All posts made by unent in Bitcointalk.org's Wall Observer thread
1.
Post 9892485 (copy this link) (by unent) (scraped on 2020-04-04_Sat_13.40h):
They are giving away free bitcoins? How could that possibly not be bullish?
Great idea! Free bitcoins to dump in exchanges...
What's the catch? I saw an exchange's advert offering the same deal, but after reading the small print I found out you had to deposit $10000.
2.
Post 9892651 (copy this link) (by unent) (scraped on 2020-04-04_Sat_13.40h):
They are giving away free bitcoins? How could that possibly not be bullish?
based on today's price thats a ~1.2% bonus to deposit 25k$, more a marketing ploy than anything methinks
Are the withdrawal fees ~1.2%?
3.
Post 9893233 (copy this link) (by unent) (scraped on 2020-04-04_Sat_13.40h):
I think this little rebound is going to bring a long fall to 2XX soon
The market's been frozen for the last half hour. People are probably waiting to see which way it goes.
4.
Post 9896261 (copy this link) (by unent) (scraped on 2020-04-04_Sat_13.40h):
Daily chart reality is still a strong downtrend and likely rallies are just another shorting opportunity.
Not likely.
The bear market is dead, up we go.
2015 will be a good year.
Even that article's author is not quite as bullish as the title implies. This is a quote from the article.
There is a distinct possibility that the price will re-test 304 in the next day or two. It may possibly test the $292 area, but it is doubtful that traders are going to be panic selling past there, IMO.
5.
Post 9899325 (copy this link) (by unent) (scraped on 2020-04-04_Sat_13.40h):
The shorter term charts right now are looking bearish whereas the 12 HR and 1D is looking bullish.
5 minute - bearish
15 minute - bearish
1 HR - undecided
6 HR - bullish
1 Day - bullish
I would say anything below 2h is near useless.
Ok I fixed it, now we're bullish all the way!
i guess the bitlicense news really change the perception and more ppl are bullish now
What bitlicense exactly?
this bitlicense
Here's another article about it.
http://www.coindesk.com/lawsky-outlines-revisions-new-yorks-bitlicense-dc-speech/
6.
Post 9905358 (copy this link) (by unent) (scraped on 2020-04-04_Sat_13.40h):
18k shorts on Bitfinex. Nothing to see here !
How many longs? Does 18k shorts on Bitfinex mean the price is likely to go up or down?
7.
Post 9914006 (copy this link) (by unent) (scraped on 2020-04-04_Sat_13.40h):
too dumb to use the metric system
That's just arrogance (on their part; inherited from the UK along with their system itself), not stupidity.
The UK switched to the metric system.
The metric system started in europe.
8.
Post 9914672 (copy this link) (by unent) (scraped on 2020-04-04_Sat_13.40h):
Really? Who sells 2K coins at market at once like that? The only purpose of that is to try and push the price down.
someone who wants to offload a lot of coins in a rush, or above 320. They got pretty low slippage for that size of order.
Someone who wanted the money and has a mountain of bitcoins left over, like the guy that moved 300k+ bitcoins.
9.
Post 9914808 (copy this link) (by unent) (scraped on 2020-04-04_Sat_13.40h):
Really? Who sells 2K coins at market at once like that? The only purpose of that is to try and push the price down.
someone who wants to offload a lot of coins in a rush, or above 320. They got pretty low slippage for that size of order.
Someone who wanted the money and has a mountain of bitcoins left over, like the guy that moved 300k+ bitcoins.
That guy we talked about yesterday? Wasn't 1JoktQJhCzuCQkt3GnQ8Xddcq4mUgNyXEa invovled? Funnily that's where the 7kBTC to 1Drt3c8pSdrkyjuBiwVcSSixZwQtMZ3Tew (supposedly bitstamp) came from.
Yeah that guy. Is there any proof 1Drt3c8pSdrkyjuBiwVcSSixZwQtMZ3Tew is bitstamp?
10.
Post 9918375 (copy this link) (by unent) (scraped on 2020-04-04_Sat_13.40h):
parallel: The actions of a single whale cannot turn the tides of the market. (edit: we've seen this today with the 2k dump)
Unless the whale is Satoshi.
11.
