and it is largely suspected that the same gold has been leased many times over. There are more 'calls' on gold than gold in the vaults. Again, nobody wants to play that card yet, because one failure to deliver gold will lead to a collapse of the pyramid. Why do you think Germany has been so quiet about the non-repatriation of the small portion of their gold they requested from the US? The US has said it will take 5 years to transfer what could be loaded onto a few cargo planes and transferred with ease. But they have not and will not. They have given them a pitiful amount so far.
So the game continues ... for now.
But the players are starting to hear the BTC mantra .. if you don't hold you PK's, you don't have Bitcoin, you have paper Bitcoin. Same goes for gold as confidence wanes and nerves get strained. So countries are becoming increasingly nervous about the gold that is declared on their balance sheets but held in vaults in other countries. As are some of their citizens. It's going to get messy. It's not if, it's when. This is already unfolding in several European countries.
And for what its worth the UK sold most of its Gold years ago (thanks Gordon, nice one
) to bail out banks that were caught short and could not deliver on futures contracts. Part of the agreement was that they removed themselves from the gold market afterwards. I believe Rothschilds was one of the banks involved.
There is a lot of very interesting stuff out there and it all fits together far too neatly to be just dismissed as a 'conspiracy theory', though naturally that will be the first reaction of the sheeple.
Holding fiat does not give you any call on your CB's reserves whatsoever. In a free market currencies would adjust to reflect the quality of reserves and their ability to borrow in the bond markets but thats as far as it goes. And we don't have free markets ...
EDIT: So I guess you are right in a sense that people are starting to realise that about the only tangible asset on Gov's balance sheets is the negligible amount of gold left since moving form the gold standard. But to say that this is what determines a countries credit-worthiness is stretching it waaaay too far. It probably ought to, but right now it does not. See the problem ??
Sorry for dopplepost .. don't know what happened there !!
669.
Post 9802041 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.38h):
ITT: Bitcoiners bitch about the evols of fiat. Don't know what "fiat" means.
Fiat: A form of currency backed exclusively by Italian automobiles.
670.
Post 9802111 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.38h):
Currency is backed by assets, at least my currency is (GBP). our QE was backed by the purchase of assets. When called to pay debts they are settled in gold.
Dude, England left the gold standard in 1931. That's 40 years before the USA.
The gold standard was the pegging of gold to currency. Not the backing of currency with assets gold or otherwise.
It's all smoke and mirrors jonoiv - the BOE, ECB, and FED's assets are virtually worthless. The whole thing only continues because if the music stops, there are no chairs at all ... so everyone keeps standing and dancing and will do for as long as they can
671.
Post 9802174 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.38h):
Currency is backed by assets, at least my currency is (GBP). our QE was backed by the purchase of assets. When called to pay debts they are settled in gold.
Dude, England left the gold standard in 1931. That's 40 years before the USA.
The gold standard was the pegging of gold to currency. Not the backing of currency with assets gold or otherwise.
It's all smoke and mirrors jonoiv - the BOE, ECB, and FED's assets are virtually worthless. The whole thing only continues because if the music stops, there are no chairs at all ... so everyone keeps standing and dancing and will do for as long as they can
It's all a powder keg of bullshit, I get that bit.
Well, read my wall of text and try to get some more of it. PM me if you like
Western CB's have been colluding for years to suppress the price of gold to give the false impression that there is much less inflation than there really is and that we are not being robbed blind. Meanwhile China is amassing as much physical gold as it can, and giving misleading details of its true holdings.
Meanwhile, back to BTC, the obvious bear pennant on the chinese exchanges is obviously breaking down ...
672.
Post 9802364 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.38h):
673.
Post 9802547 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.38h):
Amazing!
"After civil movement everyone was free, then i gave every girl the right to suck my dee".Jimbo.....? Is dat you bro?
that was my first thought too
674.
Post 9802702 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.38h):
Ah well... a genuine case of misunderstanding
In case you are still confused, we are referring to Jimbotoronto, a musician, self confessed slighly older than the average Bitcoiner, whom porkchops affectionately calls 'Gramps'
675.
Post 9802778 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.38h):
Ah well... a genuine case of misunderstanding
In case you are still confused, we are referring to Jimbotoronto, a musician, self confessed slighly older than the average Bitcoiner, whom porkchops affectionately calls 'Gramps'
Dat's the guy...and lets not forget.... he has got the
best bitches younger ladies on his case
Yeh, if I was an FBI profiler I'd have this pinned on him in an instant
Then I would waterboard him and auction all his Bitcoins
"back when the Nazis invaded Britain I was makin bitches purr like a motherfuckin kitten"LMAO!!
I had a friend once that was a baker, he said he stopped making donuts because he got tired of the hole thing.
Now's a good time for makin bread tho
676.
Post 9802811 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.38h):
677.
Post 9802871 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.38h):
its official all the smart poeple have left this thread.
this is bullish.
There were smart people here once ? Wow!
What did they do? How could anyone tell they were smart? Must have been really confusing
678.
Post 9802889 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.38h):
"When I said I wanted to eat all the coins I thought they'd be smaller than this ..."
679.
Post 9802953 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.38h):
Needs to be a bit firmer, more like this ...
680.
Post 9802993 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.38h):
I will get my coat.
Yup, I think you butter you spread your yolks elsewhere now
681.
Post 9803016 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.38h):
because he kneaded a shit
LEAVE ! NOW !
682.
Post 9803057 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.38h):
because he kneaded a shit
LEAVE ! NOW !
It is ok man, I have had a long hard think, and I think I am bready to give up now.
What, you're toast ? You just gonna roll over and play bread like that ? Thought I would get a bit more of a rise ...
TBH I'm pretty baked myself now
683.
Post 9803077 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.38h):
because he kneaded a shit
LEAVE ! NOW !
It is ok man, I have had a long hard think, and I think I am bready to give up now.
What, you're toast ? You just gonna roll over and play bread like that ? Thought I would get a bit more of a rise ...
I just tried to take a picture of my bread, it came out very grainy.
Overcooked it hey ? At yeast you can admit it
684.
Post 9851617 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.39h):
A big fat lie !!
That cannot be right. Seeing it too but makes no sense at all ... ought to act like a vacuum
BTW Adam, you reckon passengers get (faulty) ejector seats too ??
685.
Post 9852071 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.39h):
686.
Post 9852114 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.39h):
This is all shades of wong.
687.
Post 9852260 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.39h):
So Yung.
Werry sad
U love him long time ?
688.
Post 9858284 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.39h):
This maybe is a real good news.
Huobi reopens the bank dire transfer tonight.
Link ??
689.
Post 9858347 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.39h):
Thanks ... lets see just how keen the Chinese are to catch this falling knife !!!
690.
Post 9887554 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.40h):
Capital is fleeing Russia right now and all of the non-oligarchs have only one way to evade capital controls. Care to guess what that one way is? Every day the ruble sinks against the dollar, and Bitcoin stays more or less stable in dollar terms, bitcoin goes up in value relative to the Russian currency.
Again, doesnt that depend on someone being prepared to accept rubbles for bitcoins? if ruble is becoming worthless why would they swap their perfectly good bitcoins for it.
So, the plan is, swap 2014's worst performing currency for it's 2nd worst (or is it the other way round now - I can't keep up) in a country where Bitcoin is banned so you can't use it anywhere.
I can see them queuing round the block for that one. Line will be longer than 'new toy day' at an Apple store
The ruble has been crashing for quite a while now, so if it were to be happening, it's likely already done. By the time news hits the front page it is usually a sign to prepare to go the other way
More likely, if they are prepared to go against the gov and try to sell rubles, the trade of choice would be buying $'s on the black market, which I imagine is significantly larger and easier to access in Russia.
And dat volume on BTC/RUB pair at BTC-e ... many coins, such wow!
691.
Post 9889361 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.40h):
https://www.cryptocoinsnews.com/bitcoin-not-currency-says-australian-tax-office/The role of the GST or the Goods and Services Tax will now come into sharp focus. Under this law, the use of bitcoin will apply twice to some Bitcoin transactions, both to the goods and or services being supplied, and to the use of bitcoins as a method of payment. Bitcoin exchanges and markets will have to charge GST on the full value of the bitcoins they supply to residents of Australia, and not just on commissions
Ooops
That's why we send them down there ... not very smart those Ozzies. Quite good at sport tho ... I guess it's all that time spent not reading books
692.
Post 9889412 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.40h):
https://www.cryptocoinsnews.com/bitcoin-not-currency-says-australian-tax-office/The role of the GST or the Goods and Services Tax will now come into sharp focus. Under this law, the use of bitcoin will apply twice to some Bitcoin transactions, both to the goods and or services being supplied, and to the use of bitcoins as a method of payment. Bitcoin exchanges and markets will have to charge GST on the full value of the bitcoins they supply to residents of Australia, and not just on commissions
Ooops
That's why we send them down there ... not very smart those Ozzies. Quite good at sport tho ... I guess it's all that time spent not reading books
I assume it applies to all crypto, in which case Ripple will be illegal in Australia.
No idea, but it's definitely got today's date on it
693.
Post 9918183 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.40h):
what is the purpose of buying 10k bitcoins in every exchange on a downtrend ?
turning the tides
Isn't that what King Canute did ?
694.
Post 9918486 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.40h):
what is the purpose of buying 10k bitcoins in every exchange on a downtrend ?
turning the tides
Isn't that what King Canute did ?
I checked. He tried but failed.
In fact he wanted to show that kingly powers are nothing compared to godly ones.
We can draw a parallel here and later fly off on a tanget:
parallel: The actions of a single whale cannot turn the tides of the market. (edit: we've seen this today with the 2k dump)
tanget: The actions of many men in unison however can. (edit: because they constitute the market, we'll see this soon enough)
Bingo ! You win a peanut ! I wondered if anyone would check
695.
Post 9937381 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.41h):
Xmas rally ... derp
Good call on the 6hr PSAR Tzupy
696.
Post 9955489 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.41h):
Good.
Fewer miners means fewer coins on the market which means higher prices.
No. Learn some fucking crap about Bitcoin before commenting pleasethankyouverymuch
fewer miner means that those fewer miner get more coin... because total no. of minted coin stay the same.
Not quite ... block reward remains constant (til the halving), but blocks will be found quicker when hash rate increases in between difficulty adjustments, and slower when it decreases, so emission rate does vary. Difficulty then adjusts according to the new hash rate and the cycle begins again.
This is only a significant effect when hash rate is trending very quickly between adjustments (as it was until it stalled this year). Otherwise its just noise. But I believe the cumulative effect has been to bring forward the expected halving date by several months due to the exponential rise in hash rate due to ASICs.
Speed of the network (read 'confirmation times') will also we affected by this.
Do I get a cookie Richy_T ?
697.
Post 9955645 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.41h):
fewer miner means that those fewer miner get more coin... because total no. of minted coin stay the same.
Not if the few ones left keep buying more hash generator things. If this happens, we will see mining concentrated in the hands of few and will be harder and harder for newcomer have profits(any similarities with current situation is just coincidence)
See above ... if that smaller group then buy more rigs in the same proportions, the number of minted coins they receive will not change at all (with the exception of what I wrote in my previous post) so I don't really get your point.
As for newcomers they have the advantage of being able to buy the newest, fastest rigs on the market, so as long as they have done their maths right and can run a business, there is still no barrier to entry. In fact they may be more competitive than the incumbents if they ONLY have the newest and fastest gear and a good set up. The landscape can change quite dramatically. Though, I agree, it is and will likely remain open to those with deep pockets.
It is those with obsolete equipment that are the losers, as it always has been in any industry. Nothing else really changes.
698.
Post 9955937 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.41h):
Yep. Whoever dumped 1000 coins on bitstamp certainly wasn't seeking best price - just to move the price downwards!
Bitpay as is previously documented do not just directly dump onto exchanges, and certainly not in large price moving tranches.
Didn't exactly look like the buyer you were celebrating last night was seeking best price either. You can't have it both ways.
'Hmmm ... it's genuine buying when someone tears through the order book on the upside but its a conspiracy when they market sell'. That makes zero sense.
The only logical conclusion is that Shroomskit is right and all traders are idiots
And Blitz, I reckon Shroomy would be a real hit at parties. I mean, can you imagine ... it'd be like inviting Scrooge round for Xmas dinner - that has to be funny
699.
Post 9957849 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.41h):
I would like to see some action already, this hovering around 310-330 is boring...crash to 200 or whatever and then rise already, cheeez...How hard is that?!
That would be too easy and hence not profitable.
yeah, i guess...but we all know that btc will not die, it will rise again as always, it has to, because if not, all our hopes for financial freedom are lost so i don't know why people make so big theater about it every single time, this shit is going to the moon sooner or later, so why you want it later and not sooner, stupid traders?
Shroomy, is that you ?
700.
Post 9994371 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.42h):
All this tells me is that they filed yet another amendment to their submission to the SEC.
Is there anything else whatsoever to this story, or is this just lame news on a quiet day ?
701.
Post 9994672 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.42h):
OMG !! OMG !! ETF Amendment number 4 rejected, 5th one submitted, still no approval, BUY EVERYTHING !!
just another paypal/microsoft thing... i would be worried if i had some shorts open now, short squeeze is incoming.
At least those were actually significant news ... worthy of a trap !!
This looks like the holiday staff at marketwatch desperately seeking a story
702.
Post 9996085 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.42h):
Disregard short squeeze. People are not incorrectly reading bad news as though it were good news like they normally do. Bring on the end of the world.
haha
I was waiting for someone to try and spin this further delay and uncertainty surrounding the ETF as good news, but it seems not to be happening. I think they've spotted the snipers in the bushes
703.
Post 9996189 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.42h):
Disregard short squeeze. People are not incorrectly reading bad news as though it were good news like they normally do. Bring on the end of the world.
haha
I was waiting for someone to try and spin this further delay and uncertainty surrounding the ETF as good news, but it seems not to be happening. I think they've spotted the snipers in the bushes
You sir are trying to do the spinning
No sir , just calling it how it is
If I am spinning, please explain to me how further delay of something that people are eagerly anticipating for a boost in prices is positive. Clearly their last submission was not approved or they would not need to submit another one. Clearly this pushes back the timeline.
At best it's neutral if you were not expecting an imminent launch.
The whole news article was complete misrepresentation and omitted most of the facts.
That is spinning ... or just piss poor journalism, probably the latter
704.
Post 9997100 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.42h):
Happy New Year to y'all too !!
705.
Post 10045706 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.44h):
get the vaseline ready, bears
Vaseline?
More like valve grinding compound.
Yeh, cos this double whammy of sharp price decline and possible $5m heist at the biggest Western exchange is going to have people flocking to BTC
It *may* stem the bleed in the short term, but does more damage to credibility
706.
Post 10049894 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.44h):
I can't think of any reasons why this would preclude it being the alleged hacker's alleged address. Not saying it is or isn't, just saying that further inputs neither proves nor disproves anything. All is still very much in the realms of speculation.
My own thoughts are that if this address did indeed belong to BitStamp, or was completely unconnected to the incident, they would have said so by now, given the (negative) publicity and rumours surrounding it. It would be in their best interests, no ?
707.
Post 10052026 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.44h):
A bit of panic short covering by people who sold on the Stamp news IMO
Move along now ... nothing to see here, just another $5m heist of BTC, nothing new
Good PR job by Stamp, quick announcement and covering all losses
BTW, anyone who thinks they are going to market buy those 18k is a fool
708.
Post 10056955 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.44h):
with 19 millions of longs and btc price @ 270 I have my doubts about getting far.
310~320 $ is my guess.
Who knows, let's roll the dice
Looks like a coin toss to me ... $20m longs, $5m shorts and a very thin order book on both sides at BFX
Add in an ascending triangle from the low that is rapidly running out of space and we are heading for a breakout very soon IMO
If you like your risk in extreme doses, now's the time to place a bet
Oh yes, lets add in another variable for fun - Stamp could reopen or make an unexpected announcement at any time lol
709.
Post 10057078 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.44h):
There could be little run out from stamp when they come back online... fastes way is btc or ripple (not sure how many are using ripple)
They could reopen with certain short term limitations, which could be interpreted positively or negatively by the market - who knows? Very tough position they've got themselves into. TBH I have my doubts that we will see them online today, but as I am no expert I have no idea how long all the checks and changes would take, so take that as pure speculation, not an attempt at FUD.
But I sense fireworks are on their way. Best plan might be to sit back and watch the show
Popcorn time coming !!
Til then ...
710.
Post 10057432 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.44h):
Lol! Is there something significant about the age of the dancers? Is that how old we all gonna be by next bubble?
711.
Post 10059643 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.44h):
What on earth is going on with the influx of trolls, it is beyond a joke.
Thread is totally fucked.
Cannot even see why the trolls bother, they are just trolling eachother.
Absolute freaks.
Lol! Just had a mental image of a bunch of trolls trolling each other ... not a pretty sight !
But you're right, not much else going on ...
Fortunately I find some of it quite amusing
712.
Post 10068912 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.44h):
are they preparing a big dump of re fueling their hot wallets?
99% sure it'll be a dump.
Won't change my positions though
Can't see that myself
On a scale of 1 to stupid that would pretty much on a par with breaking into a house to rob it, getting drunk on their booze and falling asleep in the armchair ...
He is highly unlikely to be able to cash out any fiat from any exchange he sends those coins too and they are being watched by hawks. Any exchange that touches them will be pressured to hand them and him over. Hell, why wouldn't they. Exchanges need to stick together on this. Can happen to any of them.
One thing he could possibly do is 'wash' them by selling to himself on a different account as suggested, but think there is too much heat on ATM for this to be possible too, with all the addresses being watched. Regardless, doing it by dumping in would be like shining a torch on himself as he did it. Slow drip feed on multiple exchanges, selling to himself, withdrawing 'clean' BTC, possible, perhaps. Still very risky. Anything else, handcuffs. In my humble opinion.
First thing he's gotta do is get the bounty-hunters off his tail ... that will require a lot of continual coin movement.
Of course, all of this is dependent upon our speculations about the actual hack being correct. Layer upon layer of speculation. I think there's gonna be a run on tin-foil hats soon
713.
Post 10079788 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.45h):
Huobi very bearish, uptrend broken. Down we go.
But .. but ... but .... it's all fake, ignore it <buries head in sand and sticks arse in the air>
Is it more likely that the trading happening on OKcoin is fake or that Bitstamp is insolvent?
The dumb thing is, we can't know and it could be both, and it could even turn out that Bitstamp is the fake and Okcoin the insolvent one.
Tru dat
714.
Post 10079919 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.45h):
Meanwhile btc swaps have passed the 25,000 mark on finex.
Can we trust
that ??
Of can we trust that there are in nobody out there that knows more about the current situation than we do and is leveraging it to the hilt?
So many unknowns, but you consistently point to the 'open shorts' in the hope of an epic short squeeze. You may very well be right, but be careful interpreting anything you hear or read right now. Many of these short may have so much conviction/knowledge (read insider info) that they are unsqeezable.
I posted in the 'This can't end well thread' - it could very well be that (possibly nervous) miners are becoming more sophisticated as the market matures and the products available increases,and some are actually hedging future output with BFX shorts, as happens all the time in commodity markets. Again, these would be virtually unsqeezable. And it would not be an altogether unsurprising action in the current climate of uncertainty.
And what about the 10k BTC of bids that have disappeared from the BFX bid side. Leveraged longs may be getting a bit twitchy too.
I have no idea if this or anything I said is happening, just keeping an open mind to what is unfolding as it is possible for the landscape to change very quickly at this time.
ATM it looks like things have turned decidedly bearish and has done since we hit the high last night. We will need to take that out on high volume for me to change my view.
Interesting times ...
715.
Post 10080099 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.45h):
<snip>
I am simply pointing out that short swaps are at an ATH even as the price stays relatively static.
This is an extreme market condition. It doesn't mean the price goes up.
It is very worthy of note as previously a massively high short position precedes a reversal. But this is Bitcoin where the bid side could be the guy shorting
I think you are doing a bit more than that
. You are only telling half the story by not talking about the bid side that has disappeared. BFX looks like an accident waiting to happen in both directions right now.
Its also worthy of note that at this point these guys are simply refusing to back down and are increasing their bets. I am honestly surprised that we have seen no covering whatsoever. It makes me think about what it might be that I do not know.
716.
Post 10080387 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.45h):
Even shorts opened by miners are not held in perpetuity, if the price rises they would be closed and reopened higher. You only hedge against price falls.
That's another huge assumption and would defeat the purpose of the exercise, which is to lock in the price of future production during uncertain times.
It would be trading and not hedging.
Just to be clear, I do not claim to have any idea what miners are doing or will do
717.
Post 10080518 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.45h):
Pump to 315 incoming.
postponed for 24 hours
Make it 6 days.
Ahh.,.. what the fuck.
Let's just quit pretending you know what is going to happen.
Next 6 days are critical
Damn ... you're having conversations with yourself on an online forum ... you might want to see someone about that! Talking to yourself in the privacy of your own home is one thing, but you're taking it to another level
Appreciate the honesty tho, I think you got a good relationship going there between you and yourself
718.
