All posts made by Enjel in Bitcointalk.org's Wall Observer thread



1. Post 26910583 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.35h):

Quote from: realr0ach on December 24, 2017, 03:28:06 AM
PM shilling

Do you really believe the price of bitcoin hit $20k while the "evil bankers" are against it?  It would have been made illegal WAAAAY before that happened if they were actually trying to stop it.  We all know the only thing that keeps bitcoin afloat is it's ability to be converted to fiat.  Cut off the fiat conversion and this shit instantly implodes.  So why has it not happened?  Why?  They want you to buy this centralized govt tracking system instead of metals.

Many big bankers are against Bitcoin. Stiglitz wants it to be illegal.

However, they have an opportunity to manipulate the price for profit, and the IRS (in the USA of course) has an opportunity to extract capital gains taxes from people.

They have plenty of incentive to allow Bitcoin and others to continue. But the fact is, bankers in general do NOT want Bitcoin to succeed in the long run, because it would destabilize the current system.

In addition, unless you are an illegal immigrant, the government already knows pretty much everything about you. They are already tracking and surveilling you in many ways.



2. Post 26920234 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.35h):

I am assuming you are talking about the false breakout to 16k, since it is now 14k.

Can you explain why this was obvious in hindsight? I'm just curious, because I thought it could stabilize at around 16k, high 15k.



3. Post 26998997 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.35h):

Quote from: TERA2 on December 26, 2017, 07:42:12 AM
Ok I have to admit my posts have been super bearish and I'm going to change my ways. So here's how it's going to go. Look, this is going up. It's going straight up. Nobody is ever going to sell again. There will never be another dip, or another retracement, or another crash. A miner might need to sell like 1 satoshi, that's it. We're going to see an increase at a steady rate of, say, 5% per day. A new ATH will appear at least once per week. We will reach $1,000,000 in no time, and then it'll keep going. There will be no limit because all of us will be hoarding everything except 1 coin. The whole world will have to share the single coin in circulation, which comprises all of the world's GDP and currency derivatives, and they will be fighting over satoshis. Warren Buffet will go big and buy like 100 satoshis. To the moon. Wow.

That's right. Finally you understand.

Now I am actually a little worried because of the mania.



4. Post 27082923 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.35h):

Quote from: UnDerDoG81 on December 28, 2017, 07:02:51 AM
For the 3rd time in 2 weeks all coins are down (only ripple is up). Some people seem to take out serious money out of the market. I can not stop feeling the same way like I did at the gox pump and dump. At the end everybody was fooled.

This isn’t 2013.  

Yeah, it's worse. In 2013 it was only Karpeles. Now we have the sobs from the wall street and some banksters in the game.

It's only Bitcoin futures, not crypto/digital currency futures. You are very well aware that one exchange will not really impact Bitcoin like in 2013.
If this were 2013, we would have crashed a few months ago with the China ban - it just shows the strength that BTC has gained.

All the prices except for the suspicious XRP are down and up with Bitcoin, including Bitcoin Cash. Do the BCH shills think that BCH will crash too? The "bubble" is even bigger for BCH (which I actually hold some of, and think can get bigger as BTC gets bigger too).

If we see a bottom at ~14k, this is a good sign. The bottoms are getting higher and higher since the 45% drop (10k, 12k, 14k).
Stop with the "head/shoulders" nonsense - that is actually in reverse of what we are seeing.

Bottom line, Wall Street is highly overrated by its influence - it could be very well that they don't give a shit about BTC prices. Most of them are probably too scared to manipulate prices, because they are so volatile, have proved FUDsters wrong for years, AND they can just manipulate the stuff they already do.



5. Post 27102841 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.35h):

In the USA, starting 1/1/2018, movement of coins will be a taxable event under the Tax Cuts & Jobs Act signed by President Trump.
Just thought I would put that out.



6. Post 27106453 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.35h):

Quote from: MelMan2002 on December 28, 2017, 03:23:57 PM
Buying and selling dash is not a taxable event for you? How is that?
Maybe because it's paid with/sold for BTC and not fiat?

Maybe that's his point. Still look as a taxable event to me. Fiat has nothing to do with it.
Yes, it is by the new rules  Embarrassed

Yeah, if your a "coin trader" then will be a big deterrent now, could still manage and make money though off altcoin/BTC trading, etc.  

Do you think it will have more of reduction in altcoin trading and investment?  Seems like people may want to get into something larger more stable and sit versus potentially trade in something even more volatile than Bitcoin.  Thinking perhaps in early 2018 or here at very end of 2017 there may be some rush of funds back into BTC.

This is why all American "coin traders" should move to Puerto Rico ASAP - can't beat 0% taxes Smiley

http://www.portocapital.com/puerto-rico-act-22-tax-incentives-legislations-individual-investors-act/

Pretty sure PR doesn't have internet in most areas after this hurricane.



7. Post 27113479 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.35h):

@Torque: Out of curiosity, what is/was your profession(s)?



8. Post 27137483 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.36h):

Quote from: txtravwill on December 29, 2017, 02:44:53 AM
This is the 4th time on 6hr chart that we've had these bumps back up $750+.  Each time though the overall trend is it drops lower.

I hope we can get a REAL breakout on one of these and stay up finally.  Until then I definitely don't trust the increase in price as having staying power.  We

Isn't that just totally normal? 5% ups and downs, with a big of fluctuation.

And in the long run, since the big correction, the dips have stabilized. 10k - 16k bouncing for a while seems reasonable to me. 8k is possible, but would be an extreme low (that is literally quoting Novogratz, who I trust with predictions).
For the price to really drop, you would need some pretty bad news.



9. Post 27138059 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.36h):

Quote from: explorer on December 29, 2017, 06:23:33 AM
This is the 4th time on 6hr chart that we've had these bumps back up $750+.  Each time though the overall trend is it drops lower.

I hope we can get a REAL breakout on one of these and stay up finally.  Until then I definitely don't trust the increase in price as having staying power.  We

Isn't that just totally normal? 5% ups and downs, with a big of fluctuation.

And in the long run, since the big correction, the dips have stabilized. 10k - 16k bouncing for a while seems reasonable to me. 8k is possible, but would be an extreme low (that is literally quoting Novogratz, who I trust with predictions).
For the price to really drop, you would need some pretty bad news.

You must be new  Grin

I started in 2016 - for some that is new.

You are saying the price will reach 8k without bad news? Doubt it. Even South Korean FUD hasn't hurt much.



10. Post 27274252 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.36h):

Capital gains taxes on digital currencies is not a big deal anyways. It would never kill crypto in the first place.

I don't mind paying 15% returns on 100% gains.


It is better to (when you cash out) be very careful, and pay the full tax, lest the IRS mafia come knocking at your door to throw you in prison.



11. Post 27275456 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.36h):

Quote from: the artful bodger on December 31, 2017, 10:06:16 PM
Capital gains taxes on digital currencies is not a big deal anyways. It would never kill crypto in the first place.

I don't mind paying 15% returns on 100% gains.


It is better to (when you cash out) be very careful, and pay the full tax, lest the IRS mafia come knocking at your door to throw you in prison.

Just make sure you do your homework.  15% isn't the top capital gains bracket, 20% is.  Also NIIT of 3.8% is taxed on it.  Also state/local tax and your income rate.  Also AMT applies if knocks your income up higher.

Can't stress that enough.  Actual rate we will pay on gains from Illinois USA here is 20% + 3.8% + 4.975% + AMT = ~29%+  (more if you live in states with higher income taxes even)

I thought Trumps tax bill was meant to simplify taxes. What's it changed for you?

Yeah, 15% was just an example. I plan on HODL'ing.

As a relatively poor college student, my tax rate will be significantly lower.

I think my parents pay the AMT, which I have no idea why, since I thought it was meant for rich people with loopholes. The new tax bill will put an end to that, which is one good thing.

Trump tax bill will also reduce the number of income tax classes from like 7 to 3. So that's simplified.



12. Post 27369167 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.36h):

Quote from: TERA2 on January 02, 2018, 09:24:04 PM
Why is it that bitcoin, bitcoin cash, eth, and ripple are now all moving in the same direction. I thought they were antagonistic?

(1) They've been moving in the same direction this entire year, and longer.

(2) More money is flowing into the market; 670 billion is a tiny amount of money. It needs to be trillions before any major losses.

(3) There are multiple roles for coins - they need not directly compete.

Truth is, sometimes they are antagonistic, and sometimes they are not.

You still believe in $5500? How about $8000? Maybe it will happen, but first 20k at least.



13. Post 27742501 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.37h):

I predict we will see one more alt-wave, and I don't mean wave of big alts, but of many smaller alts.

People don't like how many of the top coins just plummeted and are so subject to Asian market manipulation (like Btrash and RIPple).

I personally sold all my Bitcoin before this happened (16-17k), and invested in low-ranked altcoins. Of course, they didn't fare that well during the across-the-board correction, but nothing really did.

Will buy Bitcoin again later maybe. Right now it clearly has shown that it is not going bullish anytime soon.. it had to maintain support above 16k, and there were so many sellers. What a joke of a "recovery". Anyways, it now will probably trade sideways and try to recover again for the next week at least.



