All posts made by medialab101 in Bitcointalk.org's Wall Observer thread
1.
Post 4039085 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_11.43h):
No hodls barred... my blowstamps are on the way back up!!
2.
Post 4087104 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_11.45h):
Doctor... The patient has flatlined!!
3.
Post 4087749 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_11.45h):
If this recent stability is due *to offline coins coming in, how long can that sustain the stability?
Edit = *
I don't think the stability has anything to do with new coins. Just a changing of the guard probably. Night shift is leaving and the morning shift is coming in.
4.
Post 4088079 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_11.45h):
If this recent stability is due *to offline coins coming in, how long can that sustain the stability?
Edit = *
I don't think the stability has anything to do with new coins. Just a changing of the guard probably. Night shift is leaving and the morning shift is coming in.
Not just last night but the last 3 days. The majority felt there was a large dip coming and then additional news from China came in and the dip wasn't that big. ...Maybe I'm looking at this wrong.
Maybe we'll see an uptick as New York wakes up.
5.
Post 4088321 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_11.45h):
Hodling like a mthr $%&#er
6.
Post 4088596 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_11.45h):
Going to bed... expect to wake up to $800+ Bitcoins.
7.
Post 4100379 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_11.45h):
They send out the kneecappers, of course.
You need to change your avatar pic. All your posts come at me in H. Jon Benjamin's voice, and sometimes its too much
Daaaanger zone.
LOL
8.
Post 4145519 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_11.46h):
i don't think we will break 720 at stamp
Do you think christmas buyers will sober up so soon?
volume is already going down and 720 is major resistant, last big top and market is way overbought
Good because I Sodled about an hour ago
9.
Post 4150945 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_11.46h):
In other news, look at that LTC go!! Woop woop.
I made bucket loads today on that
10.
Post 4182127 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_11.47h):
I may regret this in the morning, as it will cause some people to want to trade against me, but I feel that I need to put it out there. Bitcoin TA is heavily manipulated at the moment, by at least 2 parties. Be careful out there.
I think hes drunk like me
Did I hear someone is drunk...
11.
Post 4185749 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_11.47h):
So much hatred, the last couple of pages.
Let's just try to agree on ignoring someone when you don't like what they're saying - it makes for a cleaner topic.
BTC price stuck in a narrow range for the past 12 hours.... attacking each other makes the time go by quicker I suppose
12.
Post 4262977 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_11.49h):
Vacations are not what they used to be.
Not for you and me anyway!
Yeah. I need a vacation from my vacation.
I once went on a trek in myanmar, like the middle of no where myanmar just to get off line. Almost died but i was off line...
Visit Greece. We'll go hiking!
Hey macsga,
I go to Greece every summer. Usually two weeks in Galaxidi and then maybe down to the islands. Love hiking though. If you can recommend some good places I would appreciate it.
Cheers
13.
Post 4321644 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_11.51h):
Well you asked for it (about ten pages back)
The "Choo Choo Motherfucker" t-shirt is now available.http://www.zazzle.com/choo_choo_tees-235618740034578955Unfortunately, zazzle doesn't accept
BTC which is a bit sad but still.
This is the first in a series of BTC meme themed items I've commissioned via my layabout husband .
Please let me know via PM if there are any personal requests (I'm thinking of a Lambo one for Goat!!).
Nan
lol this is great
Very nice, but liked the original better. This one is a bit understated.
14.
Post 4339358 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_11.51h):
Gox 1050 wall just disappeared.
15.
Post 4339395 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_11.51h):
Is there some good news out of China or something? They seem to be pushing aggressively.
This is the reset to pre-crash levels. People just decided it's time i guess.
16.
Post 4339553 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_11.51h):
Honestly just hold everything you can, who needs to gamble? 5,000% yearly returns should be good enough.
It's 0% return if you don't cash out.
That's the beauty of bitcoin. It's a self stabilizing system until more than 10% decide to cash out.
Such diversity of viewpoints is stimulating. Mine is different from both of yours':
- Holding means 0% gain in BTC.
- Selling means converting BTC into fiat, which is suicidal.
The only remaining alternative:
- Buy more
is my choice.
Or mine...
17.
Post 4340398 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_11.51h):
Gox 1060 wall... poof
18.
Post 4343883 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_11.51h):
Holy shit.... big dump on Gox....
19.
Post 4359924 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_11.52h):
That reason would be that MT Gox is a black hole that does not pay its customers out (depending where you live, anyway).
If you live in Japan, wouldn't you be rich?
I live in Japan and just got "trusted" status with Gox. It has been a very slow process (started 2 months ago). So the first day I have it I'm like 'weeeeeeee, let's start arbing...' Only to find out when I log in that my daily withdrawal limit has not changed. Still stuck at $1,000 a day. So anyways, I tried to withdraw $1,000 into my Japanese USD account to test it; however, the withdrawal has been mysteriously cancelled twice now with no explanation. Still waiting for answers. /sadface
20.
Post 4360189 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_11.52h):
That reason would be that MT Gox is a black hole that does not pay its customers out (depending where you live, anyway).
If you live in Japan, wouldn't you be rich?
I live in Japan and just got "trusted" status with Gox. It has been a very slow process (started 2 months ago). So the first day I have it I'm like 'weeeeeeee, let's start arbing...' Only to find out when I log in that my daily withdrawal limit has not changed. Still stuck at $1,000 a day. So anyways, I tried to withdraw $1,000 into my Japanese USD account to test it; however, the withdrawal has been mysteriously cancelled twice now with no explanation. Still waiting for answers. /sadface
Keep me posted on this. I thought the MTGOX black hole was just for us yanks. How does that place still operate? Been waiting on my wire xfer since Nov 11. got an email a week ago from tech support telling me they don't even have an ETA for it yet. Magical Tux is letting a billion dollar opportunity bleed market share like a hemophiliac gargling razorblades.
I've also got a $15,000 deposit over at BTC-e that hasn't gone through yet after a month... Starting to give up hope that arbitrage is even possible.
21.
Post 4363488 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_11.52h):
Red candles all around, we may be heading back down to the 900's range.
22.
Post 4363693 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_11.52h):
Every time I look at the Huobi charts I can't help but mentally pronounce it like "ho boi" ("Oh boy" in a heavy Chinese accent). As in ho boi... where do they get the balls to fake all this volume.
23.
Post 4364474 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_11.52h):
Why do people claim that Huobi's volume is faked?
Here is a thread on it. --- >
http://www.reddit.com/r/Bitcoin/comments/1uhc58/is_huobis_volume_real/In addition, all of the transactions are supposedly going through the personal bank account of the owner to skirt the Chinese regulations on fiat exchange. If that were the real volume I don't see how that could be managed.
24.
Post 4364703 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_11.52h):
Why do people claim that Huobi's volume is faked?
Here is a thread on it. --- >
http://www.reddit.com/r/Bitcoin/comments/1uhc58/is_huobis_volume_real/In addition, all of the transactions are supposedly going through the personal bank account of the owner to skirt the Chinese regulations on fiat exchange. If that were the real volume I don't see how that could be managed.
Only deposits and withdrawals go trough his bank account.
All trading (USD/BTC) is virtual until it is actually withdrawn, in fact this opens the possibility of fractional reserve banking (the Sum of everybody's BTC exchange account could be higher than the total amount the exchange actually has).
Right but assuming they are reporting true volume there would still be an unbelievable amount of fiat channelled through this one account. In addition, the no fee policy leaves the door wide open for manipulation by bots.
25.
Post 4364894 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_11.52h):
Great, we get to break $1,000 again... better get my .gif ready
http://i.imgur.com/VIhkDAr.gif
26.
Post 4365282 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_11.52h):
Aaaaaand... here comes support.
27.
Post 4365927 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_11.52h):
Anyone knows about that new china taobao crypto ban? Could it be the cause?
no.
guys... this is what happens when we go parabolic above a trendline after a bubble. the same thing happened in April-May.
i hope all of the newer traders who were confused as to why i was unsettled by this weekends rally, and the multiple warnings of "we'll pay for this later" understand now.
we will pay ?? to hell with that, it is great show, popcorn ready
+1
haha you're obviously not a merchant trying to actually use bitcoin as a currency, or anything like that
like i said, sometimes i believe the crap about speculators being good for a market, but then again this bullshit happens with frightening regularity...
Arepo can I ask in all seriousness... do you have a technical term for this kind of pattern?
A classic 'grab your ankles' pattern...
28.
Post 4366687 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_11.52h):
For anyone who hasn't seen the reason for this flash-crash.
https://bitcointalk.org/index.php?topic=403499.new#new
29.
Post 4367151 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_11.52h):
Is there anything new in that 'news'? Isn't it the same situation as announced in December just clarified?
I didn't see a flash crash, I saw a correction.
I suppose we'll all know in 24hrs.
People see this as a possible lead up to a crackdown. Just as last time in the space of a few days there were multiple announcements which crashed the market. The deadline for withdrawing fiat from the Chinese markets is looming and it seems like more actions might be taken.
30.
Post 4367305 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_11.52h):
The optimist in me says HODL but I also made a promise to myself that I would take signs from China more seriously next time.
31.
Post 4367567 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_11.52h):
All green, volume has leveled off. Looks like it's all clear for now.
Time for bed, hopefully I wake up to 1K+ again.
In case I miss it here is the .gif
32.
Post 4368493 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_11.52h):
101% off topic
what the hell happened to the ignore buttons colour?
Is anything of topic in this thread?
Hmm , I remember some people talking only about gox a few hundred pages ago.....for 10 posts in a row
)
When you live in Japan you tend to care about what happens on Gox...
33.
Post 4374961 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_11.53h):
Just woke up in panic mode, sold all alts on Cryptsy. Waiting for the transfers to Gox and hope I get out above 900. I think things are going south again and I promised myself I wouldn't hesitate the next time bad news came out of China. 7:19 here in Japan so I expect things will get worse in an hour or so when China wakes up.
34.
Post 4375029 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_11.53h):
Just woke up in panic mode, sold all alts on Cryptsy. Waiting for the transfers to Gox and hope I get out above 900. I think things are going south again and I promised myself I wouldn't hesitate the next time bad news came out of China. 7:19 here in Japan so I expect things will get worse in an hour or so when China wakes up.
You are exactly what's wrong with Bitcoin at the moment by the way
I believe in Bitcoin long-term but I'm not going to pass up a chance to buy $600 coins again. News tends to come in waves out of China. I think there may be more to come in the next few weeks, if not days.
35.
Post 4375085 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_11.53h):
Just woke up in panic mode, sold all alts on Cryptsy. Waiting for the transfers to Gox and hope I get out above 900. I think things are going south again and I promised myself I wouldn't hesitate the next time bad news came out of China. 7:19 here in Japan so I expect things will get worse in an hour or so when China wakes up.
You are exactly what's wrong with Bitcoin at the moment by the way
No , he's perfect.
He dumps all his alts , make the alt zealots end in tears and then gets burned with his
BTC transactions by the time he makes the trade.
I've enjoyed a few laments of QRK and Doges fans earlier , and god! , I feel so good.
It might be true. And I wouldn't mind if you are right. But it feels like time to get liquid again. We'll see how things go.
36.
Post 4375841 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_11.53h):
WHY IS THIS CRASHING ?? BAD NEWS ? WHERE ?
Rumblings in China again. A big retailer banned Bitcoin and mining gear from their platform.
37.
Post 4377535 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_11.53h):
looks like we are snapping back.
We appear to be out of the 'danger zone.' Until the next big China news at least.
38.
Post 4379385 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_11.53h):
The FBI will not be selling on an exchange. Several people easily capable of buying all the coins have approached them with offers.
So the FBI will sell them to anyone who approaches them with an offer? Nonsense.
Public auction. That's the way these things are typically handled. However, considering the nature of the confiscated 'assets,' it may be handled as many suggest here, in a prearranged public sale.
39.
Post 4397993 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_11.53h):
Widening gap mean what , we go up or down
The gap means that having 1.00 USD in a MtGox account is as good as having ~0.85 USD in a Bitstamp or other exchange's account. The widening means that the "Gox dollar" is losing value.
Is there a way to trade on the difference between the two. Thanks from the "new guy"
Yes if you reside in Japan or have Japan Bank account
I reside in Japan, have a Japanese bank account (in ¥ and USD), have gone through all the bullshit to get 'trusted' status for large withdrawals and I still can't arb. I thought getting trusted automatically gave you the withdrawal increase bump but apparently you have to request it. I requested it over 10 days ago and still no increase. On top of that, the withdrawals I've tried to make in USD to my Japanese account have all been cancelled and support hasn't gotten back to me with an explanation why. THUS, the artificially high prices... impossible to arg Gox I imagine.
40.
Post 4398475 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_11.53h):
On top of that, the withdrawals I've tried to make in USD to my Japanese account
Why don't you trade in JPY and withdraw JPY?
Because then I would have to pay the conversion fee to USD when I wire the money to another exchange to buy cheaper coins. Yes, it would only add about 1 - 2% but still. But that's actually what I'm considering now. See how it works.
41.
Post 4408863 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_11.53h):
Did I miss something... what's this sell-off?
42.
Post 4408898 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_11.53h):
Did I miss something... what's this sell-off?
cex.io and ghash.io broke Bitcoin.
No 51% though right. Just the possibility.
43.
Post 4408979 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_11.53h):
I give up... I lose at Bitcoin.
44.
Post 4409070 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_11.53h):
pit pat piffy wing wong wang
45.
Post 4409178 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_11.53h):
I see the beautiful double bottom and "W" forming
I still see a dinosaur. Everything must be ok then!
How is TA relevant when all of this volatility is based on news?
46.
Post 4438624 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_11.54h):
47.
Post 4446740 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_11.54h):
stamp just passed 900 with good buying support.
the weekend is my new fave
+1
48.
Post 4452953 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_11.54h):
Bitcoin keeps waking me up in the middle of the night. What's it doing? What's going on? I'll just check the price on my phone. Oh, and now that I'm up I may as well check the wall and a few graphs... Oh, now I want to stay up and see if there is a price spike at 5:00 AM like has been happening lately... Who needs sleep...
49.
Post 4453311 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_11.54h):
Bitcoin keeps waking me up in the middle of the night. What's it doing? What's going on? I'll just check the price on my phone. Oh, and now that I'm up I may as well check the wall and a few graphs... Oh, now I want to stay up and see if there is a price spike at 5:00 AM like has been happening lately... Who needs sleep...
sleep is extremely important
you really need to watch yourself and not worry about price at 3:00am.
trust me, Many poeple have crossed the thin line into insanity due to obsession over bitcoin price movements ( i am one of them )
Thanks, going to crash for a few more hours. Plenty of time to obsess over BC later in the day.
50.
Post 4457383 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_11.54h):
big wall on btce :/
Big walls all around.
51.
Post 4457913 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_11.54h):
Is there any way to set this thread so that new comments auto-load and cascade down the page? Any browser add-ons that could do this? Tired of refreshing comments every 2 minutes.
52.
Post 4458356 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_11.54h):
Is there any way to set this thread so that new comments auto-load and cascade down the page? Any browser add-ons that could do this? Tired of refreshing comments every 2 minutes.