Post 10080675 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.45h):
So do you think bitstamp is coming back?? I have most money there
They said they will 'honor' peoples money. I'm not 100% sure what that means.
I have no idea what it means either ... maybe this
https://www.youtube.com/watch?v=7GSXbgfKFWgI hope not. My gut has been telling me they will make good on everything, but some more senior members are making me question that now. And others are not. Like most people, I really don't know what to think, but I am still biased towards 'yes, back'. My concern is how badly damaged people's faith is in them and the net result of that. The sooner they are back, the lower the collateral damage for everyone.
I always doubted they would be able to be up and running again in the given timeframe, so not surprised by that. Even if nothing untoward is going on, it just seemed overly-optimistic. But he had to say something when pressed, so personally I would not read too much into that deadline passing unmet. Jees, when he said it, it is highly unlikely he knew with certainty exactly what they were dealing with (assuming their story is true)
719.
Post 10082432 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.45h):
No wonder shorts are high as balls, shit looks like it's trying to break any possible sign of long term uptrend...
<possibly about to drop off cliff chart>
Hat tip
What a great gif and great response !!
720.
Post 10083220 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.45h):
Big buys in the next hour if the pattern repeats for a 3rd day in a row ... this should be interesting.
Pattern or trap IDK
721.
Post 10089628 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.45h):
any OTC market in coins held on BitSwamp yet?
50 cents on the dollar? what's the discount for swamp coins I wonder?
I think MtGox was still up when they were doing that, you just couldn't get your coins or cash out. They were using MtGox points/rewards/whichever to transfer the funds.
Yeh, it was something like that. I guess this would have to be some sort of straight up betting site, with a trusted escrow. Someone will do it if the demand is there.
Seems a bit premature to me ATM TBH. I am still optimistic that even though there may be some sort of run on Stamp , people will get their money and coins back. I certainly hope so anyway
Perhaps I am naive. We will see ...
And no, I am not blinded by having anything stuck there.
722.
Post 10096446 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.45h):
Remember Gox in January 2014? There was 15%+ difference to other exchanges, because people were buying and withdrawing coins.
The same could be happening with Bitstamp now. It coincides with a normal upward market movement, but it could be misleading.
Very different scenario IMO - that sh*t had been on the cards for months ... but only time will tell
723.
Post 10101394 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.45h):
I think short-selling will never end. It's a powerful negative feedback loop. Bitcoiners are killing Bitcoin
Well selling 6000 coins on finex on Saturday morning isn't anything other than manipulation is it. Certainly not selling for best price.
The buying on BFX this week did not exactly look organic either - exactly the same time 2 days in a row then a trap on the 3rd. Whole thing looks like yet another round of pump and dump.
Just another regular week in Bitcoin!
724.
Post 10124037 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.46h):
<doomer alert>
<inca alert>
725.
Post 10257632 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.52h):
Not getting back in until I see 3 successive green candles on the 1w charts.
Obviously I won't get in at the bottom but it will at least be on the way up.
If you did that back in June you would have bought at the top.
Ummm...no...I would have bought at $450.76
eh? On what date was the price $450 AFTER three green 1w candles?
Check Stamp and BTC-e - 19th May
Huobi and BFX would have had a very different outcome though ...
726.
Post 10257685 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.52h):
Fair enough, still that middle green candle was a red one on Huobi, Finex and OKcoin which are far and away the market leaders in comparison to Stamp and BTC-e. Therefore which would you base a trade on if your looking for three 1w green candles.
Kraken, naturally
727.
Post 10257713 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.52h):
Tomorrow Coinbase will add litecoin and dogecoin. Dump BTC and buy one of those shitcoins instead.
Sssshh, don't tell anyone.
i think it will be something else.
Huh but that's an interesting assumption!!! I mean... LTC went up these days, maybe some people knew about this and bought some coins... Could be insider trading or something, man. Maybe we
do need regulation!
LMAO at the irony
if it is this ...
NYSE invests in Coinbase, talk of regulation, a few days later obvious insider trading takes place with Coinbase plans at the centre
Only in Bitcoin
728.
Post 10269057 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.53h):
I've been chipping at it.
Trying to keep my margin call way low just to play it safe.
Looks golden.... will panic buy $282-$287.
3600 to go on it! ($360,000)
Its a long being margin called and force liquidated ... you can see the order in the liquidation page. Must have bought very close to the top. Now below his margin level so OKCoin has a limit order in for liquidation.
And please stop posting that retarded gif ... the lack of new material is starting to make me me think you are the one in the picture.
look at the next_week contract, there is also 8k+ lots
Again, it is a long being liquidated
729.
Post 10269127 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.53h):
And please stop posting that retarded gif ... the lack of new material is starting to make me me think you are the one in the picture.
If you don't like Super Troopers and you don't like seeing fake bears get humped then ignore me because I'm 99% sure it's going to come up a few more times today!
Why fix something when it's not broke... I like that gif
It was mildly amusing the first time. Now it's like a broken record
730.
Post 10284091 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.54h):
think its safe to sleep in btc? :/
Probably not
any suggestion for placing a buy order if theres a dip in the next 6 hours?
Put it under your pillow
731.
Post 10288877 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.54h):
I feel sorry for all of you guys that expected a bounce from 250~260.
I said no.
You always say no. So you have to be right some times.
no.
in 2011~2012 I said yes!
place your bids gentlmen! bitstamp bid side not looking good.
In case you haven't noticed, Stamp is dieing. Anyone making decisions based on Stamps order book has gone full retard.
Totally agree. After the close beginning of january the orderbook vanished.
You can better look at bitfinex if you ask me.
Yes, at least they admit that they are insider trading, stop-hunting and front running over there
Never mind, Gemini to the rescue .. c'mon boys ... pull your fingers out
732.
Post 10289200 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.54h):
Yes, at least they admit that they are insider trading, stop-hunting and front running over there
Do you have a reference for that?
I'm assuming he means
thisThanks
[/quote]
Yeh, that will do! There is also a whole thread about it somewhere
733.
Post 10290272 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.54h):
It will be even better if we do go up significantly again, proving the uptrend to be real and sustainable this time. The market is still completely paralyzed and shattered after a year of bleeding out. Regaining trust takes some time!
Personally I think that Coinbase pump and dump removed a significant amount of confidence and trust that was being slowly rebuilt. Lotta people got burnt AGAIN by obvious insider trading
OKCoin is still sitting with 14,000 futures contracts they need to liquidate at $275 and above ...
Their insurance fund is now annihilated and traders there will be taking a significant haircut this week on their gains unless we get above that level by Friday morning
Anyone who buys futures there today or tomorrow has a high chance of buying into a guaranteed socialised loss
734.
Post 10290839 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.54h):
It will be even better if we do go up significantly again, proving the uptrend to be real and sustainable this time. The market is still completely paralyzed and shattered after a year of bleeding out. Regaining trust takes some time!
Personally I think that Coinbase pump and dump removed a significant amount of confidence and trust that was being slowly rebuilt. Lotta people got burnt AGAIN by obvious insider trading
OKCoin is still sitting with 14,000 futures contracts they need to liquidate at $275 and above ...
Their insurance fund is now annihilated and traders there will be taking a significant haircut this week on their gains unless we get above that level by Friday morning
Anyone who buys futures there today or tomorrow has a high chance of buying into a guaranteed socialised loss
Well it was disappointing, yeah, but if we actually overcome it, things will be looking even more bullish. What if everyone expects the market to go down... It goes up - we all know Bitcoin, don't we? But I agree that the debacle on OKCoin doesn't look good. But keep in mind:
Coins/FIAT doesn't "disappear", it merely changes its owner who may invest it again.
That requires more sheep for the clippers !!!
No, none of it is anything very serious or overly new in this arena, and Coinbase has the potential to herd in some unsheared sheep
Just a couple of headwinds that make me think we are more likely to go down in the coming days than up.
735.
Post 10291232 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.54h):
Where there are losers there are winners too.
Tru, but the market requires 'sustainable shearing' and/or lots of new lambs in order to function at its best
Interesting. So then these 14,000 contracts represent real coins?
They represent approx 4.5k of BTC price exposure, but can be purchased on margin.
It is still by no means a small position. It's bigger than any of their top 10 holders (biggest is 13k contracts, the rest are all 3-5k)
I guess that 13k might be the other side of this trade !
736.
Post 10308431 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.55h):
... shittiest trade you have ever made in your life.
It was and it was a trade based on a lie.
I thought that spoke for itself
Well, for me, the gloating and the repetitive posting of a shite gif was flashing a big red warning sign all along. You might want to watch for that in future
737.
Post 10308730 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.55h):
Oh yes judge, my greed was so that I could not help myself, I had to buy the coins, I had no choice, and no they did not ever actually unequivocally ever say that they were actually regulated in California per se, and no I have not actually made an actual loss yet (?) ... and... you get the idea.
You're ranting. That's what happens when you feed the trolls.
Meh.. yeah I admit it, in the end I might have got a little ranty there...
Lol ... everyone gotta feed their own inner troll a morsel or two every now and again
So we are just stuck around 230 now.
Not for long .. 200 incoming
738.
Post 10309111 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.55h):
So we are just stuck around 230 now.
Not for long .. 200 incoming
Don't say that. It's going to
stabilize at $230 for a while and then it's going to move up in a
respectable manner and everyone will live happily ever after...
Don't say that. It's going to
stabilize at $230 for a while and then it's going to move up in a
respectable manner and everyone will live happily ever after...Don't say that. It's going to
stabilize at $230 for a while and then it's going to move up in a
respectable manner and everyone will live happily ever after...Don't say that. It's going to
stabilize at $230 for a while and then it's going to move up in a
respectable manner and everyone will live happily ever after...gnnniihhhffffiifhggh!!!!
Careful, all that rocking back and forwards may make give you motion sickness !
@ Elwar lol !!
739.
Post 10309161 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.55h):
Just for old times sake BAC, your favourite gif
Remind me again which one you are ?? Maybe a bit of both ??
I'm not pissed cos I see it as typical of the unethical behaviour that is prevalent in BTC. I stopped getting pissed at it a long time ago. You want free markets, no regulation, this is what you get
And as for Coinbase being a 'regulated exchange', well, does not stop them and everyone else trading insider information on the unregulated ones. And have you seen the appallingly low pursuit and conviction rates for insider dealing on 'regulated' exchanges? For BTC to even get close to that piss-poor % would be quite an achievement.
740.
Post 10309835 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.55h):
Ok, I can take the trolling, name calling, schadenfreude and all the rest.
But when this place turns into a dating site, I take it as a good time to take a vacation from bitcoin.
Hahaha
I was thinking the same thing !!
EDIT : You fancy going together?
I'm free this weekend ...
741.
Post 10310427 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.55h):
On btc-e 1200LTC/BTC trade was made the BTC was then sold at market rate and the usd was shorly used to bbuy 1200 ltc and keep the ltc/usd value the same.
I've got one major problem with this theory ... 1200 LTC is like 10BTC ... 'dumping' 10 BTC would have no impact on price whatsoever so your graphs make no sense to me.
Correlation /= causation
742.
Post 10310477 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.55h):
I'd beg to differ that a 10btc move doesnt move markets as they seem to be relatively thin?
10 BTC would very rarely cause a move of the magnitude he is showing, and several hundered coins were dumped in the time-frame of his graph. That 'possible' 10 from his LTC theory is just noise in this.
743.
Post 10313471 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.55h):
Jees ... the level of delusion in thinking that people will rush to the security of BTC in times of crisis. We are soooo not ready for that and neither are the masses. But the story will be spread and people here will buy into it, not realising that it is just another pump, like Coinbase, and that until enough infrastructure is in place BTC is mostly useless to people in these countries in crisis. They have more pressing problems, like how to find work and how to feed their families, and in most cases are not going to find BTC either useful or easy to use at the moment. That will likely change with the level of infrastructure investment, but that takes TIME.
Switch from your decimated currency to the worst (or was it 2nd) performer of 2014 ... sounds reaaaally smart
Anyone with decent chunks of cash will likely be switching it to dollars if they have not done so already (and doing very well out of it)
And the fact that people hope that the pain of others will be their own saviour is, quite frankly, nauseating to me
Buy BTC because you believe in it and believe it has a future, not because you think it will make you rich quickly from somebody's else's pain. And only risk what you can afford to lose. There is no real sign yet that this bear market is over IMO. It may be, but it is definitely not a given that the low is in.
Coming here and asking for advice on BTC is like going to a gold forum and asking Gold Bugs if you should buy gold NOW! Hmmm ... what do you think most will say most of the time. Call it 'cult', 'perception bias', 'dogma','vested interest', whatever you like - its no different.
I am not bashing BTC or Crypto in general, it is extremely interesting and I think it will almost certainly have some place in the future financial order, but changing people's perceptions of what money is and how to use it does not happen overnight. This is just the beginning.
And neither does changing people's perception of BTC as a 'get-rich-quick' scheme - that takes a grinding bear market and some independent thought. Perhaps that is why this is taking so long ... lots of new entrants have to learn to love BTC for what it is or learn the hard way what it is not.
/soap box mode
744.
Post 10313611 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.55h):
<nsip>
Mostly agree with the gist of your argument but the kind of change some are suggesting (even you) does not wait for all "people's perceptions of what money is" to change.
Ultimately laggards will be forced into BTC by economic reality. Question remains when will this take place and at what point are you at a loss (pain) jumping ship.
Bitcoin
time waits for no man.
That is by no means the certainty that you present it as. This is still an experiment. It may yet fail, or BTC may not be the winner.
Some form of cryptographic money will almost certainly play a part in our future IMO. What part, and when, is very much undecided.
745.
Post 10313705 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.55h):
The market seems pretty decisive as to where "other forms of crypto money" stand : in the trash bin.
"This is still an experiment" Lol you sound like Gavin
I think you are pressuming that I am talking about the current alt-scene. I am not. I am talking about things that we have not even seen yet, and I am not arrogant or intelligent enough to presume to know what the future holds in that respect
"Experiment" - yes it is ... it's all part of the great mystery of life, constantly evolving
EDIT : The market priced BTC at $1200 a year or so ago and here we are at $220, so I would not place too much faith in it as a guiding light. The market is made up of humans and will always be subject to their whims. In their day, 'the markets' placed 'the earth is flat' as a near certainty. And there were no black swans, only white ones, until somebody first saw one, in Australia, I believe. Lots of theories as to why there were none, but in the end, all nonsense.
746.
Post 10313933 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.55h):
So the brightest and best are experimenting with BTC, that's great
You would come across a lot better if you dropped the insulting attitude BTW
747.
Post 10314093 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.55h):
You would come across a lot better if you dropped the insulting attitude BTW
... just dressing for the occasion. I didn't create the cesspit this place has become.
Do you think that will help ? I don't
Not disagreeing about the amount of drivel and trolls in here though
748.
Post 10314274 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.55h):
You would come across a lot better if you dropped the insulting attitude BTW
... just dressing for the occasion. I didn't create the cesspit this place has become.
Do you think that will help ? I don't
Not disagreeing about the amount of drivel and trolls in here though
He's just riding the mood, you big poo head.
749.
Post 10323841 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.55h):
I must admit that coinbase pump was one of the most gruesome pumps in the history of bitcoin pumps.
many bulls got annihilated and I expect a quick fall to sub 200.
Yes and yes, totally agree
And with the mother of all H&S clearly visible on the 4hr and 6hr the target ought to be about $150 IMO, possibly next week, though I would expect us to overshoot if that materialises
750.
Post 10328991 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.55h):
Nice to see the insider info the support and pump was based on this weekend!
Now lets find out if there is any substance to it or if it's Coinbase Lunar 2 ... I have no idea TBH. Who can be a sponsor? Is 7 a lot ?(does not sound very many for changing state policy)
Gonna be an interesting week
751.
Post 10371304 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.56h):
Sub 100 $ in 6 weeks.
Yawn
I agree, that's far too long and boring ... lets do it quicker !
752.
Post 10371331 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.56h):
I wish it would happen so he would stop talking about it ... getting kinda boring
<grabs pencil, starts analysing BFX statistics as if they are the only market driver>
753.
Post 10371403 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.56h):
anyone else notice that the recent bottom in price, 'so-called market cap (value of total coins issued) was also a test of the market cap at old ATH $266 price ~$2.5 bill.?
Seems like that will have made a very solid bottom (I'm calling it a top for the current crop of fiat currencies).
So, as more coins are mined, we can keep hitting lower lows without reaching a lower 'market cap' ... interesting, never thought about it like that before
754.
Post 10376821 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_13.56h):
Hmmm, $ flying on strong US jobs data, Gold dumping on $ strength, BTC rallying
Hmmm ... unusual ... lets see if this holds.
755.
Post 10558521 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.00h):
Watch out...
Hehe!
I think the mods are short ATM, so trolls can play
BTW, I just reported your post for being off-topic and of a trolling nature
756.
Post 10569985 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.00h):
Yeah, We'll probably see $240+ all day tomorrow. Hopefully pushing past $250, and maybe $260 ($270?) the following days. 2015 is th year of [Insert animal that represents slow growth and lots of sideways motion).
An extremely fat crab with midget legs ??
757.
Post 10588101 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.00h):
Best comments from Matonis' tweet feed RE: Greece and Bitcoin:
I suppose if a transparent mechanism replaced a it might be there it might not banking system there could be beneficial side effects.
^ come again?
Yeh, I really have no idea what that means either
758.
Post 10611064 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.01h):
....
Just wanted to quote this bit of comedy for those who might be ignoring these two.
Funniest thing I've seen in ages.
Gotta give credit where it's due.
Lett me get this strait. You are intentionally exposing people to the writings of people you know are purposefully ignored? You are doing this because you know better what people want or ought to read than they know themselves?
It's a fucking anagram, you arrogant ass clown. Circumventing users control of their own experience is a shitty thing to do here of all places. You ought to know better.
It was just a joke, bro. Don't be so sensitve!
BJA sensitive LMAO !!
He just LIKES to shout at people ! Especially women, as they are apparently the inferior sex with less grey matter
Oh, and anyone else that may mess with his bean count
Question for BJA ... who has more 'rights' ... women or 'ignorers' ?
EDIT: On another note, at the previous auctions, by this stage, we have had people openly saying they will/won't participate in the auction. I don't know how to interpret the silence on this one. I did wonder if the spike was caused by someone who knew something (either way would work ... P&D on low interest or just buying if there is larger interest). But then we have the Mega tweets, so I kinda ruled that out for now
Speaking of which: my comment that I didn't like ChartBuddy has been deleted. He must have friends in high places too;D
Chartbuddy has AI and can read what is posted about him. Likely reported the post himself
759.
Post 10613830 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.01h):
some people use commas 1,700 others prefer a period 1.700
I never knew we had a choice
760.
Post 10624531 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.01h):
hello people. If you are skeptical of another move higher, I understand. But now we have unexpected good news to build on the technical breakout of a few days ago. The 4h charts beginning to look like the move down out of the bull flag was a head fake. We still need to see a move higher, with good volume, but right now bears are nervous. We have already retraced the sudden move lower from earlier today.
You mean the insider buying ? Not saying it isn't bullish, just calling it what it was ...
Lol .. Winkelvii pwned again
761.
Post 10980597 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.09h):
wait a minute ... you're telling me people lie and change their publicly stated views for sake of their own self interest ! ? ! ? ! ? ... wtf is this world coming to ...
I know, shocking isn't it... and Inca of all people telling you this lol (who else ??!)
While he likes to point out that shorts are increasing (its about all he ever does), which is true, that is far from the whole story
In the last month shorts on BFX are up $2m
Longs are up by $5m in the same period
The market has been falling
Meanwhile leveraged longs are up to a record high that is double what we saw in July in BTC terms
Jorge ... can we do some maths here ? Where is the pain ?
Meanwhile we wait for Barry 'just another couple of weeks' Hypemaster Shillbert to save us and open the flood gates of 'Wall Street money' (which was supposed to be coming in all of last year IIRC)
Its looking good though ... so far there are bids for 70BTC on the 'ETF' whilst they overcome the 'delay' in getting certificates to permitted sellers
. Are they using actual snails for the delivery of certificates?
I am sure everything is fine though and we will moon as soon as Barry gets his act together and provides us with a highly liquid investment vehicle <cough cough> that 'Wall Street' just can't wait to get it's hand on ...
Keep praying and preaching about the 'epic short squeeze' Inca, one day you might actually get it right
762.
Post 11001469 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.09h):
You mean they closed without any reason???
Based on my knowledge, they got investments from Google too, right???
Yeh, there was a reason ...
With the dip in bitcoin interest among Silicon Valley investors, we weren't able to generate enough venture capital interest to continue funding Buttercoin.
http://www.coindesk.com/bitcoin-marketplace-buttercoin-folds-despite-1-3-million-investment/I expect we see more of this sort of stuff this year. We need true innovation, not just more exchanges, wallets or miners. All of these sectors are overcrowded now.
