All posts made by Piper67 in Bitcointalk.org's Wall Observer thread
1.
Post 1863002 (copy this link) (by Piper67) (scraped on 2020-04-04_Sat_10.53h):
So today was supposed to be the day Gox switched the system and would only allow bids if the wallets were funded. Do we have any confirmation that this change has happened? How will we know?
2.
Post 1865235 (copy this link) (by Piper67) (scraped on 2020-04-04_Sat_10.53h):
I thought Gox was closing for US customers and CoinLab opening on or by April 15th?
What happened
Pushed to May 7 last I heard
3.
Post 1874965 (copy this link) (by Piper67) (scraped on 2020-04-04_Sat_10.53h):
A small wall just before $98 just disappeared. In both directions, the market depth is basically meaningless.
Individual walls are meaningless, but the total sum is a very good indicator of ... something.
Bid sum just went higher than 20 mil for the first time.
4.
Post 1878200 (copy this link) (by Piper67) (scraped on 2020-04-04_Sat_10.53h):
5.
Post 1896162 (copy this link) (by Piper67) (scraped on 2020-04-04_Sat_10.53h):
Seems like a rocky road but so far the trend has generally been up. Started the day at ~120-ish, and now its $124-ish. It'll be nice if we can break the $137 level though. That's key.
124/120 gives you 3.3% per day.
With such boring rate, we will reach my target of $300k by...
...Christmas?
Yes.
This year.
"Mankind's biggest failure is our inability to understand the exponential function"
6.
Post 1896829 (copy this link) (by Piper67) (scraped on 2020-04-04_Sat_10.53h):
I'm shocked no one has posted a "Weekend Y U No Dip" meme
7.
Post 1897025 (copy this link) (by Piper67) (scraped on 2020-04-04_Sat_10.53h):
Sorry, that 1 minute red candle spooked the shit out of me. I jumped the gun on getting permission to post ridiculous pics. I'll go take my ritalin now...
Red Candles == Strictly Forbidden
One minute candle? Dude, one minute anything when it comes to Bitcoin is a recipe for a heart attack.
8.
Post 1905651 (copy this link) (by Piper67) (scraped on 2020-04-04_Sat_10.53h):
These DDOSs are starting to become ineffective
Fucks given: not two
9.
Post 1930649 (copy this link) (by Piper67) (scraped on 2020-04-04_Sat_10.54h):
I've turned from short term bear to short term bull, the constant price gains set a mood of regaining confidence, generating buying spree and hysteria to hop in the bandwagon until the next bubble burst. $200
here we come!
"Return to normal"
For a lot of people 'normal' never left, haha. I've seen bitcoin do these mega drops like four times now over the last couple years. We'll see how this plays out but a continued rise wouldn't surprise me.
For a lot of people it's either "delusional", "denial" "return to normal" or "despair".
Charts are the last refuge of a small mind
10.
Post 1930701 (copy this link) (by Piper67) (scraped on 2020-04-04_Sat_10.54h):
O... M... G... !!!!!
Fasten your seatbelts, everyone.
11.
Post 1930725 (copy this link) (by Piper67) (scraped on 2020-04-04_Sat_10.54h):
And just as with WU, there appear to be two solutions to the equation. In one, Bitcoin is the enemy. In the other, it's an amazing technology that can save them millions if co-opted. The fact that Marcus didn't flat out refute it, and that he spoke somewhat knowledgeably of miners and so on... this is big.
12.
Post 1932374 (copy this link) (by Piper67) (scraped on 2020-04-04_Sat_10.54h):
And here come the Wednesday bears in their adorable Wednesday bear outfits. Possibly to be closely followed by the Wednesday DDOS in its adorable Wednesday DDOS outfit.
Let's see what the fucks given rating is this week, shall we?
13.
Post 1933620 (copy this link) (by Piper67) (scraped on 2020-04-04_Sat_10.54h):
According to the mtgox walls, 23 Million USD takes us to a BTC valuation over $1000. Not a lot of money in the whole scheme of things.
You should know that means nothing.
FACT: according to the order book, someone willing to cash out just 18 Million USD takes us to a BTC valuation in the low single digits. Not a lot of money in the whole scheme of things.
Imagine satoshi decides to cash out the 1M
BTC he has, because is time for him to retire. Yes, you know what would happen: BTC would suddenly go to 0. And that will happen, sooner or later, because nobody can wait to be rich forever. Just pray that the market depth will be 10,000 times bigger than now, so we just go to low double digits when he decides to sell, and not straight to 0.