14. Post 27836336 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.37h):

Quote from: bitcoinPsycho on January 10, 2018, 11:27:24 AM
btc price 10 Jan 17 $883
today $14120  I can live with that

And prices of altcoins that we 10 cents a month ago are like 10 dollars today.

Honestly, altcoins are the way to go now. I'll buy back BTC later, but it is dying a slow death for now.



15. Post 27851762 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.37h):

Quote from: fluidjax on January 10, 2018, 02:27:03 PM
The path to enlightenment...


December/January
I'm getting into cryptocurrency, gonna buy me some Bitcoin
Nah, Bitcoin is too expensive, there are these Altcoins, I'll buy me some Ripple & Tron they are really cheap and everyone says its going to the moon.
Oh, I'm gonna sell those now I fully understand cryptocurrencies, most of these Altcoins are shit, I'm gonna just get the best ones like Ethereum & Bitcoin Cash.
Look I was right Bitcoin is finished it's going down.
.
..
.
Some time later that year
Oh shit, I really scerwed that up, gonna sell all my shitcoins and get Bitcoin again.

This is exactly what I'm thinking. Fad altcoins are fads, and will fade into obscurity. TRX has no working product, and many of the others coins just have expensive looking teams, impressive white papers, big promises, and nothing else. XRP is a scam, and total supplywould easily show its massive overvaluation, as opposed to circulating supply.

On the other hand, riding up on good altcoins will work out. ETH is not a shitcoin by any means.



16. Post 27851899 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.37h):

Quote from: Paashaas on January 10, 2018, 03:47:58 PM
The vacuum of the ripple implosion is pretty amazing.   Haha, it sure is rippling the market.  You know, I almost feel bad for the people that invested in it.

Ask my boss how he feels about his Ripples  Tongue

He's already a (fiat)millionair but still believes Bitcoin is to expensive while i advised him serval times that you can buy Bitcoin for $50 and $100 etc.

Best part is that i told him i bought the dip during X-Mass....Boss: b...but did you spend $12.000? lol.

He had Bitcoin but sold all below $1000 while i strongly adviced him to HODL!

Most people here are miles ahead of the unknow, sheeps will never listen, just like talking to a wall no matter how many times you explaining it to them.



A million dollars a year will soon become the poverty-line wage. The poverty line wage today was amazing money a few decades ago.

You would literally have to make like 100 million USD in crypto to be able to retire in 40 years, and quit your job and stuff.

Not much to do with your story, but just a thought!



17. Post 27885257 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.38h):

Hey, I have a question - is South Korea actually banning *all* crypto trading?

Or is it just banning noncompliant exchanges? What is actually going on?

If someone has a link to a translated primary source, directly reporting from SK, that would be nice.


BTW, it looks like all the shitty alts (I still maintain that ETH is not a shitty alt), especially XRP, are getting destroyed. My portfolio is down by almost 20% (from its ATH), but I can't help but enjoy seeing the POP of the recent spam-coins back by nothing buy hype and empty promises.



18. Post 27951202 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.38h):

Quote from: JayJuanGee on January 11, 2018, 09:26:30 PM
Ok, so box is just geek for computer, and broadcast is just geek for send, and signing is still a mystery to me.
We do not speak the same language obviously.
How a turned of phone is less secure than a computer that you geeks run all the time is also a mystery to me.
I have no problem what so ever with having my coins on a phone, you are just way to afraid of ghosts.

two things;

You actually think a phone is ever turned off?

And no, an online computer is no more secure than a phone...that is what the offline computer is for.


I used to hold a decent portion of my bitcoins in my blockchain.info wallet that was paired to my phone.  However, when BTC prices went from about $700 to $2,500 I began to become quite nervous about how much value that represented.  It took me a little while to change around my security and to move a considerable amount of that value to off-line solutions (mostly hardware wallets). 

The other thing that I noticed was that I had some value that was fairly insecure, and I was not really thinking about it too much because maybe it had represented less than $500 during the sub $700 BTC prices period - but then all of a sudden, those funds became real value and even caused me some worry to make sure that I secured them and then ultimately transfered a decent portion of those previous "crumbs" to largely off-line solutions.

I just want to say that this represents my frame of mind too... just a little while ago, I had money that wouldn't mind throwing around, and didn't care if I lost it all.. and I just invested without a care in the world (doing due research of course, but not stressing over it that much).

Now that I have an amount which I consider actually substantial, I worry all the time about "the next 90% crash" and stuff, and losing it all.



19. Post 27954811 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.38h):

Quote from: bones261 on January 12, 2018, 04:52:55 AM


It’s a Jewish conspiracy to pay for roads, elementary school education, Planned Parenthood and cruise missiles.

Roads: Quite frankly, I think I would rather pay a toll than drive on the crappy interstates lately. I'm not sure about the rest of the country, but the highways here in Colorado are absolutely abysmal.
Elementary Schools: This is best handled at the local level. The feds need to butt out of it.
Planned Parenthood; Health care should be run by charitable organizations. Not the power hungry government nor the money grubbing for profit corporations. How the fuck do the think they can sustain making profits when the biggest consumers are either chronically ill or dying?
Cruise missiles: I have absolutely no idea why the US spends such a gross amount of the US military. Clearly, the US government is very bad at picking contracts that seem to overcharge by an extreme amount.

The contractors they hire are the ones that the special interest donors hire... the money goes in from the taxpayer pockets to the big corporations and special interests... some gets shared with the politicians in the form of campaign contributions, and the others are pocketed...

PP and the mainstream news and Hollywood have a massive network... they propagandize the children into mass consumerism and sexual promiscuity and sensationalism (which are not a "bad" thing in themselves, but the point is that now PP and tabloid magazines, fake news, and Hollywood celebrities and big malls with ridiculous prices make a lot of money - that's the point!) for their own profits..

Common core is the stupidest garbage I've ever seen.

I'm fine with roads. The roads in liberal states seem to be quite good, which is at least one of the few benefits from the massive taxes.

Slavery has always existed in the US... those in power just find ever-creative ways to implement it. On the other hand, if the human race (or US population) is too stupid and blind to see what's going on, then I guess we deserve whatever happens to us.



20. Post 27978492 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.38h):

I feel a change of mood in the marketplace. Don't know why, but I feel it there.

I honestly thought the last few days were over for crypto in the short term - that we would have a 50% or more price plummet, and would not recover anywhere near previous trading levels for a long time.



21. Post 28026800 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.38h):

Quote from: TERA2 on January 13, 2018, 04:32:16 AM
Or what if these arent dumps due to FUD but are actually retracements from the pump

They are.. still have people who bought at the top waiting to dump their coins and get out of crypto when the price goes high enough...

If you don't believe the "whale game", then I think the drop starting at 17k was due to a lot of those people selling their coins. Mainly newcomers thinking they'd get rich quick who want to quit at a lower loss.

I know some personally.



22. Post 28104795 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.38h):

Gold and Silver are two of the most heavily manipulated commodities in existence, especially if you live in the US.

They haven't even done well (they've done terribly) against holding the USD at 0% interest.


Bitcoin becomes money if people believe in the Bitcoin brand, it being the first coin. Limited supply and fungibility? Check.

I've always wondered why the Bitcoin price, despite technological inferiority, rose so much recently. It's not just because Bitcoin is constantly changing, but rather that people believe in Bitcoin for itself, and its history.


The only thing that Ag and Au have for them are the facts that they have endured their value as money for a long long time. They are highly overvalued compared to their utilitarian use value.

So, as Bitcoin survives more and more, it will further fulfill its role as money.


There is just one big BUT: Unless something comes along that threatens Bitcoin's security - just like alchemy would destroy the value of gold, quantum computing or other threats could potentially destroy Bitcoin.

These threats just need to be adapted to, and things are fine. There are obviously more threats to Bitcoin than to the precious metals... but Bitcoin has survived a lot.

I read r0ach's blog, and it's just like a broken clock thing... eventually you will be right.. but at what cost?



23. Post 28409994 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.39h):

I truly experienced the meaning of "buy when others are fearful" during this correction. A real lesson.



24. Post 28446985 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.39h):

Quote from: realr0ach on January 19, 2018, 05:00:54 AM
The jews are in fact a problem, and there is no good solution to it. Wiping them out would be wrong on a moral basis because they are simply trying to survive, but that doesn't change that they are actively undermining our culture to our detriment.

If you let them stay, they form a state within a state of your host nation through extreme nepotism, and then practice subterfuge against the very people who let them in while trying to economically enslave them.  No nation survives an enemy within the gates.  Other groups practice nepotism as well, but that nepotism usually stops at something like creating a family business.  The Jews are entirely different.  They have a set of fake religious doctrine originating from the Pharisees that claims they're "god's chosen people" and the "goyim" are supposed to be their slaves, and that's exactly what they attempt every single time.

