All posts made by 10c in Bitcointalk.org's Wall Observer thread
1.
Post 2453195 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.04h):
Well actually Dutch government wants some coins too.
official statement from minister of finance (Dijsselbloem)
source:
http://www.nu.nl/internet/3495285/inkomsten-in-bitcoins-worden-belast.htmlHe happens to be head of EU finance at the moment as well.
also Canadian government wants coin.
2.
Post 2453292 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.04h):
First step to becoming a recognized currency: pay your taxes in BTC! Way to go Orange!
I actually had a nice long chat with the IRS (about 45 min) about this and have spoken with about 5 devisions of the IRS in that call.
They didn't know how to handle this yet and advised me to write a letter about it and make an appointment.
I actually wanted to go through with this but am still waiting for community support. I have some funds but not enough to see this through.
3.
Post 2453352 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.04h):
They can only regulate as far as we allow them to...
but I do think if the IRS makes it official and governments accept BTC this would be a bullish sign for mass adoption.
and we all know what that means...
4.
Post 2453848 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.04h):
Well the major problem I see with taxing bitcoin income is the same one we have right now.
How do you value a coin?
so I earned 10 coins today-> this can buy me a nice tv today but tomorrow the same tv costs 15 coins.
so I earn 40 coins a month what taxbox does this fit? 45% or 52%? and why am I in a certain taxbox while coins increase or decrease in value?
5.
Post 2453892 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.04h):
They can only regulate as far as we allow them to...
but I do think if the IRS makes it official and governments accept BTC this would be a bullish sign for mass adoption.
and we all know what that means...
They have to accept it.
End-of-year business accounts around the world, are being presented to their respective tax offices, with a declaration of this strange new thing called Bitcoin.
They need to get with the program, if they are to tax their citizens effectively. If the declarations are sizable, we will start to see some precedents with regards to tax, soon.
I don't think this is the case. Businesses have transacted in foreign currency for a very long time, but in most countries, you still can't pay your taxes with it. There are long standing accounting rules for handling the conversion of foreign currencies to your home currency and the recognition of the profit/loss derived from the conversion.
I don't see why Bitcoin would be any different. The IRS doesn't want to deal with currency risk in the collection of taxes.
This is only true if you convert to fiat.
The article I linked to states receiving paycheck in BTC not receive BTC and convert to euro or usd.
This changes the game. They state BTC doen't meet the requirements of a currency under current law.
I think this spawned because of a major IT company payed out the anual 'vacation money' in BTC
6.
Post 2453975 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.04h):
Here's a snippit of a pm to an other meber that translates the article i was refering to
Yesterday Bitcoin hit the front page of the main news page here in holland again.
here is a link to the article:
http://www.nu.nl/tech/3495285/inkomsten-in-bitcoins-worden-belast.htmlIt's in dutch but here's a translate/recap of it before you put it in to google translate.
Basically the article states that the minister of finance (Dijsselbloem) states that people acquiring income out of Bitcoin (actually get payed in coin) need to pay income tax on the coins. The reason for the this statement is that there has been a debate in parlement regarding Bitcoin. The minister states that even though BTC is not recognized as a legal currency (in Holland); people who get payed in BTC need to pay income tax on it.
No risk
He also states 'that as of yet' there is no risk to the financial stability in regards to 'the real economy' due to the limited market cap and low degree of acceptance of BTC. He also states that the developments of this virtual currency are closely monitored by the dutch federal bank (federal reserve) because it's not uncertain that the use of these virtual currencies may increase.
20 Million euro
The minister also states that around 2% of all coins are in dutch hands which equals around 20 million euro. The statement is made due to questions by the parlement after the big swings in value in april (the crash event)
7.
Post 2454210 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.04h):
[
These rules are already well established because businesses who transact globally deal with this everyday. When you actually dispose of your coins, by selling or spending them, you have to account for the gain / loss on the coins you use. This requires record keeping, which is probably the biggest issue for non-business users. Hopefully the IRS and other agencies will issue simplified rules, but they certainly aren't going to look the other way if you have large gains from any activity.
Agreed Pale.
What 10c said, is why we pay our officials, to work these things out. At least we have declared something.
I agree but you have to let the fiat conversion out of the equation.
In an ideal world I could pay for food at every store with btc, pay for rent (denominated in BTC) and the rest of it...
so if you don't sell them it's hard to tax them.
as an example:
I walk in to the local Benz dealer and buy that new E-class.
E-class=X BTC but E-class=Y euro. Now the IRS taxes on the conversion rate at the point in time you made the purchase.
This would lead to shit load of work for them.
an other problem is that when I walk in to the dealership to buy that car vat (and the illegal according to EU law) BMP are already included in the sales price. so now what?
Can we pay our officials in BTC?
8.
Post 2454239 (copy this link) (by 10c) (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?
9.
Post 2454383 (copy this link) (by 10c) (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.
10.
Post 2454513 (copy this link) (by 10c) (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
No, no hurt; buy and hold
I'm a bull, however I think this is a pump to build support and when the bulls think were in the clear, dumping starts. Without our trustworthy TA I call 60-80 once we have support at 120
11.
Post 2454652 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.04h):
Maybe you are right. I'm here to learn.
I am certain manipulation is going on.
If I had a shitload of coins I would try to kickstart the price with the fiat from previous dumps, let the bulls do the rest and then keep dumping to that range.
edit Any lower would ensure bear market for prolonged time. which would mean I have to wait to long for recovery
12.
Post 2454768 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.04h):
Nah there's enough bulls. Only thing is they want 'cheap' coins at sub 80...
so everybody's waiting for further crashing/deflation.
We just need to wait for the impatient to make a move.
some might call this 'consolidaition' but I think most are just waiting for 'cheap' coins
we have to go to at least 'cheap' coins before we go 'up,up,up'
13.
Post 2454797 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.04h):
or we have to wait long enough for everybody to accept that these are cheap coins...