763.
Post 11008088 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.09h):
i think this is just a deceptive mexican standoff conjured up to probe the market, mislead the price guess.. notice how this is being delayed... if i'm observing correctly shorts vs longs is no longer accurate as it used to be in 2014 as it's becoming way too predictable and less profitable... i'm still positive that this market is rigged up to eyeballs and any engineered "news leak" any day now should set the direction either way to manipulators' benefits... i wouldn't be surprised if the forces that move this market are present in both sides of the leveraged market...
I was thinking the same thing yesterday
What is to stop whales from gaming these numbers by borrowing coins from themselves and shorting these instead of selling directly? They are guaranteed that the new ATH in shorts will be screamed from the rooftops in here and seized upon as bullish. If you borrowed your own coins, there would be no cost to this strategy as you would be paying interest to yourself.
No idea if this is happening, but if it has not done already, it will be done one day for sure. Inca's predictable posts would be like free advertising to them and play right into their hands
Equally well, borrowing your own USD to game the long data would be easy and free, though it would seem to be a longer game given the generally slower trends in those numbers.
FWIW, even though I am bearish, I look at that short data and wonder how it can go down with such a high number, so if it's a psy-op, it's a good one.
764.
Post 11008814 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.09h):
i think this is just a deceptive mexican standoff conjured up to probe the market, mislead the price guess.. notice how this is being delayed... if i'm observing correctly shorts vs longs is no longer accurate as it used to be in 2014 as it's becoming way too predictable and less profitable... i'm still positive that this market is rigged up to eyeballs and any engineered "news leak" any day now should set the direction either way to manipulators' benefits... i wouldn't be surprised if the forces that move this market are present in both sides of the leveraged market...
I was thinking the same thing yesterday
What is to stop whales from gaming these numbers by borrowing coins from themselves and shorting these instead of selling directly? They are guaranteed that the new ATH in shorts will be screamed from the rooftops in here and seized upon as bullish. If you borrowed your own coins, there would be no cost to this strategy as you would be paying interest to yourself.
No idea if this is happening, but if it has not done already, it will be done one day for sure. Inca's predictable posts would be like free advertising to them and play right into their hands
Equally well, borrowing your own USD to game the long data would be easy and free, though it would seem to be a longer game given the generally slower trends in those numbers.
FWIW, even though I am bearish, I look at that short data and wonder how it can go down with such a high number, so if it's a psy-op, it's a good one.
You might be right to a degree. The market is owned by a small cabal of traders.
Regarding borrowing your own coins and usd - we can see what is simply borrowed, and what is sold into or bought from the market. The data show clearly that half of the shorts were opened below 300, with thousands underwater. Sure there is nothing stopping someone dumping 15000 coins on the market to paint a bearish picture. Equally after going long 25 million USD what is another 5 million to squeeze shorts into capitulation?
Fascinating setup currently.
My point was that borrowing your own coins, selling them on the market and thereby inflating the shorts on BFX paints a different picture to simply dropping them on the market. One shows up as a possibly squeezable short, implying potential upward pressure, ergo you may get the chance to sell more at the same/higher price if someone attempts that squeeze. The other just disappears in trade data and paints a more bearish picture if anything. Would be a smart play for a big player who has more to unload.
Yes ... current set-up looks like ready for fireworks. So expect more sideways
765.
Post 11008853 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.09h):
It's the calm before the storm. Beside it's not. The one who sees, will recognize the powers that equalize themselves.
That sounds like something from the I Ching!
And you could very well be right ... we are going nowhere fast, until we do
766.
Post 11013402 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.09h):
Another fan, you want to enlighten us on the improvements that leocoin offer?
with links to facts please... (I expect another person on my ignore list in few seconds
)
I'm no fan, I'm just having fun
767.
Post 11023381 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.09h):
Yeh , still waiting ...
They said it should start this week?
Yes, like the two previous weeks.
768.
Post 11097200 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.11h):
Aaah ... back from my ban - i promise never to mention my fanatical involvement with LeoCoin ever again
Anyone else feel like this is soon to drop like a sack of spuds or just me ??
Or will Shillbert save the day *in 2 weeks* ??
A visual aid for my market view right now ...
769.
Post 11097430 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.11h):
<shilbert guarantess a bubble>
thats why there will be another bubble, im sure his name worth more than current bitcoin valuation.
So you are bidding $220 for his name? Where is his offer ?
BTW, I would not invest anything with some one who made such claims. I wonder if that is on the Greyscale prospectus too. He is underwriting Bitcoin. Wahooo !!!
770.
Post 11097491 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.11h):
<shilbert qoute>
thats why there will be another bubble, im sure his name worth more than current bitcoin valuation.
So you are bidding $220 for his name? Where is his offer ?
you seem to miss my point entirely, even if there is no bubble
he will make it bubble because he already said so ok ?
LMAO
Is his middle name Moses?
771.
Post 11097537 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.11h):
<shilbert qoute>
thats why there will be another bubble, im sure his name worth more than current bitcoin valuation.
So you are bidding $220 for his name? Where is his offer ?
And what a name! Are we gonna have a 13 billion market cap again because of "Barry"?
How much do you reckon I can get for "Bob" ?
772.
Post 11097637 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.11h):
"Bob" is way cooler. At least 50 billion.
Thats settled then ... I vote we rename it BobCoin
773.
Post 11097850 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.11h):
Please take your reference to an Altcoin to the Altcoin section of the forum and keep on topic
(did I do that right?)
BobCoin would not be an alt, just a rebranding of BTC, hence discussion is allowed here.
Everyone knows Bob, but Bit is not so well known ... could work
Edit: Hey, wadya know, seems I just returned from my ban as a Hero
Who said crime doesn't pay ?
774.
Post 11098252 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.11h):
<snip>
Edit: Hey, wadya know, seems I just returned from my ban as a Hero
Who said crime doesn't pay ?
Question is: will you be Legendary next, or Infamous?
Ubiquitous
775.
Post 11098652 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.11h):
I'll give that one a miss in more ways than one
I'm with you there, so to speak
Damn, seems like we have a Bob-hater already ... that was quick
776.
Post 11099807 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.11h):
Am I really so annoying? Feri22 accused me of trolling too.
Maybe we could have a poll on it ... just a thought
Not sure which way I would vote, but I'm open to bribery if you need support
777.
Post 11099839 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.11h):
Trolling is an attitude and a habit. For some it's even a way of life! I've met even professors at the university trolling just for fun on public forums... (Hmm, now I think about it... hmm...
) Anyway. It takes a billion times the effort to repel a troll than what it takes just to ignore him/her. Do the right thing. Adopt the list. And please contribute if you have seen something I didn't. This way it's better for everyone. Probably even for NLC.
Personally, not doing the list thing, but any newbie account that looks like a sockpuppet, button gets an instahit. Sick of all these alt-accounts, but they are so damn easy to spot, its not really a big deal
Edit: Ok Fatman, you get a sympathy vote from me
But seriously, when people like the BlindMayor and Fatman, who are here to hang out, chat BTC and have a laugh, are making it onto 'lists' due to the overwhelming number of vomit-spewing alt-accounts, something is going wrong
Good people are getting crowded out by people with multiple personality disorders
... just my 2 satoshis
778.
Post 11099972 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.11h):
Nice work Adam! Trolling only allowed for "full members" at least.
Am I really so annoying? Feri22 accused me of trolling too.
NO! So you made someone's list, too? These are truly paranoid times,
Gentlemen.
, but I didn't think it was this they meant with Bitcoin needing more liquidity. It feels like I have financial diarrhea.
Edit: thx phoenix1!
Thing is, that is just getting emotional, it's not trolling. And we are all (mostly
) human
Troll's never admit to being wrong
Yey, and BMB, I agree, when people are in a financial squeeze, they sometimes don't appreciate the humour. But hey, WTF, win or lose, what's the point if you can't have a laugh while you are doing it? Even better if it is self-deprecating ... shows depth of character. And sometimes, just sometimes, being open to having a laugh might just snap someone out of a tight spot for long enough to see the bigger picture
You know the resident troll is failing when the only way to elicit any reaction whatsoever is to create a new account for virtually every troll post. All regular alt accounts ignored by virtually all forum users whether bear or bull.
Reintroducing newbie jail would engineer the desired effect of silencing him permanently I suspect.
With you on that one
779.
Post 11100032 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.11h):
You know the resident troll is failing when the only way to elicit any reaction whatsoever is to create a new account for virtually every troll post. All regular alt accounts ignored by virtually all forum users whether bear or bull.
Reintroducing newbie jail would engineer the desired effect of silencing him permanently I suspect.
I don't like that idea. Newbies can't defend themselves like we can.
Imagine the welcoming committee he would make
Fair point - perhaps that is where the moderating needs to happen. Newbie 'jail' (don't really like the word), with the insta-trolls insta-deleted. TBH I can't see him taking the time and effort to 'do the time'
Perhaps there is a middle ground where trolls could be evicted b4 they ever got to the main boards, without new members being torn to shreds
780.
Post 11100121 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.11h):
You know the resident troll is failing when the only way to elicit any reaction whatsoever is to create a new account for virtually every troll post. All regular alt accounts ignored by virtually all forum users whether bear or bull.
Reintroducing newbie jail would engineer the desired effect of silencing him permanently I suspect.
I don't like that idea. Newbies can't defend themselves like we can.
Imagine the welcoming committee he would make
Fair point - perhaps that is where the moderating needs to happen. Newbie 'jail' (don't really like the word), with the insta-trolls insta-deleted. TBH I can't see him taking the time and effort to 'do the time'
Perhaps there is a middle ground where trolls could be evicted b4 they ever got to the main boards, without new members being torn to shreds
He is extremely crafty...
True, but imagine the extra work required to conceal it's identity only to get deleted once true colours shone through ... at some point it would become like pissing in the wind, a bit like it is in here for us
781.
Post 11100287 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.11h):
I've read some recently about the art of trolling public forums to influence opinion, derail discussion, etc. It's interesting
Are you trying to get people to buy your books? This is a BTC forum
EDIT: Well, it used to be ...
782.
Post 11115448 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.11h):
Collection of the best names so far for our beloved fake/scam exchanges:
OkCoin = NOkCoin, 0kCoin (ZerokCoin), OkGox, fOkCoin, OxCoin
Please feel free, to add names for other "higly" trusted exchanges.
BootStamp, BitStomp, Bitfixed, BitFinished, BTnotC-e, Hobbly
Did I miss any ?
783.
Post 11142240 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.12h):
I pretty much share the same short-term view.
Here's DanV's newest projection.
<snip>
So effectively the guy that predicted Bitcoin's spiralling down to, what, $50 has now predicted a turnaround and bounce-off of about current levels? Interesting turn of events.
No. If you understand what he has written on TV, and the chart labelling, he is opening up to the possibility that we are still in a corrective move from the $166 low. See his green line to $360, labelled [C] - that would mark the end of the correction (from $166) and resumption of the downtrend to new lows at $xx(x?). IDK if this significantly alters his downside target, but it would certainly drag this bear market out several months longer than his previous count, which had us starting the move to new lows from $300 a month ago. Pick your poison ...
EW counts evolve with price action. To him this current action does not fit well with his previously published chart, so he is publishing a new one, as any sensible analyst would do.
Remember - the best EW analysts have multiple counts running in parallel at any one time. It is only by excluding those that are invalidated and focussing on those with the higher probabilities (according to EW rules) that they stay on track. But they will keep an eye on alt-counts in order to switch if the primary count is invalidated/looks less probable.
Here is the link to the chart with his commentary:
https://www.tradingview.com/chart/BTCUSD/EUytkasj-BTCUSD-FURTHER-SHORT-TERM-WEAKNESS-IN-STORE-WITH-OF-TARGET-210/
784.
Post 11142449 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.12h):
BEWARE: DanV is very good with downtrend predictions/bottoms/lows etc., but he's not good with predictions about UP. This is typical attribute about Elliott's waves analysis that is easier to use EW to dips than ups. I don't know if this is unique feature for EW and Btc but I can see this from long time. Maybe it's just because analysis in general is easier in downtrend than in uptrend, who knows.
Close - I think it's more a trend vs countertrend thing. We have been in a bear market for a long time, so the major corrections (to the trend) have been to the upside, and the impulsive moves to the downside. Corrective, counter-trend moves are generally more complex and difficult to count than impulsive moves that go with the underlying trend. That may explain some of his 'misses'.
785.
Post 11142558 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.12h):
<DanV stuff>
Ah, I see... I don't really buy the possibility to go up to $360 only to resume our long-term downtrend from there. I think basically
every single resistance line since the 2014 downtrend started will have been broken then and bull mode will kick in - big time.
Then we get the crayons out and draw some new ones
786.
Post 11147918 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.12h):
You know what's more excruciating than a high volume dump down to $180? A slow, 12 month grind down to $180. From the average Joe, I'm sensing a huge amount of apathy for bitcoin right now, which sucks.
Why no apathy in the years before Jan 2013? Are we still way above what can be supported?
I fear that if Bitcoin was what it is supposed to be you wouldn't have to ask the question. We would just see stable high volume on all exchanges. Instead we see the market and volume move according to the sentiments of speculators. If someone really needed BTC they would just buy it and use it without hanging out to see what the price would do. That doesn't mean that it can't sustain a highish price as a speculators plaything, but I would be more comfortable if speculators accounted for 10% of the volume, not 90-98%.
I'm going to +1 this so you understand the depth of my approval here. But I will delete it before the mods see it.
Yeh, will give a +1 too and await deletion. I posted this morning agreeing with the more active moderation of this thread. Post deleted. Now starting to wonder (speculate ... speculation forum) what the objective really is. Some clarification is definitely required IMO as it is is now starting to feel like censorship. First rule of Wall Observer - don't talk about post deletion ... does not work for me.
Perhaps we should open a seperate thread about it and see what happens to that.
If it is an active attempt to 'mould' this thread, well, ain't much point in typing here any more. I thought this was what Bitcoin was all about ... some kind of freedom, and this thread, a place to speak openly
(though I agree that intentional unwarranted denigration and incessant trolling is a plague that needs to be eliminated)
Lets see how long this post lasts ...
What is 'on-topic' when there is more activity in post-deletion than in the market ??
FWIW, interesting to see bid side building on BFX. Looks like we might have a little push up to $23X. Not sure it will hold though
787.
Post 11148588 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.12h):
Serously, 2 Chart Buddies in row due to post deletion - is that where we are heading?
Hang on, I think I saw a price move somewhere, on some exchange ...
Looks to me like a triangle froming round $224 over the last couple of days. Perhaps B of an A-B-C from the lows taking us to mid 230's if it breaks up.
Can I post a gif now ?
788.
Post 11148705 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.12h):
Serously, 2 Chart Buddies in row due to post deletion - is that where we are heading?
Hang on, I think I saw a price move somewhere, on some exchange ...
Looks to me like a triangle froming round $224 over the last couple of days. Perhaps B of an A-B-C from the lows taking us to mid 230's if it breaks up.
Can I post a gif now ?
I think you earned it.
Edit:
Is the shoulder complete yet?There.
You getting the hang of this
Not sure ... I don't think so ... unless it only has one shoulder.
Walls are building tho ...
789.
Post 11148860 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.12h):
31 BTC buy wall at 225.3
Edit: it got eaten...
fake bid being eaten by a fake sell by the same person
Could be ... well spotted chaps
790.
Post 11196399 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.12h):
OKcoin futures above Coinbase market price.
Thank the Lord, leveraged gambling site temporarily priced over our favourite high volume, regulated exchange used by all of Wall Street <cough>
Everything's gonna be alright
791.
Post 11196488 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.12h):
OKcoin futures above Coinbase market price.
Thank the Lord, leveraged gambling site temporarily priced over our favourite high volume, regulated exchange used by all of Wall Street <cough>
Everything's gonna be alright
Please don't get me started on Coinbase being
regulated *cough* scammers
More volume on this side of the fence too...
If you want to suck Wall Streets dicks you should open a E*Trade account... I give 0 shits about all that until I can deposit my BTC into my E*trade account.WTF are you talking about?
792.
Post 11196563 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.12h):
Quite a huge amount of bids at $225, I guess some people are eager to grab some coins and hope for a dump into their wall. Why isn't the price crashing already? I really would have expected it to go down massively after returning to these levels...
To me it seems like the price action of BTC is slowing down. Sideways ... yawn ... pop up or down $10 ... grind a bit up or down, rinse, repeat. We have spent a lot of time in this price area ($210 -$270), and it seems to take more time to break in either direction after working through the resistance or support levels with this range.
Once we get out of this congestion, either way, then I would expect bigger moves, but not before.
EDIT: I think the market is deciding at the moment if we will test the next lower level at $210 or not. Bears trying to grind the bulls down ...
793.
Post 11215370 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.13h):
Perhaps the reason BTC-e is holding up for now is that traders are taking their $4 profit on selling the spike ...
794.
Post 11216046 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.13h):
russian bitcoin ban hammer getting closer.
just look how fast profits are leaving btc-e.
soon™.
They are desperate to get out, must have some inside knowledge.
The withdrawn coins will probably be distributed and slightly increase asks / seller pressure on other exchanges.
As dangerous as this may sound - another exchange possibly going down - this still sounds like one of the more reasonable explanations, actually. Crazy price action was also one of Gox's symptoms before closing for good. Hell, even back in October/November 2013 the price on Gox was almost $100 higher than on Stamp, et al.
Yeh, crazy action, other exchanges not following ... something ain't right
795.
Post 11231870 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.13h):
<coinbase in UK, bank stuff>
The CEO explained his company has a banking partner in the EU region (although declined to name it), which agreed to support GBP payments
Now why would he decline to name the partner and say they were in the EU region, not UK? Hmmm ...
The language suggests to me that it is as you say, yet another work-around.
796.
Post 11236363 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.13h):
Waiting for priceaction was never easier (more predictable).
You would think, but then something like the btc-e shenanigans throws it.
The btce shenanigans confirm it. Somebody wanted to buy big time, and for whatever reason chose that exchange to do so. This happens when the crowd gradually comes to realize that the bottom may be in and that demand will prevent further downside potential.
Personally I don't think that is what is was about. I think someone wanted to break the major downtrend line in a major way and spend as little as possible doing it, and hoped that others would do the heavy lifting on the other exchanges. Busting the price up in any significant way would have taken much more money on any other exchange. Just my take ...
Alternatively it may have been a whale 'probing' to see how the market would react to such event - information gathering for their next 'play'
797.
Post 11236740 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.13h):
Personally I don't think that is what is was about. I think someone wanted to break the major downtrend line in a major way and spend as little as possible doing it, and hoped that others would do the heavy lifting on the other exchanges. Busting the price up in any significant way would have taken much more money on any other exchange. Just my take ...
Alternatively it may have been a whale 'probing' to see how the market would react to such event - information gathering for their next 'play'
That could be part of it. It could have been a large whale on btce who sold a long time ago, didn't want the hassle of moving his fiat to another exchange and decided this price was a low-risk entry point. We don't really know: Maybe he became impatient for any number of reasons. We do know that he hasn't sold it back yet evidenced by the price on btce, which is now higher than other exchanges.
Traders who swing big enough bats to move the market don't necessarily plan for specific things to happen like short squeezes, they are simply a byproduct of their buying and selling to better their position. I disagree with that last part - I think they absolutely take these things into account and actively seek to use them to their advantage. Big players definitely 'probe' markets - think 'test pumps' in altcoin P&D's. And it is certainly not something confined to crypto.
Part of the reason BTC-e is still higher than other exchanges IMO is that traders were sending coins there from other exchanges to sell into the spike (I think we know this bit). They now have fiat on BTC-e, with a nice profit. Volume has been low, so there has not been much opportunity to cover. Not many people want to leave much fiat on BTC-e so the price is a little higher for now.
Clearly, even if this is what it was, I have no idea how it will end, I am just calling 'shenanigans' !!
798.
Post 11241514 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.13h):
It has begun!
Big pumps are showing up more and more frequently.
I guess next bubble will not take weeks but rather days.
Glad I took some of them cheap coins last week
Don't be to euphoric. These are just test pumps.
Lol! Sure look pretty real now
799.
Post 11312586 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.14h):
30K dump moves price down ~$5?? Now I see shorts are up to 30K on BFX. Bears be runnin out of coinz to dump. At this point all they are doing is providing support when/if they cover. I don't know if All week hands have been shaken out, but certainly more have been than yesterday. Bear market running out of steam.
I don't know if everyone noticed but the buy support was there before the dump yesterday. Now it is stronger now than I can remember in a long time. If it is real it could be a fun couple of days.
What is unclear to me about the BFX situation this ...
There was never really a high volume dump, it was an error on BFX's side that caused the volume spike . They appear to have rolled back trades caused by their errors (redditors saying their account balances back to normal), but shorts have climbed. Does this imply that some people were trading at this time and opened new shorts *thinking* the dump was real ?? And that these trades stand?? If the shorting stats are up over the period, then I think the answer is "yes"
That would be a bit painful and might help explain the healthy bidside too
I'd also be pretty pissed at BFX if they spoofed me into a short last night
800.