You see, the middle east has always been a shithole obssessed with slavery.  Even during the Roman days when white slaves held by white slave masters were big, the semites were still the biggest slave traders around.  Judaism is nothing more than an evil cult with origins from this antediluvian period.  It's no coincidence that usury is just an obfuscated form of slavery in practice.  That's just the Jew's attempt to refine his semitic-based slave trade.  It's all these people know.  They've done it for thousands of years now.

If you kick these people out of your country, like people have done over 100 different times now, they simply reorganize in a new country, infilitrate it's economy, media, and institutions, then attempt to trick their new hosts into waging war to enact revenge upon you.  They're trying to do it to Russia as we speak.  This is the basis of the so called final solution.  You have to wipe out this evil cult completely or they'll cause endless war and death for every country on the planet.

What is your plan for wiping out the Jews? Try another Hitler?



25. Post 28447026 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.39h):

Quote from: TERA2 on January 19, 2018, 05:07:35 AM
Lightning will destroy many alts Kiss


Lightning is an alt. What's the difference between using xlmg and using dogecoin?

DOGE is good because of pop culture and memes, not because of tech.. so it has more legs to stand on.



26. Post 28472905 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.39h):

Quote from: luckygenough56 on January 19, 2018, 12:50:18 PM
that's exactly how i present crypto to people, as a lottery with benefits. Nothing more, nothing retardly idealistic, just plain stupid speculation.

But it's a lot more promising than those rigged traditional lotteries, that's for sure.



27. Post 28634946 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.39h):

Crypto taxes are unenforceable, period. Anyone who is bending over backwards to try to do taxes should just stop and do the easy thing.

I recently just realized that Cryptopia not only allows you to withdraw coins while remaining totally anonymous (I know that Bittrex holds your coins until you verify identity), but also I think they delete your transaction history past 24 hours or something (I can't find my transaction history, which probably has tens of thousands of transactions, if not more).

What's to stop someone from just sending coins to some random/new fiat account, then cashing out? What are they going to do? Go through all of the stuff, when it's not even incriminating or suspicious?
Knowing the US government, I doubt that they wouldn't try, but it's just not practical, especially with the inefficient bureaucracy.

Not recommending breaking the law if you can avoid it, but if you started trading a month ago even, it's practically impossible to pay correct taxes, especially with this new tax act.



28. Post 28634995 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.39h):

Bottom line, any tax problems with crypto are the government's own doing to itself to try to exploit people.

They have no power except for intimidation - if you can do taxes, then do them, but if you can't, well too bad.



29. Post 28640623 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.39h):

Quote from: JayJuanGee on January 21, 2018, 08:16:37 PM
As I see it - whales do money if it is dipping, and if it is going up Embarrassed

There is no exchange with my fiat that I could win in daytrade.


I bought btc back but I see it will dip for sure - but at my exchanges there is so low volume and bot manipulation that even If i sell and buy back at night when it will be low - still I wont be +

And no one here have shown me any good reason/evidence that Hodling = winning

If you holdl from january 2013, you make about a 1000x in 5 years.

This is a good reason/evidence.



So you want to say that Bitcoin will never drop? Please in whole history of stock - find me company or anything that never ever dropped? Please


Sorry but I am not rich - no one gave me anything. Right now I will try on 0.175btc and HODL not looking on the price. If it goes up for uptrend I buy more. If it goes down - oh well that wasn't so much.

Maybe you have just described why you are such a fucking loser?

You are too scared, you lack confidence in bitcoin and it looks like you engage in the opposite practice of what you should be doing.


You seem to be buying on the way up and selling on the way down.   Instead you should be buying on the way down and selling on the way up.  

I actually do this, but I don't understand why "buying on the way down, selling on the way up" is better than vice versa.

Right now, I keep a base/starting value (edited occasionally) for some of my coins, and if the price increases by "x" amount, then for every "y" increase after I sell "z" percentage of my gains at market value, and "z" depends on bull or bearish sentiment that I feel.

Similar principle for buying on the way down.

Why is this better than doing the other way around though?



30. Post 28713206 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.39h):

Thanks JJG for your thorough answer on selling on the rise and buying on the decreases!

I am also in an accumulation phase right now. The bottom line for me is that I'm long-term for this market, and my goal is just to accumulate as much coin as possible, despite price movements (though it can seem quite fruitless when your portfolio value drops in the short term, despite your accumulation).



31. Post 28713340 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.39h):

As for 10k, I don't think that's important, and I don't really fear for the short-term of this market.

Has Bitcoin Wanga ever made a public, decisive claim (in this case, very lowest at 8k, then going up a lot) and been wrong?

He called the 9k bottom very accurately, when a ton of other people were saying 10k as the critical level. He's even advising everyone to buy anything under 10k.

Sounds pretty confident to me.. and since I can't read this market, and hold a few BTCs that I don't intend to liquidate at a loss compared to ATH, that's good enough for me.



32. Post 28764304 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.39h):

Quote from: Lopumbo on January 23, 2018, 04:31:30 PM
11k broken. First sign of life or a passing illusion?

BTC dips (again) below 10k$...10min later...100M$ Tether printed...price rices unnaturally by ~10% within minutes...can't explain that

Tether isn't a problem. All dollar bills printed have nothing backing them. There doesn't exist a single bank that could pay fiat to their customers if they all demanded it at once.

The lack of reserves is hardly a concern, since prices are dropping due to wall street manipulators trying to make their shorts work as best as they can.



33. Post 28766617 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.39h):

Quote from: suspiciously square on January 23, 2018, 04:58:23 PM
11k broken. First sign of life or a passing illusion?

BTC dips (again) below 10k$...10min later...100M$ Tether printed...price rices unnaturally by ~10% within minutes...can't explain that

Don't you think that the South Korean government announcing it won't close the Korean bitcoin exchanges might have something to do with it? The price crashed when the South Korean government announced it was considering closing the Korean exchanges. Is it just coincidence the price is going up after it announced its changed its mind?

This is critical too. In a weeks time, new non-anonymous Bitcoin accounts with banking will be allowed. Tether isn't the only thing going on.

South Korea was never banning Bitcoin, only getting rid of the anonymity.

I have a feeling that, after this Friday, with CME shorts closed (and perhaps whales pumping BTC to prepare for another short), and the South Korean regulations clarified, that the BTC price will finally lift off for real.

That would be consistent with the historical charts, at least.



34. Post 28780135 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.39h):

Did people actually get scammed in Bitconnect? I feel as if very few people actually bought any in the first place.



35. Post 28784877 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.40h):

Quote from: RayX12 on January 23, 2018, 11:03:11 PM
Seems like fees have collapsed.

This makes me believe that the big spammers are now getting hurt by low BTC prices and want to contribute to the price recovery!

Funny how Bitcoin Cash suffered much worse than Bitcoin during this alt-coin collapse.



36. Post 29053753 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.40h):

Quote from: RealMachasm on January 27, 2018, 08:29:35 AM
One thing that I haven’t fully understood with BTC price fluctuations I am hoping someone might have some theories on.

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

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

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


My explanation for large price fluctuations is that a lot of Bitcoin money is thin-air money. Unlike gold/silver/oil, or "standard" commodities, whose prices are dense due to a lot of buyers willing to buy at or just below market price, there are few buyers at the market price for Bitcoin and other cryptos.

I think I did a calculation that if 1% of all BTCs were sold at once, then that would tank the price by like 10-15%.
You don't see that with very established commodities though (at least I don't think you do).

I could be wrong though.



37. Post 29059301 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.40h):

Quote from: realr0ach on January 27, 2018, 06:20:34 PM
By the way, I don't think calling the races of dark skinned people monkies will win many friends either. Knock that on the head my friend. .  

well apparently he won you as one , eh?

It's a good strategy when you have groups of people attempting to act as "white people stalkers" to follow them around and act as parasites on them.  Whites and asians seem to build the best civilizations, while most people regard white women as looking the best.  So the monkeys try to get into the white civilization to displace the white inhabitants and take their stuff + women.  You would need to be a super cuckold to want that to happen, so it seems like a good idea calling them monkeys to let them know they're not wanted to keep them out.  

Keep posting - it's actually refreshing to see comments like yours, since they are removed from facebook or twitter for being "hate speech", while the radical left advocates for violence against groups they don't like by playing victim.

I can't agree with your statement, since in the US, blacks were brought as slaves against their will, but I find it still more truthful (migrant crisis and forced multiculturalism, as examples) than the radical left's insanity.



38. Post 29075327 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.40h):

Quote from: Biodom on January 28, 2018, 04:05:17 AM
$200 spread now between GDAX and Bitstamp & Bitfinex. Kraken and Gemini are finding middle-ground.

WTF Coinbase ?!

Y'know, it always feels like a fkn week or two can't go by until some other FUD with Bitcoin starts to brew. It's like we can't just have a normal market, they have to keep playing these fucking games all the fkn time.

I'm already bracing for it.

Could be a benign explanation.
Excited students talked to their folks to buy bitcoin during Thanksgiving and/or Christmas.
Mom and pop went to Coinbase and bought right around the top, then saw their holdings halved.
Then they did not sell at a first rebound around 16.5K.
Now that it rebound a little from recent bottom, they are rushing to sell, especially if they also lost on Ripple bought a week or two later.