In Opera:
Right click anywhere on the page -> Refresh Every -> Custom....
I use the Easy Auto Refresh plugin on Chrome. Unfortunately this is only useful if the address of the page is static. On this forum the address changes for each new page. Useful for the Speculation topic list but not so for long threads like this. Does Opera overcome this?
You have to use this URL:
https://bitcointalk.org/index.php?topic=178336.new#newThis will automatically show you the latest post
Pro tip! Thanks!!
53.
Post 4463440 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_11.54h):
Well, I'm glad there is at least a little excitement as we fast approach the 4,000 page threshold... CHOOO CHOOO
54.
Post 4463511 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_11.54h):
4,000 PAGES!!!! CONGRATULATIONS!!!! BTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTC
55.
Post 4463530 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_11.54h):
56.
Post 4463820 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_11.54h):
Well, lots of buying all around so either people haven't heard and they are taking advantage of lower pricing or the market doesn't see this as such bad news.
http://hypron.net/bitcoinwisdom.html
57.
Post 4464116 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_11.54h):
4,000 BTC BTC BTC BTC BTC BTC
58.
Post 4522550 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_11.55h):
I don't like this whole, "Bitcoin has risk" thing that China likes to do. Seems like its just foreshadowing, "We're gonna crash the price".
Yes, 'bitcoin has risk.' But keep breathing the air in Beijing, nothing to see here...
59.
Post 4767748 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_11.59h):
So the Gox premium is now over $200...
60.
Post 4773604 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_11.59h):
Huobi going down in flames, let the panic selling begin!
61.
Post 4773644 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_11.59h):
Bitstamp heading sub-800.
62.
Post 4786304 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_11.59h):
What's the word on the New York Hearings tomorrow? Is it supposed to be bearish or bullish?
Wondering the same thing.
63.
Post 4790701 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.00h):
Can someone please tell me how long does one wait for international transfer (withdrawal) from gox?
I believe its been reported to be somewhere between three days and over half a year.
You're more likely to see Bigfoot or the Loch Ness Monster then an international transfer from gox.
Care to elaborate more?
There hasn't been a confirmed international transfer to the US since June 2013. EU transfers are once a month and also has transfer problems. JPY is rather quickly but also heard of problems.
Yeah, I was excited because I just got my withdrawal limit bumped to $100,000 USD/day. Now I hear that ¥JPY withdrawals are also slowed way down. Can't win...
64.
Post 4790738 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.00h):
WooHoo!!!
Finally the dam breaks
65.
Post 4790769 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.00h):
The $940 bid wall disappeared and was replaced by a $950 ask wall
66.
Post 4790919 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.00h):
Yeah, I was excited because I just got my withdrawal limit bumped to $100,000 USD/day. Now I hear that ¥JPY withdrawals are also slowed way down. Can't win...
Did you send to Gox an apostiled proof of residence?
I'm a permanent resident of Japan so I didn't need to. Just mailed in my gov issued ID.
67.
Post 4791057 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.00h):
I'm a permanent resident of Japan so I didn't need to. Just mailed in my gov issued ID.
Is it true they have vending machines that dispense vending machines?
Not sure about that but I've seen one that dispensed live lobsters... and one that dispensed used women's underwear... so yeah, that could be a thing.
68.
Post 4791576 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.00h):
Big dump on Huobi too...
69.
Post 4796754 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.00h):
Huobi chart frozen on Bitcoinwisdom...
Edit: Moving again
70.
Post 4797763 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.00h):
Anyone with feed of NY hearings?
What time does it start? How many hours from now?
71.
Post 4805482 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.00h):
can somebody explain to me what the woman on the right of mr. Lee is talking about? Gold back uped system? Is this a alternativ system beside bitcoin that she is talking about?
Yeah, I was wondering the same thing... some centralized bullshit. Sounds like Ripple backed by gold.
72.
Post 4810085 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.00h):
I didn't know that "FUD" applied to TA. I thought it was about information and events?
Every single bearish or non-bullish comment or so called "analysis" is obvious FUD. Confirmed.
Confirmed.
Welcome to my ignore list.
Dude. You don't need to announce it
every single time.
They can't hear you... I imagine...
I wonder if there is anyone Shrooms hasn't put on ignore yet
73.
Post 4810382 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.00h):
If anyone wants to pay my legal fees I'd gladly sue Gox for you in Japan.
74.
Post 4810533 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.00h):
If anyone wants to pay my legal fees I'd gladly sue Gox for you in Japan.
Is that even possible? Here in Brazil at least, one cannot sue someone for damages done to a third person. I bet that there is a Latin term for that...
I just withdrew ¥JPY to my Japanese bank today... let's see how many weeks it takes to get there. I soon expect to be a victim...
75.
Post 4827143 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.01h):
the market is not acting favorably to these events
i assume the official chain bitcoin ban coming soon is of gr8 concern still
Disagree.
http://coinmarketcap.com/Dogecoin #5, right behind peercoin. Soon, it will be #1.
76.
Post 4847820 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.01h):
7 AM in China on the 31st, the world hasn't imploded.
Now can we PLEASE... get back to CCMFing...
77.
Post 4849786 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.01h):
Has anyone seen Willy lately? Wondering when he's coming out to play
I think he may be back. Several 20+bc buys in the last few minutes.
78.
Post 4886917 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.02h):
Altcoins are going mental.
There is a scrypt coin launched 6 hours ago, has network hashrate of 5.5 Gh and difficulty over 80 with 100 coming in next dozen blocks.
Freaky unbelievable.
Yo the hash rates of new alts grows double exponentially and then falls 1500% in 4 days. Do you even history?
This one is special, none ever gained so huge hash rate and difficulty in first few hours, it's mental.
Not sure which one you're referring to but it's been an interesting day for alt releases all around --->
https://bitcointalk.org/index.php?topic=444549.0;topicseen
79.
Post 4887160 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.02h):
Altcoins are going mental.
There is a scrypt coin launched 6 hours ago, has network hashrate of 5.5 Gh and difficulty over 80 with 100 coming in next dozen blocks.
Freaky unbelievable.
Yo the hash rates of new alts grows double exponentially and then falls 1500% in 4 days. Do you even history?
This one is special, none ever gained so huge hash rate and difficulty in first few hours, it's mental.
Not sure which one you're referring to but it's been an interesting day for alt releases all around --->
https://bitcointalk.org/index.php?topic=444549.0;topicseenIt's Saturncoin, yes.
Apparently one of the coins released today 'Wikicoin' got almost completely pre-mined... and then the pre-mined coins got stolen...
Hilarious
80.
Post 4929140 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.02h):
got to test the lows before the choo choo
And how do you expect that choo choo to happen? Based on what?
It's clear nobody is just gonna buy. People are way too afraid at these prices. We've had some huge companies accept Bitcoin. It made the price drop. Or well not directly but it suddenly didn't make it go up. That and then also the slightest hint of negative news and people completely shit their pants and sell. As much as i want the train to leave again i don't see how it will happen. I have the feeling a lot of people think we reached the top and want to get out.
Then you should sell all your coins. Oh, wait, you already did, right?
On ignore you go. Bye.
Shroom you're such a fucking tool... Hurry up and put me on ignore too while you're at it.
81.
Post 4929293 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.02h):
got to test the lows before the choo choo
And how do you expect that choo choo to happen? Based on what?
It's clear nobody is just gonna buy. People are way too afraid at these prices. We've had some huge companies accept Bitcoin. It made the price drop. Or well not directly but it suddenly didn't make it go up. That and then also the slightest hint of negative news and people completely shit their pants and sell. As much as i want the train to leave again i don't see how it will happen. I have the feeling a lot of people think we reached the top and want to get out.
Then you should sell all your coins. Oh, wait, you already did, right?
On ignore you go. Bye.
Shroom you're such a fucking tool... Hurry up and put me on ignore too while you're at it.
No problem. Bye!
I heard that Shrooms has a farm animal fetish... anyone confirm/ deny... Proudhon?
82.
Post 4941582 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.02h):
That's a bit better....
Maybe in appearance (depending on taste), but I'd imagine the JBLs sound much better.
Those things look like the kind of low-quality designed-for-appearance crap you'd expect from Apple Corp.
So this is what we're doing now... talking about speakers until the Chinese come back
83.
Post 4941598 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.02h):
That's a bit better....
Maybe in appearance (depending on taste), but I'd imagine the JBLs sound much better.
Those things look like the kind of low-quality designed-for-appearance crap you'd expect from Apple Corp.
So this is what we're doing now... talking about speakers until the Chinese come back
Or until Gox folds... whichever comes first
84.
Post 4967424 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.03h):
Gox just hit the 800 wall
85.
Post 4969488 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.03h):
Gox is probably going to go flying up to 930 at some point - it's really thin now.
2,000 + coins to get to 930. I think we'll wallow down here for awhile.
86.
Post 4985936 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.03h):
How much does anyone want to bet that this was Gox:
http://www.reddit.com/r/Bitcoin/comments/1wtbiu/how_i_stole_roughly_100_btc_from_an_exchange_and/I saw these kinds transactions going through for months (strings of .0001 Btc). I thought they were just bots doing some random bullshit... what if they were doing this the whole time...
87.
Post 4986566 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.03h):
The 800 wall is being DEVOURED on Gox... CCMF
88.
Post 4990828 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.03h):
Get your cheap coins now... I think all the excitement is over for today.
89.
Post 4990876 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.03h):
How much downward pressure can this Russia move have? How low can it take the price? Does only $50-$100 seem legit or are we looking at $200-$300.
We hit bottom already... strong upward trend now as ppl scoop up all the cheap coins.
90.
Post 4990980 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.03h):
Much more support at 700 than I thought. What now?
740just wait...
+1
91.
Post 4991089 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.03h):
Somebody call up Stamps and tell them that we've already reached bottom... They didn't get the memo it seems.
92.
Post 4991170 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.03h):
And BTC-e and Gox have reached parity ladies and gentlemen!!!
93.
Post 4991319 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.03h):
This fall is based on nothing tangible at this point.
Gox faltering on the brink
Apple bans blockchain app
Russians planning on outlawing BTC
Huge orchestrated dumping across exchanges
Gox finally shutting down BTC withdrawal
Lots of reasons for this dump today
94.
Post 4991430 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.03h):
This fall is based on nothing tangible at this point.
Gox faltering on the brink
Apple bans blockchain app
Russians planning on outlawing BTC
Huge orchestrated dumping across exchanges
Gox finally shutting down BTC withdrawal
Lots of reasons for this dump today
and absolutely nothing of this list happened "out of a sudden".
And new record for BTC days destroyed...
I'm sure I'm still missing like 3-4 things...
95.
Post 4991557 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.03h):
I dont think we will see the "chinaban" prices tho, doesnt make sense that gox's fail would be enough to drop prices to such levels
I think a lot of this today is an orchestrated attempt to crash the price, and maybe exact some revenge on Gox, who knows...
96.
Post 4991792 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.03h):
BTC-e 700$
Stamp by far most bearish.
Ironically it's the Russian owned exchange is the one that didn't lose it's shit on this one... Stamps went full on panic mode down to 618
97.
Post 4991867 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.04h):
cannabis saves us again!!!
98.
Post 4992645 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.04h):
Yep, Gox got everybody this time... Not a sole alive who hasn't been Goxxed
99.
Post 4993702 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.04h):
Gox is below bitstamp? How is that possible?
Are fiat withdrawals working again?
Simple Gox-btc losing value v/s Gox-USD, as it cannot be withdrawn..
So when gox fixes btc withdrawals but not fiat withdrawals, does it rocket back up again?
They plan to be working on it all weekend and gave the impression it might take longer. Don't expect any BTC to be flowing out of Gox anytime soon.
100.
Post 4994062 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.04h):
so what do all the people do with the GOX $ now?
I'm guessing withdrawals to Yen are still working.
I'm going on 10 days now so if they are working they are not working well..
101.
Post 4994338 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.04h):
Read This!!!http://www.reddit.com/r/Bitcoin/comments/1x9gue/my_protest_at_mtgox_offices_5_to_7th_februaryIt may answer a few questions, or stoke more speculation... either way, interesting
102.
Post 4994365 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.04h):
so what do all the people do with the GOX $ now?
I'm guessing withdrawals to Yen are still working.
Not really. Withdrawals problems have spread to all currencies: EUR, JPY, etc.
One importante question arises: WHERE THE FUCK IS KARPELES?
On his yacht in the Med.
Nope, spotted recently in Tokyo at the office:
http://www.reddit.com/r/Bitcoin/comments/1x9gue/my_protest_at_mtgox_offices_5_to_7th_february
103.
Post 4994657 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.04h):
1k wall on stamp
Aaaaand... it's gone
104.
Post 4994775 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.04h):
Is this video anywhere to be found? Would be nice proof so this is not some random guy writing a nice post.
OP hasn't delivered yet but we will see.
105.
Post 4996640 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.04h):
Is this the beginning of a new ...
rally ?
More like just getting back to that 61.8% fibo level of 760'ish $ and being there sideways for some time.
More interesting question is - if Gox will fix itself by some miracle, will the price diffence of 100$+ come back or not?
It's already $25 (~3%) out in front so yeah, going back to the status quo
106.
Post 4996755 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.04h):
For those who don't Reddit, here is some more Gox information/ knowledgeable speculation (reposting off another thread):
http://www.reddit.com/r/Bitcoin/comments/1x93tf/some_irc_chatter_about_what_is_going_on_at_mtgox/Quote
[–]nullc 14 Punkte 3 Stunden zuvor
Because the quotes are irreparably messed up I'll write up a long form explanation:
Some background: MtGox runs custom wallet software.
This is a reasonable and common practice for a service of its size and nature.
Getting a wallet implementing right isn't easy as there is very little room for error, much like the rest of the Bitcoin system.
Some have criticized their use of custom software here but it is a reasonable and common practice for a service of its size and nature. The reference client's wallet is basically suitable for small scale single party use. I would not recommend something like MtGox use the reference node wallet, at least not without a healthy layer of abstraction on top of it— relieving it of duties harder than key management and chain monitoring— or otherwise improving it greatly.
(For that matter, MtGox's wallet software has caused them fewer concerning problems than some other companies. (E.g. some have completely re-implemented the Bitcoin protocol, incorrectly, and exposed it to the outside world and suffered numerous local blockchain rejecting glitches). Though its certainly taken Gox a fair amount of time to sort things out.)
I first heard people reporting stuck transactions back in ~September. I looked into it and determined that Mtgox was spending immature coins. Freshly generated Bitcoins (from mining) can not be spend until they are at least 100 blocks deep in the blockchain. This prevents the funds from vanishing forever if the chain reorgs. I pinged magicaltux and after a couple tries got ahold of him. I think they also wasted some time on dead ends trying to resolve this before the actual nature of the problem was brought to their attention, e.g. raising their transaction fees with a mistaken belief that their fees weren't high enough.