Post 11312718 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.14h):
<BFX stuff>
If not directly affected by the error, I expect the trades will stand.
Agree with everything you said.
As confidence does not seem to have been dented particularly, that would imply we got some momentum traders bear trapped on a 'glitch' right now
801.
Post 11312963 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.14h):
That would be a bit painful and might help explain the healthy bidside too
I'd also be pretty pissed at BFX if they spoofed me into a short last night
Shorting at this point it time seems excessively risky, like picking up nickles in front of a train. BFX is very influential and may even lead this market, but it doesn't control it. They had a glitch related to an UPGRADE. They are upgrading.
I think you are missing my point. Yes, glitch was related to an upgrade - shit happens. Other shit that happened is that a bunch of people almost certainly DID short the move on several markets, who likely would not have traded if the event did not occur. They are currently 'out of position' right now with shorts they don't really want, and are likely to add to the buying pressure in the next couple of days
802.
Post 11313602 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.14h):
i don't think they quite realize they are "out of position" just yet, bitfinex has seen >1k more in shorts come in since i woke up, a few hours ago.
now at 30,995.46 BTC
its looking good,pretty sure the next 24 hours are critical
Agreed. But it looks very much like an 'accidental' bear-trap now though
803.
Post 11333808 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.14h):
People are idiots. That's the only thing holding us back.
I stopped after that ... nothing more needed to be said or read. We'd be exploring other universes by now if the whole damn world wasn't full of idiots. Mind you, if we did explore them we'd probably just find more idiots and wonder why we bothered
804.
Post 11338640 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.14h):
Turn it up!
I think somebody in China misheard you
805.
Post 11346292 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.14h):
This is driving me insane. Why is every moon launch of the last few days being postponed...?
Faulty solenoid I reckon
806.
Post 11346367 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.14h):
This is driving me insane. Why is every moon launch of the last few days being postponed...?
Faulty solenoid I reckon
I've got the slight feeling we're being held down artificially by someone or some entity. I usually don't buy into these theories, but this is felling kinda weird the last days.
Aliens ?
They don't approve of the flight path?
807.
Post 11346421 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.14h):
This is driving me insane. Why is every moon launch of the last few days being postponed...?
Faulty solenoid I reckon
Now there's a scouser on the forum I imagine the starter motor has long since been stolen.
And the rest of it is up on bricks now !
808.
Post 11357642 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.14h):
New page for charts and NAV of GBTC courtesy of TradeBlock
https://tradeblock.com/markets/igsc/xbt-usd/1h/
809.
Post 11365299 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.15h):
Has anyone stopped to consider that the dollar index is down for two months in a row? What this means is that bitcoin is already in a clear bull market (significantly above the 200 day moving average) in almost every fiat currency other than the USD and currencies that are pegged to the dollar.
Just in case you are wondering why there has been no correction for weeks.
It is far to soon to correlate USD and bitcoin to any meaningful degree. Volume is so low globally we can clearly see individual traders footprints..
We don't know that. It could have already started. Correlation is only clear after the fact. What we do know is that, all things being equal, it should correlate at some point.
All things being equal, the price of BTC would drop in other currencies as the dollar weakened if BTC:USD remained constant, so I don't quite understand your comment on how their charts would look more bulish in a weakining dollar scenario (talking purely about effect of FX rates here, nothing else)
810.
Post 11365334 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.15h):
Has anyone stopped to consider that the dollar index is down for two months in a row? What this means is that bitcoin is already in a clear bull market (significantly above the 200 day moving average) in almost every fiat currency other than the USD and currencies that are pegged to the dollar.
Just in case you are wondering why there has been no correction for weeks.
It is far to soon to correlate USD and bitcoin to any meaningful degree. Volume is so low globally we can clearly see individual traders footprints..
We don't know that. It could have already started. Correlation is only clear after the fact. What we do know is that, all things being equal, it should correlate at some point.
All things being equal, the price of BTC would drop in other currencies as the dollar weakened if BTC:USD remained constant, so I don't quite understand your comment on how their charts would look more bulish in a weakining dollar scenario (talking purely about effect of FX rates here, nothing else)
The correlation is negative, obviously. Otherwise my argument makes no sense.
The comment makes no sense
Inverse correlation between $ and BTC price flatters the BTC:USD chart more than that of any other currency as the dollar weakens
811.
Post 11365492 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.15h):
Has anyone stopped to consider that the dollar index is down for two months in a row? What this means is that bitcoin is already in a clear bull market (significantly above the 200 day moving average) in almost every fiat currency other than the USD and currencies that are pegged to the dollar.
Just in case you are wondering why there has been no correction for weeks.
It is far to soon to correlate USD and bitcoin to any meaningful degree. Volume is so low globally we can clearly see individual traders footprints..
We don't know that. It could have already started. Correlation is only clear after the fact. What we do know is that, all things being equal, it should correlate at some point.
All things being equal, the price of BTC would drop in other currencies as the dollar weakened if BTC:USD remained constant, so I don't quite understand your comment on how their charts would look more bulish in a weakining dollar scenario (talking purely about effect of FX rates here, nothing else)
The correlation is negative, obviously. Otherwise my argument makes no sense.
The comment makes no sense
Inverse correlation between $ and BTC price flatters the BTC:USD chart more than that of any other currency as the dollar weakens
My assumption is that BTC:USD is NOT constant, quite the opposite. We're already in a BTC:Euro bull market, for example. I'm basically saying that the market has more upward momentum than the BTC:USD charts are showing. How much more is unknown.
Still not understanding your logic BJA . How can the BTC:EUR chart look more bullish than BTC:USD chart if USD is weakening against the Euro? Hint - it can't
This is my last reply on the topic. You can carry believing your false logic if you like, but I'm done trying to help you see the error in your thought process.
Nothing personal - it's just boring now ...
EDIT: That's not meant to come across as hostile
812.
Post 11365624 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.15h):
813.
Post 11365652 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.15h):
[ ... ] It may take the Wall Street idiots a while to figure that out.
They're no match for a fireman from the sticks, granted. Give them time.
Ad Hominem is a logical fallacy. Points for putting "match"' "sticks" and "fireman" in the same sentence.
Billy Joe, though even a cat may look at a king, it's in no position to judge.
"Ad hominem" doesn't apply here. Not attacking your character. It's only reasonable to assume that financial advice of a fireman from the sticks is less likely to be useful than that of those who were educated and work in finance.
Just like it's perfectly reasonable to take medical opinion of a physician over ...oh, let's say "fireman from the sticks."
He's pretty hot on the correlation between smoke and fire
814.
Post 11365742 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.15h):
<snip>
Why is the volume so low on GBTC tho?
That's the nature of the beast - extremely low liquidity pool ATM ...
815.
Post 11391337 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.15h):
Lol ... just seen that this one has a 2.5% annual fee!! Hahaha ! I already thought Barry was taking the piss with 2%, but it gets better!
816.
Post 11392248 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.15h):
Any ideas if this will give us a decent pump?
Given that this is backed by KnC, I would imagine that the demand will initially be met with their own mined coins. TBH this look to me simply like an alternative route for them to sell those coins, or rather fee-incurring paper proxies of them. Quite a smart move really, particularly for them
If there is genuine decent demand for the product going forward, clearly that would be bullish and would necessitate buying more coins on exchange.
But the news is already out there and should be more or less priced in so I am expecting very little impact from it, unless it is an overwhelming instant success or another damp squib.
TBH, I'm leaning towards the latter ...
817.
Post 11392403 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.15h):
I doubt KNC has enough coins if only small % of the money, which is used for hedging gets into. Also question is if KNC will offload their holdings at those prices.
What money you are referring to here ? <confused>
818.
Post 11392492 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.15h):
KnC has had between 5-15% of the network for the last two years, so they've earned a couple of hundred thousand coins. But they have a lot of investors who must be getting twitchy, so holding the coins forever probably isn't an option. If people trust them enough to actually buy these notes it's a brilliant way to sell some coins at a premium.
Thanks for the numbers. I knew they had a lot, but not this much. IIRC they have also stated previously that they are in this for FIAT profits, not BTC, so I suspect a lot of them have already been dumped too.
Yes, there is the trust issue with KnC - certainly a couple of dark clouds lurking there
So it seems they could plausibly meet a significant demand if they chose to, and create a 'closed-loop' business model where they sell on (at a profit) a paper proxy for what they mine, charge a management fee and take no risk on price. Sounds like the kind of business an investor would like, rather than one that is purely specualting on the price of BTC.
819.
Post 11392970 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.15h):
I doubt KNC has enough coins if only small % of the money, which is used for hedging gets into. Also question is if KNC will offload their holdings at those prices.
What money you are referring to here ? <confused>
Investors in stocks, etfs... are used to hedge? They want to have wide portfolio and shares from XBT Provider can get part of this. Not saying there will be rush into, just speculating
Oh ...
that money
Peronally I would have called it diversification rather than hedging but that's kinda splitting hairs
820.
Post 11395495 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.15h):
That's it, show's over folks ... you've had your $2.5 range for today and if you didn't get rich you're doin it wrong
821.
Post 11407152 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.15h):
Can anyone tell the page where the XBT TRacker One will be listed? A search for "XBT" on the
NASDAQ Nordic site does not turn up anything...
Was "May 18" a firm date, or just an "expected date"?
Firm
http://www.xbtprovider.com/lang_enShould show on this page I believe :
http://www.nasdaqomxnordic.com/etp/etn?market=SSEISIN SE0007126024
Market is open is right now I am told, but nothing on that page is updating yet, so perhaps it is not a live feed
Or maybe KnC have problems with delivery again
822.
Post 11407222 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.15h):
823.
Post 11407327 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.15h):
So first trade just happened, with a price of 9.69 !!!
181k volume ... the divisor is 200, so that would be about 900BTC I believe
824.
Post 11407396 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.15h):
825.
Post 11407445 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.15h):
<snip>
Breakfast not included though
Maybe lunch?
826.
Post 11407603 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.15h):
Oops ... sorry.
Glad we got that cleared up early tho
827.
Post 11407885 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.15h):
Idiot.
Thanks!
828.
Post 11407930 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.15h):
sorry ...
No problem
829.
Post 11408264 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.15h):
3000 bitcoin IOUs sold at Nasdaq Stockholm. I like the rate at which XBT Provider ABs offline wallet is sucking up coins from the market!
It's 300BTC, not 3000
(turnover is in SEK)
Still, not bad for first 3 hours
830.
Post 11408405 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.15h):
^^
I've got a feeling this could be going on all day!
Maybe we can get Chartbuddy to do the correcting ...
831.
Post 11408655 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.15h):
832.
Post 11422383 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.15h):
This is how markets work, everybody is after his personal gain. At least I'm honest, I don't ask bulls to buy while promising moon, on the contrary...
But it would certainly be in your best interests to do so. Since you're okay with everyone else losing as long as you gain, why not try to coerce them into your pocket? Would it not make more sense from a profiteer to perpetuate an environment that facilitates gains?
By openly telling people you're going to take their money if they put it in the system, you're effectively killing any possibility of growth. Without said growth a market can decline into death and then your cash cow is gone. Perhaps stemming your greed to the betterment of the system might enable you to reap rewards for eternity instead of a brief moment in time.
What nonsense.
Tzupy's gonna kill the market ... ok, right
Yeh, following that well trodden path whereby the WHALES that move the market publicly advertise their intentions in advance ...
If trading kills BTC then BTC was never strong enough to survive in the first place (I don't believe that will be the outcome FWIW). For now BTC is a almost entirely a speculators market as you well know and until it fully proves it's worth that is not going to change.
Not sure why this riles you so much, unless you are nervous ... there is certainly a lot of fear-mongering in your post at the very least. It reads as more manipulative than Tzupy's post for sure - he's gonna place a bet, and win or lose it, and he announced it in advance. Good luck to him. End of ...
I really can't see the difference in going long/short/leverage/no leverage - it's all a gamble at this stage. Investing in infrastructure/start-ups is also gambling, just of a different nature, different time-frame, but it's a more 'positive' contribution than HODLing by a long shot, which at the end of the day, is basically just sitting on your arse waiting for someone else to make you rich, and no better or worse than (actively) buying and selling on leverage.
KnC is in this just for fiat profits as you told us just the other day, but I have not seen you complaining about their latest venture. Oh wait, that's because it might attract some new buyers to push the price up ... with more speculative capital.
At the end of the day that is not what is gonna determine long-term success. UTILITY will be the arbiter of that.
833.
Post 11435344 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.15h):
Well what the hell is going to happen with the NY Bitlicense approval/regulation now then?
It was supposed to be very close to being granted & now Lawsky has decided to quit his post & try to get a piece of bitcoin action any way.
Any ideas on what is going to happen with the Bitlicense now anybody?
I'm slightly confused as to what happens next?
Due at the end of the month so they say. Considering how much noise he made about it, I assume he signed it off before setting off. There still seem to be plenty of gripes though. Dunno if they've been addressed.
More like 'hopefully by the end of May' is what I understood
If it is not done and dusted already (in which case why is it not announced?) I can't see how this can do anything but delay things.
Either that or it is really smelly and he has written the rule book and then walked away with a copy of it to charge for access
834.
Post 11439237 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.15h):
Plenty of places for Lawsky to pocket outrageous consultancy fees before he retires to various board positions with various financial firms advising them how to make a blockchain that is more fit for payments purposes than bitcoin, or for asset management, etc etc.
He's an attorney not a dev.
yes and the finance industry doesn't need advice on regulation and legal implications.
Coindesk article says he will not be advising any companise that are regulated by NYDFS, which sounds like any company that would be affected by the BitLicense ... hmmmm
Notably, a source told that publication that Lawsky has no intention of working with companies that the NYDFS regulates, a list which would likely include a number of US-based bitcoin startups serving New York.
Also says he is leaving at end of June, and they are still going with end of May target for Bitlicense
When reached for comment, a spokesperson for the NYDFS said that the agency still anticipates releasing the final version of the BitLicense before the end of May
Thats only 10 days away, so you'd have thought they would know if the target was more or less achievable by now
http://www.coindesk.com/lawsky-consult-digital-currency-nydfs/
835.
Post 11440823 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.15h):
Not impressed by the volume of Bitcoin Tracker One on Nasdaq Stockholm. Just 550 bitcoin traded so far today. But the price is going up.
More buys today though. If there are more buyers than sellers over time the issuer has to issue more notes. And if someone goes xbt-crazy over there it might be noticeable on exchanges.
So far I would say that is a success. Not exactly overwhelming, but my expectaions were not so high, so they have been met. As has been mentioned elsewhere, this is just another entry point into the system for when interest is higher. For now I suspect that most action is from existing Bitcoiners. Will be interesting to see how it evoves with time ...
836.
Post 11525775 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.16h):
SOONTM
Back to Earth ? We are already at the moon ?
BTC is coming home !!
837.
Post 11525820 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.16h):
You bastards....
You chose it !
I think it is your subconscious fear expressing itself through art
Just grab the duvet, all will be fine
838.
Post 11525878 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.16h):
You bastards....
You chose it !
I think it is your subconscious fear expressing itself through art
Just grab the duvet, all will be fine
We're going to the moon!!!
It's not going to crash!!!
I'm all pumped up and you guys are mocking me!!!
It's not fair!!!You are already on the moon - it's time to come home Fatman. We got futbol and beer here
839.
Post 11526001 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.16h):
I don't wanna...
No worries we will make it to $230's or almost today I'd bet.
Sweet...
Must kill you staring at that beer, knowing your face will explode if you try and drink it ...
Come and have a pint at the local
And that suit must STINK by now ...
840.
Post 11526907 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.16h):
Can anyone tell me what it is in this final release of BitLicense that has changed so dramatically from the version that was vociferously objected to a few weeks ago? According to that speech 'not much'.
Banks may feel more comforatble with dealing with 'bitlicensed' companies, but can BitCompanies live with the license?
Genuine question, not trolling
If nothing significant has actually changed I can't see how this is anything new or why the market should react at all
'Unamended BitLicense, previously published, finally finalised, RALLY !!!
'
841.
Post 11526980 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.16h):
Can anyone tell me what it is in this final release of BitLicense that has changed so dramatically from the version that was vociferously objected to a few weeks ago? According to that speech 'not much'.
BURN THE HERETIC.
I can't remember. I think people are just pleased that something's here, it's not outrageously offensive and people who were holding back can now look forward.
No doubt it's going to screw a few people but perhaps reassure more.
I can feel the flames from here !
Something was always gonna be here tho and we knew almost exactly what it was (tho we can't remember, but we remember there was something we were not happy with about it
), so what changes now ?
Aaaah, I get it, we pump the price a few $'s now while the real swingers work out what, if anything, has really changed. OK !
RALLY!! CCMF!! MOOOOOOOOOOOOOOOOOOON!!
Can I have a bucket of cold water now please ?
842.
Post 11527013 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.16h):
Mr. Buffett basically says to buy "low" when everyone has panic sold or is panic sellling (also called "blood in the streets") and to sell when everyone is buying (near end of a hype cycle).
Hmmm ... we moved $1 on BitLicense ... is this the top of the hype cycle or we need to wait another 50c ?
843.
Post 11527070 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.16h):
Mr. Buffett basically says to buy "low" when everyone has panic sold or is panic sellling (also called "blood in the streets") and to sell when everyone is buying (near end of a hype cycle).
Hmmm ... we moved $1 on BitLicense ... is this the top of the hype cycle or we need to wait another 50c ?
It peaked at 227, this is the panic selling phase and you should be buying like crazy at 226.6. Wait until the next peak at 227 to dump, but you'll have to be patient because it will probably take another week.
until the summer chinese panic happens.
Spwing woll price corrapse?
Time 4 DUCK !!!
844.
Post 11527152 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.16h):
i just think the chinese are prone to panic and therefore we might have another chinese panic happen.
I think many a Chinese trader has migrated to their stock market bubble. And no shortage of people still on their exchanges are white devils anyway. We shall see.
I don't think chinese could give a frying duck about bitricense
who care about the price on a fucking chinese exchange. we are talking about a silicon valley successor which is now opend for institutional investors (with all the vc money floating round atm). maybe we go down to 160, who cares. we have now a new field in the monopoly game, i'm gonna try to get my piece for sure.
So, you think these 'smart people' are now in a state of shock, awe, and surprise now we have BL ?? I mean, it mean it came right out of left-field yeh
I know I now sound like a troll, but I am just trying to get the point across that this was nothing more and nothing less than was expected. If anything people were lobbying heavily for something BETTER
845.
Post 11527199 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.16h):
i just think the chinese are prone to panic and therefore we might have another chinese panic happen.
I think many a Chinese trader has migrated to their stock market bubble. And no shortage of people still on their exchanges are white devils anyway. We shall see.
I don't think chinese could give a frying duck about bitricense
I sense panic in you phoenix, you're posting far more regularly than usual.
Are you scared, worried that the bear feast may be coming to an end?
Have you got a shit load of shorts that will send you under if we enter a significant rally?
Talk to me brother.
Nah, couple of glasses of wine have got my tongue wagging
. No panic. No shorts.
I don't generally post when there is fuck all going on, when there is, I give my honest opinion
EDIT: In this instance that is 'And... ??'
846.
Post 11527250 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.16h):
i just think the chinese are prone to panic and therefore we might have another chinese panic happen.
I think many a Chinese trader has migrated to their stock market bubble. And no shortage of people still on their exchanges are white devils anyway. We shall see.
I don't think chinese could give a frying duck about bitricense
who care about the price on a fucking chinese exchange. we are talking about a silicon valley successor which is now opend for institutional investors (with all the vc money floating round atm). maybe we go down to 160, who cares. we have now a new field in the monopoly game, i'm gonna try to get my piece for sure.
So, you think these 'smart people' are now in a state of shock, awe, and surprise now we have BL ?? I mean, it mean it came right out of left-field yeh
I know I now sound like a troll, but I am just trying to get the point across that this was nothing more and nothing less than was expected. If anything people were lobbying heavily for something BETTER
Hmmmm, plenty expected BTC to be $10 by now, and for no governments to entertain anything to do with BTC... that was only a few short years ago... and it does provide actual clarity, not hypothetical guess work, but actual hard data to work from... in relation to BTC and crypto related businesses in NYcity home of Wall street, London will play catch up now (and try to stack the cards to their benefit, no doubt
)
Love them, or hate them, the regs from NYDFS are here, and it is not exactly a non event in the Bitcoin space...
It opens the way to what comes next....
......and there is plenty more to come.
Baby steps.
I don't disagree, but to me it seems a bit like celebrating the fact that we made it to Wednesday again
EDIT: I guess for some on this forum that would be cause for celebration, and for others in their bunkers/basements, disappointment
Is Thursday next ? Or we skip that this week ?
EDIT 2: My work is now done here, I have manipulated the price down below $225.8 and can close my 1000x leverage short from $226.7
847.
Post 11527373 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.16h):
...