Post 9918464 (copy this link) (by unent) (scraped on 2020-04-04_Sat_13.40h):
parallel: The actions of a single whale cannot turn the tides of the market. (edit: we've seen this today with the 2k dump)
Unless the whale is Satoshi.
The whale isn't satoshi. Satoshi would never crash his own idea, his own vision. He is a multimillionaire, yes, but what would be the benefit to dump now?
I don't believe he would dump either, I was making the point that one man could move the market. However molecular destroyed my argument by pointing out that Satoshi would be god in this analogy, not a whale.
12.
Post 9928651 (copy this link) (by unent) (scraped on 2020-04-04_Sat_13.41h):
Price goes up...I see it on 325$ tomorrow and after Christmas at 360$. Great Christmas
Go Bitcoin, go...
Do you think that people, after eating and much drinking (will be drunk many people) price will raise? Hope to see many drunk people that invested their money in bitcoin in way to raise price, imagine scenario, that would be very funny
You would need to be drunk to invest in bitcoin at this point, after all the thrashing it's taken in the past year. Interest from the public is lukewarm, and it's failing to present any user case scenarios for success in 2015 either.
What are you talking about. I assume that you lost a decent amount of Bitcoins on Mt.Gox or so, so that you are now warning before the "evil" Bitcoin and his potential risks...
I didn't have any coins on MtGox. Fortunately I could see that they were the worst in a sorry lot of unregulated exchanges, and I steered clear. But it's a valid point nonetheless; bitcoin is inherently risky to hold compared with fiat or precious metals. You hold the risk of hardware failure, theft/hacks, natural disaster, and there's plenty of third party risk just by keeping your coins on an exchange. I've never been the victim of theft, but that's because I was careful to the point of paranoia. Who the hell -- aside from some bitcoin nutters -- wants to live like that?
And that's precisely why interest from the public is lukewarm. It's hardly got anything to offer anyone outside this forum community of hobbyists and cultists.
What other bitcoin/fiat exchanges were there this time last year besides Mt Gox?
13.
Post 9928759 (copy this link) (by unent) (scraped on 2020-04-04_Sat_13.41h):
Price goes up...I see it on 325$ tomorrow and after Christmas at 360$. Great Christmas
Go Bitcoin, go...
Do you think that people, after eating and much drinking (will be drunk many people) price will raise? Hope to see many drunk people that invested their money in bitcoin in way to raise price, imagine scenario, that would be very funny
You would need to be drunk to invest in bitcoin at this point, after all the thrashing it's taken in the past year. Interest from the public is lukewarm, and it's failing to present any user case scenarios for success in 2015 either.
What are you talking about. I assume that you lost a decent amount of Bitcoins on Mt.Gox or so, so that you are now warning before the "evil" Bitcoin and his potential risks...
I didn't have any coins on MtGox. Fortunately I could see that they were the worst in a sorry lot of unregulated exchanges, and I steered clear. But it's a valid point nonetheless; bitcoin is inherently risky to hold compared with fiat or precious metals. You hold the risk of hardware failure, theft/hacks, natural disaster, and there's plenty of third party risk just by keeping your coins on an exchange. I've never been the victim of theft, but that's because I was careful to the point of paranoia. Who the hell -- aside from some bitcoin nutters -- wants to live like that?
And that's precisely why interest from the public is lukewarm. It's hardly got anything to offer anyone outside this forum community of hobbyists and cultists.
What other bitcoin/fiat exchanges were there this time last year besides Mt Gox?
Do you even bitcoin, bro? There have been dozens of exchanges around the globe for at least a couple years.
I never used a bitcoin/fiat exchange until this year. I read that there were a few other minor exchanges besides Mt Gox last year that all had very low liquidity. All I know for certain is that the news said Mt Gox had something like half a billion dollars worth of fiat/bitcoins when it went bankrupt. They are still investigating exactly how much it really had but I doubt any other exchange at the time had anywhere near whatever amount it was.
14.
Post 9938874 (copy this link) (by unent) (scraped on 2020-04-04_Sat_13.41h):
It's a game with positive externalities [... ] the trading game in itself is negative only if we account for the monetary gain-losses, but the overall subjective value gaining by the sum of each agent involved in this game is greater than the netting of their monetary accounts (subjective value begets by an exchange needs to be greater than the objective monetary value involved in order that the said exchange happens).
Well, I agree. Besides doubling my BTC holdings every day for a year now, I learned a lot of new things from posts and links in this forum, and (believe it of not) from this thread especially.