Mtgox wasn't tracking if the coins were freshly generated or what their height was in their software. Including this data would apparently be a non-trivial change, and for high risk finance software even a trivial change takes a lot of work. I suggested a workaround (basically, just try to spend the oldest coins), and as far as I know they implemented it and it was effective.
They continued to have problems with stuck transactions after, and further analysis revealed that they were producing transactions with excessively padded signatures. A minor tangent is required here:
There is a design flaw in the Bitcoin protocol where its possible for a third party to take a valid transaction of yours and mutate it in a way which leaves it valid and functionally identical but with a different transaction ID. This greatly complicates writing correct wallet software, and it can be used abusively to invalidate long chains of unconfirmed transactions that depend on the non-mutant transaction (since transactions refer to each other by txid).
This issue arises from several sources, one of them being OpenSSL's willingness to accept and make sense of signatures with invalid encodings. A normal ECDSA signature encodes two large integers, the encoding isn't constant length— if there are leading zeros you are supposed to drop them.
It's easy to write software that assumes the signature will be a constant length and then leave extra leading zeros in them.
In order to eventually remove this malleability flaw we've been gradually tightening the rules that govern what transactions nodes in the network will consider valid when they relay them or mine them. In Bitcoin 0.8— after months of work chasing down software authors to get them to fix their bugs transactions with these invalid encodings were no longer relayed.
This caused some problems for a few things.. For example bc.i's iphone app— BC.i itself had been fixed long before but they couldn't update the Iphone app without fear of triggering another review by Apple. Eventually this was just worked around on the server side by mutating the transactions produced by the iphone wallets. (And is moot now, I guess!).
MtGox also had problems with occasionally producing invalid signatures. This would normally be a simple fix. E.g. here is an example where I fixed this type of issue in some python wallet code I've never used (but saw a lot of people were copying):
https://github.com/jgarzik/python-bitcoinlib/commit/4c64603ab60b0fa23c51090b3112be2f163aeeacBut as I said before, in high value systems like Mtgox, even simple fixes aren't simple and it took them quite some time to deploy a fix. However, I believe that it is actually fixed now.
My current understanding and inference is that the remaining issues are because while MtGox was producing transactions of the bad form that the network won't relay anymore— some people decided to help out by 'fixing' these transactions like BC.i did for iphone users— making the signatures normal and broadcasting them. Of course, the new transactions— while functionally identical— have different TXIDs.
The difference here is that the MtGox wallet software appears to have not handled this case gracefully at all, and apparently simply wouldn't notice transactions that it "didn't make" spending its own coins.
As a result the Mtgox wallet believed some coins were available for spending which really had already been spent and it began double spending those inputs. This may have interacted particularly poorly with the earlier workaround I mentioned— trying to always use the oldest available coins— if they did implement that workaround.
Worse, some of this may have resulted in users getting paid multiple times and could have been intentionally triggered with that end in mind if someone helpfully fixed some transactions and then noticed they got paid twice. (I think this is unlikely to have caused large losses, before people run off worrying about that, both because of the reuse of the oldest inputs and because of the hot wallet/cold wallet split).
At this point they likely have an accounting mess to clean up— figuring out who did and didn't get paid now with none of the txids matching. Cleaning that up will be somewhat tricky E.g. say there were three payments of MtGox coins to 1Apple in the block chain... and three users that attempted to pay 1Apple, and MtGox's records thinks that only one went through.. etc. So software will have to be written that matches up transactions with their mutants in order to figure out what went where.
I am not personally concerned— at least not by any of the details here. MtGox's slow speed at resolving these sorts of issues and poor communications are not terribly inspiring. They seem to be horribly short staffed— but competent and trustworthy people in this space may be hard to find: The regulatory morass of that business is sure to make many steer clear.
The claims that the delays indicate insolvency strike me as just hysteria: the technical background doesn't support this conclusion, and there may be a bit of opportunism at play from people who want to manipulate the market too. Don't get me wrong: I have not seen their books: Gox may well have financial problems— though with their income its hard for me to see how— but if any problems like that exist they're not being indicated here.
Of course, none of this suggests anyone should be happy with the service MtGox has been providing, but our anger should at least be well informed.
107.
Post 5007045 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.04h):
The stars have aligned... BTC-e, Gox, and Stamps all sitting at $721... get ready for the inter-dimensional portal to open up, or the rapture maybe?
108.
Post 5007669 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.04h):
This is not the Gox observer thread. People just keep saying the same things over and over again.
We've all been Goxxed, give us time to grieve... and work through our issues (with Gox).
109.
Post 5024116 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.04h):
I have no good feeling about these ~700´s... I bought @680 yesterday but am not sure if I should hodl. Normally the price would be only down for a short period but this time it is too stable at around 700... No good sign for me... Any ideas?
The market is just waiting for the Gox situation to become clear... then we gradually climb back up or we sink like a stone. Up is more likely in my opinion.
110.
Post 5024422 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.04h):
I think the 690-700 floor is pretty solid on btc-e. It will be hard to break it.
Is the Gox-fud already priced in right ?
But we are still waiting on the outcome. Every day Gox isn't letting coins out the door is more downward pressure building up. And if the worst happened and they ended up shutting down... we would probably fall quite a bit more. Unlikely though I believe.
111.
Post 5024483 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.04h):
When is the decision if gox will shut down or not? Monday?
They said they will let us know by Monday but implied it may take longer to straighten out.
112.
Post 5024770 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.04h):
~500 coin wall just got eaten on Gox
113.
Post 5025661 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.04h):
Boom! Massive sell on Bitstamp
No kidding, 1000+ just like that.
But price has now recovered to where it was pre-dump. No panning selling, this shows good support imo.
BTC-e is steady as a rock... holding all the other markets up.
114.
Post 5051660 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.05h):
Assuming the gox fix works, (and exists of course) Gox BTC are going to be worth a lot more than GoxBux, especially being so cheap. We are going to get a massive spike in the Gox price, which will drag up all the other exchanges. I'd be anxious if I was short at the moment, this represents a significant risk if you stop including the bear trolls in your risk assment and see how likely it is to happen.
unless they want to get out in cash, which means a race to the bottom ...?
That's what's happening right now... once ppl can get coins out the price will only go up as everyone runs for the nearest exit.
115.
Post 5051812 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.05h):
Aaaaaand... Gox off a cliff
116.
Post 5052476 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.05h):
117.
Post 5065554 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.06h):
Is Gox down? I'm getting gateway error.
No, just slow loading
118.
Post 5067734 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.06h):
Even ChartBuddy knows what time it is
119.
Post 5072279 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.06h):
Hi gang. Are we having fun yet?
That crazy HuBoy exchange is up late and trading like a boss. What's up with that?
What do you mean 'up late'? It's mid-afternoon in Beijing.
120.
Post 5117105 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.07h):
Here is a discussion on Github about protocol changes:
https://github.com/bitcoin/bitcoin/pull/3656Coinbase and Gox reps present
121.
Post 5132914 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.08h):
Gox in the 300's....
DIE DIE DIE!
122.
Post 5133054 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.08h):
You have to believe Gox is motivated to fix this problem soon.
.6% of $900 is much better than .6% of $375
123.
Post 5140388 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.09h):
This has probably been posted but just in case:
http://theblogchain.com/2014/02/14/breaking-mark-karpeles-posts-to-say-mtgox-is-implementing-a-solution/They are going to shut down while they implement the 'solution'
124.
Post 5146087 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.09h):
In case no one heard, btc withdrawals are on again at Stamp!
Eat it bears. One more bounce coming when Gox opens everything back up. Gox will go 700+ btce will go 750+
This is one of the best buying opportunities for this year.
I doubled my coins on this dip
A lot of it was luck though rather than good trading sense...
125.
Post 5146805 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.09h):
Even blind Freddy knows the price will explode when withdrawals re enabled.
Wish my bucks were on gox and I would ve bought at 300... 200% + till next weekend
I cancelled all my withdraws and bought back in between 400~500. Almost lost my shit when it kept going down past that. Still, a good day assuming Gox doesn't close its doors and run with our money.
126.
Post 5146890 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.09h):
I doubled my coins on gox in past 2 days? Not hard when it goes up and down 100$ daily
Tell that to the sheep that sold at ~$300...
127.
Post 5147093 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.09h):
I doubled my coins on gox in past 2 days? Not hard when it goes up and down 100$ daily
Tell that to the sheep that sold at ~$300...
lol it is actually simple: don't sell or buy unless you are confident. buy after lots of selling. sell after lots of buying.
+1 couldn't be easier
I was confident Gox wouldn't go much below $500... then DDoS, SR2, coins frozen on other exchanges... The FUD is difficult to anticipate.
128.
Post 5154355 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.09h):
no gox btc sells of 10 or more for 40 minutes
New fiat is probably just showing up on Gox now to take advantage of the fire-sale. Should be back in a reasonable range in a few days time. Especially if there is any indication that withdrawals will resume.
129.
Post 5155694 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.09h):
Dear Mt. Gox Customers,
In order to implement our solution to the “transaction malleability” issue being
faced by bitcoin exchanges and businesses, we are going to have a 6-hour
downtime on all bitcoin deposits and internal bitcoin transfers in addition to the
current pause on bitcoin withdrawals. Trading will otherwise still be open as
usual.
Maintenance Schedule (approximate):
6pm ~ 12am JST (February 15
th
)
The above downtime period is approximate: it may be shortened or lengthened
as required. Once the implementation is complete customers will again be able
to deposit bitcoin, but we will be doing extensive testing before bitcoin
withdrawals are reactivated. We will publish an update on the situation on
Monday .
BlockChain.info have implemented changes to address the malleability issue.
Our solution should work in the short term, while a longer-term solution is being
discussed with the Bitcoin Core Dev team and the Bitcoin Foundation. We are
also discussing this with other exchanges and businesses.
Thank you for your support during the maintenance, and we will update you on
the progress shortly.
Best regards,
MtGox Team
Down we go.
Up we go.
130.
Post 5155754 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.09h):
That seems like good news. Patch today, testing tomorrow, possibly withdrawals reinstituted by Monday...
And all the time no break in trading... only change is that Bitcoin deposits are stalled for 6 hours... and who in their right mind would deposit Bitcoin now.
131.
Post 5155778 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.09h):
In other news, it seems there is currently a demonstration going on in front of Gox headquarters... probably just a few people.
132.
Post 5155940 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.10h):
To answer your question, depositing bitcoin now would put you in a good position for when the withdrawals resume and the Gox discount once again becomes the Gox premium.
I agree with you buy most would say it's an insane risk because they may be insolvent and this whole debacle has just been a ruse to buy time.
133.
Post 5156008 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.10h):
And the bot continues to dump coins... oblivious to the news
134.
Post 5156068 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.10h):
If Gox enables btc withdrawals, arbitrage will lower price on Bitstamp.
I imagine the price will go up on Gox with the impending fix in place. By the time it is actually live there may only be a $100 difference.
135.
Post 5157320 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.10h):
According to Wisdom, there are some shenanigans going on at Gox. A few hours ago a dump was marked as a 200 BTC order in the order history but only showed up as a 155 BTC sell on the volume indicator. Also, are the orderbooks on Wisdom accurate? I might be seeing things but it seems to me that there are "phantom orders" that show up in the books but that don't get counted when a dump eats them.
Billy cashed out around 10k BTC during the last downtrend and doesn't seem to be out of coins.
Billy???
Billy is dumpling like a fool
136.
Post 5157528 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.10h):
when bitstamp and btce disabled withdrawals, it wasnt an all out apocalypse like gox. i think someone knows something at gox that we don't
No, just whale flopping around in the dark. Just like the bot that drove up the price to a 25% disparity last week trying to get out the Coin exit... now same bot is making a run for the fiat exit at whatever cost. Must have a lot of coins, be risk averse, and be poorly informed.
137.
Post 5157614 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.10h):
I'm really confused. Who the hell has that many coins on gox wallets
?? All I see 150-350 coins sells. It is insane !
Somebody with a ton of coins believes that Gox is going dark never to be seen again...
138.
Post 5157728 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.10h):
oh ok so this 200k btc of dumping is just "a bot". its "willy"... no. we are talking an order of magnitude of difference from willy, and that guy who made a 10k buy (rpietelia claims that was.him)
Do you not remember the 100s of k BTC regular buying sprees that seems to have kept Gox at least $100 higher than other exchanges? Willy. It looks like every single person on this forum and his dog noticed Willy the bull bot. What is happening now looks exactly the same but in reverse!
Nice bot, buy high, sell low ...
Coolest bot ever
139.
Post 5167153 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.10h):
Stamp and BTC-e flatlined. Something in the wind?
We're just stuck, wait for it to snap. Like so:
This pic is impressive!
Is this real? What is this??
140.
Post 5168495 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.10h):
[ speculators ] provide liquidity and absorb excess risk that average investors are not willing to take. They exist in every market. I don't see it as a negative.
I do not intend the term as negative. But the use of bitcoins for speculation or store of value is a side effect that is not strictly necessary for its goal (cheap safe etc. payment via internet) and may be a an obstacle to it.
I have yet to see a convincing model (with numbers) of the bitcoin economy in the bright future; much less how we can get from here to there without being steamrolled along the way by banks, governments, and other competitors like Apple and PayPal. (I read somewhere that PayPal is already blocking any payment related to bitcoin.)
The fast increase in value, for example, seems to have attracted a lot of undesriable players (greedy speculators, shady investors, incompetent businessmen, scammers...) which are already harming the project's image.
The academic mind tends to approach every problem from a point of skepticism.
This is partly due to formal training and partly due to the politics of maintaining the image of an 'academic.'
Vision and foresight to see the future coming require a completely different disposition and set of skills.
Let the academics discuss why Bitcoin is going to fail, and then watch the tide of opinion slowly turn as it becomes the reality of our shared future. History is filled with such examples.
141.
Post 5168661 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.10h):
Would he need to download the software and/or create a private wallet in order to open an account at Huobi?
No offense intended but you seem to have a very tenuous grasp on how Bitcoin works. Before you start making grand predictions about it's future maybe you should spend some more time educating yourself about its inner workings.
142.
Post 5168914 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.10h):
Exact,y that's why I wrote on page before that he is teacher and they are not really exciting ones.
They tend to play on safe, and there's no place for that in crypto at this moment. You either risk hard and make it big, or you fail trying
Yes, but the fact that he's here says something
Jorge, do you have a wallet set up? I use Electrum for small amounts as it's super easy and lightweight. I'm sure some of us would throw a few cents your way to play with, if only to promote Ivy League academic research!
It's probably more because it's his niche that made him being interested to see what's going on.
Well, I welcome Jorge to the community but I ask that if he is going to be a Bitcoin skeptic, in the academic sense, that he back it up with data and or hard facts rather than with generalizations or reductive arguments.
143.
Post 5169139 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.10h):
Would he need to download the software and/or create a private wallet in order to open an account at Huobi?
No offense intended but you seem to have a very tenuous grasp on how Bitcoin works. Before you start making grand predictions about it's future maybe you should spend some more time educating yourself about its inner workings.
Are you claiming people need to install the client in order to buy Bitcoins on Huobi and keep them there? Since when?