But how many people actually bought Bitcoin at the top, or XRP at the top?



39. Post 29075579 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.40h):

Quote from: True Myth on January 28, 2018, 04:26:39 AM
But how many people actually bought Bitcoin at the top, or XRP at the top?

Well... for every seller there is a buyer so...

True. I wonder how many of those people were dumping at ~11k or even ~9k in the past week.



40. Post 29076483 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.40h):

The price holding steady and in fact increasing over the weekend confirms manipulation.



41. Post 29157691 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.40h):

Quote from: jojo69 on January 29, 2018, 09:10:35 AM


just like ETC is the original Etherium

Ummm no.  ETC actually is the unforked version. I think a letter to the NIST is in order.

that is what I said, yes, ETC is the original chain

Yeah, ETC is actually "Ethereum Core". But effectively it's the primary Ethereum version because they had to deal with the hacking somehow.



42. Post 29231185 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.40h):

Quote from: Asrael999 on January 30, 2018, 10:18:22 AM

Edit:  great buying guys !  Bottom of the wedge !!  ....  /hide

Or about to take a dive  Sad

Edit: On another note, the market looks like the only buys and sells are from short term traders trying to make a few bucks. It seems demand from new entrants or long term investors has completely died off. I can see this on my local exchange vs the overseas ones. 2 months ago there was a 10% difference in price, that has now dropped down to <2%. Not good, this massive drop in demand.

The whales are letting the market to cool off after their pump and dump. Calculating profits  Grin As soon as they're sure all weak hands are out they'll pump again.

We aren't even close to the weak hands being forced out yet. This is shaping up to be another 2014/15. Put the screens down and check back in two years

Why do you say that?

I think that any weak hands would have been forced out long ago, when the price dropped to 9k.



43. Post 29253306 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.40h):

Quote from: gentlemand on January 30, 2018, 03:37:43 PM
This is reminding me of the $800 phase in early 2014. I'd prefer a violent plunge to rip everyone's baby blue panties to shreds and then we can get down to business.

I think we've pretty much hit the bottom. For those who bought at 18k, expecting to get rich quick, a drop to 9k is more than enough shock to shake those people off.

Transaction costs are also no longer an issue, and speed is up. FUD is down too, since South Korea just added some regulations. We just had over 50% correction. A larger correction makes no sense since the run-up was nowhere near as sudden as back in 2013.

Just scooped up some more BTCs near 10k. Have a bit left in reserve to buy if it drops to ~8k.



44. Post 29277204 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.40h):

Quote from: Last of the V8s on January 30, 2018, 11:32:55 PM
@GENIC0N

2032: Bitcoin is illegal in 307 of 40000 countries

 Wink


Judging by how globalism is going right now, I won't be surprised if we have only 1 country by 2032 - a one-world government. (A "democracy" ruled by the big bankers and elites, of course, behind the scenes, with Bitcoin and all cryptocurrencies banned)



45. Post 29280150 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.40h):

Quote from: toknormal on January 31, 2018, 01:51:44 AM

I think I might reverse my earlier assessment of it going back to 1k.

This is looking increasingly like one of those "propellor overheat" corrections on a humungous scale, which means we're still in a heavy bull market. I've seen this so often now, not just in bitcoin but in altcoin markets as well. See this post for background:

http://bitcointalk.org/index.php?topic=178336.msg17475939#msg17475939

The problem is, the correction's just far to sharp and deep for it to be the start of a long term bear market. What's happened is it got overheated in December, then the bubble popped. Then shorters took control and it gets oversold. Then the short bubble pops and it generally ends up halfway up the retrace where it stabilises. So that would be around $13,800 if it spikes down to, say $8800.

If it really was the start of a long term bear, what usually happens is you get a bubble popping to, say 30%, 40% retrace, then a slow build up over a couple of months, then lower highs from there on for 6 months to a year. This isn't like that. It's a perfect bitcoin overheat retrace type correction (IMHO that is).

Lets see what happens when the shorts close and re-assess as we're getting into oversold territory at increasingly long ranges now. RSI is confidently oversold at all ranges up to the 6 hour already, 12 hour is just entering and 1, 3 day are not far off.



Here's a close-up of that "propellor" correction pattern I was referring to earlier.

2 of them compared. Now go back and see them in context of that other big chart and a somewhat informative picture starts to emerge.

This is a very interesting way of looking at things.

So basically, you are saying that we are now at the bottom pretty much, since the first "pop" was the initial one, and the drop now is the big one, when the price will increase?

How is this different from Elliot Wave Theory, and why do you think this pattern occurs?



46. Post 29280350 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.40h):

Also, for your "propeller" graphs, and the price history, it seems that after each correction, the new top is about 2.5x - 3x higher than the previous bottom.

In that case, if 9k really is the bottom, then we should be expecting BTC/USD around 25k in the next few months. Is that what you're predicting?



47. Post 29285107 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.40h):

Quote from: TERA2 on January 31, 2018, 04:37:41 AM
Pop quiz: Convince an average low/middle class fiat-loving law-abiding person that they should use bitcoin without talking about its price or making profit by trading it.

The people you've described tend to be very very stupid, or at least simple-minded. Sheep in general. They believe that government and establishment will help them out, if they only vote for the right politicians.

They think that the best way to make money is to put it in a bank and lose 3% purchasing power each year, despite interest, or to invest in some conservative mutual funds which won't make them any real profit until they die - at least they can pass it to their children... after a hefty tax.

Or maybe they just love being slaves.

EDIT with regards to your quote - if these people are fiat-loving, then you'd have to change that first. For them, Bitcoin offers no benefits because they love the government and idolize the leaders of their political philosophy in government.
Of course, these same leaders will dump them in an economic crash and tax them into oblivion.



48. Post 29286143 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.40h):

Quote from: Ibian on January 31, 2018, 05:09:33 AM
Pop quiz: Convince an average low/middle class fiat-loving law-abiding person that they should use bitcoin without talking about its price or making profit by trading it.

The people you've described tend to be very very stupid, or at least simple-minded. Sheep in general. They believe that government and establishment will help them out, if they only vote for the right politicians.

They think that the best way to make money is to put it in a bank and lose 3% purchasing power each year, despite interest, or to invest in some conservative mutual funds which won't make them any real profit until they die - at least they can pass it to their children... after a hefty tax.

Or maybe they just love being slaves.

EDIT with regards to your quote - if these people are fiat-loving, then you'd have to change that first. For them, Bitcoin offers no benefits because they love the government and idolize the leaders of their political philosophy in government.
Of course, these same leaders will dump them in an economic crash and tax them into oblivion.
I think the proper technical term is agreeable. It's not something you choose. Just like we didn't choose to be disagreeable.
In my experience, most of these "agreeable" people become very aggressive, and call Bitcoin a "scam" etc.

The most common concern I hear is that "Bitcoin is not controlled by anyone, therefore it's too risky". I'm not kidding.



49. Post 29290566 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.41h):

Quote from: TERA2 on January 31, 2018, 06:48:07 AM
Pop quiz: Convince an average low/middle class fiat-loving law-abiding person who doesnt believe in a failing or fraudlent banking system that they should use bitcoin, without talking about its price or making profit by trading it. Present what benefits they will reap by using bitcoin as opposed to banks, VISA, google pay, venmo, etc. Anything besides capital gain?


You are presenting false parameters in your shilling argument, tera beara... bitcoin is not merely meant to serve as a payment system, even though it may well accomplish such common use in that direction in the future, perhaps, but not necessarily in order to still have value and utility.

Yeah, if you create your own strawman, then you can more easily make some dumb -ass pie in the sky argument, that is not connected with reality.
If you are saying there are false parameters, you must be admitting bitcoin is only for overthrowing the fed, committing crimes, and/or making a profit... (or overthrowing the fed so you dont have to taxes on the profits)

Which of those payment methods are you in control of all your own money?
Gpay, VISA, Venmo: all built on top of the banking infrastructure, who hold your money and issue you IOUs. Replace banks with bitcoin, which is in your control.
What percentage of people ever have issues with control of their bank account? (mostly criminals)
What percentage of bitcoiners get their wallets hacked or coins lost?
What percentage of bitcoiners will get their wallets hacked or coins lost when they are average people?
Does the average person even have anything to lose? It's mostly just in and out paycheck to paycheck

(1) Your bank is fractionally reserved, and they make a killing by lending off your money while giving you negative return (due to inflation, another big problem with fiat and the Fed). Do you think that a central authority printing whatever they want to is a good thing? In 30 years, a millionaire salary will be the poverty wage as a result of this.

(2) Probably very few who are careful... funny how this credit company was hacked, and hundreds of millions of people had their info stolen by middle-east hackers recently. The executives sold all their shares a month in advance of course.

(3) Better be careful then.

(4) Do any of us have anything to lose? But I agree - they should take action if they are not satisfied financially.



50. Post 29350933 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.41h):

Quote from: JayJuanGee on February 01, 2018, 01:14:30 AM
This constant downward compression we've had since 1/17 really feels like an attempt to wring out every last bit of weak hands.

Mission accomplished?

