All posts made by Iranus in Bitcointalk.org's Wall Observer thread
1.
Post 18438201 (copy this link) (by Iranus) (scraped on 2020-04-04_Sat_15.07h):
Since we didnt see any retrace over the weekend, I wouldnt be suprised at all, if bull trap awaited us during tommorrow or day after that. It wouldnt be the first time we decide to take a plunge on monday...
Looks like indeed we have a correction going.
It could go up, down, or sideways. Some posters here are saying it will go up, others are saying it will go down, but nobody's saying it will go sideways. As the minority is usually right I'll speculate on it going sideways.
Spot on. It's been near sideways for a good couple of days with a slight uptrend and I would say that bulls and bears have pretty equal strength right now. Even the slight fall of ETH and extreme fall of DASH and other altcoins won't stop the FUD and the high fees/confirmation times.
2.
Post 18711605 (copy this link) (by Iranus) (scraped on 2020-04-04_Sat_15.08h):
The rise of btc with 10% at bitfinex and poloniex since the last week with regard to usdt is fake, since in kraken usdt dropped by 8-10% to the fiat usd. The whales are trying to bite the 1%-profit daily traders so the whales can withdraw in time to their bank accounts before the big drop. They are still trying to delude the traders that there is a chance bitfinex can be saved. The truth is it is doomed and this was planned a long time ago. These two exchanges (btc-e and biftiniex) are well known for their shady owners and fears of exit scam. It is a matter of days, may be hours before the bad news is announced. If the so called 'bad news" of tightening control of chinese exchanges, sec denial and bu fork, lead to 40% drop of price, imagine the damage to the price caused by real bad news of the imminent bankruptcy of one (possibly) two of the largest exchanges. This may lead to panic withdrawals from other exchanges, so nobody can predict how deep will be the new emerging crisis.
Of course the btc (now usd) whales will buy very low just to sell a year or two at a much higher level.
Why would Bitfinex bankruptcy cause bitcoin price drop?
Why would withdrawals from other exchanges cause bitcoin price drop?
You're dreaming, buddy.
Actually it would cause a price drop. If Bitfinex went bankrupt people wouldn't be withdrawing anymore from the exchange because the exchange wouldn't let them anymore, so the amount that will be withdrawn from the exchange is pretty close to what has already been withdrawn based on what people currently believe about the future of Bitfinex. So there will be some withdrawals before they go bankrupt, but not
loads.
What has to outweigh the amount of withdrawals from Bitfinex to other exchanges is the amount of money that isn't put into Bitcoin because of fear of the exchanges scamming people. It's safe to say that when Mt. Gox has already collapsed and Cryptsy has collapsed and yet another Bitcoin exchange is about to collapse that people will be increasingly scared of buying Bitcoin with fiat deposits into an exchange - that will stunt the price growth.
If USDT fails along with Bitfinex as well it'll only make it worse and could cause panic selloffs for a little while. It won't be as extreme as people think but it'll be something.
3.
Post 18728582 (copy this link) (by Iranus) (scraped on 2020-04-04_Sat_15.08h):
Well well. Just checked in and we seem to have crept up a smidgen more... $1258USD/$1700CAD at Bitcoinaverage.
Maybe this time $1250 will stick for a while. We're getting closer to gold parity again.
$1700CAD is another rung up the ladder for us Canucks. Feels good.
The difference is that there's no huge hype that's causing the price to spike. Looks like this time gold parity might stick for longer than a day or two.
4.
Post 18757146 (copy this link) (by Iranus) (scraped on 2020-04-04_Sat_15.08h):
This morning's action is making my coffee really enjoyable.
BTW, we just broke $1300USD at Bitcoinaverage. Fun indeed.
Each of the sites I look at have prices at over $1300 as well.
Bitcoin price just passed gold -- that is only the second time that has ever happened, the first was a few weeks ago.
Imagine what might happen if they
RESOLVE the SegWit v. BU Civil War...
10k?