14.
Post 2454883 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.04h):
Nah there's enough bulls. Only thing is they want 'cheap' coins at sub 80...
so everybody's waiting for further crashing/deflation.
We just need to wait for the impatient to make a move.
some might call this 'consolidaition' but I think most are just waiting for 'cheap' coins
we have to go to at least 'cheap' coins before we go 'up,up,up'
On this forum wanting cheap coins makes you a bear. Everyone is long term bullish here.
This is only true as long as the bulls don't see the opportunity to buy em cheap. At this moment everybody knows the possibility is there.
So even bulls turn short term bear. This doen't mean they're not long term bulls. Those who are, are blinded I think.
I'm pretty sure most bulls have at least some fiat waiting 'just in case'
15.
Post 2455437 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.04h):
Up up up and then new people want cheaps coins and then the people after them etc
I don't want cheap coins, I want free dollars.
Long term bulls are super long time bears....
Uh... that's an other way of looking at it
Yeah of course new people want cheap coins/free cash, but as you might have noticed the definition of cheap changed a lot now;
now we consider 50-80 cheap, in the beginning of the year we considered 10 cheap...
in a while we consider 150 cheap. Cheap is relative to what we perceive the actual value at any given time.
If a mega dump puts us anywhere near 50 huge buy walls will absorb the hit.
I for one will liquidate what assets I can to buy as much as possible. And many others will to.
The first 20 coins I had were in the 15-ish and I didn't think they were cheap at all. I just figured 'ok, now I have bitcoins...'
Since then a lot has changed and I'm working to increase the stack for the long run.
Now days I'm trying to get more people interested in BTC, I build sites that accept BTC and ask if people accept BTC on most purchases I do.
16.
Post 2455491 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.04h):
yup subjective....
In this age we consider 2yrs long term with regards to tech.
17.
Post 2455546 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.04h):
Twp decades barely classifies as long term, let alone super long term. Super long term is a couple of centuries.
No no, super long term is couple of millenia, couple of centuries is mid-term! Fucking absurd.
Sure. The point I was trying to make is that if you classify long term as anything under 10 years then I question your patience. In investing patience is the most important thing.
So you believe bitcoin in it's current form will be relevant in a decade?
18.
Post 2455620 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.04h):
I just don't see the big difference in price when people talk about cheap coins. I don't see the point in waiting for a 20 dollar drop. If you believe in Bitcoin long term then everything now is cheap.
Bitcoin either will be worth 0 or a lot. I think most people will agree. In the case it turns out to be a lot then who cares if you bought for 80 or 130 dollars? Those prices will be a joke.
That's why i think the whole cheap coins thing gets a bit stupid at times.
I bought before the hype and i'm still buying every now and then.
Ofcourse i try to pick the best times but really it doesn't bother me if it's 80 or 120.
And i for sure won't love to see the whole Bitcoin going down to 50 just to buy a few cheaper coins. Unlike many people here. I think it's ridiculous and rude to think that way. Pure greed.
agreed!
but for a lot there's longterm (paper wallet)
and there's a quick buck for short term.
I to keep buying. I even bought a few at 235. even though I knew we were bubbling.
I have a few coins playmoney and accumulate the rest.
if like as in an other thread someone opted '1BTC=1M usd
I still rather have 10 then 3
19.
Post 2455644 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.04h):
I just don't see the big difference in price when people talk about cheap coins. I don't see the point in waiting for a 20 dollar drop. If you believe in Bitcoin long term then everything now is cheap.
Bitcoin either will be worth 0 or a lot. I think most people will agree. In the case it turns out to be a lot then who cares if you bought for 80 or 130 dollars? Those prices will be a joke.
That's why i think the whole cheap coins thing gets a bit stupid at times.
I bought before the hype and i'm still buying every now and then.
Ofcourse i try to pick the best times but really it doesn't bother me if it's 80 or 120.
And i for sure won't love to see the whole Bitcoin economy going down to 50 just to buy a few cheaper coins. Unlike many people here. I think it's ridiculous and rude to think that way. Pure greed.
It makes a massive difference if you buy at 30 vs 110 if bitcoin is going to the moon. You have 3 times as many of them.
Yes, i agree but the times for 30 dollar coins are over. Most likely also for 50. People need to accept that or in 5 years from now they are still hoping for a major crash to get to that level.
That's what I said a few post's back.
20.
Post 2455685 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.04h):
we all want cheap coins to profit from them. even the most bullish
21.
Post 2455731 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.04h):
we all want cheap coins to profit from them. even the most bullish
except the buy-and-holders.
nope... even buy and holder try to pick the lows
I hold most of my coins but try to buy em on the lows just like the rest
22.
Post 2455768 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.04h):
And i for sure won't love to see the whole Bitcoin economy going down to 50 just to buy a few cheaper coins. Unlike many people here. I think it's ridiculous and rude to think that way. Pure greed.
Unfortunately I was late to the party. I definitely embrace "cheap" coins. On the other hand, if the trend goes up, I will buy in whatever the price.
but you would still try to pick the lows being of the day or the week or month
23.
Post 2455799 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.04h):
point being a lot bulls want to buy, but the prospect of really cheap coins tomorrow compared to today keeps even them waiting
24.
Post 2455836 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.04h):
I just don't see the big difference in price when people talk about cheap coins. I don't see the point in waiting for a 20 dollar drop. If you believe in Bitcoin long term then everything now is cheap.
Bitcoin either will be worth 0 or a lot. I think most people will agree. In the case it turns out to be a lot then who cares if you bought for 80 or 130 dollars? Those prices will be a joke.
That's why i think the whole cheap coins thing gets a bit stupid at times.
I bought before the hype and i'm still buying every now and then.
Ofcourse i try to pick the best times but really it doesn't bother me if it's 80 or 120.