Hi! If you doubled your bitcoin holdings every day for the past year, and currently owned all the bitcoins that I don't own, you would have started the year with 10^-117 bitcoins and now own 21 million bitcoins.
Perhaps he started off with one sat.
15.
Post 9941595 (copy this link) (by unent) (scraped on 2020-04-04_Sat_13.41h):
It was probably a spike caused by a fat finger. It's back to normal now.
16.
Post 9943362 (copy this link) (by unent) (scraped on 2020-04-04_Sat_13.41h):
So what did you give your family for Christmas this year, Bitcoiners?
i didnt had that problem.
i sold my family for bitcoins some weeks ago
How many bitcoins did you get for them?
17.
Post 9943405 (copy this link) (by unent) (scraped on 2020-04-04_Sat_13.41h):
I wonder what the total number of BTC bought/sold today is.
I bet it's really low.
Coinmarketcap shows the 24 hour volume as $14,116,400 which is roughly 44343 bitcoins.
It shows OkCoin is the top volume exchange today, probably because the Chinese don't do Christmas. On new years day it will probably be a low volume exchange.
18.
Post 9943571 (copy this link) (by unent) (scraped on 2020-04-04_Sat_13.41h):
I wonder what the total number of BTC bought/sold today is.
I bet it's really low.
Coinmarketcap shows the 24 hour volume as $14,116,400 which is roughly 44343 bitcoins.
It shows OkCoin is the top volume exchange today, probably because the Chinese don't do Christmas. On new years day it will probably be a low volume exchange.
How does this rank against an average day?
You can see a 180 day chart below. Today was fairly low, but early December was even lower volume.
19.
Post 9943629 (copy this link) (by unent) (scraped on 2020-04-04_Sat_13.41h):
This xmas I didn't give any actual presents.
What I did give my family was a three hour presentation on crypto. After that I hosted/ insisted on a four hour discussion on what they learnt. To round off the day I forced them to do coding until bed time to relax.
I think they all had a lot of fun. Or I did. I have a full menu of extra reeducation for tomorrow.
Were they not allowed to watch the TV at all, or have you already sold it to buy bitcoins?
20.
Post 9944807 (copy this link) (by unent) (scraped on 2020-04-04_Sat_13.41h):
It shows OkCoin is the top volume exchange today, probably because the Chinese don't do Christmas. On new years day it will probably be a low volume exchange.
Chinese new year is a whole week of bank holidays later in January. The last one indeed resulted in very low volume (and low volatility) in all Chinese exchanges.
Do you both know Chinese New Year is Thursday, February 19 for 2015.
Thanks for the correction. It moves a lot from year to year.
According to this wikipedia page the Chinese have a holiday on January 1 called New Year. Later in January they have another holiday starting on the 1st day of 1st lunar month called Chinese New Year, it lasts about a week around Feb 19.
http://en.wikipedia.org/wiki/Public_holidays_in_China
21.
Post 9948803 (copy this link) (by unent) (scraped on 2020-04-04_Sat_13.41h):
I cancelled another comment to emphasize this. We need cheap foolproof ASIC wallets.
ASIC wallets?
Hardened circuits dedicate to bitcoin protocol with all signing done offline.
They could enable people to store bitcoins without the need to worry about, or understand best computer security practices.
22.
Post 9949159 (copy this link) (by unent) (scraped on 2020-04-04_Sat_13.41h):
The Buffett quote is several months old. Care to explain why it is relevant again?
Someone posted this link.
http://www.businessinsider.com/warren-buffett-money-tips-for-2015-2014-12It seems he has stated bitcoin is shit for 2015 just like he did for 2014.
edit/
No, after reading the article I found out the author just repeated the months old Buffett quote.
23.
Post 9952334 (copy this link) (by unent) (scraped on 2020-04-04_Sat_13.41h):
So, since most experts and mining gurus six months ago expected BTC to be at
a thousand bucks by now, chances would seem to be excellent that mining BTC
is stupendously over-invested. Thoughts ?
The mining hardware suppliers must have done stupendously well for the last six months.
24.
Post 9952391 (copy this link) (by unent) (scraped on 2020-04-04_Sat_13.41h):
The majority of experts who were willing to venture a guess thought that Bitcoin would be worth more than US$1,000, with several experts placing the value between US$2,000 and US$5,000.