Well once it happens, especially if it's BU, I would sell straight away. That civil war would get a hundred times worse, with attacks as well potentially, if something actually happens. I'd buy back in a couple of days after, but it could be really bad the instant it happens (especially with a split).
5.
Post 18775642 (copy this link) (by Iranus) (scraped on 2020-04-04_Sat_15.08h):
Nah, it's a bubble. I know I look like I'm running around spreading FUD everywhere, but I don't have enough money in Bitcoin to have a decent incentive to do that. I just think that people would be much safer if they're either holding for the long term or selling soon so that they can buy back in at the inevitable drop to under $1200, whenever that happens.
if this is a bubble then i also happen to be satoshi.
a bubble makes you shake your head in amazement every morning when you check the price. if this was a bubble there'd be talk of taking out bank loans on here and people going crazy everywhere. read this thread in 2013.
none of that is happening. there's no euphoria, no media attention, nothing. only a high price.
I agree, I think if we were in a bubble we would be seeing +50/100 during a few days in a row. If in Sunday the price is around $1500 then it could be worrying.
Lol how could you even think that we are in a bubble ATM
2013 was a bubble.
We havent had a real leg up ever since.
This is just a slow building-up for furhter gains.
Dont fight the trend, fight the bubble.
Traders be like : oh no 2% growth in 1 day OMG it must be a bubble!!
Altcoins are in a huge bubbe ATM, 10% increase is normall rightnow.
Altcoins are now where BTC was in 2013.
It will collapse soon and altcoins will decrease with 80%
BTC already had that phase, its healty growth rightnow.
A bubble doesn't have to be a thousand dollars and completely insane investors throwing all of their money in before it falls back down, it can be any significant meaningless change in the price. Healthy growth has to have a reason, otherwise it's a bubble - can you actually
explain, with words, why the price has gone up 100 dollars?
6.
Post 18820027 (copy this link) (by Iranus) (scraped on 2020-04-04_Sat_15.08h):
Another all time high? I guess we'll be in the funny papers again soon. I don't know how to feel about this much winning.
Edit:
Another? Nahhh... It's almost the SAME ATH of the last time. We need to start considering something like $100 from previous ATH to really call it an ATH. Maybe very soon though.
This time though the ATH actually matters. Last time it was a pathetic couple of days that the price went over and it was just weird ETF hype. This time it looks pretty serious since it grew (more) gradually.
7.
Post 18824399 (copy this link) (by Iranus) (scraped on 2020-04-04_Sat_15.08h):
I do agree. But again, all this does is give "legitimacy" to the PREVIOUS ATH. Also it is starting to consolidate as new bottom/support.
But I won't be calling NEW ATH until it is clearly above ($100+ more would make it) the previous one. That is what would signal to me that a new rally has started. It is also what I am expecting for this week.
i'll wait for an all time high that includes a china that works and a bitfinex that's either dead or back to its old self.
It's still a proper ATH. Those things cause their own prices, but on the real,
working exchanges there's an ATH so that's good enough for me. Especially since the growth has actually happened over a few weeks instead of a few days, which is always a good sign for the future.
8.
Post 18825646 (copy this link) (by Iranus) (scraped on 2020-04-04_Sat_15.08h):
Looks like a pretty arbitrary chart, you'd have to reasonably explain the parameters for me to believe it. When the price goes higher it gets harder to increase, so it can't be as simple as a line. Most people, even professionals, aren't estimating anywhere over about 10k.
9.
Post 18896846 (copy this link) (by Iranus) (scraped on 2020-04-04_Sat_15.09h):
What the hell is going on at Coinbase? Their price is
hovering around $1600. It's way higher than even Bitfinex even though Coinbase is fully functional. Any buywalls recently or anything?
10.
Post 18898195 (copy this link) (by Iranus) (scraped on 2020-04-04_Sat_15.09h):
Good point. Maybe institutional investors and the more wealthy are seeing Coinbase as the easiest way to get their hands on some coins since they're sort of the
de facto regulated US exchange (without spending too much time).