He's already rich. When he needs fiat for something, he can sell some BTC. If what he wants can be paid for with BTC, he doesn't need to sell them at all.
Talk of cashing out is, once again, just a failure of the imagination.
14.
Post 1933668 (copy this link) (by Piper67) (scraped on 2020-04-04_Sat_10.54h):
According to the mtgox walls, 23 Million USD takes us to a BTC valuation over $1000. Not a lot of money in the whole scheme of things.
You should know that means nothing.
FACT: according to the order book, someone willing to cash out just 18 Million USD takes us to a BTC valuation in the low single digits. Not a lot of money in the whole scheme of things.
Imagine satoshi decides to cash out the 1M
BTC he has, because is time for him to retire. Yes, you know what would happen: BTC would suddenly go to 0. And that will happen, sooner or later, because nobody can wait to be rich forever. Just pray that the market depth will be 10,000 times bigger than now, so we just go to low double digits when he decides to sell, and not straight to 0.
He's already rich. When he needs fiat for something, he can sell some BTC. If what he wants can be paid for with BTC, he doesn't need to sell them at all.
Talk of cashing out is, once again, just a failure of the imagination.
He never moved a single coin. Not entirely true, he did some test transfer to Hal Finney, but that's it. He/they may be dead, or he/they may be planning to dump his/their stash at once. If not, why Satoshi did not sell coins till now? Why Satoshi did not buy anything with bitcoins? Is all in the blockchain. His coins never moved apart from some well documented transactions to early cooperators.
You're assuming a single wallet, little grasshopper... never ever assume, you just make an ass out of u and me.
15.
Post 1940762 (copy this link) (by Piper67) (scraped on 2020-04-04_Sat_10.54h):
... but a single "market order" dump of 69K coins triggered the crash.
How do you know the crash was caused by someone dumping 69k coins at market? Is this a verifiable fact or speculation on your part?
If speculation, why do you believe someone did this?
I don't understand who in their right mind would do such thing?
I mean it's a very poor way to sell a position so large, right? Since you will get serious slippage?
You are assuming the seller just wants the best bang for his buck. What if he/she just wants to bring the price down, or shake the market, or inspire panic, or...
16.
Post 1950786 (copy this link) (by Piper67) (scraped on 2020-04-04_Sat_10.54h):
4h EMA as seen on ClarkMoody is about to cross. That's bearish, right?
With that said, I really don't understand why people are selling; everything fundamental is growing stronger each day. When I look at the press and public awareness, I can only see bullish signals.
And so too do the bears, unfortunately, which is why the FUD is multiplying astronomically on this forum (and possibly why these dumps are happening).
17.
Post 1951426 (copy this link) (by Piper67) (scraped on 2020-04-04_Sat_10.54h):
4h EMA as seen on ClarkMoody is about to cross. That's bearish, right?
With that said, I really don't understand why people are selling; everything fundamental is growing stronger each day. When I look at the press and public awareness, I can only see bullish signals.
You joking right? Articles about bitcoins aren't fundamentals. Arguably, exchanges aren't either, but practically speaking they are and they have been
dropping closing like flies.
coinlab seems like it will open soon, down with the weak in with the stong
Any updates on the Coinlab integration? Their website is still stuck with the March 21 update.
18.
Post 1953697 (copy this link) (by Piper67) (scraped on 2020-04-04_Sat_10.54h):
Popcorn ready and...
whats that from? (Degrassi?)
My guess is Lost Girl
19.
Post 1979416 (copy this link) (by Piper67) (scraped on 2020-04-04_Sat_10.54h):
Right, because when kiddie porn was first put onto the internet, everyone freaked out and stopped using the internet.
Please, if you're going to FUD at least have the decency to do it well.
I have no intention to spread FUD
But you won't deny that's the type of headline that would make quite a lot of people to freak out if it arrives to mainstream front pages. Hopefully it won't be given any credit.
This has been popping up on and off since 2010. Use the search function... Unless you ARE trying to spread FUD.
20.
Post 1984967 (copy this link) (by Piper67) (scraped on 2020-04-04_Sat_10.54h):
We might not see much activity these days, May 1st is holiday in many countries and here in Bosnia particularly it is a traveling holiday, people move a lot during these days.
Oh, well, if Bosnia isn't on board we might as well all pack it in
21.