No, Jorge was questioning if that was the case... which we all know it isn't.
144.
Post 5169256 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.10h):
Personally I welcome Jorge's presence here, he is a benign character and takes a different and thoughtful view.
He has tried to look at trends from different angles and has spent a lot of time watching for behaviors that can be of use to us all - whether we are sceptics, or believers.
OK,. in my opinion, he isn't always right and he does see the problems we have adding up to a prognosis which is (on balance, from his POV) not likely to succeed.
However, he is not a troll, his posts are thoughtful and I always read his stuff.
So, I am sorry chaps - better ten Jorges than one Fonzie anyday.
Bom dia, Jorge - keep it up, but expect many (including me) to disagree with you.
I think it was Voltaire who is supposed to have said: "I do not agree with what you have to say, but I'll defend to the death your right to say it."
Yes, I agree with you. However, trolls like Fonzie can be easily ignored because he is a nobody and more importantly a self-professed troll.. in short, nobody takes him seriously.
The problem I see with Jorge is that he is an educated and accomplished person which lends force to his opinions. However, it seems he has not taken the time to properly inform himself about the subject which he is pontificating on. Which makes him much more of a danger than people like Fonzie. I welcome Jorge but I ask that he moderate his negative views until he has a better understanding and until he has some way to substantiate the basis for his negative claims.
But I must admit, I do like Jorge and I hope that he stays with us in the forums.
145.
Post 5169449 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.10h):
under which circumstance would you conclude that you have been wrong?
I think I already answered that earlier today or yesterday...
Can you describe what would qualify as: a) a "success" of Bitcoin
I will be happy, and count it as a success, if bitcoin becomes a viable and attractive alternative to credit cards for legal international payments via internet. By "attractve" I mean one that many people will chose to use for its merits (convenience, price, safety, etc.), not for political motives or because they have invested in Bitcoins and want to encourage merchants.
Right now it is very far from that landmark, wouldn't you agree? Already I know that I will not be able to pay a hotel bill in China, for example.
b) Bitcoin being a good investment.
Buying a lottery ticket is always a bad investment, because one can compute the expected payoff, and it is negative.
If one buys a ticket and wins the jackpot,
still was a bad investment.
A good investment is one that, according to the best knowledge and judgement available at the time, gives a positive expectation of return. But there is no way to measure the probability of an event, either before or after the fact. Therefore, there is no way to determine empirically that something is a good investment before the fact, and no way to tell whether if it was a good investment after the fact.
Only in very few cases cases --- such as lotteries and other games --- there are proabilities that everyone would agree to, and therefore one can "prove" that something is a bad or good investment. Most of the time, probablities are subjective and personal, and so is the notion of "good investment" or "bad investment".
If someone invests in Bitcoin and gets filthy rich, good for him; but can you tell whether he was wise, or just lucky but stupid?
Last year the Brazilian oil company OGX filed for bankruptcy. Its stock price had multiplied by 10x in a couple of years (from 2 BRL to 24 BRL, if I recall correctly), which is fantastic in that market. Then it crashed in a few days, after it became known that its two deep-sea oil wells were nowhere as productive as it was hoped. Its shares are still traded today as a penny stock, 0,15 BRL in november, 0.30 BRL now.
OGX had several billion dollars of real money invested into it by many people. Were those people bad investors? I would not say so, they apparently did their homework and got positive expected value at the time.
Some of the original investors must have sold at the peak and made 1000% profit, some didn't and had 100% loss. Were the former better investors than the latter?
Or, to be more dramatic -- someone plays Russian Roulette ten times for a 10$ bet, and wins. Would you call that person a good investor?
(That reminds me of a great little movie called /Number 13/ -- not to be confused with /Number 23/. But I saw the French BW original, cannot vouch for the remake.)
Jorge,
What is 'investing'? You seem to be focussing too much on the financial gain aspect of investing. Please understand that a lot of us here invest in Bitcoin because we see it as an important disruptive technology that will change the traditional power-balance and bring invocation on par with the creation of the internet.
In my lifetime I have seen few opportunities to be a part of such a fundamental and innovative movement, that has such great potential to do good for so many, while, at the same time offering the kind of returns that most of us here have already secured and will (most likely) continue to enjoy for the coming years.
146.
Post 5169753 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.10h):
I think it was Voltaire who is supposed to have said: "I do not agree with what you have to say, but I'll defend to the death your right to say it."
Thanks to all the Voltaires who welcomed me here, moer or less
I will try to keep my negativism to myself. I wish that things turn out as well as possible for everybody...
Negativity is fine.
Like when people say "Gox is a &%$# rat hole and needs to die."
It's fine because it is objectively verifiable and based on deep engagement and understanding (sarcasm - but sadly true).
It's important to have dissension otherwise we are just in a big echo chamber which puts us at risk of confirmation bias.
The important thing is that there is understanding and verifiability to back negative findings, not just blunt skepticism.
I welcome your expertise Jorge and hope you are active in the forums. I just would appreciate some more background to contexualize your skepticism.
147.
Post 5169797 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.10h):
HUGE green candle on Gox
148.
Post 5169810 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.10h):
just wanted to chime in and say fuck you MT Gox
They made me boatloads of (theoretical) money this week... but I still hate them.
149.
Post 5169834 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.10h):
From ~365 to ~550 in under 30 seconds!!!
150.
Post 5169990 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.10h):
So a huge green candle on Gox, uptick on all the other exchanges, and a few unsubstantiated claims that withdrawals have resumed. Can anyone confirm withdrawals?
151.
Post 5170003 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.10h):
it's a hoax isn't it?
Gox? Yes. Gox itself is a hoax.
+1
152.
Post 5172526 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.10h):
I go away for a few hours and....
153.
Post 5172633 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.10h):
I was feeling really happy with myself a few days ago when I was picking up Gox BC at a $200 discount compared to other exchanges... had I known the level of insanity would reach these levels...
154.
Post 5174870 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.10h):
Put a buy in a $4 as its all the gox bux I have. Lets see if it gets filled.
However with these prices and residing in Japan with access to a "faster" deposit I am seriously considering injecting a little fiat.
Talk me out of it?
Having the same thought...
So talk us both out of it.
155.
Post 5174997 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.10h):
Put a buy in a $4 as its all the gox bux I have. Lets see if it gets filled.
However with these prices and residing in Japan with access to a "faster" deposit I am seriously considering injecting a little fiat.
Talk me out of it?
Having the same thought...
So talk us both out of it.
Sounds like the plan at Gox is working.
I believe it is probably likely that Gox will not open withdrawals tomorrow. And, if they do come back with a reply that is vague (likely) it will cause even more dumping driving the price lower or at least keeping it in the 200s. So if I could get money there by Tuesday morning there may still be a shot at cheap coins.
On the flip side, if withdrawal opens on Monday then (best scenario) I've tied up my money for 3-4 weeks trying to repatriate it to my account, or, (worst scenario) Gox is insolvent and I've thrown good money after bad. Decisions... decisions...
156.
Post 5175090 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.10h):
Checking my account info thought...
I got an email on Feb 3 that said:
We are pleased to announce that you are now able to enjoy our new and improved Japanese Domestic Transfer method to fund your MtGox account.
Starting from today onward please use the following banking information to start funding your account.
If you lost this email do not worry as this information is also available on the Funding option > Add Funds > Japanese Domestic transfer tab.
However I can not find any "domestic transfer" option in the funding.
Even if I wanted to it seems I can't. Probably for the best.
Can anyone else in Japan confirm that they have a "domestic transfer" tab?
Yeah, I do
157.
Post 5176617 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.10h):
I need to stop watching the Gox chart because it is blowing... my ... fucking... mind...
158.
Post 5176713 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.10h):
I don't understand can someone please explain why people are selling at these prices at Gox? You can't get fiat out there anyway so why not keep your btc and hope for Gox allowing btc withdrawals soon? I don't get it.
It's a bot gone rogue... or an early adopter panicking... or a sociopathic madman out to even a score with Gox.
159.
Post 5176777 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.10h):
I don't understand can someone please explain why people are selling at these prices at Gox? You can't get fiat out there anyway so why not keep your btc and hope for Gox allowing btc withdrawals soon? I don't get it.
It's a bot gone rogue... or an early adopter panicking... or a sociopathic madman out to even a score with Gox.
Or... what we all secretly fear... A whale with insider knowledge, determined to preserve capital and thinking fiat is a safer bet for repatriation.
160.
Post 5176821 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.10h):
For very obvious reasons, gox price is *justifiedly* decoupled from stamp price.
If however the situation on gox continues, I don't think stamp will entirely stay unaffected. Not for practical reasons so much as for psychological reasons: gox price is still quoted in the world, and at some point, the nervousness will translate into selling pressure on stamp as well. Not enough to go sub 500 maybe, but enough to bring the two exchanges a bit more in line.
So, short term: if Gox enables BTC withdrawals, Stamp will go down because arbitrage. If Gox doesn't enable withdrawals, Stamp will go down because Gox dying will bring everyone down.
It looks to me like we are out of short-term scenarios where Stamp price goes up?
Most of the time the artificially high Gox price has kept prices on other exchanges high. If Gox goes to 1000+++ tomorrow once/if they reenable withdrawals then it might even pull up the other exchanges a good bit.
Everyone was thinking this and there was actually a small proof of concept earlier today but I think a line has been crossed now... the level of irrationality boggles the mind. People will be looking to get back to fiat until things settle down.
161.
Post 5176893 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.10h):
162.
Post 5176917 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.10h):
Well, this would be a great story to tell down at the pub... if anyone knew what Bitcoin was and/or cared...
163.
Post 5187933 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.11h):
There is some choochoo-ing going on, something's up?
Monday morning 8:20 AM... probably some new fiat hitting Gox.
164.
Post 5188118 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.11h):
If Gox goes up now would it not only be because they are prepping to withdrawl coins and sell anywhere else? Everybody else better be prepping some dollars to exploit this non-Gox dump coming up here soon.
The uptick is indicative of new fiat hitting Gox on Monday morning. I just sent $3,000 not 15 minutes ago and it is now sitting in my account.
165.
Post 5188177 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.11h):
If Gox goes up now would it not only be because they are prepping to withdrawl coins and sell anywhere else? Everybody else better be prepping some dollars to exploit this non-Gox dump coming up here soon.
The uptick is indicative of new fiat hitting Gox on Monday morning. I just sent $3,000 not 15 minutes ago and it is now sitting in my account.
So what are you waiting for!? BUY!!!
I am... did... Saving half because I think there is going to be negative news on Gox today... bring it even lower maybe.
166.
Post 5188197 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.11h):
If Gox goes up now would it not only be because they are prepping to withdrawl coins and sell anywhere else? Everybody else better be prepping some dollars to exploit this non-Gox dump coming up here soon.
The uptick is indicative of new fiat hitting Gox on Monday morning. I just sent $3,000 not 15 minutes ago and it is now sitting in my account.
Fortune favours the brave... Good luck!
Stupidity is often mistaken for bravery.
I've been following this Gox drama closely for the last few months... I think the odds are on my side.
167.
Post 5188374 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.11h):
It appears that even though MtGox and Bitstamp have nearly decoupled, they are still very weakly correlated in directional bias.
I think it's quite obvious that MtGox is the main price driver at this point. The other exchanges may have decoupled but the state of MtGox and the question whether it will survive and withdrawals will be restored is still very important for the price at this moment. A higher Gox price will be associated with a higher chance of good news coming out of MtGox and this will cause other exchanges to rise as well with it.
What I have been pondering is whether this directional bias will also be the case if they reinstate withdrawals, or whether the surplus of BTC would drag down the other exchanges. I don't think this can be found out any other way than empirically, so I'm going to be watching very closely, because this will likely decide whether or not we have a longer term bear market. So far, Bitstamp looks strong to me.
After the doors open the price on Gox is going to shoot up to a premium very quickly. This will drag the other exchanges up with it and when the arbitraging kicks in it will reestablish the old disparity with Gox coins being 5-10% more expensive than other exchanges.
168.
Post 5189185 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.11h):
Does it bother anyone else that MtGox used the wrong "effected" in their press release?
They are French, so they have a lot of... affectations
169.
Post 5189933 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.11h):
In fact, if I could get an instant deposit on Gox, I would deposit all of my liquid assets tomorrow.
I just transferred money this morning and it showed up in my Gox account 15 minutes later (Japan Net Bank method). I would send more but I'm already balls deep... would be a big hit if they actually did run with our money (which I don't think is going to happen but...). If withdrawals haven't been restarted in a day or two and the price is down around $200 I may send more...
170.
Post 5190296 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.11h):
Does it bother anyone else that MtGox used the wrong "effected" in their press release?
I missed that-- yes, bothered, and a bit sad.
Edit: Title reads: "Maintenance Announcement Effecting Bitcoin transfers![sic]"
Did you see that they corrected on the website news?
They are watching us...
Holy shit... they are watching us
171.
Post 5190692 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.11h):
Does it bother anyone else that MtGox used the wrong "effected" in their press release?
I missed that-- yes, bothered, and a bit sad.
Edit: Title reads: "Maintenance Announcement Effecting Bitcoin transfers![sic]"
Did you see that they corrected on the website news?
They are watching us...
Holy shit... they are watching us
That means the guys working at the website are fully awake .. but still no news . And that ain't good.
Maybe they are killing time on a bitcoin subforum...
Mark... if you're watching...
Change the "affecting" back to "effecting" if withdrawals will be functioning in the next few days...
Just between us / wink / wink
172.
Post 5190915 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.11h):
Given the amount of negative BTC stories in the popular press this last week I thought I would check out what the Bitcoin Foundation was doing to counter some of it. Apart from a couple of brief blog posts I couldn't find anything - which is very disheartening.
There is clearly a war being waged here (hearts and minds and all that) in the media and it seems BTC isn't even participating, there are a few champions but I'm actually quite disturbed there isn't a greater effort to counter to some of the nonsense being printed.
Bitcoin Jesus will save us
173.
Post 5191045 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.11h):
Given the amount of negative BTC stories in the popular press this last week I thought I would check out what the Bitcoin Foundation was doing to counter some of it. Apart from a couple of brief blog posts I couldn't find anything - which is very disheartening.
There is clearly a war being waged here (hearts and minds and all that) in the media and it seems BTC isn't even participating, there are a few champions but I'm actually quite disturbed there isn't a greater effort to counter to some of the nonsense being printed.
Bitcoin Jesus will save us
He does press releases, yeah?
Yep
http://www.youtube.com/watch?v=1cexawnOlR8
174.
Post 5191057 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.11h):
I hope someone is saving the transaction logs of all the exchanges. They would be a gold mine for historians, reporters, market analysts, etc.
... lawyers
175.
Post 5191360 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.11h):
Given the amount of negative BTC stories in the popular press this last week I thought I would check out what the Bitcoin Foundation was doing to counter some of it. Apart from a couple of brief blog posts I couldn't find anything - which is very disheartening.
There is clearly a war being waged here (hearts and minds and all that) in the media and it seems BTC isn't even participating, there are a few champions but I'm actually quite disturbed there isn't a greater effort to counter to some of the nonsense being printed.