And i for sure won't love to see the whole Bitcoin economy going down to 50 just to buy a few cheaper coins. Unlike many people here. I think it's ridiculous and rude to think that way. Pure greed.
It makes a massive difference if you buy at 30 vs 110 if bitcoin is going to the moon. You have 3 times as many of them.
Yes, i agree but the times for 30 dollar coins are over. Most likely also for 50. People need to accept that or in 5 years from now they are still hoping for a major crash to get to that level.
That's what I said a few post's back.
Sorry, i only read my own posts
Oh damn... did I already make it to the ignore list on my first day actively posting?
25.
Post 2455855 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.04h):
true many have this, thats why we are going unstably sideways ATM
26.
Post 2455889 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.04h):
And i for sure won't love to see the whole Bitcoin economy going down to 50 just to buy a few cheaper coins. Unlike many people here. I think it's ridiculous and rude to think that way. Pure greed.
Unfortunately I was late to the party. I definitely embrace "cheap" coins. On the other hand, if the trend goes up, I will buy in whatever the price.
I don't think you're late.
It can get waaaaaay worse if Bitcoin does what it's supposed to do.
I think that everyone who now has at least 1 coin is not late to the party.
So what is bitcoin supposed to do? drop to 1/16th? (uhh... no arrogance inteded
)
I don't hink we will repeat the 2011 the game has somewhat changed.
27.
Post 2455959 (copy this link) (by 10c) (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 ?
No rush, but I'dd like to buy that lambo with the few coins I carelessly left on my unverified GOX account after pulling the rest due to them taking over 2 months and counting to wire me some fiat.
Better if I can do that tomorrow then in 10 years
28.
Post 2455970 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.04h):
And i for sure won't love to see the whole Bitcoin economy going down to 50 just to buy a few cheaper coins. Unlike many people here. I think it's ridiculous and rude to think that way. Pure greed.
Unfortunately I was late to the party. I definitely embrace "cheap" coins. On the other hand, if the trend goes up, I will buy in whatever the price.
I don't think you're late.
It can get waaaaaay worse if Bitcoin does what it's supposed to do.
I think that everyone who now has at least 1 coin is not late to the party.
So what is bitcoin supposed to do? drop to 1/16th? (uhh... no arrogance inteded
)
I don't hink we will repeat the 2011 the game has somewhat changed.
I don't think many truly have an idea what the party will be like, let alone what to wear, who will be there and how much the entry fee will be.
This '1 coin will be enough' doesn't compute for me.
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...
29.
Post 2456087 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.04h):
we all want cheap coins to profit from them. even the most bullish
except the buy-and-holders.
Nah, I'd still buy some cheap coins.
Dollar cost averaging.
But I'm sure there are people out there that put most of their investment money into BTC at a high price and are still holding. When price plummets, they can purchase more, but their average cost per BTC is still going to be high.
But fellas like you with deep pockets it's a different story. During a crash you might be able to match the initial investment to bring the average cost of BTC so low that you are then almost at break-even.
I don't have deep pocket's but the averaging thing doesn't hold up for all of us.
I'm a relatively newcomer and am trying to make a living on BTC without daytrading.
This is harder then it sounds.
30.
Post 2456114 (copy this link) (by 10c) (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
31.
Post 2456193 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.04h):
we all want cheap coins to profit from them. even the most bullish
except the buy-and-holders.
Nah, I'd still buy some cheap coins.
Dollar cost averaging.
But I'm sure there are people out there that put most of their investment money into BTC at a high price and are still holding. When price plummets, they can purchase more, but their average cost per BTC is still going to be high.
But fellas like you with deep pockets it's a different story. During a crash you might be able to match the initial investment to bring the average cost of BTC so low that you are then almost at break-even.
I don't have deep pocket's but the averaging thing doesn't hold up for all of us.
I'm a relatively newcomer and am trying to make a living on BTC without daytrading.
This is harder then it sounds.
I'd say it's unrealistic to expect succeeding in such an effort unless you have masters in math/computer science and/or finance. And in that case you probably won't need bitcoin to make a decent living...
true, I have bachelors in business IT.
Up until recently I had a good paying job, but quit it when I became a father recently because of the insane amount of hours I worked.
Now I have a couple of small companies that deal with divers aspects of it. For the moment I manage living on BTC. building BTC infra for small businesses and the ocasional freelance projects in fiat
32.
Post 2456261 (copy this link) (by 10c) (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
Of course. Where is the fun in having a fast car without abusing it.
When my father was still alive I took his countach for a spin on the track, that was nice. fun part is he actually broke a camshaft just cruising it around town. For now my bitcoin payed GSX-R satisfies my need for speed.
33.
Post 2456307 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.04h):
So we all agree 50 is a bargain/on track for now?
I too don't believe we will be seeing 30
34.
Post 2456405 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.04h):
So we all agree 50 is a bargain/on track for now?
I too don't believe we will be seeing 30
I think you bearish bulls would be lucky to see 99$
Funny how perma bulls turn bear isn't it?
Do you have any interesting theory as to why we won't go below that?
Some nice TA or other stuff?
Even though I don't always agree with it I like to learn from you guys and find it interesting.
I also don't quite understand how conventional TA is applied to BTC.
Mainly because this is a relatively new market and most people factor out the continuously changing parameters and circumstances which you don't have in 'old' markets.
35.
Post 2456595 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.04h):
So we all agree 50 is a bargain/on track for now?
I too don't believe we will be seeing 30
I think you bearish bulls would be lucky to see 99$
Funny how perma bulls turn bear isn't it?
Do you have any interesting theory as to why we won't go below that?
Some nice TA or other stuff?
Even though I don't always agree with it I like to learn from you guys and find it interesting.
I also don't quite understand how conventional TA is applied to BTC.
Mainly because this is a relatively new market and most people factor out the continuously changing parameters and circumstances which you don't have in 'old' markets.