Post 2011784 (copy this link) (by Piper67) (scraped on 2020-04-04_Sat_10.55h):
The lawsuit isn't a good news. The possibility that MtGox remains in Japan is.
And no, this didn't affect the price.
They're not immune just because they're in Japan. Various interlocutories and especially Judgment in favour of the Plaintiff could easily result in Gox having to suspend trading privileges to US/Canadian clients.
The "good" part of the news is that a) lawsuits are very slow; and b) the more hopeless Gox's side of the case is the more likely they are to settle before shit gets real.
There's very little evidence this is an actual lawsuit. The timing is highly suspect (at the close of day just before a long weekend in Japan), the suit doesn't appear in the database in the jurisdiction where it was filed, there's no court seal on the document itself and there's no indication on the CoinLab site (which would obviously be there if the matter has already gone public).
Anyone can draw up an official-looking statement of claim and "leak" it.
EDIT: on another thread, it appears the suit has popped up on the database after all. That would mean the statement of claim, at least, is legit.
22.
Post 2018420 (copy this link) (by Piper67) (scraped on 2020-04-04_Sat_10.55h):
Chewing on that wall, we all know that will be slowly eroded until it collapses. Where is the right spot to buy? The next wall if forming at 85...
It's not where, but when. Wherever the price is at around 8 PM Eastern time on Monday... that's the price to buy at.
23.
Post 2018569 (copy this link) (by Piper67) (scraped on 2020-04-04_Sat_10.55h):
Chewing on that wall, we all know that will be slowly eroded until it collapses. Where is the right spot to buy? The next wall if forming at 85...
It's not where, but when. Wherever the price is at around 8 PM Eastern time on Monday... that's the price to buy at.
why? The bid volume is much greater than the ask volume and that haven't stopping the price from slowly droping? Why would it suddenly go up on monday.
This is a long weekend in Japan, from Friday to Monday. The next working day there is Tuesday, so the Japanese banks will be closed until then. That means there cannot be any new fiat (dollars, euros, yen) going into MtGox for another three days. Now, there could be money sitting in MtGox but not on the order books... just like there could be BTC there and not on the books. We don't know how much of each there is. But we do know that for the next three days BTC can move in and out of Gox easily, fiat can't. That puts downward pressure on the price, until the banks open Tuesday morning and people start seeing their deposits going through.
24.
Post 2060581 (copy this link) (by Piper67) (scraped on 2020-04-04_Sat_10.57h):
Well, the oscillations (gravy train) are essentially over on the mother-of-all-triangles. We are entering the pinch point. The next few days will be interesting.
In all metrics you could go either way:
On the one hand we have 17M on the bid side which is over double what we had originally climbing into 100. But the end of the bank holiday did not increase bids. Of course, the pinch point is not a good time to place bids if you can just watch the charts so there could be secret rocket fuel on Gox.
On the news front we have very bullish news coming out of China, but medium term. But those directly involved will not be able to buy for quite some time. And we seem to have news exhaustion in the western world -- what coverage there is is all about speculation or regulation. But lots of bears posting here... implying that people who wanted out are out.
Fundamentally, the transactional uses for BTC that have existed since early/mid 2012 seem to remain strong (although I haven't heard updates from gambling sites, etc). So the 2012 extrapolated exponential trendline (call it E0) seems very solid. However, the question the market will resolve in the next week is whether the E1 trendline (starting Jan 2013) is also solid (leaving E2 and E3 as the bubble exponentials). On the bull side, note the trendline started near the block reward halving event & adoption of BTC payment options by certain web sites (these events sequester/limit supply and remain in force). On the bear side, that trendline is still freakin' insane :-), and anyway "final capitulation" event would likely plumb below it (we are right on it now). Also on the bear side: rpietila thinks its a sure thing, and is basing his "I am THE new gentleman elite" posts on its continued performance.
Don't forget the bid side only shows what's on the order book. In fact, the charts you get from blockchained.com offer pretty much the same information as what you get from bitcoinity or bitcoinium.
Now, if someone could tell us how much money is sitting OFF the books... oh hang on, don't I recall an interview with Mark Karpeles a while back? Wasn't he sitting on a yoga ball?
25.
Post 2061478 (copy this link) (by Piper67) (scraped on 2020-04-04_Sat_10.57h):
Thank you for all the coins. Rpietila has bought 2,500,000m
BTC, left the trading desk, and will join the guests in his conference.