11.
Post 18913647 (copy this link) (by Iranus) (scraped on 2020-04-04_Sat_15.09h):
Japan thinks alts are Pokemon. They want to collect them all!
I think that some more experienced EU and US traders will make a lot of Japanese altcoin traders homeless very very soon. Meanwhile SegWit on BTC keeps crawling up. 50% in the next 2 weeks?
Actually the trading volume of yen to alts isn't that significant. The South Korean won, however, has been
hugely traded with ETH recently. The main soar in Japanese trading has been with Bitcoin. South Korean traders are the ones which are going to die.
Either way, someone's going to die.
12.
Post 18946196 (copy this link) (by Iranus) (scraped on 2020-04-04_Sat_15.09h):
Days are getting crazier. Just got back from a hike, glad to be a HODLer, not a folder
But looking at this, I seriously feel a correction is due now. Is FOMO rocket fuel really this strong? Is the entire sentiment going to shift into "BTC is the next BIG thing", accompanied by the masses pouring garbage green paper into crypto gold?
No, not yet.
If you look at the
Google search trends, which are one of the best indicators we have of hype right now, you'll realise that actually the interest in Bitcoin was dramatically higher in 2013 than today (at least 50% more and nearly double in some parts).
What that probably means is that
institutional investors are getting involved as well as people with high amounts of savings. Possibly that could mean that they expect the price to go up a lot more, which is a good sign. It could also mean that this is a bubble, but that seems unlikely since there are reasons for rising adoption in various countries.
13.
Post 19000657 (copy this link) (by Iranus) (scraped on 2020-04-04_Sat_15.09h):
Still weak ...
About to fall again?
Possibly. Even if it drops though, I'm thinking it's easily strong enough to bottom out over $1500.
Looking at it in perspective, a little drop won't matter, especially since alts seem to have reached their peak and Bitcoin is stronger than ever in the past month.
14.
Post 19018127 (copy this link) (by Iranus) (scraped on 2020-04-04_Sat_15.09h):
far better to keep it to yourself. people get very very weird about money. better not infect those closest to you with more of it.
I would say mention it once or twice. If they're interested, let them find out more themselves, otherwise they'll blame you if they screw it up. If they're not interested, leave it alone or you'll end up getting pissed off by their cocky attitude whenever there's a slight dip in price and their pedantic criticisms.
15.
Post 19043236 (copy this link) (by Iranus) (scraped on 2020-04-04_Sat_15.10h):
Actually right now Ripple shows in 1st place and Bitcoin 2nd.
# Name Market Cap Price Total Supply Volume (24h) % Change (24h) Price Graph (7d)
1 Ripple Ripple $31,271,273,545 $0.312729 99,994,799,156 XRP * $298,033,000 34.40%
2 Bitcoin Bitcoin $27,714,801,664 $1696.88 16,332,800 BTC $804,322,000 -5.29%
let me just put some emphasis on what you just wrote here.
Ripple Total Supply = 99,994,799,156 XRP (~100 billion)
bitcoin Total Supply = 21,000,000 btc (21 million)
Ripple circulating Supply = 38,305,873,865 XRP
bitcoin Total Supply = 16,332,937 btc
nice stats when you look at it this way, isn't it.
The Ripple developers can do whatever the hell they want with that pointless XRP that they're holding. They could dump huge amounts of it on exchanges to line their fat pockets a bit more. As well as being centralised and controlled by bankers, that makes it much worse than any of the scam coins that premine 15% and then dump.
The reason that guy's Twitter isn't insanely popular is because he's lying. If the Ripple organisation dumped all that XRP, the market cap would be next to 0. The only thing that matters to the market cap is the circulating supply (not that the market cap itself matters anyway).
16.
Post 19084349 (copy this link) (by Iranus) (scraped on 2020-04-04_Sat_15.10h):
This year could become remembered as the Great Fee Bubble of 2017.