TA is for day traders looking to find a way to "scrap pennies"
you need to take a step back and look at what has happened, and what you think will happen(and i don't mean price action...), and how that will affect bitcoins price.
draw triangle all you want, if max keiser runs out of blow, we're going up!
So how far have you zoomed out? I mean regarding timespan?
We all know that if one major player accepts BTC this will cause adoption and infrastructure to become available and make BTC skyrocket.
Most of us see manny 0000 added on the correct side
36.
Post 2456710 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.04h):
Yes I think IT WILL happen, just not now till we have decent infra and descent market cap.
But if a major VC will adopt it will change things very swiftly. practically overnight. meaning if it happened now at this point in time,
we will be seeing 4 figures within a day or 2. But for this to happen we need to build the economy beyond the so hatted phrase by many 'Silk Road economy'
That's one of the reasons I'm now building/implementing payment systems for BTC. Every vendor/shop/person that uses BTC helps create the basic support we need. It's not only the big fish we need, we need the small fish as bait.
37.
Post 2456778 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.04h):
Funny how perma bulls turn bear isn't it?
Do you have any interesting theory as to why we won't go below that?
Some nice TA or other stuff?
Even though I don't always agree with it I like to learn from you guys and find it interesting.
I also don't quite understand how conventional TA is applied to BTC.
Mainly because this is a relatively new market and most people factor out the continuously changing parameters and circumstances which you don't have in 'old' markets.
As BTC started to go hyperbolic, Businessinsider.com was posting daily updates of its price. They also posted about its crash. Businessinsider, I would imagine, gets a lot of its web traffic from people in the business/finance world. The kind of people that love making money and invest/trade in equities. The founder of the site, Henry Blodget, used to be an equity research analyst on Wall Street during the tech bubble era many years ago. He even wrote an article about Bitcoin saying how a $1000 price target may happen one day and it may be worth the risk to invest.
My point is, a lot of speculators may have been exposed to Bitcoin for the first time by reading these articles on BI. I'm sure a lot of these speculators also use TA. As more and more people apply TA to BTC, TA will become more practical. It is kind of like a self-fulfilling prophecy as people have said.
Don't get me wrong; I don't dismiss TA as not being valuable. I just think that it clouds your vision if you factor out important parameters (not always known at this point). Some just factor stuff out because it doen't suit their view.
My father used to say: accurate predictions are difficult, especially when they involve the future.
38.
Post 2456827 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.04h):
... we need the small fish as bait.
Not quite selling it to me there...
Inorder for a VC to adopt BTC, they must have a reason. Now the incentive is not that big.
If 'everyone' accepts BTC then VC will follow. We need a broader audience.
However the reverse is also true. if VC accept BTC then the small fish will follow as well.
For me it's not doable to convince large VC to use BTC I don't know the right CEO's however small/medium businesses are a lot easier to convince/approach. creating a bigger user base.
39.
Post 2456860 (copy this link) (by 10c) (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
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
40.
Post 2456969 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.04h):
... we need the small fish as bait.
Not quite selling it to me there...
Inorder for a VC to adopt BTC, they must have a reason. Now the incentive is not that big.
If 'everyone' accepts BTC then VC will follow. We need a broader audience.
However the reverse is also true. if VC accept BTC then the small fish will follow as well.
For me it's not doable to convince large VC to use BTC I don't know the right CEO's however small/medium businesses are a lot easier to convince/approach. creating a bigger user base.
Sure - but BTC wasn't created so that Big Fish with lots of money could have a better life. I couldn't give a fuck about VC or CEO interest.
Neither was it created specifically to improve YOURS. However wider adoption is good for BTC = good for me. VC's money is as good as any ones.
Unless your saying you don't want your coins having high value that makes your life easier, I don't understand. Market cap increase is 'up,up,up' VC's have big money and that helps all of us.
41.
Post 2456993 (copy this link) (by 10c) (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
That's why I look at them
doesn't mean I don't know their full of it
42.
Post 2457107 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.04h):
Indeed. TA cannot account for unexpected news until after the fact. That is the risk for me when I stay in fiat.
I wouldn't want to be all in fiat at this point. Since you're trading I would go for 50/50. It can go either way.
maybe we'll see 180 in 12 days like someone said maybe we'll be at 60-80. with low volume like this one (whale) can push the market either way regardless of sentiment. No TA needed... just math.
43.
Post 2457163 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.04h):
... we need the small fish as bait.
Not quite selling it to me there...
Inorder for a VC to adopt BTC, they must have a reason. Now the incentive is not that big.
If 'everyone' accepts BTC then VC will follow. We need a broader audience.
However the reverse is also true. if VC accept BTC then the small fish will follow as well.
For me it's not doable to convince large VC to use BTC I don't know the right CEO's however small/medium businesses are a lot easier to convince/approach. creating a bigger user base.
Sure - but BTC wasn't created so that Big Fish with lots of money could have a better life. I couldn't give a fuck about VC or CEO interest.
Neither was it created specifically to improve YOURS. However wider adoption is good for BTC = good for me. VC's money is as good as any ones.
Unless your saying you don't want your coins having high value that makes your life easier, I don't understand. Market cap increase is 'up,up,up' VC's have big money and that helps all of us.
Me personally - I want BTC to "work" and I don't want it to lose me money. That's it. Obviously this is a speculation thread so most people want to make gains, but not necessarily at the cost of the little people, "bait" as you so tactfully put it. I think a lot of people on here are hoping that we can make gains at the cost of the Big People. That's the point.
If the VC take the bait we all gain
all the small people profit from VC's interest and (market) power/cap
It will increase their business as adoption increases due to VC power.
How many people buy at Amazon? how many people buy Jils hobby bracelets?
Who do you think will help adoption on a global scale?
edit:
You don't have to worry about the 'big people' they are big for a reason... they can take care of their own and have the means to ensure success (market making devisions and so)
Small people profit from VC's efforts
44.