I would think , they that really cannot handle the pressure are out off most of there money is out for the rest more and more starting too know how the market works or trying to believe “ i know iT Will go up because iT allways do” offcourse Many of them bought in lately or even @ +12-13-14k.... and Just really don’t know what BTC is or the market or anything but Just got in by friends like i have with a few of my friends .... and they Just want to act strong “i know it Will go up again” but meanwhile sending textmessages like whats happening you know something... blabla i Just say keep hodling..... they say offcourse price Will go up for sure.... then i ask Why do you think that?? And again they say because iT allways does while they really don’t know anything about iT , but for these peoples that or still here and even losing money now i think they Will stay on BTC because they seen friends making money and want the same thing and are losing know and Just think WTF there’s No way back anymore ( offcourse those friends like these are smaller investors trying to get rich ).  But for what its word i think the really weak and scared should been out most of them not??

I see this too. Even in myself as I am also a "late investor".  I started watching and learning about bitcoin early 2017 then finally started buying in mid 2017.  That being said, I am a believer and a hodler now. I continue to learn and read up but, still consider myself a noobie. I think there are lots of others just like me. I think the believer and hodler foundation of bitcoin was greatly added to in 2017.


My sister has been a little bit irritating in regard to these hesitancies about bitcoin (buydl, hodl or sedl).  I told her and her husband about BTC in late 2014 at around $385, and I sent an initial $10 in BTC - through Circle.  They were naysaying me for more than a year while proclaiming that their $10 was worth less than $10, and then a bit more than a year later(in early 2016), I sent them another $30 in BTC when the price was around $420.  

They continued to naysay or go in a form of radio silence, and may have even sold most of that initial $40 before the prices went above $1k... which would have been around late 2016.  Remember some of the Circle going out of the buy/sell business, and stating all or nothing to customers to withdraw their BTC or to cash out... I think that they cashed out.. for easiness.

Anyhow,  she and her husband bought around .5BTC in the $3,500 arena, which would have been August/September without saying anything to me until the price was in the $15k territory - maybe late December, and I think when the price was coming down from $19k, rather than when it was on the way up.  At some point, my sister said that they were planning to buy another .5BTC "when the price goes below $10k".. but the price has gone below $10k at least 3 times in the past couple of weeks, and they have been hemming and hawing regarding reasons NOT to buy and even spout out various bearish mainstream media talking points, as if the mainstream media were the experts on bitcoin price dynamics and valuation merely because a bunch of them are saying the same things.

O.k whatever, I can only hold their hands for so long and to attempt to demonstrate how much misinformation is out there about bitcoin, including asserting that a lot of the same talking points have been made for more than the past two years, but BTC prices went up in spite of the supposed experts calling bubble since $250  - go figure.

I remember when I was taking online chess lessons in 2016 from a Serbian chess master - prices were super cheap because Serbia, but Paypal didn't work.. also because Serbia. He would only accept Bitcoin.

My parents were extremely skeptical of the whole Bitcoin thing, but I ended up getting like $100 in BTC back then for lessons.

I started investing the little $ I had in BTC on Coinbase, and asked my parents for a loan, which they refused.

I kept asking them again and again, after doing more research, since I thought it would be obvious to anyone that Bitcoin would be a big deal in the future, but they refused.

As Bitcoin hit $1000, and kept going up and up, they were still skeptical, even up to until it hit $10k in like November or around then.

However, a week or so before the China ban, they gave me $6000 to invest in crypto, which dropped me quite a bit, and they were calling it "the end for Bitcoin" since China banned it.

Of course, we know what happened, and I made a great deal of money from it - much more than any college kid working full-time slavery to pay the bills.

The funny thing is that when Bitcoin hit ~14k on the way up, THAT'S when they FINALLY decided to invest a large amount of money into it - like $50k in total, which is a sizeable portion of their overall investment portfolio.

Of course, everything just went down after some excitement, but my parents aren't worried at all, because now they finally think that Bitcoin and other top cryptos will prosper in 2018, when things recover. They are even buying more at the dips.

Of course, I also believe in the imminent recovery and 25k+ target for the next wave.

I just find it funny how human psychology works...



51. Post 29351976 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.41h):

Quote from: User705 on February 01, 2018, 01:59:14 AM
...

I remember when I was taking online chess lessons in 2016 from a Serbian chess master - prices were super cheap because Serbia, but Paypal didn't work.. also because Serbia. He would only accept Bitcoin.

My parents were extremely skeptical of the whole Bitcoin thing, but I ended up getting like $100 in BTC back then for lessons.

I started investing the little $ I had in BTC on Coinbase, and asked my parents for a loan, which they refused.

I kept asking them again and again, after doing more research, since I thought it would be obvious to anyone that Bitcoin would be a big deal in the future, but they refused.

As Bitcoin hit $1000, and kept going up and up, they were still skeptical, even up to until it hit $10k in like November or around then.

However, a week or so before the China ban, they gave me $6000 to invest in crypto, which dropped me quite a bit, and they were calling it "the end for Bitcoin" since China banned it.

Of course, we know what happened, and I made a great deal of money from it - much more than any college kid working full-time slavery to pay the bills.

The funny thing is that when Bitcoin hit ~14k on the way up, THAT'S when they FINALLY decided to invest a large amount of money into it - like $50k in total, which is a sizeable portion of their overall investment portfolio.

Of course, everything just went down after some excitement, but my parents aren't worried at all, because now they finally think that Bitcoin and other top cryptos will prosper in 2018, when things recover. They are even buying more at the dips.

Of course, I also believe in the imminent recovery and 25k+ target for the next wave.

I just find it funny how human psychology works...
Literraly the riskiest way to do it.  Why not average into it?  You’re going to have an interesting conversation with your parents if it drops to low single Ks.

I mean, after they gave me the 6k, I was content, since I felt that was a reasonable amount for someone like me to use for such a promising investment.

I had no idea that they just woke up one day and decided to invest 50k over a week. But yeah, quite risky.



52. Post 29358400 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.41h):

Quote from: Lopumbo on February 01, 2018, 05:28:07 AM
The New York Times: Worries Grow That the Price of Bitcoin Is Being Propped Up

More fake news.. we just had a 50% drop... the only "fear" of price manipulation is manipulation downwards.



53. Post 29363998 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.41h):

Quote from: PoolMinor on February 01, 2018, 07:13:35 AM
https://www.flippening.watch/

ETH slowly but surely seems to be overtaking BTC, will that money flow back into BTC?

ETH and XRP are both centralized, not important to worry about what the market cap is on those.

Edit: BCH on the other hand might be worth watching and at least hedging against a "flippening". If/when BTC takes it's next drop to $7500 I would wager that it(BCH) finds some traction.

Agree with the first statement. The second...? BCH is done for. When Bitcoin drops, BCH drops even harder, as we've seen.

Lightning network may centralize Bitcoin, but Bitcoin Cash is already beyond saving from that perspective.

The pitch to new investors (where price appreciation to 25k is going to come from) that Bitcoin Cash is the "real" Bitcoin (the only possible reason why people would choose BCH over other centralized currencies with lightning fast speeds) makes no sense to anyone who hasn't been in this thing for at least a few years.

And I'm pretty sure that most old-timers believe in core, not cash.



54. Post 29372216 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.41h):

Volume is dipping, as is the price. Isn't that bullish?

(Anyways, as far as I'm concerned, it's a bull market unless it hits below 8k)



55. Post 29372341 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.41h):

Quote from: realr0ach on February 01, 2018, 08:25:51 AM
The pitch to new investors (where price appreciation to 25k is going to come from)

It's not too late to tell your parents to buy physical silver instead.



Ouch...



56. Post 29379183 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.41h):

Why are people panicking so hard?

*Tether's valuation isn't nearly enough to cause a major disturbance in Bitcoin price - rather it's the FUD generated from it that self-fulfills it.

*The price is still above the bottom a week or two ago, and still well above the support level of 8k-9k.

*The price is still up way higher than almost anyone thought it would be just a few months ago... and one of the few people who predicted the high price also predicted these lows, and then predicted moon afterwards.
This person also predicted the 2 year bear at 2013.

The fake news and FUD generated by the media is made to make people fear Bitcoin. The Tether situation is a total non-issue - it's in fact exactly how the US banking system works, except not quite that corrupt.

In the worst case, the US dollar will probably implode faster than Bitcoin does... and so the price will go up!



57. Post 29380114 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.41h):

Quote from: toknormal on February 01, 2018, 12:14:57 PM

Why are people panicking so hard?

*Tether's valuation isn't nearly enough to cause a major disturbance in Bitcoin price - rather it's the FUD generated from it that self-fulfills it.

Valuation (in terms of marketcap) doesn't really have much to do with its ability to manipulate the market. Most of bitcoin's supply isn't on order books whereas Tether's only reason for existence is for trading - it certainly isn't a store of value. You could therefore drive the price to astromoical levels with only a tiny portion of bitcoin's marketcap if you have control of whatever liquidity is being used to purchase it and get it onto order books.


I understand this.

Nevertheless, the 1-2% of Bitcoin market cap that Tether encompasses could only drive down prices by 10% probably.