Of special interest were predictions by Sam Cole from KnCMiner who said:
“Large financial players are entering the market this year. I am talking to some of them. If they are to become involved they need the coin to be valued at around US$2,000 to US$3,000… So I am predicting around US$2,000 to US$3,000.”
Interestingly, Dr. Marco Krohn from Genesis Mining suggested the same figure of US$2,000 to US$3,000. What is it that miners know that the rest of us don’t? It seems they are expecting a second Bitcoin rush this year.
This point of view was supported by Bitcoin investor Trace Mayer who believes the latest innovations in the cryptocurrency will enable Wall Street to come into Bitcoin which will push the price up “significantly higher.”
BTC to break $2,000 mark by Christmas – Experts
http://cointelegraph.com/news/111597/btc_to_break_2_000_mark_by_christmas_expertsThat was published on 2014-05-28. As a footnote it says this about the price on Christmas day.
However, some were more bearish on Bitcoin’s growth. Bobby Lee from BTC China, who has been hit with uncertainties over regulation in China, offered a much more modest price, suggesting that it would be over US$500.
Even Bobby Lee got it wrong!
25.
Post 9952403 (copy this link) (by unent) (scraped on 2020-04-04_Sat_13.41h):
How do we know Warren Buffett isn't investing in BTC?
If he's not happy with his holding yet & needs to add to it why the hell would he speak positively about BTC?
The price would shoot up & he'd penalise himself.
Warren Buffet's BH owns 10% of IBM ... yes the same IBM that is going hard on the Internet of Things and 'blockchain' tech.
Join the dots, the guy speaks with forked tongues on many markets.
i though ibm is doing researches based on blockchain-tech, not bitcoin itself?
i guess either way it seems advantageous to talk bitcoin down from buffest standpoint
I thought IBM was considering cloning Ethereum, not bitcoin.
26.
Post 9952428 (copy this link) (by unent) (scraped on 2020-04-04_Sat_13.41h):
The majority of experts who were willing to venture a guess thought that Bitcoin would be worth more than US$1,000, with several experts placing the value between US$2,000 and US$5,000.
Of special interest were predictions by Sam Cole from KnCMiner who said:
“Large financial players are entering the market this year. I am talking to some of them. If they are to become involved they need the coin to be valued at around US$2,000 to US$3,000… So I am predicting around US$2,000 to US$3,000.”
Interestingly, Dr. Marco Krohn from Genesis Mining suggested the same figure of US$2,000 to US$3,000. What is it that miners know that the rest of us don’t? It seems they are expecting a second Bitcoin rush this year.
This point of view was supported by Bitcoin investor Trace Mayer who believes the latest innovations in the cryptocurrency will enable Wall Street to come into Bitcoin which will push the price up “significantly higher.”
BTC to break $2,000 mark by Christmas – Experts
http://cointelegraph.com/news/111597/btc_to_break_2_000_mark_by_christmas_expertsThat was published on 2014-05-28. As a footnote it says this about the price on Christmas day.
However, some were more bearish on Bitcoin’s growth. Bobby Lee from BTC China, who has been hit with uncertainties over regulation in China, offered a much more modest price, suggesting that it would be over US$500.
Even Bobby Lee got it wrong!
You don´t get the point.
They anticipated $1000 by now.
This led to extreme over-investment in mining equipment.
Major bankruptcies are most likely imminent.
How often do big companies usually have to pay installments on their bank loans? Most shops and factories have to pay at the end of each quarter if they are renting premises, which explains empty shops after Christmas. Do big companies usually have to pay bank loan installments quarterly?
27.
Post 9956195 (copy this link) (by unent) (scraped on 2020-04-04_Sat_13.41h):
What kind of business model dumps large amounts at market?
*
Owner needed some money quickly* Bitcoiners made many purchases through Bitpay when price was 318$; Bitpay sees that price is 327$, sells the coins before it drops back to 318$ and below.
* Private investor bought a bunch off-exchange for 320$; ditto.
Probably many more...
Bills come in at the end of the month/quarter and businesses need money to pay them.
28.
Post 9961134 (copy this link) (by unent) (scraped on 2020-04-04_Sat_13.41h):
Thank me now, or cry later.
What's the price of the low point on that chart?
29.