I don't disagree, but to me it seems a bit like celebrating the fact that we made it to Wednesday again
EDIT: I guess for some on this forum that would be cause for celebration, and for others in their bunkers/basements, disappointment
Is Thursday next ? Or we skip that this week ?
EDIT 2: My work is now done here, I have manipulated the price down below $225.8 and can close my 1000x leverage short from $226.7
Well, people celebrate birthdays, and those come like clockwork too.
We need something to celebrate, ever since the bubble burst, it's been too depressing...
Altzheimers can be a wonderful thing ... my birthday gets me every year
(no offense meant to anyone)
free market ... free all of people (that they aren't on this forum).
There is NO freedom from this forum ... its a one way trip!!
848.
Post 11527425 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.16h):
Altzheimers can be a wonderful thing ... my birthday gets me every year
(no offense meant to anyone)
The happy alzehimers of movies does not really exist; most people become aggressive, suicidal, incapable of doing anything, hate their families and caretakers, violent, etc.
Yeh, poor taste .. apologies
849.
Post 11528241 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.16h):
Never forget:
-snip-
Price was ~ 500$ that day!
So, what are you moderating nowadays?
You calorie intake ... no more than $200 per day ... for your own good
850.
Post 11528383 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.16h):
<snip>
You calorie intake ... no more than $200 per day ... for your own good
But then I would have to change my nick
Fatman199 ??
LoCalMan ??
C'mon, admit it, you starving to death on that desert moon
Or are the rumours true and it really is made of cheese ...
851.
Post 11528605 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.16h):
let me know when it's buy time. i have problems staying motivated to read the forum when i am not active. i been sitting on coins for over a year. trading is the only time i really can be motivated to be involved.
Well, it's nice to see you here again. I don't think there's much point in trading now before we get some big moves, so unless the price moves to below the low 210s or beyond the high 240s it's probably not much point in staring at the charts atm. For the last couple of weeks finex's volume has been hovering right above the 5k mark most of the time. Even bots can't be bothered. So, IMO just jump on the wagon when a direction is confirmed.
Spoken like a true lazy fat bastard
Just a wafer thin mint sir?
https://www.youtube.com/watch?v=HJZPzQESq_0
852.
Post 11528724 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.16h):
I would think they are releasing Gemini first in order to have a way to provide liquidity to the ETF. Please correct me if I'm way off (and not by just saying I'm way off).
853.
Post 11528877 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.16h):
I would think they are releasing Gemini first in order to have a way to provide liquidity to the ETF. Please correct me if I'm way off (and not by just saying I'm way off).
Poor wee thing. There's no way in hell the SEC would let the ETF run without an ironclad exchange.
I would've thought even the Winklevii themselves would've been cringing when they described the present set of exchanges they'd have to buy from.
'Well, there's this Bulgarian or Russian or Cyprus one. No one knows who runs it. You got this Slovenian one that's based out of a small box on a UK industrial estate. There's this Hong Kongy one that might using the code from an old site that raped its customers and claims to be in beta still. You've got Mt Gox which is the longest established... no, wait. Er, that's it.'
Don't worry, it's a Google test droid for their self-driving motorbikes
EDIT : It has an embedded miner chip that captures all the imapct energy and hooks it up to the network. That crash was worth .0024BTC. Woulda been double if there was an explosion
854.
Post 11529206 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.16h):
FWIW I'm seriously thinking to cut my loose at $200. I want to be ready for $1xx.
This rift in the core developer camp is really starting to eat at me. I honestly don't know on what side of the debate I fall. I like Gavin, but tell me we're not becoming Ripple. Someone please tell me that.
Wasn't there some talk about an 8MB compromise? For regular users there is no "side" to take. If a hard fork lasts for more than a few hours we are really going to see both double and single digits. But they can't be that stupid.
Yes there is a side to take. If BTC can be hard-forked, how can it be totally trusted as a Store of Value? Currency, in and out, sure, no problem. But if someone has the power to hard fork, we are back to centralisation again, which is the antithesis of BTC. Does not matter if it is put out there as 2 options for people to choose between. Fact remains, there is the power to change the parameters, push out a fork, and the value of your savings is dependent upon what the majority choose. Does not sound like the trustless currency that I thought BTC was.
855.
Post 11529343 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.16h):
Hey guys, I was wondering... how would a bitcoin miner perform at distilling alcohol from fermented fruits/vegetables?
Do you really need to ask ...
You gonna get top quality MOONSHINE !!
856.
Post 11533538 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.16h):
BFX offer side looking much thinner than it has done recently... rally time ??
857.
Post 11533563 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.16h):
BFX offer side looking much thinner than it has done recently... rally time ??
yup
You been eatin all the coins again ??
858.
Post 11534079 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.16h):
Hmmm ... that's a bit confident isn't it? Going to war in your pants ??
859.
Post 11534286 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.16h):
if satoshi was with us today we'd already be at a 20MB limit.
...looks like he was in charge when the 1MB limit was introduced.
he also said to up the limit as time went on and network grew...
Makes sense. I really think this is a storm in a teacup. People will be disappointed at how mundane and boring this will resolve itself.
lol for real, it's crazy how all up in arms people can get here about small things.
in the end 90% of the argument is purely for the fun of arguing, and the update will be accepted by all.
No it's not
860.
Post 11539999 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.16h):
WTF was that!! Some nice organic growth on BFX
Someone sure wanted some coins in a hurry ...
Anyone know if it was shorts closing or new longs?
EDIT .. looks like about 1k of shorts closing, rest was buying
861.
Post 11540041 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.16h):
That's from yesterday. Think I read something about it the day before also
A good development nonetheless.
862.
Post 11540265 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.16h):
I don't know who bought those overpriced coins, but they are dumping so hard on bitstamp that its UI is going bananas. 2 frames per second.
LOL. That makes zero sense. BFX goes to $229, Stamp to $219
WTF ??
He knows what he is doing
863.
Post 11541007 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.16h):
Wow... Bitstamp dropping to 219 and Bitfinex going to 224....
I'm kinda wondering how much lower it can go also... it did drop below 200 this year...but why would this happen again?
It could happen and the poll above indicates that many people in here believe that it "will crash below 220" - we'll see if it goes lower.
Historically these polls have been a great contr-indicator IMO. Cos we're great!
864.
Post 11541048 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.16h):
Millennials don't make money yet.
Good point, but they are now clearly asking for their pocket money in BTC as it is easier to buy drugs with
Good parents would just share their drugs ... cut out the middleman
865.
Post 11542166 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.17h):
Launching an exchange is the easy part. After launch, getting volume and network effect is the hard part. Look at itBit for example. After their New york trust license, nothing significant happened. I don't expect any different for Gemini.
Yeh, I'm not really seeing why there should be any significant price impact. We are just getting more fragmentation of volume across exchanges, which I am not sure is great for anyone except bots and arbers. Sure, no central point of failure, like Gox, but volume is going to need to pick up make all these ventures profitable.
Some will say it is one step closer to COIN - that may or may not be true. I have no idea if the SEC is looking at the two as a package.
866.
Post 11542375 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.17h):
Yeh, I'm not really seeing why there should be any significant price impact. We are just getting more fragmentation of volume across exchanges, which I am not sure is great for anyone except bots and arbers. Sure, no central point of failure, like Gox, but volume is going to need to pick up make all these ventures profitable.
Some will say it is one step closer to COIN - that may or may not be true. I have no idea if the SEC is looking at the two as a package.
I'm just speculating, but the Winklevoss are going to need to submit another S-1A without mtgox, btc-e and other foreign exchanges listed in it. Once itBit, Gemini, Coinsetter, Coinbase Exchange, and other US exchanges are the main ones with enough volume, they need to submit another S-1A and the SEC might approve it. I think that is one of the main things holding it up. I am expecting the ETF to go live maybe by summer of next year.
That is an interesting angle. I am certainly wondering which exchanges will still be with us in 12 months time and how much 'territory' these new 'regulated' exchanges can grab.
Summer of next year, wow, that's a lot longer than many are hoping for
867.
Post 11543511 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.17h):
Pathetic. The Bitcoin community is only ripping itself apart. Sometimes you have to do what is best for the community, but some people are only interested in doing what's best for themselves.
A bit harsh.
The only real barrier in there is that they don't want to switch to Bitcoin XT, they wan't to remain with the core Bitcoin software that is tried and tested (not saying XT is buggy - I have no idea)
Gavin has already acknowledged that 20Mb was a calculation error, and is going for 8Mb (as his first card in the negotiations).
They also acknowledge the need to raise it, and saying that there should be a hard upper limit at any one time is eminently sensible. Of course there will be, tho it will likely need to be adjusted over time, which is also being proposed i believe
All part of the 'compromise' process that is in progress IMO. Isn't that better than forced changes made by one entity/person?
As many have already suggested, a compromise with a smaller block size of four megabytes sounds quite reasonable
Hardly sounds like they are being totally un-cooperative to me. Would not surprise me if 'half of what I said' is what Gavin is gunning for anyway. You don't open a negotiation with your final offer.
EDITED for a couple innaccuracies after re-reading the article
868.
Post 11543598 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.17h):
Apparently 20MB was an error in his initial 'back-of-the-envelope- calculations. When corrected, the new number is 8MB. Really does not seem like agreement is that far away
And consulting and compromising with miners was always going to be part of the process.
“We believe in a gradual increase of the block size limit along with a hard upper limit to prevent misuse,“
Does not sound unreasonable to me
EDIT: I Bet 4MB in the core with a schedule of further increases as necessary (based on block fullness rather than time) is what we end up with. Gavin would be a fool to force a fork if there is a concensus to meet in the middle. I think he just made that threat to make damn sure that people start taking it seriously NOW in order to give enough lead time. Fair enough.
869.
Post 11543696 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.17h):
blockchain size is a minor technical issue. cap will be increased when needed (needed means when we reach consensus that it needs to be done). all the drama is only the human componet, same old pathetic hairless ape shit.
Lol
870.
Post 11543803 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.17h):
Interesting article here about how the 'real' speed of the network is actually on 2.8TPS due to increased complexity of transactions due to mixing if I understand it correctly
the average bitcoin transaction data size has grown to roughly 600 bytes. This is largely a result of increasingly complex transactions, often using multiple inputs and outputs. Consequently, that means the bitcoin network can actually handle a sustained rate of roughly 2.8 TPS or roughly 240K per day – far less than commonly assumed
https://tradeblock.com/blog/bitcoin-network-capacity-analysis-part-2-macro-transaction-trendsBlocksize increase anyone ?
871.
Post 11543843 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.17h):
Not true ... the 1MB limit is already reached several times every day.
https://tradeblock.com/blog/bitcoin-network-capacity-analysis-part-1-macro-block-trendsthe maximum block size was reached an average of more than four times per day so far in 2015, meaning at least some otherwise-acceptable transactions are seeing delayed confirmations due to capacity issues on the network 3% of the time since the beginning of the year
The charts thrown around show
average block size, which, yes, is currently below the 1MB limit
872.
Post 11544097 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.17h):
Chillax, Adam! This is your "throw-monkey-poo-on-the-wall-and-see-if-it-sticks" thread, not the Bitcoin Brain Trust. We really want too help you, but we're kind of stupid. And most of us aren't even devs.
Monkeys
]https://www.youtube.com/watch?v=1KaWPYOLuT8]Devs
https://www.youtube.com/watch?v=P-hUV9yhqgY
873.
Post 11544167 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.17h):
Chillax, Adam! This is your "throw-monkey-poo-on-the-wall-and-see-if-it-sticks" thread, not the Bitcoin Brain Trust. We really want too help you, but we're kind of stupid. And most of us aren't even devs.
https://www.youtube.com/watch?v=1KaWPYOLuT8That reminds me...see you in 15.
lol ... gonna test that bionic arm again
874.
Post 11548378 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.17h):
possible trend reversal this weekend?
Upward?
It hasn't gone down or up... It's stalemate.
The fork talk isn't over but that isn't happening any time soon.
Price has gotta go somewhere. What reason for it to go down after this brief recess?
I just sold so I assume that means it will go up now.
Considering that both the fork and the halving will happen in the next year, It will go nowhere but down/sideways in 2015-2016. And although the current development discussions/actions are very important and productive for bitcoin while at the same time entertaining for the already established community, the uncertainties that they bring are keeping away the serious investors/big businesses and prevent or slow down the adoption rate considerably.
I for one, thank my, err, YourMother, for some thoughtful and candid remarks lately.
Yeh, 'she' is talking some sense at the moment. If only she could keep her goddam children under control
And ,err, stop breeding too ...
875.
Post 11568938 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.17h):
A user here quoted a dounet image which was posted by the winks on their insta account.
The plate had 4 delicious donuts
and the user said that the donut equals to zero and this means that zero day is on Friday.
It is national Doughnut day (in the US of A)
http://en.wikipedia.org/wiki/National_Doughnut_DayI know, the user said it have something to do with the launch of Gemini.
friday, the day the image was posted, was national donut day, not this coming friday ...
So ... a plate of donuts posted on national donut day ... hmmm ... what could tha mean? Happy National Donut Day maybe ?? Occam's Razor anyone ??
But no, it must be a code ... you add the rocket pic as a 1 and the 4 donuts and its a sign that price will be at $10,000 last friday. That must be it
876.
Post 11569036 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.17h):
<snip>
Is there some way to confirm that insta account.was started by the winks?
I don't use insta but it looks very barren and I wonder how easily someone could fake it.
This might help
https://twitter.com/GeminiDotCom/status/606468452644229120
877.
Post 11569156 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.17h):
I followed the twitter link that phoenix1 posted and the insta account is definitely the winks. I thought they would have done a better job of it though. I expect people to post rocket pictures here but I thought they would be above that on their insta account.
If you really want to dig deeper, you will see that the rocket pic on the instagram account was originally tweeted
to Tyler Winkelvoss on 3rd june (by a history columnist at the NY Times) prior to being posted on the gemini site
https://twitter.com/tylerwinklevossSo though I don't rule out an announcement of some sort on thursday, I does not seem like the image was part of an elaborate marketing plan - just a celebration of 50 yrs since the launch of Gemini 4, posted on that day, a bit like the donut pics on Donut Day
Tho I am sure they are familiar with the rocket pics here
And yeh, rockets are cool !!
878.
Post 11583544 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.17h):
DanV update:
<snip>
Thx,
I understand that he is a respected analyst, but didn't his last chart put us in the low 100s by now?
Late June - August was his timeframe for that count
Still, we are not making much progress towards it!
879.
Post 11583654 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.17h):
Are these predictions that sensitive? You could say it overshot a bit and the top is $229, which it seems to be hovering around atm.
Some of them are. In this one, he was suggesting it could be a leading diagonal - in which case it has to remain within the bounds of a diagonal channel. It was very close to the top of said diagaonal when he made the forecast, hence why he was unsure and why invalidation can happen within a few $'s
Also I did not see anytinhg said about a sharp drop - the arrow is intended to show direction, not exact path or timing
FWIW, it looks pretty much invalidated to me now, but I am no expert.
880.
Post 11583734 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.17h):
@Fatman
Can you read the bit that says 'Back end of June to August' ?
At the bottom of the red arrow ? That is his target zone ... price and time
I know you want to slice him up, but not reading what he has posted is not the way to do it
881.
Post 11583869 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.17h):
@Fatman
Can you read the bit that says 'Back end of June to August' ?
At the bottom of the red arrow ? That is his target zone ... price and time
(X)I know you want to slice him up, but not reading what he has posted is not the way to do it
Nope, I don't think I'm looking at the same stuff as you do.
Edit: Ok, I'm there,sry
Edit 2: Regarding X. No, I want him to start posting choo choo trains!
LOL!! I see, you want him to post bullish counts and be right ! Fair Enough !
Unfortunately, even if we go above $250 (which would invalidate that particular chart but not his overall EW count), I'm afraid he won't be doing that yet. Sorry, he's going to have to remain in your 'unfavoured analysts list' a while longer
882.
Post 11584160 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.17h):
Consistently! I wanna buy a boat too!
HONK! HONK!FTFY
Go for it!! Today !!
Remember, give a man a fish and he will eat for a day. Teach him how to fish, and he will sit in a boat and drink beer all day.
883.
Post 11584531 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.17h):
OUCH! That was painful to watch ...
884.
Post 11589665 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.17h):
It's actually a sneak preview of the Winkles talk tonight, without the hand movements
But seriously, what do we think the market reaction will be to them announcing the launch of Gemini tonight? Surely that must be almost certain after posting that picture of the baby in the promo cap ... handing out caps, pens and keyfobs is not gonna be enough now. I was unsure if it would be annonced tonight, but now it feels more like they will look a bit daft if they don't ...
TBH I had expected to wake up and see the price a bit higher after that pic
885.
Post 11589714 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.17h):
The Winklevoss twins came on stage with four doughnuts.
Six doughnuts in total then?
Badum tish.
Hey, best you use the term 'donut' or you will confuse the Americans amongst us
886.
Post 11589786 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.17h):
The Winklevoss twins came on stage with four doughnuts.
Six doughnuts in total then?
Badum tish.
Hey, best you use the term 'donut' or you will confuse the Americans amongst us
Thats just nuts dough
That's enuf of yout half-baked gags. Shut your cake-hole
887.
Post 11589810 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.17h):
I had a mate who was a baker.. he made "Donuts" mainly....
He quit in the end, said he was tired of the hole thing.
Let me guess, he's scone crazy now ? Shacked up with some old tart ?
888.
Post 11589839 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.17h):
Let me guess, he's scone crazy now ?
yeah think he kneaded a break
What's he doing now? Just loafing around?
889.
Post 11589907 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.17h):
What's he doing now? Just loafing around?
Think he got a job working for "21" ..... I believe they needed a toast expert.
He's gotta make his bread and butter somehow.
Aaaand, we're back on topic, nice one
Will be interesting to see the size of 21's flan-base
890.
Post 11590394 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.17h):
We were discussing the winks talk before getting sidetracked by flans. Did they have anything interesting to say last night or was it all hand gestures and bumbling?
Rye so serious?
The talk is tonight
891.
Post 11590438 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.17h):
We were discussing the winks talk before getting sidetracked by flans. Did they have anything interesting to say last night or was it all hand gestures and bumbling?
Rye so serious?
The talk is tonight
Will they talk about anything else beside Gemini ?
They have other buns in the oven, so maybe ... I donut know
@gentlemand
892.
Post 11593636 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.17h):
What concerns me about dark pools is that someone at the exchange has access to the hidden orders and nothing can stop them from using that information on other exchanges.
It's like they are trying to make the mistakes of Gox again. Intransparency is a step backwards.
Not sure how this is any different from hidden orders on BFX and Iceberg orders on OKC TBH, unless they never actually hit the tape
There will always be this type of order on exchanges - whales will demand it, and with good reason. Else they are just gonna get front-run all the time.
The issue of whether exchanges use this info for their own advantage, well, I think we know the answer to that ... 'yes, to the degree that they think they can get away with it', same as banks do with institutional players.
So it comes down to a balance between how much info a big player wants to give an exchange rather than using their own software to connect to the exchange and manage the orders via the API, which has its own downside in a fast market.
IMO, it's naive to believe exchanges don't use the info they are privy to, no matter how much they protest that they don't. It's simply too valuable and they will be influenced simply by seeing it.
893.
Post 11593722 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.17h):
Not sure how this is any different from hidden orders on BFX and Iceberg orders on OKC TBH, unless they never actually hit the tape
I don't know how BFX handles hidden orders, but iceberg orders are visible in the order book - they are just strategically placed.
Neither do I exactly, but the name 'hidden' kind of gives it away!
894.
Post 11594425 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.17h):
He will probably put all that money into Bitcoin..
Lol !!
It would not surprise me at all if this is someone raising funds to cover losses they have haemorrhaged on bonds in the last weeks. There is blood in the streets ... 10 yr Bund yields from ~ zero to 1% in < 3 months ... ouch ...
http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/11666355/Bond-crash-across-the-world-as-deflation-trade-goes-horribly-wrong.htmlPaper losses over the last three months have reached $1.2 trillion
Might be one of the reasons we are seeing so little activity over here ATM - big players got bigger problems or opportunities on their hands
@ Spaceman_Spiff , yeh Keiser is an untrustworthy lowlife scumbag ( and that's on a good day
)
895.
Post 11594465 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.17h):
Max Keiser is a Pump-and-Dumping scammer. In my book he deserves zero respect, even if he gets it right once in a while (which he will of course loudly publicize, in order to build enough credit to initiate his next P&D).
He's a FOX-grade nutter living in London working for the propaganda machine of the russian government. Colourful, but wholly untrustworthy.
Is there somewhere we can go Max leverage short ?
896.
Post 11611361 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.17h):
Too soon ??
897.
Post 11611448 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.17h):
Too soon ??
I doubt the moon.
I like the healthy and slowly steady upwards moving.
Don't forget about the defination of the moon from the prespecative of each of us.
For me for example, moon is not here, it's in 2025.