Post 2457337 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.04h):
I'm no gangsta, I just don't think BTC was started to provide VC's with a new way of getting rich. I don't agree that adoption needs VC input - it works because it works - that can be it's strength in exactly the same way that Linux didn't need VC input to thrive and survive. You want corporate money? Go Ripple.
Although I think Ripple will fail, It makes BTC stronger. more adoption
Who do think developed linux? without VC we would be missing out on some nice stuff as they heavily invested in it to make further development possible.
I have no problem with you flaming at me but please think before making stupid statements. And no I don't want to go in a discussion regarding linux
45.
Post 2457456 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.04h):
Jeez - I'm not flaming you I'm disagreeing with you - if you don't get the open source roots of BTC and why that's relevant that's fine, but it's not just a dispute on this thread, it's a core dispute in the whole technical world. I'll stay off your threads.
No need to stay off 'my' threads.
You are free to disagree, but if you do please try to put some fundamentals in your disagreement.
Sorry if I offend you, but just as you are allergic to VC, I'm allergic to 'because I say so'
46.
Post 2457476 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.04h):
looks like I scared everyone off
47.
Post 2457587 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.04h):
Uh.. which one am I? dare I ask....
I'll do the same. also sent a pm to the guy explaining.
48.
Post 2457617 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.04h):
Must be the TA if your all fiat
49.
Post 2457720 (copy this link) (by 10c) (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.
50.
Post 2457734 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.04h):
Do you have a gif for every occasion?
51.
Post 2457761 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.04h):
If adam is right you better hammer that buy button right now!
52.
Post 2457775 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.04h):
Do you have a gif for every occasion?
let me think about that ...
I LOLed
53.
Post 2457816 (copy this link) (by 10c) (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
54.
Post 2457850 (copy this link) (by 10c) (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 ?
My bulldog is just as stupid as the cat or the train....
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?
55.
Post 2457911 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.04h):
Few... would kind a suck to have a glowing ignore on my first day of spamming...
I like to think I actually say something worth reading when I'm not talking about lambo's and stuff
time to go to bed; need to earn some coin tomorrow. finishing up a small project.
56.
Post 2461349 (copy this link) (by 10c) (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>
It will take one pre-emptive dumper to trigger hell
Bitcoin can go any way at this point; The oppostite is also true,
One big buyer can trigger an uptrend now.
57.
Post 2461507 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.04h):
If you've observed the market the past couple of weeks it's obvious that buyers are being more cautious than sellers. A big sell can more easily trigger a downtrend than a big buy can trigger an uptrend under the current market conditions. Only below 100 I can see more buyer confidence and that's why we've never stayed in double digits for very long since the crash.
This is a good point.
Thats why I think we will be (manipulated) up on low volume and then drop
58.
Post 2461628 (copy this link) (by 10c) (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.
I tend to agree with you on this, except for the timeframe. I don't think it '6 weeks' but more based on support levels. 115-120 with support will trigger him again.
This week will probably be slow; people waiting to see if it's 'dumping sunday' again
59.
Post 2462305 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.04h):
Sure sounds like there's a lot of SR vendors on this thread, trying to morally justify they are just that
Maybe bitcoin economy is mostly SR afterall...
60.
Post 2462337 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.04h):
I never purchased or sold anything on SR. I did make an account once to see what the fuss was about.
I think most bitcoiners have at one point looked to see what it's all about.
We are Dutch, so nothing special for us.
61.
Post 2462355 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.04h):
Sure sounds like there's a lot of SR vendors on this thread, trying to morally justify they are just that
Maybe bitcoin economy is mostly SR afterall...
You are wrong. I never dealt on SR, ever.
Don't take it so seriously, I was just poring oil on the fire
62.
Post 2462648 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.04h):
I suppose they had their entry points at which they decided the bear market is over, just like me. I think we will drop to 30's but if we get through certain point above current price I will enter.
So whats your panic buy threshold?
63.
Post 2462724 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.04h):
Don't the dots make your eyes pop?
64.
Post 2462880 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.04h):
Polls like this are pointless.
yup...
everyone buys sub 50.... we wil not drop below that for longer then an instant
65.
Post 2474417 (copy this link) (by 10c) (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.
66.
Post 2474559 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.04h):
If only one of those wales would just crash it already....
we could all move on and continue up,Up,UP
67.
Post 2476471 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.04h):
Can people be dumb and still end up rich?
YES they can!
68.
Post 2476719 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.04h):
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.
There's difference; jarsolaw's post consist mostly of stuff like get ready im going do drop X coins, need more fiat, etc,etc
adam actually posts reasoning. while you may not agree with his reasoning, he mostly has posts with fundamentals for his reasoning (although I can't remember any for the 180)
69.
Post 2483947 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.04h):
you're a bear now
wtf did they do?
lol
MtGox can do wire transfer to anywhere in the world including US
people are selling because they are scared
mmm good luck with that.
I made a withdrawal pre bubble burst and have yet to receive funds....
70.
Post 2484117 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.04h):
I made at least 3 reasonably big withdrawals (5 figures each) post bubble burst and I received the money in 2/3 days. SEPA transfers. In that sense Gox works like a charm for me, I guess that being fully verified and having requested to have the higher limits help?
me to, even more then 3, amounts varied, received them all except for that one....
never received within 2-3 days though. usually within 2 weeks
since then I'm not risking it. still a ticket open and they are still looking in to it. They have no way of crediting it back to the gox account...
only a few coins on there and always witdraw in BTC now...
71.
Post 2484170 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.04h):
I did two international wires from MtGox this week - the first one arrived the next day. The second one is yet to arrive, I suspect it will arrive on Monday.
Hey I'm not trying to bash gox in any way, like I said up until then never had an issue.
just saying that shit can happen and my funds are not with me....
72.
Post 2486055 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.05h):
Didn't help me with SEPA and I'm also fully verified.
Do you mean your cash is lost to? or that it just took some time?
73.