Express.co.uk was saying 30-80%. Not surprising, given that they're one of the worst FUD sites of all, but that's just extreme.

The issue shouldn't be a big deal, basically. Not nearly as big a deal as others are making it out to be.



58. Post 29380490 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.41h):

Quote from: Lopumbo on February 01, 2018, 12:27:07 PM
I understand this.

You clearly do not  Cheesy

You clearly don't Cheesy

Draw an extrapolation. I've done this, and if 2 billion USD were suddenly dumped (say Tether value is 0) then the price would probably decrease by about 10%.

Anyone claiming 30% or higher is a FUDster, trying to get cheap coins or blow something out of proportion.

Seems to be working, sadly.



59. Post 29380817 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.41h):

Quote from: PoolMinor on February 01, 2018, 12:33:11 PM

The issue shouldn't be a big deal, basically. Not nearly as big a deal as others are making it out to be.

You may be right. I'd sure feel a whole lot more optimistic if that were true.


It is obvious that Enjel still doesn't understand the ramifications of the Tether asset and what it represents beyond its market cap.


I suppose Charlie Lee doesn't either? According to him too, price of USDT goes to 0 if unreserved. Bitcoin market takes a minor hit, goes on. (Actually he thinks it will not be impacted at all... unless people believe the FUD).



60. Post 29381282 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.41h):

Quote from: Lopumbo on February 01, 2018, 12:34:01 PM
I understand this.

You clearly do not  Cheesy

You clearly don't Cheesy

Draw an extrapolation. I've done this, and if 2 billion USD were suddenly dumped (say Tether value is 0) then the price would probably decrease by about 10%.

Anyone claiming 30% or higher is a FUDster, trying to get cheap coins or blow something out of proportion.

Seems to be working, sadly.

We've seen in the last 3 weeks that 15-20 Million $ are enough to move the market by 7-10%. Look at the past "pumps" at 10k$ and the needed volume.
Dumping 2 Billion would crash BTC to 3 digits...

I'm sorry, but this is SO INCORRECT.

Here's why:

Check out GDAX. 2% of the volume (just to be generous). Right now 70 million USD of BTC can be sold down to 7000 USD/BTC.

Multiply that by about 50, and you get 3.5 billion USD of Bitcoin, more than 2 billion.

So across exchanges (not just one exchange! Who cares?) Bitcoin wouldn't even drop to 7k if 2 billion were suddenly dumped on it.

Your claim that Tether would drop BTC to triple digits is so mistaken, it's ridiculous.

BTW, we also know that after massive dumps, buy orders quickly accumulate back again. I'd guess around 8k.

So that's how I come to the conclusion that USDT, WITHOUT FUD, wouldn't even drop the Bitcoin price 15% if it were truly priced in at total fraud.



61. Post 29381946 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.41h):

Also... he claimed that 15-20 million could pump the market up by up to 10%....

Tell me how buying ~2000 Bitcoins will pump up the whole market by 10%...? It would barely do that on one exchange.

We're not Mt.Gox anymore - there are tons of exchanges. If one actually goes down for some massive scandal, who cares? Just trade somewhere else!

I'm assuming that you could only possibly be talking about Bitfinex. I'm talking about Bitcoin, however.



62. Post 29382500 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.41h):

Quote from: PoolMinor on February 01, 2018, 12:54:21 PM

Also if everybody were to exit Tether, price of BTC should rise not fall..... Unless Tether are not only "unbacked" by real USD but backed by other cryptocurrency assets including BTC... then they would be the ones that are selling to maintain the peg of of $1 USD. If that were the case I hope they end up in jail.

It's not that people would exit Tether, it is that the price of tether against US dollar would be worthless after a reveal of no (or lack of) backing.


How many worthless Tethers would it take to buy a BTC?

The USDT is partially backed, is it not? I'm sure they have a few hundred million in there at least...

...so I honestly don't get what the problem is... most people are not going to ever cash out their USDT - it's called Tether for a reason. Even 100 million reserve should be plenty.

The whole banking system is fractionally reserved, so why should USDT be such a scandal?


I feel as if people are acting as if they *should* believe something, not because it would be truly catastrophic.



63. Post 29390909 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.41h):

Quote from: strawbs on February 01, 2018, 02:14:59 PM

It's a propellor overheat correction.

It'll hit around 8500 to 9000 and then start to work it's way back up to the spinner at around $13800 over a period of 3-4 weeks.


"a propellor overheat correction" - that's a new one  Cheesy

It feels to me like it's just an Elliot Wave like correction.



64. Post 29392910 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.41h):

Quote from: realr0ach on February 01, 2018, 03:23:00 PM
Roach Defeat the Nazis.. Dump Silver for Bitcoin.

In other words...you're saying bitcoin is a Jew scam...and you should buy silver to defeat the Jews.

Are the Jews allergic to silver? The way you said that made it seem so.

(As a note, my parents are pretty heavy Silver investors, which I recommended too. Silver is a good long-term hold, and statistically speaking, based on supply for instance, I think it has much better prospects than gold, given current prices.)



65. Post 29413516 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.41h):

Quote from: realr0ach on February 01, 2018, 05:26:17 PM
The pitch to new investors (where price appreciation to 25k is going to come from)

It's not too late to tell your parents to buy physical silver instead.



Ouch...

That happened in my old hometown (Malmö) the other day. She was groped by an immigrant in a nightclub called Babel and slapped the guy. Later when she was going home the guy waited for her outside and smashed a bottle in her face, bystanders intervened but the guy got away before the police arrived.
That's one of the reasons I moved to another town.

If you think about it, it is a very bitter irony for several reasons.  First of all, it was ENTIRELY women holding up "refugees welcome" signs.  This is because human females are just like any other female mammal.  A female whale will make whale sounds to try and attract males to them.  The female whale then refuses to mate until there's only one male left - in other words, pretending she is the prize and the male whales are expendable and have to fight each other to the death for her.

The female human is essentially doing the same thing.  She wants the largest pool of human males possible to compete over them.  They don't care about any problems she causes by doing so, even if it destroys the entire civilization in the process.  They are primitive creatures subconsciously driven by Freudian instinct and all that matters is their reproductive strategy of getting as many males as possible to fight over them.  The more people that die in the process the better, because that eliminates supposedly weak genes.

When the good team of WW2 (the Nazis) defeated the French simply by walking around the side of their miles long trench, the French women immediately started flinged themselves at the Nazis and going on dates with them, abandoning their native Frenchmen.  Women literally just invite in invaders as part of their reproductive strategy.

But, this is where the funny part happens.  These cavemen from Iraq have foiled not one, but BOTH of women's schemes:

1)  The act of putting on lots of makeup, dressing in revealing clothing, and presenting themselves as sex objects while demanding men meet hundreds of conditions (exploitation) and give them resources (prostitution) to gain access to what they are advertising - FAIL.  These monkeys from Iraq just walk up and rape them, thus instead of the woman exploiting the man, the woman's scheme completely backfires and she is the exploited one.

2)  The woman also wanted all the men to fight to the death over her to leave only the good genes for mating.  This strategy has also completely failed.  The fact the govts are occupied by Jews legislating Marxism makes the risk/reward ratio for gunning down muslim invaders in the streets very unrewarding for the man, so they're obviously not going to play that game.  The woman then gets raped by some random janitor with bad genes from Somalia and loses again!

This is why Jews are always pushing propaganda to "empower women", because it's the fastest way possible to destroy a (white) civilization.  Women do not build civilizations.  When you look outside your window, literally every single brick was put there by a man.  It's like allowing a dog to drive a car.  If matriarchy was a viable model for humans, evolution would have already created it.  Hundreds of thousands of years of evolution deemed it unviable.

WTF has this this got to do with bitcoin?  Consider yourself permanently ignored, dickhead.

Someone can't handle the truth.  You can take your self destructive matriarchy and shove it up your ass.





I have to say though... supporters of mass refugee migration were all women (and the "nice guy" men), but not all women, not even close, support mass refugee migration.

The truth is that very few people actually go out to protests. The "vocal minority" makes social culture toxic in a democracy, since your alter-ego strengthens and restricts your freedom of speech/action.

I would say that, for instance, with regards "the matriarchy", that very few women are *true* feminists - many would call themselves a (modern) "feminist" if you asked, but most have a large degree of common sense, and aren't totally miserable.



66. Post 29413693 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.41h):

Quote from: pera on February 01, 2018, 09:34:52 PM
ok

I'll say it :

Who sold at bottom ?


the bottom was 10k

And before that it was 12k, and before that 14k... and now it's 8k?

It's almost like selling at the "bottom" could be actually a good strategy Tongue

The "bottom" was around 9k, I claimed. Our little spike down to 8.5k met with very heavy resistance at high volume, which is a good sign.

Support level still sticks at around 8-9k.



67. Post 29414658 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.41h):

Just to be clear... HODLers of the 2013-2014 crash aren't really worried about this, right?

I mean, you guys took a 90% hit, kept accumulating more coins, and eventually the price recovered and boomed.

I personally don't have any fear. Picked some up at 8.5k, looking to see what will happen next.