TBH I was taking the piss ... after the 10k ask wall yesterday and now a small bump supported by big bids below, the whole thing feels artificail. Where it ends .. no idea .. but it feels like we are being toyed with
898.
Post 11611477 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.17h):
It also feels like they're not making a lot of money on this crap anymore.
Yeh, it feels like someone is just dicking about for lulz and peanuts ...
All good til a bigger fish comes along
899.
Post 11611518 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.17h):
<snip>
Kindly understans that we are an avergae Joe or normal bitcoin users and not decision makers or market movers.
For what we are witnessing now, we must have some sort of patience and stop rushing things out.
Believe me my friend and mark my words, tomorrow is better and our future is bright.
Enjoy the ride.
Do you also write self-help books
900.
Post 11611612 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.17h):
<snip>
Kindly understans that we are an avergae Joe or normal bitcoin users and not decision makers or market movers.
For what we are witnessing now, we must have some sort of patience and stop rushing things out.
Believe me my friend and mark my words, tomorrow is better and our future is bright.
Enjoy the ride.
Do you also write self-help books
To be honest, I was encourging myself before encorging you.
Bitcoin is getting me mad lately and you can see this from my posts.
I was taking with some respectful and open-minded people like Mr. David, gentlemand, Fatman, Amph and others.
All of them are optimistic and they surround me with postive energy really.
I like and enjoy being surrounded by them.
I always try to re-call to myself something to always be motivated.
No simple investor, CEO of a well-established compay, whatsoever will throw a single penny and he doesn't know where did he threw it.
Put yourself in their shoes and tell me what you think ?
Just think for a couple of a seconds that you are a billioner and you threw in a single check or whatever, 10$ million dollar to invet in any bitcoin-related project.
Makes sense, does't it ?
Hey, did not mean to offend
And I'm not mad either ... just commenting on what I see happening - slow boring market, one or 2 big players flashing their dicks and comparing size ... hoping for a little lick from a minnow or a two
Does not change the end game much - BTC is what it is and messing with the price now won't change that in the long run
And yeh, it makes total sense to me - we are warming up for a bubble in BTC-related IPO's in the not too distant future - thats how the big boys and the banks hope to make their money
EDIT: there is not much fancy marketing to be done on BTC itself that can be sold to Joe Public (too complex), hence the investment in companies not directly in BTC - then they can talk expected earnings etc ... the language that their target audience understands, and they can IPO companies that can be bought by funds
BTC itselt will go in through the side door, not the front
Meanwhile, price is not actually that relevant
901.
Post 11611652 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.17h):
As Fatman told me, we are in the transational phase right now and I agree with him.
Just wait tell we pass this phase, all the bitcoin-releated projects gets fully functioning and pionnering.
I agree
And in this transitional phase price can do pretty much whatever the fuck it wants , as long as it complies with the unspoken rules of whale-dick fights
Caveat: If it takes too long, whales will shoot their load on the next, more evolved, cryto-cum project, if it happens and they think they can get more licks for their bucks there
902.
Post 11611751 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.17h):
As Fatman told me, we are in the transational phase right now and I agree with him.
Just wait tell we pass this phase, all the bitcoin-releated projects gets fully functioning and pionnering.
I agree
And in this transitional phase price can do pretty much whatever the fuck it wants , as long as it complies with the unspoken rules of whale-dick fights
I agree as well
Lets just be optimistic.
I know the ride is extremely tough as we will not have a middle ground, either zero or hero.
As gentlemand told me, in 10 years, either people will call us idiots or heroes, but 99% we will be SUPERHEROS.
I still don't think you are getting me ... I am not pessimistic or frustrated by any of it. Sad as it may sound I am mostly just excited to watch all this unfold (tho the whale porn does not really do it for me
). Crypto, in one shape or form is a virtual inevtability in my mind, and its true potential is only just starting to be realised. I just hope that it does not get 'privatised' and the benefits reaped by the same small minority that currently milk the masses
903.
Post 11611760 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.17h):
Sounds like someone needs to rub one off.
Here, this should do the trick:
I don't even want to know what might or might not be going on here
2 flamingos and a sea-lion?
904.
Post 11614832 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.17h):
Nobody has any credibility in this thread. That's what makes it fun. There's no pressure.
I am so credible (in my own mind) I just shat myself.
I find that credible.
Pics or it didn't happen
905.
Post 11614868 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.17h):
Well chosen! Things could have gone south very quickly there !
906.
Post 11753644 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.19h):
Merkel just announced that the terms for their bailout end at midnight.
So the vote is worthless at this point.
This is what she actually said :
"This evening at exactly midnight central European time the programme expires. And I am not aware of any real indications of anything else," Ms Merkel at a news conference with Kosovo's prime minister today.
"Beyond this, it is clear that we will not close the channels of communication after midnight tonight ... that means the door remains open to talks but I cannot say any more than this," she said.
Asked whether she was aware of a last-minute offer Mr Juncker, Ms Merkel responded: "All I know is that the last offer from the Commission that I'm aware of is from Friday of last week."
Such doublespeak!
"I am not aware of any real indications of anything else" - just lol ... so something is being discussed then
The programme expires, but doors remain open to talks ...
Nice side-step on the Juncker question ... the last 'official' offer was Friday - well we already knew that. That was not the question!!
What a farce! At this point I would not put it past them to be just buying a few more hours for the banks to position themselves ...
EDIT: Apologies - this is what the Daily Telegraph said she said and may bear little or no resemblance to her actual words
907.
Post 11763260 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.19h):
BREAKING NEWS :
908.
Post 11763745 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.19h):
Problem is, the damage has already been done. You can't just 'undo' capital controls and expect hings to return to normal. Whatever the otcome of negotiations, capital controls will have to remain in place for the foreseeable future
909.
Post 11767893 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.19h):
PLEASE SNIP YOUR QUOTES ... WALLS OF REPEATED TEXT VERY ANNOYING
910.
Post 11767994 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.19h):
<snip> hint hint
declined.
911.
Post 11768046 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.19h):
<snip>
Don't you think if you PMed saying what you said, would be better ?
No, just stop doing it
Erm, perhaps I was exaggerating to get the message across, not same
912.
Post 11768063 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.19h):
Dude, there is something you must learn and know as you know your name and birthday.
I don't take f***ing orders, I do what I want when I want and in the style and way that suites me.
LOL ... I MUST learn the YOU don't take orders - see the irony in that !!
And it was a request ... note the 'please' ... not an order
Can we move on now ... PLEASE ??
913.
Post 11768103 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.19h):
Well, for your LOLing, I will not snip my quotes.
So, either you hit your head in the nearest wall, or ignore me, simple
Dick.
Ignored ...
914.
Post 11768124 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.19h):
915.
Post 11768342 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.19h):
Dude, there is something you must learn and know as you know your name and birthday.
I don't take f***ing orders, I do what I want when I want and in the style and way that suites me.
LOL ... I MUST learn the YOU don't take orders - see the irony in that !!
And it was i request ... note the 'please' ... not an order
Well, for your LOLing, I will not snip my quotes.
So, either you hit your head in the nearest wall, or ignore me, simple
Agreed..
Snipping quotes doesn't matter and it totally and unequivically up to the poster whether or NOT and to what extent to snip.
YES, IT'S TOTALLY UP TO THE POSTER IF HE GIVES A DAMN ABOUT OTHER READERS, I AGREE
WAHOO !!
916.
Post 11768420 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.19h):
He said then that the ban is on any transactions, including payments for hotel accommodation, flights, rental property and the payment of wages, as well as fixed prices in any other currency except the Indonesian rupiah. Breaking the law can be punished with imprisonment of up to a year or a fine of $15,000.
Declare fixing prices using other currency illegal, punishable by a fine of fixed price in other currency.
Brilliant!
Yeh, I lol'd hard at that part!! Classic !
917.
Post 11768501 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.19h):
He said then that the ban is on any transactions, including payments for hotel accommodation, flights, rental property and the payment of wages, as well as fixed prices in any other currency except the Indonesian rupiah. Breaking the law can be punished with imprisonment of up to a year or a fine of $15,000.
Declare fixing prices using other currency illegal, punishable by a fine of fixed price in other currency.
Brilliant!
I think they pay in local currency, and they converted the value to US dollar
And does they consider BTC as a foreigner currency?
Depends how many $ you pay the official
918.
Post 11832946 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.20h):
When did the hardfork occur? Things have been so slow in terms of transfers it's ridiculous.
Eh?
All this crap about slow bitcoin transfers is complete FUD. I made several large and small transfers this past week between multiple local wallets and web wallets, and they all were fully confirmed within 10 mins or less.
Agreed. I get the sense that it's being blown out of proportion by people looking to spread FUD about Bitcoin, the core devs, and what they are working on. Sure, there should be more room in blocks for free/low cost transactions, but it's not exactly an issue at the moment. Just because someone is paying a shit ton of XBT to spam the network (and not really getting anywhere with it..) doesn't mean we need to force a rushed hard fork!
Actually they are not paying a shit ton ... the spam is being sent with minimal fees, and as it is not being processed (because it can't because of block size) it is wiped from Mempool after 24hrs ... rinse, repeat ...
Only by processing the transactions will it cost the spammers anything.
This is my understanding of the situation anyway, from following Cypher's thread.
Without a doubt tho, IMO, it has something to do with the block size debate and is not an actual attack on BTC itself.
Somebody is trying to prove a point. At the moment they are proving that BTC can function fine with more tx's flowing thru the network, so bandwidth is not an argument
If you want a transaction processed, all you have to do is add at least the normal fee of .0001 and it should go thru fine.
https://tradeblock.com/blockchainFrom here you can see that there are 90k spam tx in Mempool backlog, and total fees of 4.5 BTC, giving an average fee of 0.00005. Given that genuine tx's will be being sent with minimum .0001, and many with more than that, the fees on the spam are tiny, hence the backlog should only affect anyone who wants a fee-free tx. Boo-hoo ...
Personally I think it's actually showing how robust the system is.
EDIT 2: I am not sure which the spammer is fighting for as he is proving that the nodes are not collapsing with the extra tx in the Mempool, the block size being the limiting factor in clearing it. Meanwhile a Fee-market is developing, whereby anyone paying a bit more is still guaranteed a fast transaction. If anything, its just proving how versatile and adaptable BTC is.
EDIT : Oops ... wrong link ... I will leave this one here tho as its a funny story !!
http://www.telegraph.co.uk/news/newsvideo/weirdnewsvideo/11728260/Naked-man-steals-police-car.html
919.
Post 11833265 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.20h):
hey everybody.. the economy is doing great this morning. we should expect a massive dump anytime now. the chinese stopped panicing over their stock market last night which means they should start dumping bitcoins ... this gives everyone a head start to dump their coins now so can buy back cheaper. i'm with you guys. i'm going to buy cheaper bitcoins with you all.. let the dumping start.
my wallet finished building databases! woot! .. u know what guys, i just realized something.. the economy is on the brink of disaster. the greeks have "a deal they cannot refuse" .. be our slave or go bankrupt . seems reasonable .
They are already bankrupt. Question is, will TPTB give them a palateble package of debt write-downs that allows them to recover within the Euro, without being asset-stripped, or will they have to exit and take the short-sharp-shock route of default in order to stand any chance of recovering from this mess ...
EU is desperate to hold the (probably doomed) Euro intact, so my guess is they get a deal. Even the IMF and US Treasury is saying any deal without a debt write-down will inevitably fail. Pressure is really on the Germans now. Greece drops out, defaults and thrives, they will soon be followed by other Southern European states. They get write-down and those states will be knocking on the door for the same in due course ...
Germany, as the main beneficiary of the of the Euro has some hard thinking to do. If Southern states ditch the Euro, bang goes a large part of their export market as the new currencies will inevitably be weaker, as will the political power of the Eurozone.
920.
Post 11833346 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.20h):
Right fellas. I head to Greece this weekend for 2 weeks and will give some updates in a dedicated thread here in the spec forum if people want it..
If you're not lying, then if I were you I would cancel my trip immediately. Expect complete public unrest and total chaos to breakout there in about 2 days. Think Arab Spring, riot-in-the-streets type chaos.
Nah ... Greeks love tourism. Greek islands are peaceful places. Sure, I would avoid large cities and public places (tho even that might be being too cautious), but I doubt there will be much other than gratitiude for tourists in the islands. They NEED that income and all small islands are like mafias ... crime breaks out that affects business, it will be nipped in the bud. Sure, I would expect a little more crime there if everyone is carrying cash, but the islands are one of their greatest assets and they know it.
Stand with the Greeks, take extra money and spend it all, they need it
I'm half expecting a massive street party once they are released from the tyranny of the EU, if that happens. Sure, lots of hard work ahead, but no more boot stamping on the face ...
macgsa, interested to hear your view ... btw, I am not implying that greek islanders are only friendly to tourists for the money
921.
Post 11833422 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.20h):
so the blockchain is basically not usable with normal fees currently?
The numbers suggest to me that it is - if average fee including all the spam (which will be the lowest of the bunch) is .00005, then .0001 should be fine. Maybe add a little more just to be sure if you are worried. Its probable that a few people are doing this and are getting priority.
922.
Post 11833505 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.20h):
<snip>
The Germany stands to lose the most because Greece owes it more than any other country or institution. By
sacking its finance minister allowing its finance minister to resign, and talking about new compromises Greece signaled it was ready to do a deal. Germany will probably compromise next by backtracking on its refusal to
write off restructure Greece's debts.
Agree. They will more than likely back down.
Thats the price you pay for wanting to be the biggest political power in a dysfunctional union that you benefit the most from ...
923.
Post 11833615 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.20h):
Stand with the Greeks, take extra money and spend it all, they need it
Stand with the Greeks, take extra
money BTC and spend it all, they need it
This is not a time for self-serving agendas. There are fuck all places to spend BTC in greece, so you really wont be doing them any favours. Right now they need hard currency in their hands
924.
Post 11833741 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.20h):
Taking a shit load of euros, don't worry Torque..
Nice one Inca
The fear is strong in this one ...
https://www.youtube.com/watch?v=xHa3D-musUw
925.
Post 11833964 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.20h):
Without enough fear or enough bad things happening, the Greeks will never consider another type of currency/asset to preserve their savings and wealth. This includes putting money into bitcoin.
https://www.youtube.com/watch?v=6tAbP49atdUSigh...
Lol ... I think I will stick to Yoda's wisdom vs 'roid rage' if you don't mind
By voting 'Oxi' the Greek people have already shown that they have the balls (ie. lack of fear) to stand up to the EU in the face of financial terrorism.
@hdbuck ... awesome link, thanks !
926.
Post 11834554 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.20h):
Nigel Farage and Donald Trump... I wonder why Bitcoin hasn't gone mainstream.
We got Roid Rage, Angry Bald Bloke with freaky eyes, and Frapman, to name just a few ... no contest
927.
Post 11835322 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.20h):
Greek islands are a place of Heaven that escaped on Earth. The current problem is that WE (the Greeks) cannot withdraw more than 60Eur per person, a day. That doesn't apply to a tourist coming to Greece. They have the ability to take infinite amounts. If you check the posts from tourists that are now on Greek islands, you see how the world is rolling here.
Personally, I don't anymore expect a Grexit. I don't expect a nice deal for us either, but I do expect a HEAVY debt reduction by the institutions. Similar to the one that occurred to Germany's debt in 1953 with the London treaty. Call me a fool, but that's what -I think- is the reason Greece has not already been on Drachma or something similar.
We look forward. We're strong and grateful that we live here. Money don't matter. People do...
<snip lovely pics>
YIAMAS!!!!!
Yeh, this is what I am expecting too, a tough deal, but one that that gives Greeks a chance ...
It will hopefully have a snowball effect in other countries that are currently being stomped on too
Thank you for adding the personal touch
YIAMAS!
@criptix ... yeh, I kinda thought Tsipras looked like that too, but regardless of his (hugely biased) recommendations, Farage spoke a lot of truth there
928.
Post 11835526 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.20h):
Regarding Greece story, don't you think that if Greece gets debt reduction all other countries in trouble wants it as well?
Yup, and eventually they will get it, instead of crippling 'austerity' and asset stripping.
Greece has struck a huge blow against financial tyranny here, and the aftershocks will be felt for years, whatever the outcome.
Shame of it is that the cost primarily will be borne by ordinary taxpayers rather than the banks that originally made loans *knowing* they could never be paid back. They have already taken their profits, with the CB's holding the majority of this debt now, having taken it at face value from the banks as collateral for fresh loans, or bought it outright in the marketplace through 'QE'.
The whole thing is a sham, and hopefully in time the true extent of it will come to light and people will understand what has really been going on for the last 5 years - a shift of toxic debt from big banks to the general public, most of which will eventually have to be written off.
929.
Post 11835771 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.20h):
Regarding Greece story, don't you think that if Greece gets debt reduction all other countries in trouble wants it as well?
Yup, and eventually they will get it, instead of crippling 'austerity' and asset stripping.
Greece has struck a huge blow against financial tyranny here, and the aftershocks will be felt for years, whatever the outcome.
Shame of it is that the cost primarily will be borne by ordinary taxpayers rather than the banks that originally made loans *knowing* they could never be paid back. They have already taken their profits, with the CB's holding the majority of this debt now, having taken it at face value from the banks as collateral for fresh loans, or bought it outright in the marketplace through 'QE'.
The whole thing is a sham, and hopefully in time the true extent of it will come to light and people will understand what has really been going on for the last 5 years - a shift of toxic debt from big banks to the general public, most of which will eventually have to be written off.
The mere fact that almost none of the "responsible" countries, who cry foul now, could be bothered with staying under the SGP budget deficit ceiling and the SGP debt level ceiling shows how unrealistic it was to expect voluntary compliance from countries who are infamously imaginative in their accounting.
Stupid greek 1990s and early 2000s politicians made a bet that they could outperform their loans in the long run. The German Frankish Dynamo made a bet that they could make a monetary union without a financial union. They both lost. So let's split the bill and work out how to fix the euro.
Yeh, and it starts with acknowledging that there is a bill to split (bipartisan responsibility) ... this process seems to be happening at the moment. Up until now the stance of creditors has been 'all the money and your prized assets' with a gun at your head - the model the IMF and World Bank has used for decades with remarkable success in Asia and South America. Nice to see it being defeated in Europe, and ironic that the IMF is now backing Greek debt relief.
In the long run I am not sure the Euro can be fixed. In think we end up with at least 2 currencies, one for the north (a stronger one, reflecting their competitive edge) and a naturally weaker one in the South, allowing them to compete, as a free floating currency would. All depends if you believe that a monetary union can be made to work in the absence of fiscal union, in diverse countries with strong nationalistic tendencies. Only time will tell, but so far it does not look good ...
And don't forget, it was the likes of Goldman Sachs who gladly helped those southern countries with their 'imaginative accounting' in order to get them into the Euro, and the ECB who turned a blind eye to it as they knew they had the most power and money to gain from more members.
930.
Post 11835956 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.20h):
Up until now the stance of creditors has been 'all the money and your prized assets' with a gun at your head - the model the IMF and World Bank has used for decades with remarkable success in Asia and South America. Nice to see it being defeated in Europe, and ironic that the IMF is now backing Greek debt relief.
When you put it like that it's actually quite sickening that a rich european country should be let off the hook while lots of south american and african countries have been struggling with insurmountable debt since the 60s and 70s. I still think sharing the burden is in everyone's best interest though, but ...
BAAAMMM!! And the light shines through! For me this is the most important lesson of all of this - for people to wake up and see that this has been going on globally for decades and is the scourge of American 'capitalism'. Hopefully having it on our own doorstep will help people to realise what it is and that it is simply unacceptable.
Yes, we will all have to share the burden to move through this and there are many worse affected countries than Greece that are still on the hook, or have been milked dry and left to rot. It is insidious and evil and has been done with intent.
Meanwhile the banksters retire to their islands with the loot ...
I missed out the other part of the policy, which is to 'support' (instate) a regime that will continue to impose the inevitable repression needed continue the cycle. The moment opposition arise it is crushed, physiclly or metaphorically, or a leader dies in an unexplained plane crash. This is not the stuff of conspiracy...it's real. This is a damn good read on the subject ...
http://www.amazon.co.uk/Confessions-Economic-Hit-Man-shocking/dp/0091909104I also recommend
http://www.amazon.co.uk/s/ref=nb_sb_ss_i_4_11?url=search-alias%3Dstripbooks&field-keywords=naomi+klein+shock+doctrine&sprefix=naomi+klein%2Cstripbooks%2C212She is a bit too 'pumped' but there is a real story in there
931.
Post 11836203 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.20h):
Holy Moly! Are you one of those americans who dare call yourself a socialist/social democrat or do you use that retard lingo like liberal or progressive and so on?
No, I'm English, and I reject all labels !! Ain't no box you can put me in
I am just not in favour of rape and pillage wherever it occurs ... call me old-fashioned if you like!
932.
Post 11836506 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.20h):
Holy Moly! Are you one of those americans who dare call yourself a socialist/social democrat or do you use that retard lingo like liberal or progressive and so on?