Post 2486157 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.05h):
That's what i did as well... not possible
74.
Post 2497175 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.05h):
Yeaaah i am not on the forum all the time like you sarc.. i have patients to deal with.. but seriously has any of the TA ever proven correct??
It's 100% correct 30% of the time.
heads = up
tails = down
It's 100% correct 50% of the time.
plus you leveraged time; not having to do TA
75.
Post 2497224 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.05h):
First, let me say relying just on TA with BTC is risky but I do use it a lot.
TA for sure works. That is not really the question, the question is how often and how accurately. Looking at my (past) record, I'd say it works more times than not and a lot better than guessing. That has been proven over many many years.
If anyone thinks TA doesn't work I'd say you have to try it for a few months after learning it pretty well (spending a couple hundred hours studying and practicing).
To define how it works, that is a tough one. The underlying things we see in a chart are composed of many variables (e.g. emotion, economics, fundamentals (yes!), etc.)
So, I use TA but with BTC I am a lot more careful with it as a lot of BTC is driven on sentiment (aka The world situation). We could be going down fairly hard and if another country pulls a Cyprus - BOOM UP. And vice versa in a sense. But I think all of us know that, the thing is, the world is a tough place today. Some currencies/economies are getting closer and closer to collapse by all accounts and to me, that will be the real determiner - after all it is in large part why BTC is where it is.
Unless you get consistant results above the 50% marker, TA has no added value in BTC and a coin toss suffises.
if you only get 30% and don't consider it the process to get above the 50% marker no value is added.
you hit the nail on the head that BTC is mostly emotion driven. It is not backed by anything then (fragile) trust.
If you have ALL the parameters you can use TA effectively. Marketcap is small and whales are big, reducing your chances of success.
Just keep that in mind.
76.
Post 2497313 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.05h):
One could say, that (historical) price data reflects the underlying users and their feelings, behavior and reactions.
Not exactly true.
The parameters have changed. BTC used to be all nerds; now we have profesional traders.
profesional traders and a lot of average people joining the game. meaning that previous results are in no way an accurate indicator in reflecting current performance. Professional traders that come from traditional (old) markets try to use the TA that they are used to. which works because most of the participants in the market use the same logic as they do. the average newB or nerd doen't know the rules to play by, so why do you expect them to follow the rules?
Up until the ratio is reached where the rules are clear to most of the players TA is less effective.
and how do you factor in the sentiment for the increased price compared to the past?
gambling a dollar vs a 100 * X makes a lot of difference in ones sentiment on how to gamble.
77.
Post 2497494 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.05h):
We should be moving up.
I don't see any founded reasons why we are not. (disregarding past performance)
Either we make this a self-fulfilling prophecy or we move on. We didn't have any bad news, economy is (slowly)growing beyond SR and ASIC and we have prospect VC's joining the game. All this sounds bullish to me!
However people are afraid to move on because they look back at past performance factoring out new parameters;
they expect the capitulation of sub 50 coins. There has been no indicators that we need to go there. clearly people support 120 range. (drop due to fear of still being in bubble deflation) clearly support 100 range we have been going sideways for long...(in BTC world).
Why no move upwards? fear of still being in the bubble. If we all accept 100 being the new low we can go up again.
No one knows if a 100 is cheap or expensive (except for the bears, everything above 3 is...)
So if anyone has good reason why we need to drop further without playing the previous bubble as an example or any bubble for that matter I would gladly hear it.
Who says we are bubbling anyway? no parabolic growth going on lately. We corrected enough to sustain price. 180 might be a good price but no one knows...
78.
Post 2497537 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.05h):
Technical analysis of bitcoin charts and bitcoin prices has worked very well over its entire trading history since 2010, even in the beginning when market cap was tiny
I still remember the first TA with a triangle at 0.065$ where we predicted the huge breakout
I assume you are one of the 'elite' now.
I am not disregarding the value of TA, just trying to warn people no to use it as if what ever your TA comes up with is written in stone.
I also assume you were one of the few using it in that time. That leverages your TA. You could have 'sold' it to make it so
every one being impressed and bought in to it, because they looked at it, concluded that 'every' market moves that way, it must be true for BTC.
just playing devil's advocate here...
79.
Post 2497557 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.05h):
Applying TA properly takes schooling AND experience + healthy perception.
80.
Post 2497573 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.05h):
nice pic....
Nice chart. Bear in mind that the price is in the same ballpark as the actual bitcoin usage. It would be powerful to see this chart divided by the "# of users" or some other usage metric. If the marketcap is $50k per user, it is much less interesting to invest than if market cap is $500 per user.
In the Nasdaq bubble, mobile operators saw bubble valuations of $20k per user, which of course could not hold.
Dollar now has $2000 per person in the world valuation, bubble or not.
And these are exactly the numbers we don't have and do need to conclude if a 100 dollar coin is cheap or expensive
81.
Post 2497658 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.05h):
Yeah, this has been what I am thinking. Everything tells me bitcoin should be going up. But the market clearly does not believe this. So I guess either the market knows something I don't or this is one of the best investment opportunities I will ever get. Fun times ahead, no matter what happens I can always tell my grandchildren about it
"come on kids, lets see if we can still spark some light in granddads old lambo; did I ever tell you guys the story of how I bought it with bitcoin?"
"but grandpa we don't have any gas? and WTF are bitcoins?"
"I had it converted when they outlawed petrol, Bitcoins were a thing we considered gold 2.0"
"WTF is 2.0?"
82.
Post 2497782 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.05h):
Lets say I used it to call the bottom a few times and was 100% correct. I don't overuse it and I don't underuse it. I use it as much as it seems to remain fairly accurate.
And of course I adjust.
All valid points, I don't really think we can make this a black and white thing as it is a bit more than that...
That's exactly what I mean!
Just warning people it's not wise to look at it like it's 100% accurate 100% of the time and warning beginning traders/speculators.