Bitcoin Jesus will save us
He does press releases, yeah?
Yep
http://www.youtube.com/watch?v=1cexawnOlR8Some old Youtube video isn't a press release....a press release is in text format, has a title and a date, a story and contact numbers for the lead 'actors' in the story....then lazy journalists cut and paste it, may be call a number for a quote, give it to a sub editor who actually does some work tidying it up, an editor waves it through, then it gets printed and lots of people believe its true because a journalist at the [insert name] wrote it.
Most media outlets publish anything that lands on their desk without checking facts (blame time, blame money, blame falling standards). Check out 'businessinsider.com.au' which last week published a press release verbatim about BTC which was a complete lie - Aussies to open world's first BTC bank - the world first actually opens in Cyprus next week.
See where I'm going with this...it's really easy to get your message across but the Bitcoin Foundation aren't participating in the game.....and people wonder why the market is crashing.
Yes, I was being facetious (somewhat). But having said that Andreas Antanopoulos is one of the most articulate and on-message speakers who, in a sense, acts in a similar fashion to what you suggest.
The press-release model, while important, is not necessarily the best way to get the word out. The r/Bitcoin Reddit, for instance, does more to get the Bitcoin message across than any centralized press desk could.
Everyone knows the Foundation is dysfunctional and that their current role is basically limited to code maintenance.
176.
Post 5191900 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.11h):
Blockchain.info just put this out:
Server Maintenance Notice
Posted on February 17, 2014 by cpzhao
We will be performing a server upgrade around 9:00 AM on Monday (2/17) GMT. Some services will be interrupted for roughly 30 minutes. We apologize for the inconvenience this may cause. Thank you for your understanding and support.
Blockchain Team
I wonder if this is in any way tied to the changes that Gox implies Blockchain is implementing as part of the temporary fix to get withdrawals moving again.
177.
Post 5193823 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.11h):
Pre-anouncement buying on Gox... ~$350 now
178.
Post 5193830 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.11h):
Pre-anouncement buying on Gox... ~$350 now
And all the other exchanges following of course.
179.
Post 5195340 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.11h):
Hitting refresh on the Gox home page is getting boring.
7:30 here... they are taking their time with this one.
180.
Post 5195592 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.11h):
There's no news. Gox said (( wait 3 more days till we give you our next update about something that's going to happen "soon" )) - same old bs. It was the same thing over the weekend, and it crashed...
Read the update again, braindead.
If this was SHIT news, the market would have collapsed.
This is good news... especially for people who bought the fire-sale.
181.
Post 5195715 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.11h):
BUY BUY BUY CHEAP COIN MOTHERFUCKER!!!!!
Yeah, pretty muted reaction so far...
Good news I think.. no cut and run with the coins, double your money in a few days.
182.
Post 5197006 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.12h):
dear fellow bitcoin addicts,
despite all the bad news, the hysteria, prices of $ 100 and 200 on major exchanges, flaws in the protocol, massive attacks, headlines announcing bitcoins death --- more than enough reasons to rationally decide to get out of this madness (most of you with still incredible profits ) ---
despite the fact all the "bitcoin will go down sub 300" bears were actually fucking right (hard to admit. i actually don´t know what is hurting more: the fact my coins are worth less now or that those guys were actually right
)
despite bitcoin being "an experiment", in its infancy, despite of new records of votality,m
despite of all the FUD in the press and in the forums,
despite all of this and more: YOU ARE STILL INVESTED, you are still here, you still give a shit, - in other words: you are a true believer. if the community hodls the coins with balls of steel like we are witnessing right now, if you and me keep smiling, expressing great levels of absolute trust every new second in the midst of this chaos, i say bitcoin is unsinkable. we all depend on money. it´s not a funny game or so. to some it is very serious decision about wealth, future wealth and faith in this new technology that may free us from banks one day.
the fact that current price is above 600 shows a level of trust and support that even the biggest critics must admit was unexpected.
i will end this little message with a firm
CCmy fellowMFI agree... especially when you consider that except for on one exchange the price of Bitcoin held up like boss in the face of wave after wave of bad news and major FUD. Very bullish.
183.
Post 5215089 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.12h):
This is awesome... sat watching it for like 10 minutes.
184.
Post 5248378 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.13h):
If they were going to begin withdrawals today they'd announce it early so they could be in the office to supervise the process for most of the day. If we don't hear something in the next couple of hours don't expect any withdrawals today.
Maybe but I imagine if they are going to allow limited withdrawals the whole thing will be automated anyway, no need for supervision.
185.
Post 5249552 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.13h):
From where I am sitting things can go either 2 ways here.
Mt Gox survives which means the market won't go any lower than it currently is.
Mt Gox dies and there will be one more big dip.
So the last question remaining is how low will the market go if gox dies?
I am starting to think that whether gox live or gox dies is going to be irrelevant a year from now when at the very least people are gonna wish they had bought in at $625.
its weird i see it the other way around....
Mt Gox survives market will dip on the arb. grab
Mt Gox dies, its finally over, bitcoiners around the world rejoys as price rockets to toward infinity
Just on the previous update the price went up pretty fucking hard instantly. When Gox announces to continue withdrawals in the next 24 hours, shit gonna hit the fan hard.
Gox>$650+ within hours. Stamp starts to follow, so do the others.
From there building it up to the old $900 levels.
This is what the majority of people probably believe. So, being true to form, Bitcoin will do the exact opposite...
186.
Post 5250712 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.13h):
I had a fortune cookie at lunch today.
It said "Smart people will take the advice of others, but only the wise will profit from it."
WHAT DOES IT MEAN??
I got one today that said, "silence gives answers"...
So... not sure what that means
187.
Post 5252298 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.13h):
Wow... just wow...
188.
Post 5253377 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.13h):
5:25 here in Japan... and still we wait...
189.
Post 5253421 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.13h):
5:25 here in Japan... and still we wait...
ANy local knowledge you can share on the new Gox premises?
Is it a move up or down from their current location?
Unfortunately no, I'm in Kyoto
190.
Post 5253749 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.13h):
191.
Post 5254151 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.13h):
192.
Post 5254518 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.13h):
6:45
193.
Post 5274171 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.15h):
Just pulled this off of Reddit, interesting...
Only late night yesterday Tokyo time (after the press release went out) was the latest patch released for testing:
https://github.com/bitcoin/bitcoin/pull/3656#issuecomment-35055553Note that this patch fixed two important bugs in the implementation for NTxID creation and validation, a critical component to Mt.Gox' stated technical remediation strategy.
194.
Post 5275919 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.15h):
Was just about to post that...
Oh, how I want to believe
195.
Post 5280606 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.15h):
Price rising again on Gox. Willy out of coins or just taking a break?
196.
Post 5336224 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.17h):
Changed to 500 wall on BTCbuilder
197.
Post 5357054 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.19h):
"At this point 744,408 BTC are missing due to malleability-related theft which went unnoticed for several years."
This simply can't be right unless a few insiders were stealing them.
My guess is someone spilled coffee on the cold storage backup...
198.
Post 5373540 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.20h):
I've heard several things on NPR about bitcoin and "Mount Gox." I just want to call them up and tell them they're mispronouncing it. It should be "Mount Jokes"
Empty Gooooooootcha!
199.
Post 6867964 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.45h):
Anyone else watching this
Huge moves all around.
200.
Post 6868037 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.45h):
Still 1,360 coins to go before 510... after that not as much resistance though
201.
Post 6868104 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.45h):
Aaaaaaand.... here we go!
202.
Post 6869281 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.46h):
Who thinks 530 wall is fake?
We should find out in the next hour or two. Probably get pulled again... this time 550.
203.
Post 6940040 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.47h):
Stamps wall just got eaten.
204.
Post 6945269 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.47h):
Only ~900 coins to $600 on Stamps... when ppl wake up in the states I think there may be a push.
205.
Post 6974382 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.47h):
Good volume though. Looks like a small rally.
206.
Post 6975237 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.47h):
$600 in sight
207.
Post 6975824 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.47h):
Everyone knew about it at the time. It was factored into the price months ago.
208.
Post 6976620 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.47h):
209.
Post 6983042 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.47h):
BOOM!!!
210.
Post 6983053 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.47h):
Somebody wants that wall down.
211.
Post 6983097 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.47h):
Remaining wall just got pulled it looks like... up we go?
212.
Post 6983137 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.47h):
Remaining wall just got pulled it looks like... up we go?
nahh, someone click bought ~$1/4 million (~375 BTC) ... out of the wall.
It was almost a 1K wall, shortly after that another ~400BTC got pulled it seems.
213.
Post 6983183 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.47h):
Huobi and OK Coin following Stamps, BTC-e unsure...
214.
Post 6983255 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.47h):
Looks pretty tame... no momentum behind this. Someone just got sick of looking at that wall, impatient for $600+
215.
Post 6983385 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.47h):
Glad to see that wall down, looking at it was giving me the shits. Still 2K+ coins to $600 though and no one seems in a rush to get there. Probably another day or two of consolidation. Hmmmm...
216.
Post 7001566 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.48h):
Sorry Jorge I can't help myself, I just need to know why?
Because 90% of what has "bitcoin" in it
IS scams or stupid ideas. Starting with attempts to convince the unwary to buy bitcoins "because they will go to the moon" or "a hedge against inflation" etc..
For example, I already mentioned a couple of days ago that student of mine who had been offered to join some GPU-based bitcoin mining enterprise.
I have to check who is on the board of the Brazilian Bitcoin Foundation. I would almost bet that the creator of the BitcoinRain ponzi is there.
Are there a lot of scams related to Bitcoins... Yes
Are Bitcoins themselves a scam... obviously not
Before you disparage a paradigm shift you need to distinguish exactly what it is that you find the problem with. Of course this is a free market and people need to be informed and educated in order to avoid the downsides. But as an 'educator' Jorge I don't feel you're looking at this objectively and I also think you do your students a disservice by casting blanket dispersions on something that has the potential to offer them quite a bit of opportunity. You remind me of talking heads back in the 90s telling everyone to stay away from that dangerous internet because it would corrupt public morality.
217.
Post 7022373 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.48h):
I think it's a sad day when one of Argentina's preeminent number theorists turns out to be a drug trafficker
218.
Post 7032651 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.48h):
Huge wall just went up at $600 on Stamps
219.
Post 7032742 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.48h):
Huge wall just went up at $600 on Stamps
Will be pulled I'm sure.
All the walls on Stamps have been (mostly) real over the last few days, like 80% or more
220.
Post 7037533 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.48h):
Wall to 620 just jumped to 3k BTC
221.
Post 7037687 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.48h):
Aaaaand 1,500 of it just got pulled
222.
Post 7044202 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.48h):
Willy has moved to Stamps
223.
Post 7044767 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.48h):
China waking up and starting to follow Stamps bull run.
224.
Post 7079351 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.49h):
Just waking up in Asia... I see I've missed a bit
There was talk of beer? 13d4YQ5yvoaGoqnf3EZ55ak6QyHPLGP4G8 (=`ｪ'=)
225.
Post 7079906 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.49h):
Bids and asks drying up on both sides... What's about to happen?
226.
Post 7079985 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.49h):
Only 2k coins to bring us up to 700 or down to 600...
227.
Post 7081805 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.49h):
didn't think it would jump that much over the weekend.. i was away for some time. kinda surprised.. what's the cause for this run-up?
The downtrend is broken and we are in a bull market... this is what it's going to be like until we smash the ATH, hit the next bubble peak and crash back down to somewhere between 1,000 and 2,000.
228.
Post 7081953 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.49h):
didn't think it would jump that much over the weekend.. i was away for some time. kinda surprised.. what's the cause for this run-up?
The downtrend is broken and we are in a bull market... this is what it's going to be like until we smash the ATH, hit the next bubble peak and crash back down to somewhere between 1,000 and 2,000.
I agree except for crashing down as low as $1000.
Yes, I know that past performance is no guarantee but historically,
BTC bubbles have never crashed down anywhere near as low as the previous bubble's high. I'd expect the crash to bottom out somewhere between $1800-$2500.
Historically this would be correct but I don't think there is enough infrastructure in place yet to sustain past trends. I hope I'm wrong though.
229.
Post 7097980 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.50h):
666.6
230.
Post 7143343 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.50h):
bitstamp is going to sleep?
very very low volume
zzzZZZ
Meanwhile the ask wall keeps stacking up. Now 7.8K coins to $700...
231.
Post 7143605 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.50h):
bitstamp is going to sleep?
very very low volume
zzzZZZ
Meanwhile the ask wall keeps stacking up. Now 7.8K coins to $700...
Isn't that an indicator that the market believes that the price will rather go down that up? There are 4800 coins to 600.
Seems to be only Stamps though. Other exchanges not so much.
232.
Post 7145112 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.50h):
Some big market buys on Stamps... Price unaffected
233.
Post 7157759 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.51h):
Can you explain this image?
It just shows ask and bid depth and the current price. Similar to this but in 3D:
http://bitcoinity.org/markets
234.
Post 7162169 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.51h):
We're about to find out if this 1,200 BTC wall is real on Stamps
235.
Post 7178004 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.51h):
Can anyone tell me where do you guys watch btc walls. On stamp ?
I'm new to this wall thing.
http://bitcoinity.org/markets
236.
Post 7180457 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.51h):
Wall gone, let's rally!!!
237.
Post 7284302 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.52h):
Price on the way back up
238.
Post 7300102 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.53h):
the double bottom is in
we are way over sold because of FUD 30K BTC is not going to kill bitcoin
all you fools that are manipulated by market depth are about to get schooled
I feel like the drop was mainly due to 51% attack fear.
It was the perfect storm of the market being slightly overbought, 51% attack fears due to GHash.IO fiasco, SR coin auction news, a little bit of PBOC rumblings, and some FUD about Stamps being the next Gox.
51% attack fears are a little overhyped and I'm sure will be dealt with soon enough. The SR auction only represents the number of coins that naturally come on to the market in the space of 10 days, drop in a bucket. The PBOC statement that came out was neutral but added a little bit of fuel to the fire. And the speculation about Stamps is baseless and just used to manipulate the market. That only leaves the market being slightly overbought. I think we're headed back up as long as we don't get hit by anymore as-of-yet unknown bad news.
239.
Post 7336950 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.53h):
Huge bid wall just went up on Stamps (about 1,700 coins)
240.
Post 7352434 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.53h):
Big dumps on Stamps
241.
Post 7593461 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.56h):
Aaaand... the floodgates are open!!!
242.
Post 7685411 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.57h):
bfxdata.com shows USD swaps just jumped by 1.5 million to 30.5 million
best swap offer now 0.4475 %/day
Beginner question: does this mean that it's now expensive to go long?
Yes. And it means that a lot of traders on Finex are either a crazy gamblers or super bullish on BTC. Or more likely both.
243.
Post 7767627 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.58h):
If the log trend doesn't hold at least we still have linear.
244.
Post 7816465 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.58h):
The market it´s getting ready for the 1000$ bubble. Very, very soon!
If past trends hold then the bubble will be much higher than $1000.
245.