Post 9961441 (copy this link) (by unent) (scraped on 2020-04-04_Sat_13.41h):
Thank me now, or cry later.
What's the price of the low point on that chart?
<250
When does the chart predict that will happen?
30.
Post 11453427 (copy this link) (by unent) (scraped on 2020-04-04_Sat_14.15h):
If you ask me, whether it pumps first or not, it's gonna eventually go to double digits, where we'll see if this market is actually bound to reverse and see another bull market or slowly fade into obscurity.
This suggest that you see bitcoin only as some candlestick chart and value it based on "technical analysis" of past market performance.
I guess a lot of people do that. Probably the only reason the price is as low as it is.
Most professional traders probably see bitcoin only as some candlestick chart and value it based on "technical analysis". The last rally probably attracted a huge number of traders from other markets and they could have a big affect on the price.
31.
Post 11456133 (copy this link) (by unent) (scraped on 2020-04-04_Sat_14.15h):
why the heck is bitstamp so much cheaper than bitfinex and BTC-e ...
I am starting to regret only using bitfinex since the bitstamp hack... especially because bitfinex got hacked afterwards anyway...
I guess there is less money on Bitstamp and it takes a lot less to pump or dump the price. Maybe we will continue seeing more exaggerated prices on low volume exchanges. I think Bitfinex might also have a mechanism that stops their prices crashing too quickly to protect their leverage system.
32.
Post 11457733 (copy this link) (by unent) (scraped on 2020-04-04_Sat_14.16h):
you can't fight chinese database coin dumpers. they run fractional reserve exchanges and can dump ten thousands of coins on the market over and over again. until this isn't resolved there is no way i'm throwing a single dollar on this scam.
It'll be interesting to see whether they're left completely in the dust once buyers have no shortage of options for exchanges that are actually audited and reputable. Momentum is slowly gathering.
It's pretty amazing that people are still willing to put coins and money into such places.
I wonder if two markets would form - 'legit' and 'murky' with the latter completely separate or whether they'll drag down the proper exchanges. Surely there must be a point where transparency must be supplied to be considered relevant.
The separation of exchanges into two categories seems to already be starting because of KTC regulations. The most compliant exchanges require so much official paperwork that it's difficult to register at them. The other less scrupulous exchanges are easier to register at but are often accused of running fractional reserves because they are never audited.
33.
Post 11803005 (copy this link) (by unent) (scraped on 2020-04-04_Sat_14.19h):
nicee
People will be sending money to exchanges now the banks are open. After it arrives and they start buying the price on the normal exchanges will go sky high. The volume on XBT Provider is an early indicator of things to come.
34.
Post 11803632 (copy this link) (by unent) (scraped on 2020-04-04_Sat_14.19h):
274.68 on Stamp. Anybody know what % we're up over the last month or so. Things are looking really bullish at the moment, the pessimist in me just wonders how much longer this will continue. We've been battered for so long, I'm just hesitant to get too hopeful only for us to get dumped on again.
What's pushing this swing in sentiment, it can't just be Greece can it?
Coinmarketcap only gives these percentages for up to a week,
% 1 hour = 0.82 %
% 24 hours = 4.94 %
% 7 days = 8.22 %
Its Bitcoin chart shows $225 at the start of the month and $275 today. Maths isn't my strong point so I thought I'd let someone else do the calculation.
35.
Post 11804919 (copy this link) (by unent) (scraped on 2020-04-04_Sat_14.19h):
We are going up again.
Wow! Litecoin +20% on coinmarketcap.Nice pump.
Litecoin has a strong wall at 5 dollars + It's gonna take some force to break... traders seem trepidatious to push through it, but it can be done if slowly I think...
really?? your post was from just 2 hours ago...rofl
honestly, we have no idea what´s next....
no TA can predict this market. It´s more like a bingo... good luck to you all!!
It's more like a crap shoot. Nobody can predict what way it's going to move reliably. Occasionally someone makes a lucky guess and shouts from the rooftops they know what's going to happen next 100% of the time. They always get it wrong sooner or later.
36.
Post 11805325 (copy this link) (by unent) (scraped on 2020-04-04_Sat_14.19h):
What might really drive the price up is the other EURO members refusing to pay debts and in anticipation of capital controls people buying BTC, spain, italy, etc.
Bitcoin searches going up in italy especially...