You have to agree with me that we see some retarded TA come by with some lines in a chart that don't mean anything.
I don't pretend to be all knowing about TA, nor do I have the necessary years of experience to apply it properly (giving me more chance than a coin toss). so if your TA is 100% correct for 30% of the time. You are doing it wrong.
83.
Post 2497959 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.05h):
If all the world uses bitcoin exactly as much as they use gold now, 1 bitcoin will be valued at $300,000.
I'll take the 300K and assume you did the math on that as you usually do it thorough.
but it's not enough for a few of us to believe/know that. Until the world wakes up to this reality a 100 dollar coin can still be expensive.
That's why paper money is worth the digits on it. We all believe it is... even if the paper has no value at all
84.
Post 2498099 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.05h):
mmm kind of a lowballer... about the pills...
No problem if you don't believe BTC will hit 300K.
I don't think we will hit that number any time soon (if at all)
however; don't underestimate exponential growth.
Just last year when BTC was at $2 adam called a 100 for this year and was made fun of
look where we are now. everybody accepts that reality.
I don't know about you guys; but he might not be as crazy as you might think.
from what I understand he's made some serious cash. unless you are all rich like that, you might wonder how he made it before coming to conclusions.
85.
Post 2498170 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.05h):
I am. His calculation is based on gold, so he simply swaps Bitcoin for gold. Using historical data for gold, rounding errors and whatnot and he obtains a nice round figure of 300.000USD (2013 value) per Bitcoin. But that's only when everyone uses Bitcoin (I'm counting 6 billion people, which might be a little too low). It's quite a simple calculation.
https://bitcointalk.org/index.php?topic=174620.msg1886147#msg1886147The problem is whether this can stand the reality test. Maybe his assumptions are wrong etc. Bitcoin is not tied to a physical item, so, unlike gold, it can vanish. Will that risk factor be included in the price? OTOH, you can absolutely store paper wallets. You could thus make Bitcoin banknotes (or IOUs), so the market cap could be multiplied (but then we're right back where we started: a debt ridden system).
Anyway, the whole Bitcoin experience is very interesting.
I agree it won't take that much to add 1 or 2 digits.
I for one am very anxious to see what price will be when BTC mainstreams and economy accepts it.
exponential growth will heave taken place and price will have skyrocketed to proportions that would make our last bubble look like normal growth and no one seems to understand why it 'corrected'
86.
Post 2498192 (copy this link) (by 10c) (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.
You're spot on with the infrastructure.
Block chain is the easy thing to fix.
87.
Post 2498212 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.05h):
Two random visual cues:
The price movement doesn't fit well at all, but tendency and time periods does.
Each time the sum of bids and asks on the book was lower than the price, we could observe a local price minimum and trend reversal following.
So your TA tells us we hit 120+ within 2 weeks?
88.
Post 2498384 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.05h):
That's what I agreed to as well, exponential growth. the numbers ad up real quick. and to use some proper TA. up until now that works for BTC. look at it 'since time began' in some charts floating around here.
I am disregarding may as this is just normal bubble burst with over correction in highs and lows.
also disregarding the markt lows as they are just that 'lows' the support are the lines I drew.
So what do think? on the right track or better of using the coin?
FT.. picture posting not for me
89.
Post 2498535 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.05h):
I not sure the Bitcoin infrastructure has to support it in the sense you may mean. The blockchain can handle any particular price, all that would happen is buying bitcoins would be too expensive except for the ultra rich and big corps and govs, which would use bit coins to do things like store wealth, big currency swaps, big deals and balance the nightly's
I'm not saying BTC will go to 300K though.
nah, Ramp is aiming at the limited amount of tx/s
also if wider adoption is taking place in a exponential tempo we have insufficient infra to sustain price.
the amount a BTC is worth can handle it easy as we transition to mBTC.
We have no choice other then to go mBTC, there is no need to own a BTC if prices are that high.
if you were to buy some icecream you pay with a $5 bill instead of a$1000 bill
90.
Post 2498883 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.05h):
Nice theory!
91.
Post 2498895 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.05h):
We haven't had a major sell for over a week now. Should the low volume continue for a few more days, I'd be worried holding BTC.
You just know that someone out there wants to liquidate his sweet millions in dirty fiat money.
are you trying to scare us? you bear!
92.
Post 2498936 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.05h):
is there such a thing as a bear with horns? or a bull with claws?
something equivalent to this:
http://www.youtube.com/watch?v=714-Ioa4XQw
93.
Post 2498949 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.05h):
lol, I missed that post (this thread is moving too fast
).
I agree that the "this year" is going to be difficult to achieve (understatement...), especially considering that Bitcoin would need to be used by everyone for that value to be reached (in his theory).
I'm not against the 300K as the _potential_ maximum value though, but I don't think we will ever see it. I'd be very happy if it were only 0.1% of that.
Me 2! especially if we hit it this year
94.
Post 2499580 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.05h):
He as well as a number of us agree that regulation is needed for mass adoption.
but we also have a big number of users that 'strongly' disagree
still bullish news though! up Up UP
95.
Post 2499630 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.05h):
If I were fiat rich I would place major buy now on market order and drive up the price with my major slippage...
If I were coin rich I would place a major sell to crash the price.
All this out of being bored to death...
96.
Post 2499652 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.05h):
Applying TA properly takes schooling AND experience + healthy perception.
Ah, an easy "out", always the hallmark of a something solid. Seances work too but not if you don't believe.
what do you mean by easy "out"?
97.
Post 2499684 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.05h):
Applying TA properly takes schooling AND experience + healthy perception.
Ah, an easy "out", always the hallmark of a something solid. Seances work too but not if you don't believe.
This is what i use for TA:
some image that reminds me of MTG for some reason
My TA tops your any day.... my coin toss is 100% accurate 50% of the time. It's easier to understand to. either black or white. yours is prone to interpretation which screws you on the odds of being right
98.