Hasn't even breached key support yet. Masterluc's graph shows 8k as a possible bottom. We'll see where the bounce takes us.



68. Post 29415663 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.41h):

Quote from: HairyMaclairy on February 01, 2018, 10:24:09 PM
Just to be clear... HODLers of the 2013-2014 crash aren't really worried about this, right?

I mean, you guys took a 90% hit, kept accumulating more coins, and eventually the price recovered and boomed.

I personally don't have any fear. Picked some up at 8.5k, looking to see what will happen next.

Hasn't even breached key support yet. Masterluc's graph shows 8k as a possible bottom. We'll see where the bounce takes us.

I bought at $750 and saw lows of $120.  Bitcoin is not going anywhere.   But plenty of ICO tokens will go to zero.  

I will be buying very aggressively.  But not yet.

I hope so. So much trash that needs to be taken out. I hope every coin that has spent months without any working product goes down. 1500+ currencies?  (Although not my favorite ERC20 alt, PRL. Staying green in a sea of red for now)

I see no reason for the Bitcoin price to be crashing actually past support - just a correction from a massive run. Payment is getting better, LN implemented.

Some FUD about a ban which Bitcoin has survived before, and Tether which is blown out of proportion by FUDsters.


ALSO, is this truly "capitulation" (we already had a massive shakeup - you'd think all the weak hands would've been shaken off a long long time ago), or rather manipulation?



69. Post 29420748 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.41h):

Torknormal - your post is very convincing, but you did also say "$1k" due to the Tether FUD.

I still haven't heard an explanation from anyone as to how USDT drives the whole market such that BTC would crash more than 30% if it turned out, say, that USDT has 0 reserves.

The latest one I heard was that Bitfinex and other USDT markets (which make up a fraction of the whole volume for BTC) impact everything else through arbitrage, and so if Bitfinex goes to $2000 BTC, then everything else will follow, all because of USDT with a puny 2 billion USD market cap.

Anything else?

Otherwise, I'm inclined to believe that the correction is fine, unless we hit 7.7k.



70. Post 29421590 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.41h):

Quote from: JayJuanGee on February 02, 2018, 01:42:32 AM
Im out.
5550

Example of "weak hand"?

Sadly, Enky Nakamura is another example of someone who just got worn out, and decided to sell everything off.

He stated that only a drop to 7.5k would signal a bear mart (which is correct in my opinion - critical level), but sold it off as soon as it hit ~8.5k.



71. Post 29427671 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.41h):

Quote from: TERA2 on February 02, 2018, 04:51:21 AM
That flat line at 8750 looks like something out of mtgox

Just curious - what is your prediction? I remembered you were very bearish a few weeks ago, but now you're not calling "big crash" like some are.



72. Post 29431322 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.41h):

It's terrifying holding a ton in an alt that *seems* to be holding in the sea of red.

$-wise, it is currently the same as it was 24 hours ago, and in fact pumped up before coming back down.



73. Post 29431573 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.41h):

They saw that some alts, especially the ones brought on pure hype, will disappear in major crashes.

Are there any alts in like 2013-2014 that were big, but vanished into obscurity?

The funny thing is that 1000+ coins on CMC are probably completely abandoned, but still get pumped and stuff from time to time.



74. Post 29432058 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.41h):

Quote from: Neo_Coin on February 02, 2018, 06:54:32 AM
https://coinmarketcap.com/

DigixDAO is up 25,15%

lol

Anyone who bought this was lucky as fuc*

https://digix.global

Lol not so much luck I guess.



75. Post 29432595 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.41h):

ETH seemed to be holding up so well, until it didn't.



76. Post 29435350 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.41h):

Are any people panicking right now?

For some reason, I'm totally calm, maybe because I've almost taken it for granted that in the long-term, Bitcoin is headed for 40k, and some of the good alts will follow it as well.

Too much FUD from the news - when the establishment news starts hyping Bitcoin, that's when I'll get worried for real.



77. Post 29442566 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.41h):

Quote from: TERA2 on December 28, 2017, 08:31:41 AM
What will happen is once it reaches 8000 or 5500, suddenly everyone in the forum will be calling $1K and the death of bitcoin, but I will be there saying.. "no idiots were about have a bounce to $13K", and viola, suddenly I'm a bull.  Though as usual I'll be the person on the forum receiving the most flak.

I suddenly remembered this post from a month ago. The first half has already come true (along with certain people calling the end of Bitcoin). The second is calling for a 50% bounce up.

So I have to merit this.



78. Post 29445034 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.41h):

Quote from: toknormal on February 02, 2018, 10:35:19 AM

While we're watching this, a much larger area of carnage is emerging.

US Guvpaper meltdown continuing this morning. Contagion into stawks also.

BTC --> $30k.



Can you explain this? I don't follow standard economy.

The dow is doing OK, so which stocks are down?

Also, how do you measure US dollar performance?



79. Post 29447585 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.41h):

Mom just bought a Bitcoin at 8050 lol. Still no worries.



80. Post 29447782 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.41h):

Quote from: luckygenough56 on February 02, 2018, 11:34:41 AM
Mom just bought a Bitcoin at 8050 lol. Still no worries.

My mom can barely use a mouse, buying a bitcoin is out of her league  Smiley

My mom is probably (and hopefully) a bit younger Smiley



81. Post 29448555 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.41h):

Quote from: Lopumbo on February 02, 2018, 11:39:06 AM
correction : realistic predictions are welcome, backed by logic or a bit of fact if possible

That buy wall on gdax makes me think 8k holding is perfectly realistic. We might stay between 8k and 8.5 for while. Once 8 has been tested for long enough and has held the bulls will wake up again. This is mainly FUD in my retard opinion.  

you're stupid...this walls get removed the moment someone sells into them, oldest trick ever

7960$ on GDAX  Kiss - you're welcome

I find this quite funny. First-time poster immediately gets called "retard" and "stupid".

It's OK though!



82. Post 29452950 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.41h):

Why does this market bounce like a rubber ball? It's just so extreme I can't believe it.



83. Post 29453752 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.41h):

This is 100% manipulation. There is no way that this bounce is non-coordinated with massive amount of capital.

They engineer the price dip, and then test people's resolve by dropping the price, and suddenly, when the price is really low, they buy all in at once, causing a massive bounce.

I can't imagine a bunch of people doing this of their own accord all at once.



84. Post 29455021 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.41h):

Quote from: explorer on February 02, 2018, 01:15:28 PM
This is 100% manipulation. There is no way that this bounce is non-coordinated with massive amount of capital.

They engineer the price dip, and then test people's resolve by dropping the price, and suddenly, when the price is really low, they buy all in at once, causing a massive bounce.

I can't imagine a bunch of people doing this of their own accord all at once.

Those cascading sells you were seeing?  Those were a lot of leveraged shorts - borrowed coins.  Those borrowed coins need to be returned, meaning there will be buying to equal the selling.  They can be caught and forced to buy just as the leveraged longs can be caught and forced to sell, leading to these crazy swings and bounces.  Of course it is played to the max by anyone with the balls and bank.

As someone in enough debt, I actually am ignorant to margin trading with coins. However, it does make sense.



85. Post 29466059 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.41h):

Looks like even Enky's hands got too weak in the end...



86. Post 29470835 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.41h):

Quote from: realr0ach on February 02, 2018, 05:14:43 PM
A russian guy who predicted the 2013 Bullrun/bearmarket.

Wait a minute.  If the price rising and then crashing was entirely due to printing Gox dollars out of thin air and none of it was an aggregate market at all (not that bitcoin ever is but like 1% of the time), just how can some random Russian guy take credit for predicting anything?  How the hell does that make ANY sense?  If anything his prediction was completely wrong and then Karpeles' fraud accidentally made it line up.

Who knows how he predicted the price crash and 2 year bear market? He seems to mainly use TA.

However, the conspiracy theorist part of me sees how stunningly accurate some of his recent predictions were (like bottom 9k during the last drop) that I wonder if he knows more than just TA lines on a graph.



87. Post 29491265 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.41h):

So here's the thing.. I remember not a day ago, prices were this low, and everyone was panicking about it in the forums.

So why is it that when we bounce from 7.6k up to here, everyone seems optimistic now? Masterluc seems absolutely certain that we'll just bounce up. TERA2 has stated that we will bounce to 13k too, but the difference between them is that one thinks it's 2013, the other 2014.

Is it that obvious that we're just going to go straight back up? Nothing to be too excited about if prices stay in 4-digits for the next few months, for instance.



88. Post 29491391 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.41h):

Quote from: bitserve on February 03, 2018, 12:32:37 AM
So here's the thing.. I remember not a day ago, prices were this low, and everyone was panicking about it in the forums.

So why is it that when we bounce from 7.6k up to here, everyone seems optimistic now? Masterluc seems absolutely certain that we'll just bounce up. TERA2 has stated that we will bounce to 13k too, but the difference between them is that one thinks it's 2013, the other 2014.

Is it that obvious that we're just going to go straight back up? Nothing to be too excited about if prices stay in 4-digits for the next few months, for instance.