Speaking of oneself in the third person is a bad sign indeed, my friend
Oh, forgot to add:
- I will always quote in minicoins (m
BTC) from now on
- I don't think we see $0.1 ever again
- I can still write puts for $0.1, PM me
- If you want to know, how much I made and how, it will be a workshop case study in my conference
Hmmm... minicoins, that's where you and I part company, my friend. Millibits, sure. Minicoins... there's nothing mini about them
26.
Post 2061578 (copy this link) (by Piper67) (scraped on 2020-04-04_Sat_10.57h):
Thank you for all the coins. Rpietila has bought 2,500,000m
BTC, left the trading desk, and will join the guests in his conference.
Speaking of oneself in the third person is a bad sign indeed, my friend
Oh, forgot to add:
- I will always quote in minicoins (m
BTC) from now on
- I don't think we see $0.1 ever again
- I can still write puts for $0.1, PM me
- If you want to know, how much I made and how, it will be a workshop case study in my conference
I believe rpietila to be genuine. And i think most people on here do not understand the northern european (scandinavian) mentality - very business like - no emotion.....pure and utter efficient.....Finland is pretty much top of the quality of living scale...very very different mentality.
I would appreciate his opinions on where he thinks we go from here,
He clearly said we won't see $100
ever againHe already said that twice at different price spots failing big time, and he justified himself that he has to make fake predictions to protect his investments (or something like that)
Let's see how this one plays out.
Not to mention he often gives it a 50% chance of happening... which is sort of like not predicting much, if you ask me.
Still, can't help but like the guy a bit... ego and all
27.
Post 2061912 (copy this link) (by Piper67) (scraped on 2020-04-04_Sat_10.57h):
Major Human Flaw: Some people refer to themselves in the third person.
Explanation by Elsa Ronningstam, associate clinical professor of psychology at Harvard Medical School and author of Identifying and Understanding the Narcissistic Personality: Referring to yourself in the third person creates distance between "I" and "he." So if you have an exaggerated view of how great you are, you could be using this distance to make yourself even bigger. Or, if you've achieved major success suddenly, using the third person could be a way to adjust to the bigger role that's been assigned to you. It's a way to enlarge yourself to fit that role.
Richy_T concurs.
Not me.
You should change your name to nothim... or nother (though a lot less likely)
28.
Post 2063014 (copy this link) (by Piper67) (scraped on 2020-04-04_Sat_10.57h):
Yes it is.
LOL. Do you know the back story for that insanity? I called him a clown before but now it seems much more fitting.
Isn't he just showing off all the silver he owns?
Do you put silver pots on your head, hang it off your ears, and generally pour silverware all around your body like a lunatic?
I guess we should all thank our lucky stars he doesn't keep his wealth in olive oil.
29.
Post 2063883 (copy this link) (by Piper67) (scraped on 2020-04-04_Sat_10.57h):
Bitcoincharts.com shows trades happening constantly on BTC China, the last one zero minutes ago.
30.
Post 2064006 (copy this link) (by Piper67) (scraped on 2020-04-04_Sat_10.57h):
Retest of the $110 soon?
I think so
we will hit 126 and fly away
You need to change your avatar ... penguins can't fly
They can, provided there's enough ooomph in the cannon
31.
Post 2093619 (copy this link) (by Piper67) (scraped on 2020-04-04_Sat_10.57h):
Incidentally, a stable price while 3600 new coins are produced each day means the value of Bitcoin is actually on the rise.
32.
Post 2094122 (copy this link) (by Piper67) (scraped on 2020-04-04_Sat_10.57h):
More I learn about this world more enticing starting an exchange becomes.
Already have the legal and accounting resources. Any developers out there interested in a project please pm me. Based in Canada.
Go for it man ! Be nice to have another option besides CanVirtEx, where it is pretty difficult to get money in or out of without using a bank account.
Have you tried liberty bit?
33.
Post 2098021 (copy this link) (by Piper67) (scraped on 2020-04-04_Sat_10.57h):
Hey Bears! *knock knock*
Is it just me or does it look like rpietila flying through the door of the plush hotel ?
Can't be... where's the limo?
34.
Post 2098036 (copy this link) (by Piper67) (scraped on 2020-04-04_Sat_10.57h):
Yummy wall
35.
Post 2099249 (copy this link) (by Piper67) (scraped on 2020-04-04_Sat_10.58h):
If BTC wants to reach out to the average middle class out there it needs to value itself at $30-50
Hm? What is this?