Post 7817772 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.58h):
I'm surprised no one is talking about the Gox creditor meeting on the 23rd as being a possible catalyst. Especially when the fate of 200,000 Bitcoins lies in the balance...
246.
Post 7818130 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.58h):
I'm surprised no one is talking about the Gox creditor meeting on the 23rd as being a possible catalyst. Especially when the fate of 200,000 Bitcoins lies in the balance...
The only people that still care about Gox are the people that lost coins/fiat there.
It's not a small number, don't mistake it for nothing.
A lot of people lost their BTC to MtGox and people want it back.
More importantly, Gox only has about $7 mil left in cash and a lot of people will claim cash over Bitcoins. That means there could be another large liquidation down the road.
247.
Post 7884035 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.59h):
A lot of coins being removed from the ask side in the last half-hour or so.
Edit: Meh... forget that, my chart was just wigging out.
248.
Post 7884534 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.59h):
A lot of coins being removed from the ask side in the last half-hour or so.
Edit: Meh... forget that, my chart was just wigging out.
bitcoinity.org? Probably a bug in their software.
Just meant to ask the same. Do you guys also get a completely flat line for about 20$ in one/both directions? I thought it might've been a problem with the computer I'm currently on but it seems there's something awry.
I'm getting the same. F5 helps for a while, but it still looks wrong.
Yeah, Bitcoinity.org
Seems like I have to refresh every few minutes or it gets stuck
249.
Post 7929152 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_12.59h):
Is Bitcoinity.org Bitstamp chart still broken for everyone else or just me?
250.
Post 8100726 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.01h):
Tomorrow
GABI trust opens...
If we don't brake 560$ today I doubt we will see it in next days. Or?
They are already buying on stamp probably... so nothing will change.
No, they open on Friday so we are going down till the weekend.
No, they are not buying.
It really isn't complicated: they will make money on the increase in the value of their fund (probs mainly long with some downside hedging). Hence it is in their interest for the price to be as low as possible on Friday. They have decades of commodity trading experience and deep funding. We are going down till the weekend.
A new deadline. You people just keep creating new deadlines out of thin air. We will go up on that day. That days comes and goes. We still go down and you will simply create a new deadline.
If you sold all your bitcoins, i think it is healthier for you and the whole forum that you find a new occupation.
For a second I caught myself looking for the 'like' button
251.
Post 8133044 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.02h):
230 coin market buy on stamps
252.
Post 8133048 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.02h):
Time to panic buy. CCMF
253.
Post 8276880 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.03h):
Big market buy on Stamps
254.
Post 8316194 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.04h):
255.
Post 8389175 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.05h):
A month or two ago someone on this forum made a post saying that the next bubble phase would begin on August 17th. I made a calendar reminder which I completely forgot about (just for fun) and it just went off a few minutes ago. Who made the post? Are we starting the next bubble phase after capitulation into the 400's?
256.
Post 8389412 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.05h):
A month or two ago someone on this forum made a post saying that the next bubble phase would begin on August 17th. I made a calendar reminder which I completely forgot about (just for fun) and it just went off a few minutes ago. Who made the post? Are we starting the next bubble phase after capitulation into the 400's?
It was me
Link the post
257.
Post 8443987 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.07h):
2 minutes and 45 seconds of my life that I'll never get back
258.
Post 8448140 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.07h):
I had to take three months off when the train left without me, but I'm back, Baby. I still have the cash from when i foolishly dumped and now I'm ready to get back in the game asoon and this next crash makes it cheap enough. This many shorts get squeezed when it's over and it'll go to up like a rocket, but it's likely to get worse before it gets better.
Are you saying that because of this crash the next 'bubble' is going to be epic?
He's saying that if people feel that things couldn't be worse (capitulation) and enough people betting against BTC (shorting) suddenly find themselves getting burned when the price suddenly spikes up, these are the perfect conditions for the next big rally. Historically the previous rallies have all begun like this.
259.
Post 8474782 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.07h):
What's all this dumping on stamps?!?
260.
Post 8494656 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.08h):
I have been away without internet access for 4 days. I see not much has changed with the price or the posting. Have you guys figured out this bitcoin thing yet?
I heard it was some kinda Ponzi plan.
I thought it was some sort of pyramid
pretty sure its a circle with a B in it.
Blow stamps
Blow stamps
Someone else remembers that Reddit post!
261.
Post 8550869 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.08h):
Looks like no more dumpers left... up we go
262.
Post 9097894 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.20h):
This is starting to remind me of when everyone got Goxed...stupid shit going on.
This is probably Mark epic trolling us...
263.
Post 9100383 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.20h):
1K+ off Bitstamp just now... nom nom nom
264.
Post 9101154 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.20h):
Had to step out for a bit... What did I miss? Bearwhale manipulator dead? We can go up?
265.
Post 9101354 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.20h):
Sure got quiet here all of sudden. Thought the forum would be buzzing with all that's happened today.
266.
Post 9102530 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.21h):
30K BTC wall... we'll eat that shit right up. These other 25K to 800... no thank you!
267.
Post 9103976 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.21h):
No more walls, no more manipulation. On the way up again.
268.
Post 9112960 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.21h):
I still don't really feel like we've had blood in the streets.
No one posted a suicide hotline on r/bitcoin yet
They were posted from the mid-300's, multiple times.
269.
Post 9127422 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.21h):
Get ready for the avalanche
270.
Post 9127493 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.21h):
Ignore the man behind the curtain...
271.
Post 9129821 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.21h):
After the bearwhale takedown I don't see how any bear can feel safe putting up tiny walls or dumping into upward momentum.
272.
Post 9138594 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.22h):
This is happening people... panic buy or perish
273.
Post 9138658 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.22h):
Ready for the next bubble(s)!
You do realize that when everybody
expects a bubble (like now), the chances of one actually happening are really slim?
When people think about new paradigms and Bitcoin being completely successful and retaining high prices, you're going to have a bubble.
When people think about 'a new bubble starting', they inherently say Bitcoin can't keep a high price and we're all in for a world of hurt.
Market was being held down by the early adopter whalebrear trying to get out of his position. He's gone now and the spring has been wound TIGHT son...
274.
Post 9138696 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.22h):
Ready for the next bubble(s)!
You do realize that when everybody
expects a bubble (like now), the chances of one actually happening are really slim?
When people think about new paradigms and Bitcoin being completely successful and retaining high prices, you're going to have a bubble.
When people think about 'a new bubble starting', they inherently say Bitcoin can't keep a high price and we're all in for a world of hurt.
Market was being held down by the early adopter whalebrear trying to get out of his position. He's gone now and the spring has been wound TIGHT son...
And now we've got a whaleBULL driving up the price with his 5K+ wall on Stamps
275.
Post 9150102 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.22h):
since 2011 I hve drunk traed, 12k btc ltater I dtull druk trade. hammred me says up.
I approve of this post
Bearstamp
Bullstamp
BitSwamp
Beerstamp
What else?
you forgot blowstamps
'blowstamps' is leetspeak for BTC
276.
Post 9160021 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.22h):
Charts look good... this shit has to go up.
Disclaimer: I'm 4 beers deep (IPA 8.5%) on a beach and not looking at any charts.
Adam has inspired me.
Market Buy All the Bitcoins!!!
277.
Post 9183127 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.23h):
Nice volume on this rally
278.
Post 9183575 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.23h):
I read yesterday they had already received 35 BTC at their donation address.
279.
Post 9183600 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.23h):
Just checked... 36.4 BTC received from 325 transactions and 31 BTC has been transferred to another address leaving 5.4 BTC
280.
Post 9183673 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.23h):
let me get this straight.
they are selling that movie but they also accept btc donations?
New paradigm. Legitimizing torrenting supported by BTC donations.
They can't endorse this because of their distributor agreements but it is implicitly understood that this is allowed and encouraged.
281.
Post 9190134 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.23h):
do you guys believe we will see $275 again?
or should i better buy now before its to late?
because i had sold all my bitcoins at $300
We won't see 375 again...
282.
Post 9190180 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.23h):
Here we go, go, go
283.
Post 9190653 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.23h):
Panic buying incoming!!!
284.
Post 9190781 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.23h):
Arbitrary number momentarily achieved !!!!
Something is happening!!!
285.
Post 9194136 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.23h):
And up goes the wall...
286.
Post 9203576 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.24h):
Why are moroons selling again? Do you hate it so much that your coins are rising in value, you need to ruin it? Idiots!!
Flawsky opened his mouth again...
287.
Post 9204371 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.24h):
Why's China stopped buying?
They are still digesting the bitliscence news. Waiting for a reaction out of us.
288.
Post 9221430 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.24h):
What just happened
289.
Post 9276650 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.25h):
WTF is going on with Anoncoin?
Up 855906.00 % ?!!?!
$3,502/ coin
290.
Post 9280238 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.25h):
Adam, did you have a hand in this?
https://nostradamus.coinsfriendly.comSpelled Nostr
Adamus
291.
Post 9287993 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.25h):
This doesn't feel natural to me. Bids are building up and up across all exchanges but no market orders and VERY low volume and stable price what gives
conspiracy theorists ...
Everyone agrees that this is still cheap. But everyone knows that the day-traders and manipulators are still lined up to exploit this low liquidity market.
292.
Post 9440457 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.29h):
dat wall
AVALANCHE!!!
293.
Post 9753974 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.37h):
Who wants a Christmas rally!
China apparently
294.
Post 10021610 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.42h):
Some hard dumping on Finex
295.
Post 10021700 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.42h):
BTC-e is the only exchange which shows relative high volume.
Stamp and Finex are hesitating. The worst is yet to come. Prepare.
Finex lead the dump... there are almost 10k coins traded now on the 15 minute candle
296.
Post 10032087 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.43h):
Cheap coins, MOTHERFUCKERS!
BYU&HODL LLC
Best... gif.... evaaaaa....
297.
Post 10032997 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.43h):
There was just a 300+ BTC market buy on Finex. Someone is bullish at least.
298.
Post 10057278 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.44h):
with 19 millions of longs and btc price @ 270 I have my doubts about getting far.
310~320 $ is my guess.
There are 5 million of Bitcoin in some unknown place that can be dumped at any moment.
I think it will worry the shorters for some time and stop the price from growing for some time
How exactly are they going to dump them? The address is marked as hacked Bitstamp coins. The second someone tries to move them into fiat they are going to get nailed.
299.
Post 10057569 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.44h):
with 19 millions of longs and btc price @ 270 I have my doubts about getting far.
310~320 $ is my guess.
There are 5 million of Bitcoin in some unknown place that can be dumped at any moment.
I think it will worry the shorters for some time and stop the price from growing for some time
How exactly are they going to dump them? The address is marked as hacked Bitstamp coins. The second someone tries to move them into fiat they are going to get nailed.
mixers , change small amounts of it to altcoins, localbitcoins , shady deals (enough people out there that would pay 230 for
BTC no matter where they are from
btw , that mark is on blockchain.info website only.
Mixers don't work well and are being de-annonymized. You need to transfer to an exchange to change to altcoins and those coins can also be marked and tracked. Localbitcoins is an option but will leave a trail and requires meeting in person or bank details. Shady deals are possible but difficult to arrange and now that the whole world knows the Bitstamp coins are out there it would be quite difficult to move big blocks of them in this way without raising red flags.
300.
Post 10063885 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.44h):
I don't think bitstamp is trying to buy any coins
I think the rise we just saw is due to the same insiders who dumped just before Bitstamp melted down on the 4th. Now they have info that Stamps will be back online today and they are buying back cheap coins that they know are going to be worth more tomorrow.
301.
Post 10067202 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.44h):
Just wanted this on the current page
thank you
I had the exact same idea... you beat me to it
302.
Post 10068611 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.44h):
Well, no movement in the market so I guess this was expected and the general assumption is that there is no way to easily dump these coins on an exchange, etc...
303.
Post 10076258 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.45h):
This is worth a read:
http://pastebin.com/ufNLW7xZPredicted Bitstamp failure 6 months ago.
304.
Post 10099948 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.45h):
Did someone just make 2 1000 BTC purchases on Stamp?
Looks like 1 buy 1 sell, both 1000 each.
A sell followed 3 minutes later by a buy.
305.
Post 10101608 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.45h):
306.
Post 10135792 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.47h):
Finex doesn't want to join the crash party... sticking at 243
307.
Post 10135977 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.47h):
HIGH.... VOLUME.... CAPITULATION!!!!
308.
Post 10147207 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.48h):
Only one way to go now...
309.
Post 10157665 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.48h):
Finex seems to be the market leader these days with big volume.
310.
Post 10158025 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.49h):
what the fucking shit is going on!
Agreed.
Indeed
311.
Post 10158519 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.49h):
CCMF!
Um, can we at least wait till we get back to the 200's? I would even say we should wait until the 300's for any CCMF posts.
Gut tells me right now its a trap and will go down sharply again...not saying new lows but saying it will give back some.
12 months of a bear market = Stockholm syndrome
312.
Post 10174767 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.50h):
TL;DR of the news:
if you're able to install software on someone else's computer or modify the code he compiles, you can steal his coins.
Duh.
This
It's non-news
313.
Post 10193628 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.50h):
Nice pump going on at the moment
314.
Post 10195275 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.50h):
Someone's trying to pump some life back into this bitch
315.
Post 10199529 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.51h):
Bitcoin wont fail because the technology was revolutionary.
Replace "Bitcoin" with "Steam engine", say it again and see if it still makes sense.
Nuclear power plants are basically big steam engines.
Congratulations, you fail at analogy
316.
Post 10215614 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.51h):
317.
Post 10215779 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.51h):
Reddit r/Bitcoin is a wall of awesomeness today:
Lighthouse Beta
Kim Dotcom blockchain-based internet
GAW getting investigated
Coinbase 75 Mil VC funding
Millionaire maker contest
Bitwage international payroll
Some noob just made his first Bitcoin
http://www.reddit.com/r/Bitcoin/
318.
Post 10218821 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.51h):
so much good news....time to short?
The New York Stock Exchange are going to be such bag holders... lol
319.
Post 10218877 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.51h):
so much good news....time to short?
The New York Stock Exchange are going to be such bag holders... lol
Only if bought Bitcoin. NYSE didn't. You, OTOH, prob'ly did
Explain to me how Coinbase is profitable while it is now valued at 12% of the total market cap of BTC?
Without the underlying asset increasing dramatically in value, how do the NYSE investors see ROI?
320.
Post 10219096 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.51h):
so much good news....time to short?
The New York Stock Exchange are going to be such bag holders... lol
Only if bought Bitcoin. NYSE didn't. You, OTOH, prob'ly did
Explain to me how Coinbase is profitable while it is now valued at 12% of the total market cap of BTC?
Without the underlying asset increasing dramatically in value, how do the NYSE investors see ROI?
Investing in crypto business is getting your foot into crypto. If another crypto succeeds, adapting to any coin would be trivial.
Also, see: Velocity of money.
I hope you and Jorge are making enough per-post to make this worth your time... If you did this as a hobby that would be pretty sad
321.
Post 10219254 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.51h):
...