It's not about the price per se, but the bounce.

Why isn't it a dead cat bounce? Who's to say it won't go to 5.5k next? I don't think it will, but everyone else seems to think 5 digits is coming soon.



89. Post 29491716 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.41h):

Quote from: bones261 on February 03, 2018, 12:44:22 AM
So here's the thing.. I remember not a day ago, prices were this low, and everyone was panicking about it in the forums.

So why is it that when we bounce from 7.6k up to here, everyone seems optimistic now? Masterluc seems absolutely certain that we'll just bounce up. TERA2 has stated that we will bounce to 13k too, but the difference between them is that one thinks it's 2013, the other 2014.

Is it that obvious that we're just going to go straight back up? Nothing to be too excited about if prices stay in 4-digits for the next few months, for instance.

It's not about the price per se, but the bounce.

Why isn't it a dead cat bounce? Who's to say it won't go to 5.5k next? I don't think it will, but everyone else seems to think 5 digits is coming soon.

The bounce happened on rather high volume. This would indicate at around 7.6K, there is a great deal of support(lots of people want to buy at this price.) However, many suspect that this market is highly manipulated. I personally think applying technical analysis to these charts is equivalent to predicting the future with a horoscope chart. Just my opinion, though.

Some people seem to be able to predict pretty well... presumably just using TA. But thanks. High volume bounce I guess is healthy.



90. Post 29491847 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.41h):

Quote from: ragnar0k on February 03, 2018, 12:49:48 AM
So here's the thing.. I remember not a day ago, prices were this low, and everyone was panicking about it in the forums.

So why is it that when we bounce from 7.6k up to here, everyone seems optimistic now? Masterluc seems absolutely certain that we'll just bounce up. TERA2 has stated that we will bounce to 13k too, but the difference between them is that one thinks it's 2013, the other 2014.

Is it that obvious that we're just going to go straight back up? Nothing to be too excited about if prices stay in 4-digits for the next few months, for instance.

Oh man I didnt come to this forum for a while to avoid reading TERA bs while we were going down, but I come back once and I see TERA now is compared to masterluc. I feel pain! /ragequit

I have to give credit where due. I said TERA2 was totally wrong a month ago on the prediction to 8k (claim is still the same - bounce to 13k), but it turned out that it just took longer to happen.

The thing is that even masterluc wasn't quite spot-on in this.



91. Post 29492353 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.41h):

Quote from: Ibian on February 03, 2018, 01:08:14 AM
People don’t understand bitcoin is a savings mechanism not a fucken get rich quick mechanism.
It's both.

But some people want it to be too damn fucking quick and easy. They should know better.
Sure. It's still both.

I went from being on welfare to being financially independent in 4 years. That's quick fucking money. And I had to sit through a brutal multi-year bear market at a loss for most of it, imagine the people who bought at the bottom.

How did you get enough coins to do that if you were on welfare? Most people on welfare can barely afford to eat and cloth themselves, let alone buy stacks of coins.
By being a literal genius, and with some help from the family.

That is impressive! It sure beats getting a minwage job and working as a slave, getting nowhere financially.



92. Post 29500678 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.41h):

Quote from: HairyMaclairy on February 03, 2018, 05:44:43 AM
Hey Bitmain.  Go fuck yourself.   



So basically they will get all the BCH for sales. This is why I sold my airdrop high.

Also, Samsung > Bitmain?



93. Post 29524192 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.41h):

It may seem obvious to some more experienced traders and bitcoiners, but I've just fully realized how good of a thing it is for prices to go down as the result of correction (even a long-term correction) or manipulation.

Helps to get cheap coins, especially when other people are panicking.

It was pretty surprising how my parents, who bought at a pretty high price to begin with, made back some of their losses by keeping calm and buying at the dips the last few nights.

If you know that the price is up long-term, you can just measure your wealth in coins, not spendable fiat.



94. Post 29531753 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.41h):

Quote from: bitserve on February 03, 2018, 02:57:51 PM

Sellwal:

300 BTC shot @ 9197 on Stamp....vapourised.

I participated in that... After half went in a single bite.  I’m temporarily back in bull mode. For better or worse.

Have you bought higher than you sold??

Nope.  I’m defending my profits.  Do you think it’s a bull trap?

I thought you had sold and rebought higher, sorry (Now I think that is Rosewater, at least the sold part).

No, I don't think it is a bull trap... but what do I know.

On CMC, it shows the volume decreasing though. That's a bit worrying to me. Could be a bull trap, in that case.



95. Post 29556110 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.41h):

I'm guessing that most bitcoiners don't agree with Bernie Sanders on much.



96. Post 29556816 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.41h):

Quote from: BobLawblaw on February 04, 2018, 12:34:45 AM
This entire post is a load of shit.  
Canadians have universal health Care.
Canadian Citizen: "Doctor. I am shitting blood."
Canadian Doctor: "Ok, well, let me get you an appointment with a specialist to get you looked at"
... 3 months later ...
Canadian Specialist: "Sorry. You have advanced Stage III colon cancer. If only we caught you two months earlier."
This is why healthcare needs to be run by non-profit charitable organizations. Yes, such organizations have their problems too. However, it makes absolutely no sense to try and profit off the sick and the dying. Getting the government involved just adds a bunch of bureaucratic red tape.

My point is, I've come to appreciate the system in the US if you can afford insurance.

I went from a severe fracture, to seeing one of the top specialists in the area within 24 hours, to surgery (5 titanium screws used to mend the break) 72 hours later.

The ER experience was just a fucking terrible joke. Took forever to get me in, get painkillers in my system, and ER doctor dude was like "Here, wear this sling for a week for the swelling to go down, and we'll do surgery in about 7 days."

"FUCK THAT SHIT!" I says to myself. "I WANT TO DEAL WITH THIS SHIT NOW !!!"

Called my main GP, said "Who's the best bone fracture guy you know ?", gave me his number, I took matters into my own hands, and was on the mend fast.

I can't imagine how that scenario would have played out under the Canadian Medical system.

Since they have a queue and rationing, you always have a good number of people who get put in the front of the line, as experience all benefits.

Those are the same people who say "I love Canada's healthcare system!" in Bernie's videos for single-payer.



97. Post 29571954 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.42h):

Quote from: TERA2 on February 04, 2018, 03:10:20 AM
Speaking of Bernie Sanders, Occupy, etc. - Bitcoin is in a direct conflict with the socialist/communist millennial movement, who probably just wants to do away with money altogether and make everything universal payer. Bitcoin is capitalist. Bitcoin is greedy (its in the whitepaper). Half of bitcoin and what bitcoiners speak about is the price, which is prominently displayed at the top of every website - what is the price? How much am I up? How many coins do you have? When did you get in? Hodl? These people who dont even have any money dont see any benefit in something like bitcoin - to them bitcoin is just shifting the power from one master to another master - from bankers to techy people (the new bankers) - and neither one of them deserve to have more money/resources than anyone else. Its just more jewish witchcraft. As soon as they see that all these early investors and adopters are millionaires and billionares, the jig is up.The whole concept of saving and investing and becoming wealthy or dodging inflation goes over their heads - because nobody should be hoarding money. They want a new system and to live life freely without wealth and status and money. We are just a trojan horse and they wont be fooled for long.

Yes, this is exactly what the Marxists want. However, what is your point?

The problem with these Marxists is that they have this dream of a utopia, but have no way of implementing it. I used to also dream of a utopia when I was much more naive, but the fact is that humans are greedy, generally callous, and overall flawed.
They will take advantage of each other for personal gain - if one person doesn't, another will take the opportunity. The nature of survival and society create and reinforce this.

This is because, at the center, the human is an individual. All collectivist thinking is totally nonsense until you have some special technology that can turn the human race into a hive mind (controlled by a few leaders).

Now, Bitcoin is literally the closest thing we have right now to taking a step towards that utopia - with mass adoption, and each satoshi having immense purchasing power, the purchasing power/price will stabilize.

This is a step to *true* freedom. It starts to resemble a payment system created and enforced by God (actually just probability and cryptography), and not by man (where middlemen control your transactions and stuff). It's not perfect, BTW, but it is revolutionary.

The price is just because we want to have purchasing power with our BTCs. It's normal - I don't why that's a problem.



98. Post 29590164 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.42h):

Hey TERA2, I PM'ed you - did you get it?



99. Post 29669757 (copy this link) (by Enjel) (scraped on 2020-04-04_Sat_15.42h):

I look at the charts, and I can't help but feel a bit worried, since the trading price is tanking so much.

However, I truly believe that we are still in an early adoption phase. I believe that in 1-2 years, possibly longer, we will look back on this as just another one of those small blips, like we look back on $1000 to $100 drop in 2014 (which I didn't experience personally, but I know that must have been painful for many).

Instead, I feel sad for a different reason.
Personally I'm rather more disappointed in what I caused for my family - my family owns about 2+ Bitcoins, a lot of LTC, ETH, and a wide variety of alts that many old-timers would call "ERC20 shitcoins".
Although I was an early-ish adopter, the large amount of money my parents put in to crypto basically means we are down a lot, overall.