Would you say gold is too expensive, middle class should buy silver instead because it's cheaper?
A bit (or mBTC) is still only 12 cents. Cheap enough for the middle class to buy?
I admire your patience.
Yeah, molecular, what's the point in ignoring the troll if you're going to quote him anyway... Nevertheless, your patience is admirable
36.
Post 2101150 (copy this link) (by Piper67) (scraped on 2020-04-04_Sat_10.58h):
My gut is screaming bull trap
My gut is screaming bull trap, bear market, capitulation, and bear trap all at the same time.
Getting mixed signals here.
Once, when asked about his gut feeling, Carl Sagan said: "I'd really rather not think with my gut, my brain does the job a lot better"
37.
Post 2105716 (copy this link) (by Piper67) (scraped on 2020-04-04_Sat_10.58h):
Here's a graph for the Gyft android app downloads. You can guess when they started accepting bitcoins
these gift cards only work in US
not canada right?
Nope, no Canada.
38.
Post 2113043 (copy this link) (by Piper67) (scraped on 2020-04-04_Sat_10.58h):
The idea that people are "slowly" fleeing the market and "slowly" panic selling and that it's just an extended collapse is turning into a bad punchline. The only people left saying that are people trying to get back in at a discount.
I agree with about the oxymoronic use of 'slow' panic
... that don't make much sense ...
However, I dont agree that anyone who wants to buy in at a lower level than this is trying to get in at a discount. There are a lot of assumptions in that. I know that is not exactly what you said, but similar things have been said by many people, so I am just pointing it out that it ain't necessarily so. I am sure there are people running round trying to scare people so they can buy cheaper something they believe to be worth more (I see them!). Some others amongst us just don't want to buy at these prices and see too much risk here and now.
In a bubble collapse, there are often bag holders who are wary to sell at a big loss so hang on for a while and those who attempt to double-down. I got involved in one once (on the advice of someone else. I should have known better) and watched as it took about four months for my shares to drop from 40c to 1c or so after the bust.
I don't think that's what's happening with Bitcoin at all but it's simply not necessarily the case that the deflation after a bubble burst is all that quick.
In the bubble burst from $32 to $2.50 I did not sell a single coin. Instead I've been buying increasingly more thinking: "you idiots, it's just bad press, the fundamentals are sound" and so on. A bit green behind the ears I was back then.
Of course in hindsight it would've been better to sell all and buy back in at $2.50.
On the other hand I recently talked to a guy I got to know in early 2011. He had been mining and sold everything in late 2011 only to discover bitcoin had gone to 3 digits. He now says: I won't buy, it's too expensive.
Just holding on to your coins is not the best thing to do, but not the worst thing either.
Yeah, but hindsight is also 20/20. I'm pretty sure (haven't done the hard maths, and probably won't cause it's the weekend) that if you start from the premise that you'll trade successfully only 50% of the time, buy and hold is a much better approach in the long run than trying to play the market swings.
39.
Post 2126834 (copy this link) (by Piper67) (scraped on 2020-04-04_Sat_10.58h):
$1M usd disappeared today from the order book.
We may see cheap coins soon
We all had many chances now to buy cheap coins. How much longer will it make you extremely happy to see Bitcoin go down instead of up? Another year? 5 years?
^ this. It's been more than long enough now. Cheap coins are pointless if you keep cheapening them.
If 2011 did teach us something, it's there's always cheaper coins.
Nonsense. If 2011 taught us anything is that there's a window for cheaper coins, and if you miss it, you've missed it.
40.
Post 2134749 (copy this link) (by Piper67) (scraped on 2020-04-04_Sat_10.58h):
Adam should rename this thread from wall movement tracker to fiction, fairy tales and dreams...
The quality of the forums is inversely proportional to the BTC/USD exchange rate, it seems.
41.
Post 2142873 (copy this link) (by Piper67) (scraped on 2020-04-04_Sat_10.58h):
Page 400!
All Time High for this topic
It's a bubble... correction coming soon.
42.
Post 2145801 (copy this link) (by Piper67) (scraped on 2020-04-04_Sat_10.58h):
Without the walls, the ask side is looking very shallow.
And if my grandmother had wheels she'd be a bus... the walls are pretty pointless, but they're still there
43.
Post 2145835 (copy this link) (by Piper67) (scraped on 2020-04-04_Sat_10.58h):
i think we should hold here for a while, lets enjoy the nice wall at 120
stable bits FOREVER!