With the number of unconfirmed rising rapidly now, and fees up above $1 and rising, a lot of Bitcoin could become locked out circulation, artificially shorting its supply. Even for those who wait hours and days for their transaction to go through - having the option to panic sell Bitcoin right now, without risking holding coin on an exchange for extended period of time, isn't really possible. This reduces selling pressure. The bubble would peak shortly after a scaling solution is reached (I think one will be - too much has been invested in Bitcoin to let another coin take to the top spot).
It's not really at the point of locking Bitcoin out of circulation yet. People who trade and exchange Bitcoin are unlikely to suffer from a fee of around $1.
The only case in which it would be "locked out of circulation" is people who claim trivial amounts from faucets or receive other microtransactions, as the cost of accepting more transactions adds too much to their transaction costs to be used.
17.
Post 19142203 (copy this link) (by Iranus) (scraped on 2020-04-04_Sat_15.10h):
So is it an attempt to stop the User activated fork getting traction ?
yes, because the period from august 2017 to november 2017 is the enforced period for Segwit ... not the LOCK period.
https://github.com/bitcoin/bips/blob/master/bip-0148.mediawikiso Segwit2Mb is a trap.
they want introduce the 2Mb before SegWit LOCK.
So the folks who want 2Mb don't trust the SegWit people not to break away after SegWit is locked and block a later block size increase?
Sounds understandable given the emotionalism on this issue. It would be very disruptive to activate SegWit and then deactivate it before LOCK. Seems unlikely the miners would do this. It seems far more likely that the SegWit folks would increase their opposition to a block size increase to 2 Mb once they already have what they want.
I am not understanding why this is not a reasonable roadmap forward.
Any block size increase is not a reasonable roadmap forward. It solves nothing! It just postpones the inevitable next block size increase - 4mb, 8mb, 16mb... until full centralization. Big blocktards will accept anything just to follow this roadmap.
This solution is basically just trying to retaliate against UASF by pushing through something suspicious much earlier, but a block size increase with SegWit is not
necessarily a bad way forward.
Since Bitcoin started in 2009, the amount of storage which people typically have has much more than doubled. Now it's fairly normal to have 2 terabyte hard drives like one of my computers does, while in 2009 it was very new for that to be conventional.
It's OK for the block size to rise if the average amount of capacity people's computers have raises faster than the size of the blockchain. What's important is that the block size is not flexible and it can't just rise often like it could if BU went through.
18.
Post 19142862 (copy this link) (by Iranus) (scraped on 2020-04-04_Sat_15.10h):
Everyone is talking about correction. Yeah there is going to be one, no doubt about it.
But whatever you feel like it's not going back to 1500$. So is it really worth to risk everything by trying to "see" a correction right now? :p
Just take a cocktail and ejoy the cool train to 4k$
Significant corrections are barely happening. At nearly every point I've thought there's going to be a correction but I've been too skeptical.
However, the tiny corrections of $50-100 that we've been seeing along the way and the sideways movements are solid. It shows that we're not drifting into bubble territory (yet).
19.
Post 19147521 (copy this link) (by Iranus) (scraped on 2020-04-04_Sat_15.10h):
fuck off holders DIE!.
i spend much time and power when i mining few years . Cost me nerves, money, health .. 24/7/365 taking care of all my machines for several years in heat and loud..S3-S5-S7..
I had/must to sell all BT to pay this expensive
"hobby" fun.. becouse always after some time dificulty go up .. so i must buy more miners.. or i lose income what have to go pay before invest money ..becouse difficlt..
So when we are "the birther of bitcoins" have made all hard work for years and make most of all bitcoins ...
now that lazy ass call self "holders" and on the background of someone who pumps the price irrationally UP for "every cost".. look at bitcoinwisdom chart .. its like some robot corect price up EVERY TIME if someone sell...
A typical capitalist/terrorist scheme. Someone had to work hard for years, and then they lazy asses(wallstreet) or other ***** ..enjoy the fruit of MY hard work... SAD!