No, I'm English, and I reject all labels !! Ain't no box you can put me in
I am just not in favour of rape and pillage wherever it occurs ... call me old-fashioned if you like!
Damn, I was sure you were american.
Do I really talk that much sh*t ?
(no need to reply)
I've got an American friend I Skype with a lot - perhaps he is indoctrinating me into something with one of your labels ...
933.
Post 12012827 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.22h):
I kinda agree with you... When I started learning about Bitcoin I was also like: "Fuck this is going to take over the hole universe, here you have all my worthless FIAT money..."
But the more you understand the world around bitcoin, the more you should become disillusioned about bitcoin as a competitor to the traditional finance system. It is maybe better for a online payment system... But there is no REAL problem with the traditional Kredit-Card / PayPal /Skrill / SEPA system...
Sure Bitcoin is currently cheaper from a retailer point of view but someone has to pay the system in order to maintain it. I mean if you leave out the Blockreward subvention a TX would cost about 50$...
The only real feature I am still exiting about is the blockchain itself and the potential behind it. That's also the reason why I am looking forward for Etherum because it seems like a much further looking system with much more potential use behind it. I am not an Etherum fanboy neither I am a religious Bitcoin perma-Bull anymore...
Future will tell what was the right decision.. Bitcoins could have had a top we will never reach again the price is purely speculative driven, there is no real demand for bitcoin still..
All I can say be careful with your money... It may seems like it's 108% sure that Bitcoin will go to 100 Million Trillion $ somewhen if you follow this forum or even the reddit subred. But the blind people will in the end pay the bill....
Well said. Given the average intelligence of the posters on this forum, the likelihood that they will become 'the new welathy elite' seems both miniscule and scary at the same time. This forum ... 'the wealty elite' ... not sure I want to live in that world
Not saying BTC has no future, just that my gut says that the majority of people here are not 'early adopters' at all and will be taken to the cleaners somewhere along the way.
1 million BTC will be created b4 the halving ... seems like more than enough to satisfy current demand, and the over=leveraged longs, well they are potential sitting ducks to get wiped out b4 BTC 'moons' if it indeed does(Q1 next year seems like a good target for that if it happens - the wipe-out, not the moon ...)
Don't get me wrong. I hold some, but I have no FOMO at the current time and it will take a lot to change that.
After all, if you drink the kool-aid and belive in $50k+, why would you care about buying at $300 or $600 ? Twice as many coins, sure, but when its zero or moon that does not makea lot of difference to a rational person.
The cat is very much out of the bag with BTC and intelligent people now. Don't fool yourself into believing that there is some great secret in crypto anymore. The future will be interesting ...
EDIT: I see the typical bulltard response - 'get out now if you don't have the stomach' LMAO - keep slurping, there are none so blind as those who will not see. This is by no means a sure bet, but the proposed asymetric outcomes are the perfect bait for blind fools.
934.
Post 12012932 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.22h):
Sounds like some Hero accounts here are being sold or becoming weak hands. I don't know, and I don't care
LOL!! Is that the party-line now? No, my account is in the same hands it has always been in ...
I'm just not a bulltard, that's all. I see plenty of potential in crypto, I also believe that I see plenty of delusion and wishful thinking too
Only time will tell
This is a community of sharks and bait- if you have not realised that by now you are a fool (bait). Does not mean there is not a lot a money to be made in crypto, just make sure you don't get eaten along the way
935.
Post 12012964 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.22h):
Sounds like some Hero accounts here are being sold or becoming weak hands. I don't know, and I don't care
LOL!! Is that the party-line now? No, my account is in the same hands it has always been in ...
I'm just not a bulltard, that's all. I see plenty of potential in crypto, I also believe that I see plenty of delusion and wishful thinking too
Only time will tell
This is a community of sharks and bait- if you have not realised that by now you are a fool (bait). Does not mean there is not a lot a money to be made in crypto, just make sure you don't get eaten along the way
Ok, becoming weak hands it is
If that presumption makes you feel better, roll with it ... you are very clever, you will definitely win this game, remember that
936.
Post 12013006 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.22h):
If that presumption makes you feel better, roll with it ... you are very clever, you will definitely win this game, remember that
legendary members losing faith..
bullish
Thanks for the compliment - I'm only 'Hero' actually, nice to be called Legendary tho
Losing faith .. no. Open-minded, yes. Try it ... tunnel vision is a painful affliction. If you cannot see the corporations doing what they can to find ways to use private blockchains, and that there is a very valid use case for this then you are a blind fool.
BTC is very different and many more factors will determine the outcome of this particular game-winthin-a-game. And if you cannot see the conflicts of interst already rearing their heads within the BTC sphere then you are also blind. There are no guarantees and if you enter into it with anything but this perspective, then you, sir, are an idiot
EDIT: and there we go, rght on cue, Norway posting the 'IF' chart, the one that inspires dreams of wealth and fortune ... you could be a timeshare salesman Norway
BTW, where is the one for 'IF BTC goes to zero you lose everything', and where are the probabilities you asign to each outcome as any rational person ought to if using such charts as guidance? Without them, its just 'bait'
937.
Post 12013053 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.22h):
You'd be a silly sausage to bet your future on the basis of a mythical outcome. Similarly you'd be somewhat daffy to be fully aware of its potential implications and not have a scrap or two of skin in the game.
There are vested interests frothing away at both ends of the spectrum. Take what you wish from either but find your own balance that takes every scenario into account and stick to it.
Nice summary gentlemand
Sometimes less words say more
938.
Post 12013107 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.22h):
A bit Captain Obvious, isn't it? lol
Hmm. I often wonder...
Me too
After a certain amount of Kool-aid, for some, it seems there is no turning back ...
939.
Post 12013292 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.22h):
A bit Captain Obvious, isn't it? lol
Hmm. I often wonder...
Me too
After a certain amount of Kool-aid, for some, it seems there is no turning back ...
It's just so weired to me. Where have you been the last six months, phoenix1? Don't you read the news? Can't you see how big bucks are entering the scene? How finance are looking at bitcoin today? Today, I get bank CEOs to attend my bitcoin meetups. Do you really believe the odds for bitcoins failiure have increased the last months? (And please, watch the clip i posted from American Bankers Conference to get updated on the perimissioned / non permissioned ledgers debate in banking industry.)
I've been watching, Norway.
Don't you read the news? Have you not seen how long price and fundamentals can remain detached (at least 10 years and counting for the global economy)? Why do you believe BTC is so fundamentally different that the same detachment cannot occur for a prolonged period of time? Particualrly considering it is a nascent technology fighting to earn trust. It is yet to even prove that it can scale successfully without tearing itself apart.
No, I don't belive the odd's of BTC's failure have increased over the last 6 months. Neither do I see it's chances of becoming a 'reserve currency' having increased either (I see that as a real 'tail' event in any scenario). It's likely to become 'something'. At the moment I don't honestly know what that 'something' is.
Markets can remain detached from fundamentals much longer than investors can remain solvent and right now, I think we are still in the 'chasm' on that tech adoption chart, with investors desperately trying to find a way to get consumers interested and spending big bucks to do it.
Will they succeed? I don't know. Will blockchains become useful to private businesses - almost certainly. Does this mean that BTC will thrive as a mainstream payment mechanism - I have no idea. Will it take so long that it is superceded ... possibly.
So, no Norway, I am not living in a cave, I am just keeping an open mind and watching things develop without the 'I'm gonna be a millionaire' mantra in my head. I am more interested in seeing how things evolve than in monetary wealth.
Most people are still so dumb that they don't even realise what money is, how it is created, or how they are being robbed. It might take a generation for this sort of change to come about. ie, they die off and are replaced by (hopefully) more intelligent people.
I also believe that whilst there are governments BTC is totally vulnerable to government taxation/confiscation due to the cenralisation of devs and miners. If there is a bail in of depositors on their bank accounts it really is not hard to see how this could be applied equally to BTC if it is seen as 'worthwhile'. IMO best we are still flying under the radar on that day ... and yes, I believe that day is coming
I am not however gonna sit here and preach that anyone is gonna get rich buying BTC now or that it is going to change the world. Crypto is not going away, BTC - who knows. Place your bets ... on one hand it some sort of revolution, on the other it seems like a great way for govs to track everything we do. The latter is not a scenario I will support.
And having worked in the financial servies indusrty I KNOW that we are years away from incorportaing complex derivatives onto 'the blockchain'. Not only would it be technically extrememly difficult, but this is also where all the 'off balance sheet' transactions occur and it will be fought tooth and nail. Stock ownership using satoshis is trivial by comparison. Lets see how Nasdaq Private Market gets on first before drawing any conclusions about how deep 'this blockchain' can permeate.
940.
Post 12013392 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.22h):
<snip>
Would you mind just posting a link to the pages of the book you continually quote from?
It is painful to hear you repeatedly watch you spew this as gospel, when it is something you have just recently read in a book ( 'Reminisces of a Stock Operator' i believe)
At least give the author some credit.
Your assessment of where we are in the cycle may be absolutely correct, but these are not your thoughts that you are posting they are someone else's
941.
Post 12013539 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.22h):
<snip>
Would you mind just posting a link to the pages of the book you continually quote from?
It is painful to hear you repeatedly watch you spew this as gospel, when it is something you have just recently read in a book ( 'Reminisces of a Stock Operator' i believe)
At least give the author some credit.
Your assessment of where we are in the cycle may be absolutely correct, but these are not your thoughts that you are posting they are someone else's
These thoughts are from a collection of texts written by Charles Dow, Richard Wyckoff, Edwin LeFevre, Hank Pruden, Tom Williams and many others...
also they are from my own years of experience in trading and pattern recognition and analysis. Most good ideas originate from others, don't they? When I teach my students the structure of Mozart symphonies or perform in an opera I do not claim to have originated the idea of western musical analysis, chord structure or the principles of human vocal acoustics and production that originated hundreds of years ago, nor do I have to quote them and provide sources to validate the performance. That's ridiculous.
But yes, just for you, just because you woke up on the wrong side of the bed I'll be sure to send an annotated bibliography just as soon as possible.
LOL!!
But you present yourself as some kind of trading guru ... why not have a thread with your predictions if you are that good, rather than posting what read like chapters from a book ? I am not sure they have 'guru' status here, but it seems like that is what you are after, so go for it, on your own in your own 'guru thread'.
EDIT: Nice to see you humbly presenting yourself as a musical guru too now
UBER LOL :
I'm new to TA, but I find there needs to be at least 2 (or more) strong indicators to confirm a change. And some work better than others at different times.
I'm realizing that BTC is a very emotionally-driven market right now, and managing to control my own emotions while making predictions is difficult.
YEARS of experience ... hmmm ... I guess 2 is more than 1 ...
I wonder what you really teach your students about Mozart, cos it sounds like you are spewing BS now. And perhaps 'Opera' is just the church choir
Delusions of grandeur much ...EDIT : All of that, including my initial post was totally unnecesary
942.
Post 12013556 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.22h):
Seems to me that you think something else have a good chance of replacing bitcoin. But I would give bitcoin a 99% chance to succeed compared to alternatives. This is where your bitcoin hands are getting weak compared to mine.
And yessss! I will be a millionaire from tiny investments!!!!!!
Meh, you stil don't get me
Weak hands, strong hands, all relative terms used here to great psychological effect to shame people who sell and make people who hold (mostly those who are new and underwater) feel brave and good about themselves for not selling at higher prices. Sure, they exist, but the terms are used in the most manipulative way here to try and 'create' 'weak' hands and 'strong' hands to serve the interests of others - in reality all are weak when manipulated that way
If you get rich off a small investment in BTC, I will sure as hell be there with you tho
943.
Post 12174423 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.23h):
LOL! That article is from 6 months ago. Gavin has always been very clear that his major concern was the scalability of BTC, which remains to be proven.
As for divesting some of his BTC as he is not interested in being 'filthy rich' (his words) and still holds enough to be seriously wealthy, what exactly is the problem with this? Sensible move. Once you have made 'enough' do you seriously expect any sane person to leave it all on black or red? (I know there is not so much sanity in here, so I can understand why it is perceived differently ...)
944.
Post 12174533 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.23h):
LOL! That article is from 6 months ago. Gavin has always been very clear that his major concern was the scalability of BTC, which remains to be proven.
As for divesting some of his BTC as he is not interested in being 'filthy rich' (his owrds) and still holds enough to be seriously wealthy, what exactly is the problem with this? Sensible move. Once you have made 'enough' do you seriously expect any sane person to leave it all on black or red? (I know there is not so much sanity in here, so I can understand why it is perceived differently ...)
Talk about missing the point. Not sure why the age of the article matters.
He has a massive conflict of interest as chief scientist speaking to the media. He shouldn't be talking speculation end of.
Imagine if the ceo of an up and coming company was speaking to the media and said "I believe in this company and I'm putting my all into it, however I'm also selling stocks of my company and investing in others".
Sure, that's prudent. That's also what most big share holders would do but you just don't say that. As I said PR nightmare and a massive conflict of interest.
I find the honesty refreshing and don't see him selling some of his stash as a conflict of interest unless he is planning to buy them back lower.
Might not be what you want to hear from him, but that's your problem, not his. Put the pitchfork away
If BTC cannot survive on its own merits, it will not survive at all ... end of.
945.
Post 12174596 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.23h):
LOL! That article is from 6 months ago. Gavin has always been very clear that his major concern was the scalability of BTC, which remains to be proven.
As for divesting some of his BTC as he is not interested in being 'filthy rich' (his owrds) and still holds enough to be seriously wealthy, what exactly is the problem with this? Sensible move. Once you have made 'enough' do you seriously expect any sane person to leave it all on black or red? (I know there is not so much sanity in here, so I can understand why it is perceived differently ...)
Talk about missing the point. Not sure why the age of the article matters.
He has a massive conflict of interest as chief scientist speaking to the media. He shouldn't be talking speculation end of.
Imagine if the ceo of an up and coming company was speaking to the media and said "I believe in this company and I'm putting my all into it, however I'm also selling stocks of my company and investing in others".
Sure, that's prudent. That's also what most big share holders would do but you just don't say that. As I said PR nightmare and a massive conflict of interest.
I find the honesty refreshing and don't see him selling some of his stash as a conflict of interest
unless he is planning to buy them back lower.
How could you ever know this. Hence conflict of interest.What a ridiculous argument. Now he is a liar too as well as bad PR ... proof?
I'm outta here - this thread is turning into a witchhunt. Good luck !
I you feel like you won something, great, have fun with whatever it is ...
946.
Post 12174650 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.23h):
Good bye, you clearly don't get it.
No, I clearly don't care about your rant, that's all ...
947.
Post 12174704 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.23h):
Good bye, you clearly don't get it.
No, I clearly don't care about your rant, that's all ...
Aw diddums.
Clearly cared enough to respond.
Awww, you got me, have another peanut
948.
Post 12319985 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.25h):
So Bitstamp is now also faking volume?
What's your evidence? Is this pure FUD spreading disinformation?
lets fud the market like its 1999 ..
No idea if FUD or not (probably), but it is intersting to note that Stamp is doing more volume on this sideways move than BFX. I can think of 2 legitimate reasons
1) BFX did not go with BitLicense, Stamp did - perhaps that appeals to some, or is necessary if they are NY based
2) OKCoin not accepting US customers at the moment - perhaps some have moved to Stamp (possibly connected to the above)
Not ready to call foul at all yet, but I have noticed the change and am wondering why ...
EDIT: 3) Recent and ongoing problems with BFX trading engine is another good reason why some may have switched
949.
Post 12401662 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.26h):
The avalanche of troll bears makes me uncomfortable being a real bear, wtf is happening?
Seems like this is Chopsy's reply to not being allowed to post (porn) pics any more from new accounts ... spam the forum with dumb new threads. Very sad ...
Easy solution ... new members can neither post images nor start topics
Please implement this as soon as possible
950.
Post 12505817 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.26h):
Bitcoin is so stable that even the most stable fiat currency looks like crazy investment against BTC right now...It is so boring though...
227 was too close for bitfinex comfort, therefore they raised to 230. now we are all waiting.
Seems you are on to something there ... the moment $230 looked under threat, another 3-4kBTC were added to the book
BFX Plunge Protection Team ...
Didn't end well for BoE vs Soros ... lets see if BFX can do any better ...
951.
Post 12506081 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.26h):
Welcome back
Thanks
Did I miss anything ?
952.
Post 12506376 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.26h):
Welcome back
Thanks
Did I miss anything ?
Looks like 21 has put the toaster idea on hold. So no toast even
Toasters can still be useful if you have the vision ...
Just imagine it ... the Internet of Toasters ... sending out an SOS when you run out of paper. No more falling on your face with your trousers round your ankles, trying to find anything wipe-worthy. Toaster sends out an SOS, drone is there in minutes with more Andrex. Hopefully it can pick the lock on your front door ...
953.
Post 12523745 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.26h):
Vegas, baby!
Bitpay Collapsing... Mike Tyson Endorsed Overpriced Vending Machine, UP!
BULLISH, baby.
Tyson is about as marketable as OJ Simpson
At least he is not in prison at the moment, but sheeeet ... we scraping the bottom of the barrel here
Exactly WHO is this supposed to turn on to Bitcoin?
Desperate attempt by a broke has-been to try and get some cash ...
Someone please name me one product he has successfully endorsed this century
954.
Post 12537385 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.26h):
Bitfinex went from 4 times the volume of Bitstamp half a year ago via 1.5 times two months ago, to a half of Bitstamp's volume the past month and a quarter the past week. Is BFX dying?
There are a huge fud campain
Agree. Feel like as Tarmi said, someone is trying to create the illision of volume in this rise (while perhaps unloading elsewhere). BFX volume has been minimal. It hasn't really dropped, but as a percentage vs Stamp, has collapsed solely due to the action of the 49,98,147 bots, which are doing the majority of the volume on Stamp and account for most, if not all the increase vs BFX.
Its not just Stamp - OKC and Huobi seem to have put some more fuel in the volume bots (and thown in a few of those random 50k BTC trades for good measure!
All in all its really tough to know where to look to get any read on current volume trends.
Something fishy going on ... (well it's BTC, so nothing new there
)
If the activity on this forum is anything to go by, then I would guess the BFX numbers are most representative and the rest is an illusion.
955.
Post 12538913 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.26h):
Bitfinex went from 4 times the volume of Bitstamp half a year ago via 1.5 times two months ago, to a half of Bitstamp's volume the past month and a quarter the past week. Is BFX dying?
There are a huge fud campain
Agree. Feel like as Tarmi said, someone is trying to create the illision of volume in this rise (while perhaps unloading elsewhere). BFX volume has been minimal. It hasn't really dropped, but as a percentage vs Stamp, has collapsed solely due to the action of the 49,98,147 bots, which are doing the majority of the volume on Stamp and account for most, if not all the increase vs BFX.
Its not just Stamp - OKC and Huobi seem to have put some more fuel in the volume bots (and thown in a few of those random 50k BTC trades for good measure!
All in all its really tough to know where to look to get any read on current volume trends.
Something fishy going on ... (well it's BTC, so nothing new there
)
If the activity on this forum is anything to go by, then I would guess the BFX numbers are most representative and the rest is an illusion.
so the magic wall that pops up once in a while on bitfinex is representative?
Hmmm ... good point! But the this conversation was about 'exchange volumes', not 'walls' - that's a whole other devious story
956.
Post 12539958 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.26h):
Bitfinex went from 4 times the volume of Bitstamp half a year ago via 1.5 times two months ago, to a half of Bitstamp's volume the past month and a quarter the past week. Is BFX dying?
Bitfinex lost XBT Provider / KnCMiner as a client very recently. Might be related to them not applying for the BitLicense or a Trust charter since XBT Provider also stopped using OKCoin.
Given the volume of XBT I can't see how this would make a significant impact on the volumes of either exchange. It is very hard to see the increase in volume on Stamp as anything other than wash volume, and the recent ridiculous volume spikes on the Chines exchanges is definitely wash volume. Thousands of BTC trading with no move in price. It's clearly bullshit.
What it means, I don't know. But extra effort is IMO being put into inflating volumes across multiple exchanges at the moment.
I don't doubt that BFX may lose a few clients over the Bitlicense thing, but this is not an adequate explanation for the changes seen over the last month IMO.
957.
Post 12671022 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.27h):
seem to recall, several years ago, an announcement by some exchange that they were implementing "shadow" book orders, that are invisible to most ordinary clients. Perhaps they just started showing shadow-book trades on the ordinary ticker, to boost their public volume numbers...
That seems to be what's happening. But why would they want a lot of off book transactions? Don't they make money based on a percentage of the order cost? Why would they not want the price to rise as much as possible?
OKCoin and Huobi do not charge fees for trading, only for deposit and/or withdrawal, and interest on leveraged trading. As I recall, the shadow book was meant to cater for clients who wanted to trade on the exchange, but did not want their large orders to affect the price against them. (I may have misunderstood, and I don't know whether that makes sense.)
It's hard to see responses between all these ChartBuddys.