Panic stable!
44.
Post 2146494 (copy this link) (by Piper67) (scraped on 2020-04-04_Sat_10.58h):
Ask bids are slowly piling up and buying pressure is slowly expending
I think we won't be breaking 120 for a few days unless some big players decide to buy 4k of bitcoins or the mega walls there are lifted.
There is at least one person who I know is debating whether to buy that entire wall right now.
That person should probably just put up a buy wall instead and eat the next "durrdurr i m a bear" dump. More coins for less.
Nah, the way things are now, all coiled up, the moment a wall pops up on the bid side that 4k ask wall gets eaten alive.
45.
Post 2147573 (copy this link) (by Piper67) (scraped on 2020-04-04_Sat_10.58h):
Good news (trust me, it is) + One guy dumping = PANIC!
Or someone trying to use the dwolla news to generate a bit of panic and get cheap coins... oh well, nothing we haven't seen a million times before.
46.
Post 2157508 (copy this link) (by Piper67) (scraped on 2020-04-04_Sat_10.58h):
I don't have enough knowledge, but could it be that this "Money Services Business (MSB) Accounts, Identification of an MSB Customer" filled by Gox 2011 lost his legitimation or correctness after the recent FinCEN guidelines? I'm not even sure, if they define BTC as currency. Would love to hear some more details, if relevant.
It sounds like a lawyer fail on MtGox's part. The DHS knows about CampBX, they do the same thing (also through Dwolla). If this is all because they didn't properly setup/register the LLC, it's even less of a big deal then anyone could have expected. They'll probably pay a fine and pay some lawyers to set things up properly. Clearly the DHS isn't after Bitcoin or trying to shut down MtGox. The company MtGox setup in the USA was poorly planned/executed and got them in hot water. I'd imagine this gets resolved within a few months.
If I were a betting man I'd bet that the ICE agent in question:
a) Is trying to buy a shitload of BTC, or
b) Has a stake in CampBX
47.
Post 2159461 (copy this link) (by Piper67) (scraped on 2020-04-04_Sat_10.59h):
Not familiar with any laws (or how to read them lawyer speak) so might a dumb question...but does the USD being legal tender in the US mean that other currencies are illegal? Or the other currencies can still be be used but just not legally obliged to be accepted?
From my limited understanding as well (so nothing dumb about it, my friend) a business can not accept a foriegn currency. It can only deal in US legal tender. It's not illegal to possess them, but to spend them in the US, on US goods and services is a clear violation of US policy.
So by that thinking, and as one stated earlier, owning Bitcoins is not illegal. Using them is or at least technically.
Every single gas station and grocery store in the USA along the Canadian border accept Canadian dollars.
Let's give strange the benefit of the doubt here. He acknowledges that his understanding is limited.
The concept at play is "legal tender". All that means is that if there is a debt to be settled within the jurisdiction of the US courts, the receiving party cannot refuse to have that debt settled in US dollars.
In other words, any two parties can agree on any kind of payment they so choose. But if one party says "I will pay you in US dollars" the other party can't refuse.
48.
Post 2159601 (copy this link) (by Piper67) (scraped on 2020-04-04_Sat_10.59h):
Let's give strange the benefit of the doubt here. He acknowledges that his understanding is limited.
I believe it's actually Coinseeker who acknowledged that. :-)
You're right, in that case the benefit of the doubt may be a stretch, since he's quite obvious in his desire to spread FUD. My bad.
49.
Post 2170124 (copy this link) (by Piper67) (scraped on 2020-04-04_Sat_10.59h):
@coinseeker... you're trying too hard.
Come clean then, have you shorted BTC? Might be easier for you to just give up now and liquidate your position early. It'll be a lot less stressful for you in the long run.
He's been here 3 weeks. His wife only let him buy 1.5 BTC. He doesn't even know what shorting is.
Wife? They let 13 year olds get married now? Maybe his cousin or something...
50.
Post 2171818 (copy this link) (by Piper67) (scraped on 2020-04-04_Sat_10.59h):
sorry to dig up a post several pages back but just catching up on today and:
A - thanks for this post, the cosby coin troll history has totally made my day
B - thanks for this post, newcomers like myself can benefit from this advice/reality check... someone talking with authority does not necessarily have authority (or if they do, maybe not relevant experience to back it up)
C - Personally I might go back to lurking in order to "take some notes" and "learn a few things" rather than engage so much... it's probably more productive!