I hope that none of you will enjoy it this xxx dollars from that ****
Well there's a pretty dumb post.
The difficulty will go up as the price goes up relative to the block reward and computer technology develops. You can't expect the price to go up so fast and exponentially that the difficulty never keeps up and you end up making loads of profit (which is basically what you want even though you're insulting hodlers for some reason).
Traders only win and lose with other traders, not with your money. It's a pretty dumb practice if you think about it, but a lot of things are.
20.
Post 19147746 (copy this link) (by Iranus) (scraped on 2020-04-04_Sat_15.10h):
Never fails. New articles up on CNBC, CNN, BusinessInsider, and Fortune today. Then a dump.
Every time media prints something about Bitcoin, it dumps soon after.
I don't know if I'd exactly call that a dump.
It's just back to where it was earlier today.
I see it more as just part of today's daily healthy correction.
We're having this sort of correction nearly every day.
It seems unlikely that the corrections will actually amount to anything after a few weeks. Either this is serious growth or it's the very beginning of the next Bitcoin bubble, which will peak at several thousands. In either case, no one should be worried at these levels.
21.
Post 19179279 (copy this link) (by Iranus) (scraped on 2020-04-04_Sat_15.10h):
You guys are so rich now. It's embarrassing. I hope you're giving to the poor.
i have to walk to the local bank on a daily basis (part of my job). there are beggars sitting on the sidewalks. i always gave them change. since december, when price rise started to accelerate i decided to give em more as long as bitcoin is rising. not long ago i had to start handing out € 5 notes which raised some eyebrows. last week i switched to € 10 notes. they must really wonder what kind of freak i am, because next week i will start with € 20 bills and if this sucker keeps rising there are still € 50 and € 100 bills. not sure what price level must be reached until i pull out the € 500 bill. but i am commited.
Good lord! How many BTC you have? Nah, forget the question. I hope you are already converting some of your profits to FIAT (or you already have enough FIAT/Real estate just in case shit happens) if you have already reached your "richness" factor.
Congrats!
It would be a better choice to convert profits into gold instead. If you don't need to spend it yet, the only thing you should convert to is something else that's stable and has a limited supply.
Trading is fine but IMO when you're withdrawing significant amounts, spending or going for gold are usually better choices.
22.
Post 19216263 (copy this link) (by Iranus) (scraped on 2020-04-04_Sat_15.11h):
that arbitrage on poloniex on the usdt market
100 dollars diff
Bittrex USDT price is about $1.30.
While most altcoins are going down, we could make money investing in a "tether" system... and we thought that the price was going way lower when it dropped to ~$0.92...
23.
Post 19244918 (copy this link) (by Iranus) (scraped on 2020-04-04_Sat_15.11h):
Still not too late to buy. The correction is over and we're at a stable point. IMO you couldn't pick a much better time unless you could see the future.
Let's do a competition. Who can get banned from the Poloniex trollbox the fastest?
24.
Post 19254877 (copy this link) (by Iranus) (scraped on 2020-04-04_Sat_15.11h):
QUICKLY NOW! get some real money before its to late!!!!!!!!!!
QUICKLY
QUICKLY
QUICKLY
Now that's a fine perspective:
Well if some irritating guy that no one likes has decided that Bitcoin's going to crash, that confirms your preconceptions pretty well doesn't it?
25.
Post 19292037 (copy this link) (by Iranus) (scraped on 2020-04-04_Sat_15.11h):
I sent bitcoin few days ago with $0.25 fee which is what was recommended by wallet and it still hasn't confirmed. Is it really that bad?
Are you sure your wallet didn't recommend a $2.5 fee? That would be pretty normal at current rates. Even the smallest transactions around have no chance of getting confirmed with that kind of fee.
26.