I hope you and Jorge are making enough per-post to make this worth your time... If you did this as a hobby that would be pretty sad
You clearly have self-image issues. Stop being so hard on yourself, you're fascinating! Really
Step away from the keyboard, Ivan's hoe, you're getting belligerent. Here, have a nice gif to feed your Bitcoin dreams
I was actually planning to step away from the keyboard yes, i have other things to do.
Fact is that you'll still be here for the coming hours. And tomorrow again, and the day after that again, the day after that again, the day after that also again. You get the point
You are wasting your life.
Wasting my life? You undervalue Satoshi's Great Social Experiment. Satoshi created a compressed time microcosm that mirrors the bigger reality. Where naked greed is given reign and punished, laissez-faire economy is given a chance & fails, the flaws of Austrian school are empirically shown, and the human animal could be observed & studied like naked mole rats in a plexiglass habitat.
You're fascinating and useful, Bitcoiners. Satoshi has created something wonderful, and I'm not missing a minute of it.
Now go buy some BTC--don't make me shake the box
Ouch, sorry... looks like I struck a nerve there.
Just remember to take your blood pressure meds and antipsychotics and everything will be OK.
Some days this gig just isn't worth it I suppose.
322.
Post 10219355 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.51h):
Explain to me how Coinbase is profitable while it is now valued at 12% of the total market cap of BTC?
Without the underlying asset increasing dramatically in value, how do the NYSE investors see ROI?
AFAIK, Coinbase does not invest in bitcoin either. Their profit does not depend on the price of bitcoin, but on how much USD they process.
I would guess (just guess) that they are valued so much because they plan to become a competitor to PayPal (including dollar-to-dollar payments rather than just bitcoin-to-dollar like BitPay).
+1 They have profit in every transaction, they earn @100$ or @10k$
Would you rather have 1% of $100 or 1% of $10k?
Higher price means more bandwidth means more profit.
323.
Post 10231459 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.51h):
Has anybody noticed that even at 200 nobody wants to buy Bitcoin.
And yet i see all these idiots here dreaming about how we will go up soon.
How far in the sand can your head be.
January 15th:
"It feels so good having bought all these cheap coins at 170. Please let me know if they were yours so i can personally thank you."
"So which one of you tools sold at the bottom?"
"Well, that was the bottom. I picked up a shitload of super cheap coins. Thanks to you idiots selling at the very bottom.
Thanks for playing. "
324.
Post 10240460 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.52h):
325.
Post 10241271 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.52h):
I feel a rare weekend rally coming on...
$245 by Monday
326.
Post 10250350 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.52h):
Dude on Finex just got his $250 wall ate.
327.
Post 10250387 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.52h):
Holy shit!!!
328.
Post 10260995 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.52h):
Sell side is pretty thin on all exchanges... should be an interesting 24hrs
Oh! And critical!
329.
Post 10261640 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.53h):
soon china will wake up and maybe they will continue the rally
11 AM in China... not sure who wakes up that late...
330.
Post 10262025 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.53h):
I wonder what those "bitcoin is dead" trolls are doing now?
They are laughing about how many coins they picked up at $170...
331.
Post 10262147 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.53h):
when does china wake up?
5 hours ago...
332.
Post 10262449 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.53h):
$300 is going to get smashed this time
333.
Post 10263763 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.53h):
pump accelerating, top soon
still people here buyin ?
I'm surprised there wasn't more profit taking at $300
334.
Post 10284306 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.54h):
Dumps are getting weaker, less panicky...
People got a taste of the moon the other day and are prepared to hold tight for a bit.
I think we are seeing the beginning of the next bull market
335.
Post 10284547 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.54h):
I have some that I bought sub $200 that didn't get delivered until today.
How does delivery of bitcoins take more than an hour or so for 6 verifications?
I thought that one of Bitcoin's selling points was fast transfers.
Fiat is the slow part.
Coins credited to your account after the bank transfer clears (Coinbase).
336.
Post 10287310 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.54h):
Another half-hearted rejected dump...
Every day the risk increases, the effect diminishes, and as a result dumping/ shorting is no longer a profitable strategy.
337.
Post 10287400 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.54h):
Another half-hearted rejected dump...
Every day the risk increases, the effect diminishes, and as a result dumping/ shorting is no longer a profitable strategy.
yayayaya they always sayin that until a real dump with volume happens
The first dump today had pretty good volume. A few weeks ago a dump like that would have taken us down a lot further and we would have stayed there. Now we just sort of drift back up slowly.
338.
Post 10295543 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.54h):
Just drifting up slowly, a dollar at a time...
This is what I like to see.
339.
Post 10298804 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.54h):
Well, as long as I'm losing coins with my trading bitcoin is not dying.
There are a few MOFOs who are playing this game very well.
Easy to win with a loaded dice, some of the exchanges have more coins on their books than in their wallets.
I've been thinking this for months now. I'm lookin' at you Finex...
340.
Post 10306567 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.54h):
It's ALIVE!!!
341.
Post 10306820 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.54h):
I wonder why Stamps is acting so bullish. Looks like they're leading this little rally.
342.
Post 10314499 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.55h):
I am thinking of opening an account on bitfinex, unless somebody advises against it, if not would anybody have a referred code for it? thanks
Bitfinex with their inside trading (manipulating).. could be new Gox soon. So yah, deposit only as much as you are willing to risk.
You logic doesn't make sense to me.
Assuming their insider information really helps them to gain an effective advantage and thus continuously make them money then you should assume they want to keep this operation running (as is) as long as possible. Why would you assume they are and will continue to constantly loosing money while trying to exploit their presumed (but technically proven to be ineffective) advantage (assuming they make more losses than profits) or choose to steal everything (thus becoming actual criminals) rather than continuing an already profitable operation (without effective legal problems)?
I think the Gox insider trading (Markus/Willy) was presumed to be a last (failed) attempt to recover funds which had been lost already (due to an earlier hack). But the new theories tend to think otherwise (those bots didn't belong to Karpeles but a [inside or outside] hacker who used them to steal the funds).
Well... they admitted inside trading. They already have a gold mine (fees + lending), so why would they need to destroy they reputation with inside trading? I would say there is something wrong. I did a lot of trading there and I still do, but only with a small % of my coins. Just my thoughts
why did karpeles? he had millions form the fees and yet he destroyed his gold mine.
I think the answer is quite simple - he was a poor fucker who wanted more. if spice stops to flow for some reason you can always cook your books and manipulate order books.
Imagine that all the BTC Finex have available for swaps are made up. They use them to short the price and build up huge reserves of cash while driving down the price. At the right time, after they have used the cash they drained out of the ecosystem to buy enough artificially cheap coins, they stop shorting and start letting the price naturally correct.... profit...
343.
Post 10314680 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.55h):
I am thinking of opening an account on bitfinex, unless somebody advises against it, if not would anybody have a referred code for it? thanks
Bitfinex with their inside trading (manipulating).. could be new Gox soon. So yah, deposit only as much as you are willing to risk.
You logic doesn't make sense to me.
Assuming their insider information really helps them to gain an effective advantage and thus continuously make them money then you should assume they want to keep this operation running (as is) as long as possible. Why would you assume they are and will continue to constantly loosing money while trying to exploit their presumed (but technically proven to be ineffective) advantage (assuming they make more losses than profits) or choose to steal everything (thus becoming actual criminals) rather than continuing an already profitable operation (without effective legal problems)?
I think the Gox insider trading (Markus/Willy) was presumed to be a last (failed) attempt to recover funds which had been lost already (due to an earlier hack). But the new theories tend to think otherwise (those bots didn't belong to Karpeles but a [inside or outside] hacker who used them to steal the funds).
Well... they admitted inside trading. They already have a gold mine (fees + lending), so why would they need to destroy they reputation with inside trading? I would say there is something wrong. I did a lot of trading there and I still do, but only with a small % of my coins. Just my thoughts
why did karpeles? he had millions form the fees and yet he destroyed his gold mine.
I think the answer is quite simple - he was a poor fucker who wanted more. if spice stops to flow for some reason you can always cook your books and manipulate order books.
Imagine that all the BTC Finex have available for swaps are made up. They use them to short the price and build up huge reserves of cash while driving down the price. At the right time, after they have used the cash they drained out of the ecosystem to buy enough artificially cheap coins, they stop shorting and start letting the price naturally correct.... profit...
unlikely.
if something is made up then it must be cash. when cash dries up you come with a hack or withdrawing story.
Can you explain why this is unlikely?
Bitcoin available for swaps would never leave the internal ledger books if they were lending them to themselves.
344.
Post 10322877 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.55h):
Panic dump rejected again.
345.
Post 10340263 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.55h):
What's happening?!?
News?
346.
Post 10410858 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.57h):
7 days until the Euro crashes. Can't wait.
I'm assuming you are referring to the troika's demand that Greece submit a bail-out plan that they will not submit, prompting a Greek Gov't shutdown and a massive bank-run.
If this plays out as expected, the Euro will lose value against the GBP, Swiss Franc and USD, but that doesn't necessarily mean it will crash. What it will mean for bitcoin prices is far from certain. I don't see the price appreciating significantly in US Dollars until it becomes more widely utilized as a means to evade capital controls.
+1 THIS
347.
Post 10411188 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.57h):
7 days until the Euro crashes. Can't wait.
I'm assuming you are referring to the troika's demand that Greece submit a bail-out plan that they will not submit, prompting a Greek Gov't shutdown and a massive bank-run.
If this plays out as expected, the Euro will lose value against the GBP, Swiss Franc and USD, but that doesn't necessarily mean it will crash. What it will mean for bitcoin prices is far from certain. I don't see the price appreciating significantly in US Dollars
until it becomes more widely utilized as a means to evade capital controls.
Why isn't it being used this way yet??
Because capital controls haven't been implemented to any great degree yet.
I would say it's more volatility, lack of confidence in the tech, and lack of easy ways to move large chunks of fiat in and out of BTC without attracting attention from regulators.
348.
Post 10520628 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_13.59h):
Nice slow steady uptrend, bears not clogging up the forum with derision and contrived FUD, a nice piece about BTC on CNN that was fairly accurate and informative...
what the hell is going on here!?!?!
349.
Post 10732913 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.03h):
there's going to be at lest 1 billion people interested in bitcoin in a few years and you idiots keep selling at 300 for a quick profit while keeping the price down.
Laughing at the one billion? ok let there be 10 million people interested, there is not enough bitcoin to go around so the price will go up....
HOLD
+1 Great comment! I keep wishing there was a "like" or "up vote" button in these forums...
Maybe the mythical new platform will have one?
350.
Post 10740317 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.04h):
700BTC to go on finex. I wonder if we can stay above this time.
< 5,000 BTC to go on Bitstamp. On a side note, they have been removed from the main menu on Bitcoinity
351.
Post 10756712 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.04h):
Are whales taking down the $300 buy wall on stamp? It was like 7500 coins a week ago and now its barely 2000.
Support is building on the buy side and the bots are shifting coins back accordingly. No point in whales blowing their wad to take down a wall when gravity and time will do it for them. Also, their is still a dumping mentality among traders so any big moves up in the market will be met with people dumping and taking profits, possibly bringing us down to an even lower level.
352.
Post 10756737 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.04h):
Are whales taking down the $300 buy wall on stamp? It was like 7500 coins a week ago and now its barely 2000.
Support is building on the buy side and the bots are shifting coins back accordingly. No point in whales blowing their wad to take down a wall when gravity and time will do it for them. Also, their is still a dumping mentality among traders so any big moves up in the market will be met with people dumping and taking profits, possibly bringing us down to an even lower level.
In fact, this is very similar to what we saw on the way down, just in reverse. Sudden moves followed by strong support and establishment of a new normal. Resistance dissipates naturally.
353.
Post 10774559 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.04h):
354.
Post 10815431 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.05h):
20 dollar drop & the trolls are out in force.
Brilliant.
what is the reason for this drop
Not enough buying pressure so whales had to knock it down a notch.
Also, 'Evolution' dark market supposedly ran off with users coins and a rumour went around that they were going to dump like 43K coins on the market. People are waiting for the final story before making a move/ buying back in.
355.
Post 10832829 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.05h):
356.
Post 10833160 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.05h):
No they will not be returned the admin has gone and feels like he is untouchable so the last thing he will be doing is giving peoples funds back, but the dox that might come on the woman could lead to something although probably not the funds returned, if anything the information will be passed on to LE as the last resort, crazy guys i would be pretty scared after stealing not the softest of peoples money.
The price is holding are the figures confirmed 12 million dollars? If so what will that do to the market? Does not look like they have offloaded yet
Will be interesting to see how this plays out. I also doubt all funds will be returned to the hot wallet but it is conceivable that some kind of deal could be struck and/or the admins are apprehended as a result of the doxing.
357.
Post 10891174 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.07h):
Everyone keeps shouting MOON!... I'd be happy enough with just a patch of dry land.
358.
Post 10891269 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.07h):
is bitcoin ded ?
Is the world ready for bitcoin? ... to be ded? ... again?
359.
Post 10935267 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.08h):
Just woke up to troll central it looks like. Price spike imminent...
360.
Post 11207640 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.12h):
Meanwhile shorts up to 32K on Bitfi and no increase in longs over the past few weeks.
361.
Post 11215372 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.13h):
Could it be that btc-e owners are the one who are buying coins? Taking the advantage of low prices? Who else would trust so much money to exchange like that... Buying is still strong there.
The Greeks are buying in. Trying to convert and hide their wealth.
362.
Post 11215917 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.13h):
There goes BTC-E again... these Greeks really want some coins
363.
Post 11218975 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.13h):
The way coins were bought on BTCe today makes me think someone... somewhere... is running a fractional reserve and needed to acquire some BTC fast before being discovered.
364.
Post 11250745 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.13h):
Pretty quiet here during this China led mini-rally...
365.
Post 11306434 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.14h):
Stop being an odious little toad.
Sorry , I can't stop it when I see wanna be millionaires acting all mighty with 10 bucks in their pocket.
Ironically this forum is full of millionaires.
The question I have is, 'how much more ammo do the sellers have?'.
You can only sell bitcoin once
Well actually bitfinex is most likely running a frac reserve so the ammo is endless
+1 THIS
366.
Post 11353924 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.14h):
367.
Post 11389598 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.15h):
The kind of stability that makes me cringe. How much time do i have to wait before this stupid coin gets mass adopted and me rich as a result of it ?
The price will not rise unless bitcoin becomes widely adopted.
Bitcoin will not be widely adopted unless its price stabilizes.
Hence, you need to find a way to keep the price constant while the price rises.
Don't worry. There are dozens of startups with hundreds of millions of VC capital and hundreds of smart programmers working on that problem. They will surely find a way to do that.
"...very skeptical of its longterm success."
Time for someone to change their signature?
368.
Post 11514620 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.16h):
A few Finex shorts closing. $3 bump
369.
Post 11603508 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.17h):
And there comes the 7.5k sellwall again on BFX.
Has this happened recently? Haven't seen a wall like this for a while.
370.
Post 11603575 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.17h):
Someone is really working hard to keep the price down on Finex. Flashing 7k+ walls, dumping a few hundred coins every time there is a dollar rise...