Yeah some people flipped out when their Bitcoins were being "converted" to CosbyCoins. There's people who think Bitcoin is a ponzi scheme right now, back in 2011 it was hard to generate any creditability. And when the main forum gets defaced with CosbyCoins it was sorta hard to take it seriously. Lots of hacks, lots of stolen coins, exchanges disappearing, bitcoin wallet sites getting hacked, MtGox getting hacked, lots and lots of bumps in the road.
But like this most recent DHS stuff, MtGox gets their shit in order, everyone else checks how they do business, things get more secure, Bitcoin keeps on keeping on.
The blockchain endures!
51.
Post 2172052 (copy this link) (by Piper67) (scraped on 2020-04-04_Sat_10.59h):
"I am currently detained in a psychiatric institution in Helsinki, because I need rest. My physical well-being is taken care of."
Edit: Do psych wards have wifi?
That depends - currently I use my own equipment. But seriously guys, the whole idea is that this would be a period of
rest for me. I have worked too hard, gotten irritated, and my behavior has not been up to the par. So now I will take a rest and mind my own business in calm quietness for days, weeks or months. They will tell me when I am clear to leave. Just forget about me, until I come public again.
If everybody talks about me all the time, what difference does it even make whether I am here or not?? Roni Blomberg (rontus). Ambassador-at-Large of rpietila supernode in
San Jose.
If somebody believes that
I do not even exist, there is a good way to find out. If
rontus does not appear to San Fransisco airport with flight SK3713 scheduled to land at 12:20 PST (in about 30 minutes from now, though I don't know or care if it's early or late), I am probably a bullshitter. If he does, but denies being my Ambassador-at-Large, I am a joker. If however he comes with Annina, who is a tall and beautiful lady, and they both tell stories about the Haikko Summit, and express their reverence towards me who sent them there (even though I was physically detained in an institution), you just have to believe me
and leave me alone. Right? Please..?
Shit, if a tall and beautiful woman shows up at a Bitcoin conference we're all doomed anyway.
Get better!
52.
Post 2210830 (copy this link) (by Piper67) (scraped on 2020-04-04_Sat_10.59h):
I guess it is safe to say that none of us know. But in danger of missing a Black Swan go by I would rather sacrifice some future "profit" or holdings of BTC by trying to buy in later at lower prices, with just holding at what I see to be a great price - now. But I can say, it is wise to have capital available to buy more in later should that occur. But it sounds like you are trying to rationalize the greatest social experiment in the history of our civilization. Think about that.
Now, if it jumps up $100 or $200 in a day, your going to be there sitting in cash. Moral...
Don't try to time a Black Swan.
People should really try to comprehend this. The small value you are likely to gain by waiting (which is relatively probable) does not beat the enormous gain you lose by being out when the price suddenly spikes (even though this is a far less likely event to happen in the time-frame you are out of BTC). The opportunity cost of choosing fiat over BTC short term can be extremely high.
Exactly. If you get super lucky and call it right you might get another 20% or so, but if you call it wrong you are holding ZERO and buying in at much higher levels.
[snip]
In other words, you see nothing wrong with Pascal's Wager?
I think you have to add another column...."Wrong God Exists" there to be more accurate.
Isn't there an infinite chance that the god he could "believe in" is the wrong one?
In that case believing in no god is probably better than believing in the wrong one.
You should also add another column "right god exists but doesn't want you to believe in him" and another "wrong god exists but doesn't want you to believe in him" and so on and so forth. Pascal's wager has been discredited as an argument for the existence of god for quite a few decades now, just like pretty much every other argument for the existence of god. Also, it's hucksterish... "believe in god to hedge your bets", not a particularly moral position.
53.
Post 2221630 (copy this link) (by Piper67) (scraped on 2020-04-04_Sat_10.59h):
I think it bears repeating that a stable price is not really stable at all when you consider that 3600 new coins are minted every day. It takes new money pouring in to keep the price stable.
54.
Post 2233528 (copy this link) (by Piper67) (scraped on 2020-04-04_Sat_11.00h):
Wall update: General Franco is still dead.
Then again, it's Wednesday
55.
Post 2236935 (copy this link) (by Piper67) (scraped on 2020-04-04_Sat_11.00h):
No, it's just that some of us prefer more a considered use of words than just slapping them around. The pity is that you actually add quite constructively to the discussion now and then otherwise I'd just have you on ignore all the time but it's a high price to pay to read through this kind of stuff to get to the odd useful bit.