Post 2499728 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.05h):
Ok I'm done trolling about TA.
I actually enjoy the TA posts as long as they are well founded. They give us nice insights and matter to discuss.
On the gold matter: no need For nuclear reactions. just tell the right person where you keep yours and it'll vanish...
99.
Post 2499826 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.05h):
Applying TA properly takes schooling AND experience + healthy perception.
Ah, an easy "out", always the hallmark of a something solid. Seances work too but not if you don't believe.
what do you mean by easy "out"?
Obviously, if your TA doesn't work, you're not doing it right.
thats what I said:
Lets say I used it to call the bottom a few times and was 100% correct. I don't overuse it and I don't underuse it. I use it as much as it seems to remain fairly accurate.
And of course I adjust.
All valid points, I don't really think we can make this a black and white thing as it is a bit more than that...
That's exactly what I mean!
Just warning people it's not wise to look at it like it's 100% accurate 100% of the time and warning beginning traders/speculators.
You have to agree with me that we see some retarded TA come by with some lines in a chart that don't mean anything.
I don't pretend to be all knowing about TA, nor do I have the necessary years of experience to apply it properly (giving me more chance than a coin toss). so if your TA is 100% correct for 30% of the time. You are doing it wrong.
100.
Post 2499982 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.05h):
I posted a pic on 887
I didn't even get 1 response on it.
Maybe everyone I thought I was trolling about it.
I even backet it by logic that many could follow and put in the time to photoshop it (had to make brush preset and all just for the dotted line)
I actually hoped to it would bring about a discussion. The original poster actually put in time and effort to make it and back it.
The original picture is nice and will be a good proof for us as time progresses and we have more data on the 2013.
my point was it doen't yet say that much as was also mentioned in dexX7's post as the parameters have changed.
101.
Post 2502984 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.05h):
#include <oligarch.h>
void main() {
int oil_pipe;
unsigned long money;
int offshore;
oil_pipe = open("/dev/oil",O_RDONLY,0);
offshore = open("/dev/cyprus",O_RDWR,0);
if(offshore==-1) {
offshore = open("/dev/bitcoin",O_RDWR,0);
}
while(1) {
read(oil_pipe,&money,100000000);
write(offshore,&money,100000000);
}
}
like someone said.... most of us are sick in the head.....
102.
Post 2503137 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.05h):
duly noted but vetoing
i'm trusting a read on the flow of the order book. The action is painting a picture of a reversal in recent pessimism. Still a bull(shit?) market haha
and thats why BTC is hard to TA. the sentiment here turned bullish
103.
Post 2503235 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.05h):
I'm split. You are right - the order book is looking good and has been for days (at least within $5-$10 of the current price). But notice when we start moving in those sells just hit us down again?
It just happened a few minutes ago as I was watching the Gox market. Maybe 350 - 400 BTC sells came through in batches of 50-100 or so. That has been happening for a while, so I don't
exactly trust the order book.
I honestly figured we were going towards 50. We should have hit some 80's or 70's by now.
Instead we move sideways and there seems to be the sentiment that $100 coin is not to expensive.
edit:
I was about to sell 15% of my stack but as of now am still 100% (well 99% orso) BTC
104.
Post 2503321 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.05h):
You might be right but at the same time wrong. Look at my comment above on how the order book looks good but those sells keep smacking it down (And they are not showing up there.)
Yes I know, but still BTC is weird that way.
I think your reasoning is correct; odds are in favor of going down. Odds don't mean that much in the BTC world, if most of us are in favor of moving up we probably will as people believe their coins are worth $100+ now. only those in desperate need will sell and most are in for the long run
105.
Post 2506970 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.05h):
still waiting on 133 to cash out some coins...
the grinding sideways is just to boring...
106.
Post 2507097 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.05h):
nah it's just that 133 equals a 100 euro and I need to pay for stuff, the end of the month is nearing...
If adam's right we should have no problem hitting this number.
if only I could use BTC to pay for the mortgages and cc.
no prob's if we don't but i'dd prefer if we at least went above the 117.
I never claimed I was rich like all the rest of you here, but I at least need around 4-5 grand (euro) a month to pay the bills and food.
And my main income is BTC at the moment. Everything I earn above that is for cold storage.
107.
Post 2674719 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.09h):
Someone want to make a prediction for tomorrow or the day after?
During the next few weeks we'll probably go down to the 50's stay there for a little while, drop a bit further 40's 35's? and either make some sideways movement or make huge steps towards 100-110 where the new waiting game begins. maybe drop a few times sub 100 but it will be up from there, especially if we break the support's; bears will be bulls again
total time line for this dec 13 or jan 14
108.
Post 2674866 (copy this link) (by 10c) (scraped on 2020-04-04_Sat_11.09h):
Someone want to make a prediction for tomorrow or the day after?
During the next few weeks we'll probably go down to the 50's stay there for a little while, drop a bit further 40's 35's? and either make some sideways movement or make huge steps towards 100-110 where the new waiting game begins. maybe drop a few times sub 100 but it will be up from there, especially if we break the support's; bears will be bulls again
total time line for this dec 13 or jan 14
dec 13 or jan 14? where do you pull that from?
I think that will be the time we need to complete the circle.
-a lot of ASIC's will be paid by then, and miners will be used to difficulty -> either sell their ASIC's because it being less profitable as expected and price being low or accept there is no real improvement over gains as compared to when they ran GPU's (just a different difficulty).
-capitulation will have taken place, weak hands will have sold-> buy high sell low types.
-VC projects will start making their way to the market/public.
-people will forget the drama in a timespan of a few months and those that got hurt will have taken their loss and got out.
-regulation will become more transparent as gov and banks are working hard at providing guidelines regarding tax and hope that the sheep will comply. Also regulation opens up the doors for mass adoption what will be starting as soon as the rules are clear and VC projects start.
These are just a few indicators I see happening in the timespan.