371.
Post 11603851 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.17h):
That's like 1/3 of the bear whale wall just sitting there... no one is batting an eye...
372.
Post 11604502 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.17h):
We're down a dollar, look out, here come the concern troll bears in full force...
373.
Post 11611272 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.17h):
Worrying
Coinbase? Yeah, that's a pretty intimidating 300 BTC wall
374.
Post 11611888 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.17h):
What's wrong with BTC-e order book? Did they run out of coins to sell?
375.
Post 11614730 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.17h):
What's this wall on Bitstamp trying to do, it's all over the place. One minute 1,500 coins, the next minute 5,700 coins. What's it jumping around like that for? Messing with bot algos?
376.
Post 11629867 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.17h):
Half a million USD traded in tether in the last 24hrs... 4th by volume on BTC market cap (it's never been that high before). Looks like people are trying to get fiat to Finex ASAP.
377.
Post 11639607 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.18h):
sakujo, sakujo, sakujo, sakujo, sakujo, sakujo, sakujo, sakujo, sakujo, sakujo, sakujo, sakujo, sakujo, sakujo
Japanese? Are you saying 'delete' or 'cancel'?
378.
Post 11640591 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.18h):
Stamp just gave a green light for next leg up
It's gone down to 252 on Stamp. If people start arbitraging between Stamp and the other exchanges it could push the price down now.
The Chinese exchanges are still about $5 USD out in front and don't show any signs of slowing down. If anything, Stamps is going to get dragged along kicking and screaming. That bearwhale that keeps flashing his fake walls is going to have a bad time.
379.
Post 11640896 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.18h):
someone trying to push that price back down.
Says who?
We're still going in the right direction. I'm actually surprised that we're seeing this positive thread right now. Has anyone figured out what is causing this? Greece?
Hey, it does not matter even if this does not happen, we gonna rally until Friday either way..
This is still not clear to me. Exactly what is going to happen after Friday?
We should't have been in this low range in the first place. If you all recall we were well on the way to breaking back into the 300s when a dark market got hacked and bears used it as an excuse to push the price lower... then we got stuck in this whole 'the sky is falling' block-size debate. I see this as a natural correction that was bound to happen sooner or later.
380.
Post 11654521 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.18h):
509 coins just dumped on the great wall of Finex and it hasn't shifted. Looks real at least.
381.
Post 11658806 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.18h):
Now let's find out, how real the walls on BitFinex are
400 BTC market sell brings us down $2 and the wall looks like it's there to stay. Same thing happened yesterday around the same time.
382.
Post 11658952 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.18h):
A separate thread has been started just to talk about the Finex staircase
https://bitcointalk.org/index.php?topic=1093256.0;topicseen
383.
Post 11809098 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.20h):
Unannounced stress test using .0002 btc fees. It apparently set a record for tx/s at one point with... if I remember correctly, something like 147 tx/s
384.
Post 11809133 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.20h):
Unannounced stress test using .0002 btc fees. It apparently set a record for tx/s at one point with... if I remember correctly, something like 147 tx/s
How? Can bitcoin handle more then 7tx/s for the moment?
That's an average 7tx/s. Btc can handle much more in bursts, depends on the timing between blocks. For example, if two or more blocks were found in quick succession and were full, there would be a high number of tx/s for that time frame.
385.
Post 11839910 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.20h):
next 24h critical
No. We will go back to stable 250-275$.
This spike was caused by LTC cash-out.
Just have a look at all BTC/LTC charts.
Has nothing to do with BTC demand bought by FIAT.
The cycle was very easy:
Accumulate LTC with FIAT or BTC.
Pump LTC like shit (Ponzi in China)
Trade LTC for BTC -> increase BTC price
Sell BTC for FIAT -> drop to levels before the LTC pump
Rinse and repeat. Love that unregulated market. So many people to lose money. Thanks.
Time will tell. The bitcoin 1w chart is looking extremely bullish. Just an uptrend is enough to keep momentum buying to get us over 300 and then once we breach 300 on finex / bearstamp / btc-e things could get really exciting real quick.
Wont happen unless it corrects itself to 255-260$ atleast + greece hype is almost done + blockchain spam dude. BTC will be at >300$ but not this month for sure.
MmmK, It's at 292 on Finex with a bit of momentum still left in it. $8 and 4,300 coins are that separate us from $300. And that's not even taking the crazy Huobi market into account.
386.
Post 11850436 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.20h):
Wall down on Finex and a little momentum. 300 incoming?
387.
Post 11850632 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.20h):
Already breached $300 on Huobi and OKCoin. Sitting at about $301
388.
Post 11855763 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.20h):
300 on Finex incoming
389.
Post 11855837 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.20h):
Someone wake up Bitstamp and BTC-E. Tell them the party has started
390.
Post 11857863 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.20h):
And? The price just reached 300 wall and glued on it. Something was supposed to happen at 300, either a bull or a bear run. Why nothing is happening?
Weekend. Next week should be interesting
391.
Post 11865130 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.21h):
I think whoever that was that dumped 857 coins on Finex a few minutes ago is going to regret it...
392.
Post 11907577 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.21h):
4-month cup and handle?
393.
Post 11922367 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.21h):
Less than 24 hours until Bitcoin starts to rise again. Target 500-700.
Based on?
394.
Post 11958729 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.21h):
Say goodbye to the 200s
395.
Post 11958747 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.21h):
How do y'all know these things?
Y'all like Neo or something?
What if I told you... I keep up to date on the market...
396.
Post 11966819 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.21h):
Anyone wants to bet if the Walls on finex at 297 and 300 are real?
My money is on fake(ish).
397.
Post 11985969 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.22h):
298!
398.
Post 12135231 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.23h):
One 5k market buy and we nearly hit 300.
I think we slowly lurch upwards.
I fear to ask where the price would end after a 5k sell order
Ummm.... somewhere around $261. Lot's of support until the bull-whale decides to pull his wall. However, it's been tested multiple times over the past weeks and seems to be real.
399.
Post 12159418 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.23h):
$254.90 on Stamp. The bears are out in force by the looks of it, I'm feeling pretty negative at the moment, still going to HODL as usual obviously, I understand bitcoin is a long term investment but this XT bull shit with Hearn & Gavin is causing the price to tank imo. Weak hands are panicking & getting out
This price dip is nothing compared to the crash that would happen sometime next year when Core Dev allows the 1MB to cripple legitimate user tx throughput.
+1
400.
Post 12169517 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.23h):
1,000 coins just dumped on Finex. Took out a small wall
401.
Post 12177253 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.23h):
So are blocks easier to find on Bitcoin XT?
should I start mining with my PC?
there both mining the same chain, I think it's set to be like that for like a year or so? then finally the block limit will increase on XT and the split will happen.
The conditions for fork are 1) after January 11th 2016 2) 75% of blocks carrying XT flag sustained for over 2 weeks. So we could see XT take over as soon as 5 months down the road.
Right now, 11.2% of nodes have switched over to XT. Once that gets over 50% more miners will jump on board and there should be a snowball effect.
402.
Post 12177307 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.23h):
403.
Post 12233785 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.24h):
Finex longs down to $23,000,000
Shorts up to 20,000 BTC
404.
Post 12245681 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.24h):
Here we go... UP UP UP!
405.
Post 12245927 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.24h):
Here we go... UP UP UP!
Or down... you know... whatevvvaa
406.
Post 12707568 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.28h):
Someone just blew their load on bfx.
Price recovering pretty quickly though. Already filling in below.
407.
Post 12787453 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.29h):
10K coins added to the ask wall on Finex.
408.
Post 12805673 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.29h):
This reminds me of those scenes in the movies where they are storming the castle gate with the battering ram
409.
Post 12825380 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.29h):
Wow! Finex shorts shot up to 20K while I was sleeping... Meanwhile USD longs unchanged.
That's +6K more shorts than yesterday and price still on the upswing.
Ask side starting to look pretty thin across all exchanges too...
410.
Post 12837025 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.30h):
$20+ spread between western and Chinese exchanges now... why isn't this being arbed?
411.
Post 12879317 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.31h):
OK Coin/ Huobi = $460
BTC-e = $386
$74 spread....
412.
Post 12888843 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.31h):
413.
Post 12889588 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.32h):
Sell orders keep stacking up!
That's a wall... someone wants to keep the price down until after the auction. They flashed it a few times on the way up but it always got pulled.
414.
Post 12889610 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.32h):
Sell orders keep stacking up!
That's a wall... someone wants to keep the price down until after the auction. They flashed it a few times on the way up but it always got pulled.
And whoever dumped all those coins to crash the market is probably now re-buying from anyone dumb enough to line their coins up in front of that wall.
415.
Post 12890512 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.32h):
I was thinking in low 300 after the dump and we are on 440 again. Bitcoin prices are so impredictable, it´s like a living organism...
Not that unpredictable... look back at the 2013 run-up. You can see the same kinds of orchestrated pullbacks.
416.
Post 12891396 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.32h):
Crazy volume on Finex
Also, the sell wall is peaking 35k coins now (mainly one entity) but still heavy resistance to going any lower.
417.
Post 12908210 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.32h):
Next leg up incoming. Shooting for $550
418.
Post 12909727 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.32h):
Looks like we are going to $450 and then slowly to $600
... why do people always aim for highs... we had the big push to the upside.. If we would be ready to go higher we would already be..
We are likely going to push up to max. 450$ but I don't think we are going stay at this level, people are just going to short there and make easy money with a smart s/l...
.... why do people not bother to look back at past bubbles... expand it out and see that there were deep retraces lasting days before the parabolic uptrend resumed... compressed onto a 2 year graph it looks like a straight line up but there are important details being overlooked...
419.
Post 12925138 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.33h):
Guys, is it time to sell yet? Should I wait for the price to drop another $20?
I'm young and new and in need of guidance from seasoned gentleman-traders like you.
A lot of people here will tell you to sell... and then buy your cheap coins... and them sell them back to you for a 20% markup in a few days...
So don't trust any advice you get here. Put in a bit of time, do some research, try to understand the long term outlook for the technology.
420.
Post 12928478 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.33h):
421.
Post 12951856 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.33h):
1K in shorts just closed on Finex... still 14K+ to go
422.
Post 12952016 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.33h):
1K in shorts just closed on Finex... still 14K+ to go
Where did you see it?
423.
Post 13100732 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.35h):
HUGE volume across all exchanges
424.
Post 13182581 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.36h):
If we don't break 400 soon, we will see an epic dump.
Save my words
Aaaaaaaand it... broke $400
425.
Post 13184764 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.36h):
If we don't break 400 soon, we will see an epic dump.
Save my words
Aaaaaaaand it... broke $400
When referring to BTC price generically, we go by Bitstamp's price, here unless otherwise specified.
Accordingly, Bitstamp has not yet gone beyond $400 in the past week - I believe $399.91 is as close as it has been to $400.
"We" definitely do not go by Bitstamp's price here. For a short window between the time Gox collapsed and Stamps got hacked that may have been true but certainly not now.
426.
Post 13185186 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.36h):
If we don't break 400 soon, we will see an epic dump.
Save my words
Aaaaaaaand it... broke $400
When referring to BTC price generically, we go by Bitstamp's price, here unless otherwise specified.
Accordingly, Bitstamp has not yet gone beyond $400 in the past week - I believe $399.91 is as close as it has been to $400.
"We" definitely do not go by Bitstamp's price here. For a short window between the time Gox collapsed and Stamps got hacked that may have been true but certainly not now.
I'm NOT saying that bitcoin's price is controlled by bitstamp but rather if you are generally referring to BTC's price, then you should get on the same page with everyone else with your price references...
Alternatively, you can specify the source of your price assertion every time that you make one for clarity sake regarding how you arrived at your price reference.
Accordingly, what I said earlier stands, and it is not something that I made up because it is true in bitcoin discussion places other than this forum as well.
I think that your assumption that most people here go by Stamps price is misguided. Finex has been the leading "western" exchange for quite some time and I see people here quoting that price most frequently. And if you don't believe me just ask Chart Buddy...
427.
Post 13189425 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.36h):
USD $2 mil added to Finex longs over the past 2 days vs +1,000 coins in shorts.
Now stands at:
USD $25,248,762.89
BTC 9,347.02
428.
Post 13314314 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.38h):
What is Coinsetter and why is the price currently USD $495?
429.
Post 13470975 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.40h):
THAR SHE BLOWS CAP'N!!
430.
Post 13471684 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.40h):
Speaking of borrowing money, almost $1 mil opened on finex to fuel that bullgasm.
Funny how okcoin had to kill the volumizer when things started going.
Talking BFX, the longs came after the rise.
And a bunch of short opened too after the rise ~800BTC. Shorts now stand at 16.5K
431.
Post 13544721 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.40h):
Since the big dump yesterday all the alts have been getting pumped silly. Most are up by +25% or more.
432.
Post 13544788 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.40h):
Since the big dump yesterday all the alts have been getting pumped silly. Most are up by +25% or more.
Another exaggerator.
Maybe exaggeration is contagious?
Out of the top 20 alts, only one is up more than 25%, and out of the top 100 alts, fewer than 15 are up more than 25%.
Are any of the rest of the alts meaningful, or should we look through the whole list of 681 alt/shit coins on coinmarket cap? Do you have another source?
Even though there may be something going on regarding the pumping of various alts, what is going on hardly seems to qualify as "most are up... blah, blah, blah"
Sort results by volume.
Also, you are looking at the gains for only the past 24hrs.
433.
Post 13554911 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.40h):
It's easy as shit to dispute his arguments. He's basically claiming that if the blocks ever fill up, then Bitcoin has failed. Since Bitcoin can't scale to world reserve currency without really fucking big blocks (133MB with lightning network and way higher without it), it's pretty much guaranteed to have full blocks and a fee market no matter what you do. While I do think Bitcoin needs at least 8MB blocks to remove most of the glass ceiling on price, his logic is not sound at all about it succeeding or failing based on blocks being full or not.
That post might impress Bitcoin noobs into thinking there's some type of crisis, but blocks becoming full was always destined to happen from day 1. The real issue is that Lightning Network does not exist TODAY, and so blocks should be raised so that Bitcoin has more room to grow until that happens, assuming Lightning Network is even the solution to all our problems in the first place. The way I see it, a collateral bid, deterministic block production system with something like 1001 fixed block producers is the only low hanging fruit I see to solve decentralization and on-chain scaling at the moment:
https://bitcointalk.org/index.php?topic=1317450.0I am intersted in the bit where he talks about reversing payments. is what he seems to be saying actually true? if the seller of the goods waits for say 4 confirms does that not still protect him. if it is going to be common place for reversals (double spend) then people will always opt for credit cards and the protection they provide and not move to using bitcoin as much?
RBF (Replace by Fee) only applies to 0 confirmation transactions... as far as I understand it
434.
Post 13646581 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.42h):
BTC-e $10 premium!
Is today opposite day?!?
435.
Post 14982885 (copy this link) (by medialab101) (scraped on 2020-04-04_Sat_14.51h):
BOOM!!!!