I wasn't at the convention and of course there were people there paying for their service to get noticed and bigging up their own products and services but from what I understand of the videos and write-ups I've seen it was very much about what is happening. So if someone says 'We added 1,900 in April' what do you want to 'see'? Their proof? If someone says 'We have partnered with x and are providing this service' do you actually need to try out the service for yourself before you believe they're doing it?
Look, you're really blowing this way out of proportion. The convention just ended. All I said was "I" wasn't putting much stock into it at this point. Me...not anyone else, I didn't try to lead people to think as I do, I simply said "I" and especially as it relates to the current price. Whether or not the convention was a success, is something I personally will determine over the next coming weeks. Again, "I" don't think it's going to have any immediate effect on the price or volume and to this point, it hasn't.
If you are going to quote yourself at least get it right, you said this "That's the entire purpose of a conference, is to make people think "things are happening". "
And that is a big smack in the face of a lot of people and I doubt anyone on these boards appreciates it.
That IS the purpose. It's a sales show. A facade. A sales prop and you of all people should know I could careless what people on these boards think. It's not my fault you guys don't know what a convention is. You drink the Kool-Aid...I know what's up. And in the coming weeks, we'll see if this song and dance has any positive benefit.
One last point...BFL was at the convention. Anyone get their units yet? Exactly...it's a song and dance. It's means nothing, in and of itself. Now, go change your panties.
I couldn't help notice the following statement: "I could careless what people on these boards think"
1st observation: it's care less not careless
2nd observation: if you don't care what people think, then why are you posting on a forum? I mean, it's not like you're here to people watch... :/
just saying...
3rd observation (since we're doing this): it's really I couldn't care less... if you could care less, it means something is so important to you that you couldn't care more. Yeah, double negatives are a bitch, but there's logic to them
56.
Post 2283779 (copy this link) (by Piper67) (scraped on 2020-04-04_Sat_11.00h):
Money is leaving Gox ($4.5M vanished from the order book in the last 10 days) and it's not arriving to Bitstamp for the moment (just aprox. $800k on Bitstamp's order book, which is a ridiculous figure).
Money leaving the orderbook does not equal Money leaving Gox
57.
Post 2299368 (copy this link) (by Piper67) (scraped on 2020-04-04_Sat_11.01h):
US Government making a move on Bitcoin is inevitable. The telegraphing thereof has already begun. Bitcoin has to survive the tribulation if it wants global adoption. If it doesn't survive, it'll fall into obscurity or be marginalized.
Sadly, I belive this too. Bitcoin have to survive this and become accepted by the common man and the governments . Otherwise all you can do with it is buy weed. Iwant to be able to buy a car with my coins someday.
58.
Post 2299790 (copy this link) (by Piper67) (scraped on 2020-04-04_Sat_11.01h):
US Government making a move on Bitcoin is inevitable. The telegraphing thereof has already begun. Bitcoin has to survive the tribulation if it wants global adoption. If it doesn't survive, it'll fall into obscurity or be marginalized.
Sadly, I belive this too. Bitcoin have to survive this and become accepted by the common man and the governments . Otherwise all you can do with it is buy weed. Iwant to be able to buy a car with my coins someday.
So , you would buy a 200k Mercedes from a website hosted on a shared hosting , with a domain purchased via Domainsbyproxy?
No, I'd buy a 200k Mercedes from someone who is selling a 200k Mercedes. How I find them and how they find me... that's almost incidental.
59.
Post 2319417 (copy this link) (by Piper67) (scraped on 2020-04-04_Sat_11.01h):
Today's or short term outlook?
I hope that we will see 137-140 in 1-3 days ...
(but the next day it's the weekend, so I do not know)
For the last few weekends, the weekend dip has been reversed. Price rises on the weekend and, if anything, dips quite a bit on Monday, Tuesday and even Wednesday, before starting to climb again.
60.
Post 2321975 (copy this link) (by Piper67) (scraped on 2020-04-04_Sat_11.01h):
Holy selloff batman!
Or, holy shakedown
61.
Post 2322206 (copy this link) (by Piper67) (scraped on 2020-04-04_Sat_11.01h):
Holy selloff batman!
Or, holy shakedown
Sorry about a noob question, but to what website should I go in order to easily see the amount of this big sell (and others)?
Try
http://bitcoinity.org/markets