Post 19380427 (copy this link) (by Iranus) (scraped on 2020-04-04_Sat_15.11h):
Well...just a random thing that just hit me on the head....at the current price of gold is $1,280.30 and as of 2 seconds ago
the price of BTC is $2597.00
Well...put a light on my head and paint me like a lighthouse....we are more then TWICE the value of Gold now.
Sheesh..it was not that long ago we were just trying to MATCH the price of gold if I remember right
(all so fast...all so pump...all so scary)
anyway..just thought this should be mentioned thou in hindsight it is as obvious as a brick dropped on your foot
The reason that it's gone past us so fast is because it's an arbitrary comparison. You could only compare based on how many ounces of gold there are. If you look at any measure which actually makes sense, Bitcoin's price is completely insignificant compared to that of gold.
27.
Post 19442404 (copy this link) (by Iranus) (scraped on 2020-04-04_Sat_15.12h):
That 'market share' isn't coming back. Crypto has diverged for good no matter how shitty or wobbly the different paths are. Different people are now doing different things under one very tenuous umbrella that should be abandoned. Anyone who didn't expect this is a silly sausage.
This is a good article on why "BTC domination %" on marketcap doesn't even matter:
https://medium.com/bitcoinfoundation/the-bitcoin-dominance-indicator-fallacy-2b11093869d4Yes it does. Market cap is a terrible indicator of Bitcoin's dominance, but in this particular case it's accurate enough to say that people now care about ETH and several other cryptocurrencies.
To use arguments like "name me one merchant that uses ETH. You can't.", is meaningless. Bitcoin has very few merchants relative to the total amount, and it wouldn't be so difficult for ETH to have that low-level adoption as well considering the amount of work that people are putting into it.
A limited supply of Bitcoin is not the same as a limited supply of gold. There are only so many scarce physical objects to use, but there are an unlimited number of cryptocurrencies that can be created, and cryptocurrency-related tokens (ETH). So I can't see anything continuously staying relevant unless it's
really deeply rooted in the world or it's superior to all alternatives in the eyes of the public.
28.
Post 19500656 (copy this link) (by Iranus) (scraped on 2020-04-04_Sat_15.12h):
DAO exploit or the most recent one when that Canadian exchange lost $14 million are called weakness in ethereum protocol and apparently it hapens to be easily exploitable. the fact that it does not happen more often is because people are already giving their money to the scumbags in form of ICOs, and when people are handing their money to you, you don't put on ski masks and rub them with machine guns, that is for when they stop giving you their money freely.
Hell, the hackers probably already have the exploit in their back pocket, ready to go at just the right time. And what a perfect way to mega pump the market and mega short on the way down.
I don't know. More attention = more coders and professionals getting involved. If that's true then the longer hackers keep it secret, the higher their risk is of someone legitimate finding the exploit and reporting it to Ethereum (or Ethereum developers finding it themselves).
That said if they did have an exploit it'd be pretty nice being them right now.
we passed $4000CAD according to Google.
3000 USD's on its way. It's been steadier this time, I don't think there would be a correction coming for a while, except maybe some slight resistance at that psychological barrier.
I believe only the 3 Chinese exchanges passed $3000 barrier until now +/- bitfinex. Was hoping this weekend we will see a +$3k in all the exchanges, maybe this week it will happens
Many of the exchanges are well behind. The Coindesk price BPI is showing the price hovering around $3000, but the Bitstamp price isn't even $2950, nor is the Coinbase, BTC-E or Bitfinex anywhere near there either.
From most of our perspectives it's still falling short.
I won't be excited until the Bitstamp price has stayed >$3000 for a couple of days without a correction.
29.
Post 19610055 (copy this link) (by Iranus) (scraped on 2020-04-04_Sat_15.12h):
While I'm looking forward to seeing what a lightning network looks like, it may not be the miracle everyone's hoping for.
They've restricted the amounts you can send to 0.042 and you're still tied to on chain transactions at either end.
I don't think that matters if the thing you're spending is valuable.
If we had 0.042 BTC to spend on the Lightning Network, we'd be talking about about $100 now (and probably more by the time it's implemented).