Thanks, I think they would be better for all if we could actually see the effects of the trades that are happening.
Right, so we are supposed to belive that while BFX volume has continued at an a consistent mostly anaemic pace for the last 2 months, OKC and Huobi have a bunch of 50k BTC orders that they suddenly decided to announce in their volume figures ...OK .... <sips Kool Aid> .... perfectly reasonable explanation.
Oh wait ...no announcement from an exchange that is being accused of faking numbers that they have a valid reason for suddenly higher numbers. OK ... <sips more> that makes perfect sense
If it walks like a duck and quacks like a duck ... most likely explanation is 'it's definitely not a duck'
Exchange volume is anaemic (excluding these wash trades) ... has been for months, and continues to be ...
Masterluc's 'Silent Phase' ...
Unfortunately this does not attract more 'hot' money, so numbers are being fudged ... Occam's Razor
958.
Post 12671060 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.27h):
seem to recall, several years ago, an announcement by some exchange that they were implementing "shadow" book orders, that are invisible to most ordinary clients. Perhaps they just started showing shadow-book trades on the ordinary ticker, to boost their public volume numbers...
That seems to be what's happening. But why would they want a lot of off book transactions? Don't they make money based on a percentage of the order cost? Why would they not want the price to rise as much as possible?
OKCoin and Huobi do not charge fees for trading, only for deposit and/or withdrawal, and interest on leveraged trading. As I recall, the shadow book was meant to cater for clients who wanted to trade on the exchange, but did not want their large orders to affect the price against them. (I may have misunderstood, and I don't know whether that makes sense.)
It's hard to see responses between all these ChartBuddys.
Thanks, I think they would be better for all if we could actually see the effects of the trades that are happening.
Right, so we are supposed to belive that while BFX volume has continued at an a consistent mostly anaemic pace for the last 2 months, OKC and Huobi have a bunch of 50k BTC orders that they suddenly decided to announce in their volume figures ...OK .... <sips Kool Aid> .... perfectly reasonable explanation.
Oh wait ...no announcement from an exchange that is being accused of faking numbers that they have a valid reason for suddenly higher numbers. OK ... <sips more> that makes perfect sense
If it walks like a duck and quacks like a duck ... most likely explanation is 'it's definitely not a duck'
it's clear enough by now that these exchanges are bucket shop status, especially BitFinex
I agree (Huobi, OKC, Stamp and BFX)
The irony is that BFX appears to be the only one publishing realistic, unfudged-looking, volume numbers now! Though who controls the bid walls there and if they are just to 'protect' solvency are another question ...
<dons conspiracy hat> Perhaps new, regulated US exchanges, with low volumes due to excessive KYC, are working to discredit other exchanges by abusing their zero-fee policies and making thier volumes look obviously ridiculous ...
A good-ol US-of-its-All-ours attempted land grab ...
<other conspircay hat> Someone is working very hard to make it look like there is real volume behind this mini rally to fool newbs, and paint the tape for historic purposes. This is the volume that will show on the charts for years to come ...
959.
Post 12713911 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.28h):
I read something about a vast
Russian MMM ponzi currently operating in South Africa buying up Bitcoins. Any news?
Bobby Lee, CEO of Chinese exchange BTCC, told CoinDesk his platform has seen a significant volume increase, though he dismissed much of his competitors' volume as "artificial".
Those behind the volume, he said, are not traders but consumers sucked into a Russian ponzi scheme, MMM.
"We have posted warnings on our site and on our social media to warn users to be careful, but they have been coming to our exchange and buying out like crazy," he said, adding:
"This time it's not speculative trading but based on them getting sucked into this ecosystem."
https://twitter.com/YourBTCC/status/654273706013798401?lang=en"South Africa" must include a many of the poorest and least educated people there.
Ah, bitcoin -- bringing First World financial ruin to the unbanked in the Third World...
May you all go broke, and burn in hell...
Hehe. Thanks for the cross-post, Professor.
https://www.reddit.com/r/Buttcoin/comments/3p2mot/butts_allegedly_being_used_by_sergei_mavrodis/*Waves* Hi Butters!
Found this:
https://www.facebook.com/MMMGlobalRBThis run may not end well
Ouch!!
Moderators REQUIRED.
Responsibilities: moderating MMM Extra web-tasks
Working hours: 8 hours a day
Salary: 150$ a month
That's abot 60 cents an hour. Any traders need a little extra income ?
20,695 likes
49 visits
Is that even possible ??
reddit thread calling for action to advertise and stop this :
https://www.reddit.com/r/Bitcoin/comments/3p4kuf/mmm_global_republic_of_bitcoin/ALL exchanges should be posting a warning about this to there customers if they have any sense of decency. Fair play to Bobby Lee for calling it out already
960.
Post 12714040 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.28h):
Because the largest solo miner, for example, has publicly said they don't sell their bitcoins.
Source?
Vavilov told CoinDesk that it decided not to tap its bitcoin reserves as it remains bullish on the long-term value of bitcoin.
"We believe in the long-term perspective [the price of bitcoin] will grow and we decided to not to sell [our bitcoin] at such a low price," Vavilov added.
So, their funding rounds are basically to pay for their costs while they hold their coins. How could that possibly go wrong?
961.
Post 12714179 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.28h):
nice discussion we got going here.
no i don't know exactly were freshly mined coins are going. nobody knows. everybody has just hear-and-say informations.
i personally did some business some time ago with mining farm folks and my impression was they gave a shit about bitcoin. privately they held no more than a handful of coins maybe. for them it was just a better kind of investment as into high-yield-bonds or something.
but i accept that bitfury may keep them, quite possible.
nevertheless the market has to absorb 1 mioUS$ everyday, thats a fucking lot and halving will kick some ass.
Make it half that
If they are not selling their coins, then they need to raise *an* amount of fresh capital (or use reserves) every day to cover production costs and keep the lights on. Either way, the money has to come into the system unless they have 'free' electricity. If they are not selling the production it is hard to see how much of the new funding can go into development of infrastructure in an environment of falling prices (which presumably means they are even more reluctant to sell ...)
Well, I guess we know now where the VC money is really going. Whether that was their intention or not is another matter ...
Probably gives them a bit of extra leeway to 'massage' the market ... can't believe they would sit on their hands and not buy more if it they were too cheap to sell at $350-$400 ish ...
962.
Post 12714434 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.28h):
nice discussion we got going here.
no i don't know exactly were freshly mined coins are going. nobody knows. everybody has just hear-and-say informations.
i personally did some business some time ago with mining farm folks and my impression was they gave a shit about bitcoin. privately they held no more than a handful of coins maybe. for them it was just a better kind of investment as into high-yield-bonds or something.
but i accept that bitfury may keep them, quite possible.
nevertheless the market has to absorb 1 mioUS$ everyday, thats a fucking lot and halving will kick some ass.
Make it half that
If they are not selling their coins, then they need to raise *an* amount of fresh capital (or use reserves) every day to cover production costs and keep the lights on. Either way, the money has to come into the system unless they have 'free' electricity. If they are not selling the production it is hard to see how much of the new funding can go into development of infrastructure in an environment of falling prices (which presumably means they are even more reluctant to sell ...)
Well, I guess we know now where the VC money is really going. Whether that was their intention or not is another matter ...
Probably gives them a bit of extra leeway to 'massage' the market ... can't believe they would sit on their hands and not buy more if it they were too cheap to sell at $350-$400 ish ...
There's another way to look at this (I think). You either mine to sell instantly or you mine because you or your investors want coins. Coins that would otherwise have been bought at exchanges. Either way they're absorbed by the market.
That is totally reasonable. And works for as long as the miners can continue to raise extra funding from this type of VC, who in reality, may aswell buy and hold BTC themselves (on or off exchange) and not take the risk on the company and what it may or may not do with or wthout their permission.
EDIT: I guess we will never really know, so its kind of an endless and pointless discussion at the end of the day ... but this is the SPECUALTION forum so we don't need 'facts'
963.
Post 12714502 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.28h):
@ Jorge
Re KnC, they had about 10k coins when they launched the ETN, and based on your numbers they will have mined about 45,000BTC since the launch. ETN issuance is currently stable at about 15k BTC (for the $ note - have not looked at the Euro one - is it even launched yet?)
IIRC correctly they have stated they are in this for fiat and don't hold BTC (except those they are obliged to to back the ETN)
Pretty sure it was member 'dropt' who had the best info on them
964.
Post 12714732 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.28h):
@ Fatman ... yup ... I agree - someone's paying for dem coins whichever way you cut it
Tired too - not even sure if I am arguing for or against what I said
965.
Post 12714752 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.28h):
@ Fatman ... yup ... I agree - someone's paying for dem coins whichever way you cut it
it took me both of my brain cells to get to that conclusion
I had to borrow couple of extra ones
966.
Post 12714765 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.28h):
@ Fatman ... yup ... I agree - someone's paying for dem coins whichever way you cut it
it took me both of my brain cells to get to that conclusion
I had to borrow couple of extra ones
cheater
<hangs head in shame>
967.
Post 12714908 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.28h):
Bloody hell. Is that what kids are wearing these days in America??
Shirts? Yup. They came over from the Old World about three years ago. All the Americans I've met were delighted to throw those smocks away.
I think he might also have been talking about the thing on his head
968.
Post 12714925 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.28h):
Bloody hell. Is that what kids are wearing these days in America??
Shirts? Yup. They came over from the Old World about three years ago. All the Americans I've met were delighted to throw those smocks away.
I think he might also have been talking about the thing on his head
Hair in the Americas goes back decades.
Yeh, I've seen Donald Trump ... nothing new there for a decade or two
969.
Post 12714947 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.28h):
Hair in the Americas goes back decades.
April 14th 1981. John Young, commander of the first shuttle flight, brought hair back to the US from space for the first time. I guess all those Apollos and Gemini hadn't been in the right orbit to find it. Ever since then it's become a very popular addition to American life.
Did he introduce the 'landing strip' too ?
970.
Post 12845221 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.30h):
What?
I see 315 in Bitcoin Average right now but the price in your pictures are around 285
Are you sure you are right?
I just came to post the same thing.
I've logged to Bitcoin Wisdom and Preev to check this and it was around $315 but not $285 or $300 even !!
What is wrong CB ?
Edit : This is not ChartBuddy, the user "betterangels" is either joking or trolling, and whatever the reason is, I don't see it funny (no offense).
Shorters are getting pretty desperate and creative. They will do anything not to get their throat slit.
i laughed when i saw it (again),
I'm just joking, don't get mad guys
I LOL'd pretty hard! Nice one! Haha
971.
Post 14890643 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.50h):
wowzers very old coins on the move.
crash back to 420 imminent
Nope. You can't stop the unstoppable.
Every day thousands of people are opening their very first bitcoin wallet.
What if the old coins on the move offsets the thousands of people are opening their very first bitcoin wallet every day? Does that mean the price won't do anything?
i had not considered that
extremely stable price imminent
456 will be sticky as fuck.
The old coins could also just be change from a smaller tx from an old wallet (ie just noise)... anyone looked at the tx ?
EDIT: Or maybe it's Craig Wright lol
972.
Post 14891024 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.50h):
wowzers very old coins on the move.
The old coins could also just be change from a smaller tx from an old wallet (ie just noise)... anyone looked at the tx ?
EDIT: Or
maybe it's Craig Wright lol
i had the same though.
i wouldn't be surprised if it was him, moving even a small amount of bitcoin from 2009-2010 probably makes the days destroyed chart spike like mad.
It probably would, but I dont think we will be hearing from him again anytime soon
#pwned
973.
Post 14956466 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.50h):
That's a pretty decent gif, Pumpy.
Rebranding seems like such a dumb idea... Coinbase Exchange was a good name... but whatever, that is their decision regarding how they want to present themselves to the world through their name.
thanks m8
yea i dunno
why the name change,,,mayb dodge taxes lol
GDAX ... Global Digital Asset Xchange ?? Is that what is stands for ? Maybe, I dunno. Sounds more 'futuristic' than
Coinbase perhaps. A step towards listing more 'Digital Assets' that are not perceived as 'money'. Just my 2
cents bits
We need more hype ... 'coin' gotta go ... this is the future
974.
Post 14956640 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.50h):
<blah blah blah>
glutenous
sousaphone
Pentangle.
colonic
You left out some words, FTFY
LMAO !! Thanks for that
975.
Post 14957527 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.51h):
Man! Diiiiii Ehhhh Owww is the future!
with all the cables, batteries and everything! you know??
Elon Musk is pooping his pants right now
What if they decide to build a rocket too ??
976.
Post 14957847 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.51h):
BTW, is Coinbase planning to delist BTC now that it upgraded to ETH? Any news on that?
No, they don't care about BTC anymore. Their immediate plan is to start campaign for ETH blocksize increase.
Is there any news on the Twinkles' Eth ETF yet?
977.
Post 14958055 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.51h):
Is there any news on the Twinkles' Eth ETF yet?
In Two Weeks, according to sources.
978.
Post 14958737 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.51h):
I hate to say this but Coinbase is starting to look totally sketchy ... I called the Mt. Gox blow up 8 months before it finally happened (in fact I was warning to stay out of it since mid-2011).
You also told us that BitStamp would not come back online after the hack 18 months ago, but here it is
I think you might be a bit overly sensitive to these things ...
I don't doubt there is some PR involved in their actions, but hey ... that's hardly new in crypto ...
979.
Post 14958765 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.51h):
Fuck ETH scam, fuck that shit. Stay with the true and only Bitcoin, fuck the rest. Thank you and good night.
r0ach, is that you ? Sure sounds like you ...
EDIT : Hmmm .. the 'thank you and good night' part is a bit out of character
Someone is sure butthurt ...
980.
Post 14958853 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.51h):
Fuck ETH scam, fuck that shit. Stay with the true and only Bitcoin, fuck the rest. Thank you and good night.
r0ach, is that you ? Sure sounds like you ...
EDIT : Hmmm .. the 'thank you and good night' part is a bit out of character
Someone is sure butthurt ...
I'm Satoshi, duh!!
The only butthurt are the ETH scammers. Fuck ETH. Thank you and
goodnight.
You already said goodnight once , now GTFO and massage your sore parts
Or be a man an identify yourself ...
EDIT: I see you deleted the same 'Fuck Eth shit' post from Fakhoury's 'Only bullish things can be said about Bitcoin' thread ... definitely not r0ach - now I see you
981.
Post 14959014 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.51h):
... yeah, the check's in the mail ... and hey, don't you really want to buy some Ether instead!?
Cryptsy?
lol ... I suppose you called that too right, well in advance. Writing was on the wall for all to see there for a long time. Here you are claiming something entirely different. More 'smearing' I would call it.
To be fair,you could claim that all of the BTC/crypto exchanges will steal from and you would probably have a hit ratio >50% over time - it's hardly rocket science , just the nature of the beast
FWIW I do agree from the reports I have read that Coinbase is overly invasive and heavy-handed when it comes to KYC and shutting accounts. But for a 'regulated' exchange base in the US that is harldy a surprise.
Stamp likes to 'probe' a lot too... it begins ...
982.
Post 14959116 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.51h):
^^ Won't argue with that
... selling gold for BTC, BTC Debit Cards, offering BTC purchase with CC for 8% fee lol - more 'signs of desperation' than a 'thriving business'
The one unkonwn is what they do OTC, now that they are 'licensed from Luxembourg' - sounds shady as fuck, rubber stamped by Eurpean elites ...
983.
Post 14959208 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.51h):
Link to the thread, or such thread doesn't exist....
Not possible to link to deleted post, and I am sure you can find the thread yourself with your technical skills - its been going for about a year
Hint : Look on the front page of this subforum, a few rows down
984.
Post 14959295 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.51h):
Link to the thread, or such thread doesn't exist....
Not possible to link to deleted post, and I am sure you can find the thread yourself with your technical skills - its been going for about a year
Hint : Look on the front page of this subforum, a few rows down
Yeah, i was interested in the title of the thread, rather than the deleted post, and that seems to be a pretty cool thread.. I had not seen it.
https://bitcointalk.org/index.php?topic=1166428.0You have not noticed it in a year? Wtf have you been doing ? Writing essays or something?
985.
Post 14959557 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.51h):
Link to the thread, or such thread doesn't exist....
Not possible to link to deleted post, and I am sure you can find the thread yourself with your technical skills - its been going for about a year
Hint : Look on the front page of this subforum, a few rows down
Yeah, i was interested in the title of the thread, rather than the deleted post, and that seems to be a pretty cool thread.. I had not seen it.
https://bitcointalk.org/index.php?topic=1166428.0You have not noticed it in a year? Wtf have you been doing ? Writing essays or something?
You made me lol hard buddy
But I don't why you hate our club so much (Bitcoin permabulls and the maximalists) ?
C'mon dude, chill
Keep doing what your doing, fine by me, but the 'club' you are asking me to join is myopic IMO. I will never jump in a box labelled 'permabull', but only 'non-permabulls' will understand my true thoughts behind that. I guess I just don't drink enough Kool-aid. Wtf is a 'maximalist' anyway?
I will put it simply - I find crypto and the future of digital money very interesting. But I am not 'married' to BTC (or anything else). We are still in the very early stages of an experiment, and watchng it unfold is very informative and educational in so many ways. Close your mind to the multitude of possibilities at your peril.
No hating ... but I will meet fire with fire when
necessary I feel like it
JJG, I don't dislke him, he just bores the pants off me with his monologues
986.
Post 14959696 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.51h):
Link to the thread, or such thread doesn't exist....
Not possible to link to deleted post, and I am sure you can find the thread yourself with your technical skills - its been going for about a year
Hint : Look on the front page of this subforum, a few rows down
Yeah, i was interested in the title of the thread, rather than the deleted post, and that seems to be a pretty cool thread.. I had not seen it.
https://bitcointalk.org/index.php?topic=1166428.0You have not noticed it in a year? Wtf have you been doing ? Writing essays or something?
You made me lol hard buddy
But I don't why you hate our club so much (Bitcoin permabulls and the maximalists) ?
C'mon dude, chill
Keep doing what your doing, fine by me, but the 'club' you are asking me to join is myopic IMO. I will never jump in a box labelled 'permabull', but only 'non-permabulls' will understand my true thoughts behind that. I guess I just don't drink enough Kool-aid. Wtf is a 'maximalist' anyway?
I will put it simply - I find crypto and the future of digital money very interesting. But I am not 'married' to BTC (or anything else). We are still in the very early stages of an experiment, and watchng it unfold is very informative and educational in so many ways. Close your mind to the multitude of possibilities at your peril.
No hating ... but I will meet fire with fire when
necessary I feel like it
JJG, I don't dislke him, he just bores the pants off me with his monologues
Dude, are you fuckin serious ?
Are we in a battlefield or Bitcoin forum ?
What fire and what hating you are talking about ? I'm sorry, but this is a complete BS.
Buddy, we are friends and we are here because of something both of us love and find it interseting beside millions of peoples, which is cryptocurrency.
Why do you deal with me as I'm your foe ? Didn't we achieve a mutual relationship/slight friendship ?
I'm not asking you to join the club, neither I did nor I will, I just saw hating towards permabulls like me and I saw no valid reason for this.
I don't think that the things deserve this attuide from you
Again, chill mate as nothing deserves all of this.
Regarding JJG, he is a cool kid who enjoys watching twilight movies and lurking at Hackforums to be a cool haxor
I'm fine Fakhoury, it was you who brought up the issue of hating, which I don't ... i really don't understand your point.
so, in essence,
this one time I am admitting guilt
Lol - there was an extremely heavy dose of sarcasm in my post
987.
Post 14959844 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.51h):
To be frank Fakhoury, I do think having a 'Bullish news' thread is amusing, but you are free to create whatever threads you want and I am free to have my own opinion on it. It's just not a place I would ever want to hang out
JJG : x-talk ... was not referring to you as a permabull. I'm not quite sure what you are ... 'special' ??
988.
Post 14959888 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.51h):
I am like you, phoenix1
plz no
Yeh, there's sthg very wrong about that
989.
Post 15880493 (copy this link) (by phoenix1) (scraped on 2020-04-04_Sat_14.57h):
Withdrawal option still not available for BTC
Or other crypto... In the end I bought LTC and will move to Kraken ASAP.
Withdrawal is open now...just waiting on my e-mail.
No withdrawals yet... Fuck...
Your account is currently on withdrawal hold. All withdrawals will be held in a Pending Approval state until the hold is lifted. The most common triggers of a withdrawal hold are account password changes and the changing of certain security settings. Please contact
support@bitfinex.com with questions or concerns. This hold will be lifted at August 13, 2016 14:31.
In other words...everyone's trying to withdraw! Stop before we have no more money!
Yeah, but my reason to buy LTC for withdrawal was that no LTC were stolen, as opposed to the 120k BTC missing. So there should be more LTC actually available for withdrawal ASAP.
Exchange trading will be enabled for all currencies and pairs, while deposits and withdrawals will be enabled for BTC, ETC, ETH, and USD – with LTC and Tether to follow shortly thereafter
Perhaps this is the problem ...