On Litecoin it'll be much less, but that's fine because the LN is primarily for microtransactions anyway. Onchain transactions will always be necessary but if we're talking about >0.042 BTC for example, the fees won't be too high.
30.
Post 19655297 (copy this link) (by Iranus) (scraped on 2020-04-04_Sat_15.13h):
More miner has starting to signal Segwit2x.
That's just the recent blocks. The hashrate is steady, but we'll see the blocks go >60% to match the hashrate over the next few hours.
More miner has starting to signal Segwit2x.
This good? We ok with this?
(From long term non technical hodler)
It's very bullish if it actually happens. It would also prevent a really messy UASF.
31.
Post 19698640 (copy this link) (by Iranus) (scraped on 2020-04-04_Sat_15.13h):
Why aint we going up up
Were going down 🙄🙄🙄🙄
We're not going up or down, wee're going sideways. I'm grateful for that because rapid price swings over extended periods of time get too stressful.
Relative to alts, we're going up significantly. Ether is down quite a bit over the last couple of days.
It's clear that Ether has reached its peak, and now that people are realising SegWit activation is likely to be soon it seems pointless except for temporary ICO hype which is frankly embarrassing to blockchain technology considering how shit most of these projects are.
I see the sideways movement as very positive, not neutral. Especially when it's rose so much over the last couple of months.
32.
Post 19729798 (copy this link) (by Iranus) (scraped on 2020-04-04_Sat_15.13h):
I hope the price goes up. I'm selling some bitcoins to buy a car.
A classic Tuscani with 4 wheels and a sunroof.
Same. I'd really like to get insurance for my van down by the river.
If a billionaire attempted a hostile takeover, the proof of work could be changed rather trivially.
This is a point! This is why I believe in Core. But how fast it could be done until we need a massive rollback Buterin's style?
It's going to cost a lot of money for such an attempt to take place.
Usually billionaries are very wary on where and how they spend their money, otherwise they wouldn't be billionaries in the first place.
It's thought a week long attack on the ETH network would only cost about $3.5m. No one bothers.
People like to talk about "if a billionaire..." but it's meaningless. Billionaires never waste their money trying to screw with something that isn't even a threat to them.
Crypto enthusiasts just like to feel like outsiders so they always pretend they're under attack. A bank could always screw with Bitcoin, but if I were them I would have done it years ago.
The longer they wait, the harder it becomes anyway.
33.
Post 19805273 (copy this link) (by Iranus) (scraped on 2020-04-04_Sat_15.13h):
Hey, have a look at the one month period of
this lovely chart.
When Bitcoin falls, alts mostly fall as well because they're traded against BTC. The amount that they fall is amplified by the fact that SegWit is potentially imminent on BTC and that the market cap tends to be smaller.
34.
Post 20710348 (copy this link) (by Iranus) (scraped on 2020-04-04_Sat_15.16h):
Alright, I'm getting bearish now.
Let's all remind ourselves of the price on January 1st: about $970. So the price has multiplied by about 3.5 since the start of the year, and $1000 was pretty much the ATH before.
I know there's SegWit and everything but this price is ridiculous. I've been buying a lot of stuff with it now. It's not like some casual investors on the sidelines are shoving up the price by hundreds of dollars in a matter of hours.
35.
Post 21168746 (copy this link) (by Iranus) (scraped on 2020-04-04_Sat_15.19h):
Well, segwit's here and there's no big price change yet...
Since we knew SegWit was going to happen for the last two weeks, we could only expect to see price changes once SegWit actually starts having an effect.
Since most people are still sending legacy transactions, nothing has really changed since two weeks ago. SegWit's success will rely on people starting to use it, which they hopefully will do over the next few weeks. If they don't, it could be bearish in the short term because of people's high expectations.
Don't forget that the (potentially) bearish event of SegWitx2 and the (potentially) bullish event of LN being used on mainnet are coming up.