The Greek finance minister suggested they might start issuing digital IOUs to work together with their remaining Euros if their financial situation deteriorated more. Although he quickly retracted his statement,then resigned the idea must have been discussed at a high level. Bitcoins would be a great alternative to digital IOUs and ordinary Greeks might start using them if there are not enough Euro notes to go around. If the government endorsed their use the price could go extremely high.
37.
Post 11806724 (copy this link) (by unent) (scraped on 2020-04-04_Sat_14.19h):
Bitfinex is back up.
It's OK now, all my Bitcoins are still there, my withdrawal I submitted right before it went offline got processed, and all my orders are the same. Panic over, we can get back to normal trading now.
38.
Post 11968961 (copy this link) (by unent) (scraped on 2020-04-04_Sat_14.22h):
Good morning Bitcoinland.
Still scrapping over $290 I see.
Typical weekend low volume but at least we're still over $280 with a slight upward tendency. This is good.
Bitfinex: Wallmanipulation from 270$ to 277$.
How do you figure? explain
He probably means the gap with no buy orders shown by the yellow arrow. It was a nice evenly spaced run of buy orders, then that gap suddenly appeared with walls above and below it. The whole buy side looks artificial now, but the market is heavily manipulated by whales sometimes.
39.
Post 12772624 (copy this link) (by unent) (scraped on 2020-04-04_Sat_14.28h):
Will we hit 300$ ?
the real question is " will we go back to two hundreds, right after hitting 300$, or is it becoming an organic growth? "
The last rise has been slow and steady over two months. The Coinbase pump to $300 was incredibly fast, and the dump afterwards was also incredibly fast. The latest slow growth we had is probably sustainable because profit takers won't be so sure the price will crash if they dump. After the Coinbase pump it was obvious the price would crash so everyone dumped.
40.
Post 12860537 (copy this link) (by unent) (scraped on 2020-04-04_Sat_14.30h):
Oh??? maybe some coins were traded twice....
Go figure. Isn't that called the velocity of money?
only twice?
high trading bots are working hard this days
I was merely attempting to make the point that in and of itself, the mere fact that the volume of 1/3 of all bitcoins in existence were traded on one exchange in one day, does NOT signify that the Chinese are faking the existence of the coins or engaging in fractional reserves.
So I agree with you that it is feasible that one coin could be traded well over 100 times in one day... maybe even 1,000 if there are NO trading fees and the coins path is frequent and minute microtrading back and forth.
I had the OKcoin chart running in real time in my browser, and the trades were so fast that there was almost smoke coming out of my computer after a few minutes! Loading a real time chart of any of the exchanges with fees doesn't drive my computer's CPU use up to that extent. Those OKcoin trades are their own bots competing with the other zero fee exchange's bots to fake the highest volume.
41.
Post 12864454 (copy this link) (by unent) (scraped on 2020-04-04_Sat_14.30h):
Everyone is getting so hyped and positive. I can't wait to see the reaction of people when bitcoin starts crashing by just a little bit...
Ach. Who gives a shit? This has been a nice shot in the arm and a welcome change of pace. It'll happen again in the future and fresh arrivals got a fun taste of 2013 even if it's a brief one for now.
it has, but to be honest, it came just as unexpected as the last huge bitcoin rise in 2013. Who knows, this might actually follow in the path of our first bitcoin to-the-moon attempt
I thought there might be another pump during the last hour but it's stopped now. When I don't expect a pump we get one, and when I expect a pump we don't get one. The moon shot today certainly resembled the 3013 pump, apart from that hair raising drop back down by $12 before it went higher.
42.
Post 13073875 (copy this link) (by unent) (scraped on 2020-04-04_Sat_14.35h):
btcchina order books have crossed to bidsum>asksum
panic buying starts? hope we dont go up too fast or fall back is inevitable
Btcchina is only showing 1k of bids to prevent a $30 drop. Looking at the orders a whale could move the market either way at lightening speed. I hope we don't get a hair raising spike that costs us all a load of cash for a whale to line his pockets with. If it get get above $250 and stay above it I'll be happy.
43.
Post 13078560 (copy this link) (by unent) (scraped on 2020-04-04_Sat_14.35h):
Fractals, fractals everywhere, a minibubble inside a minibubble but with one big difference, volume!
I see one last dump and then we are ready to $400, because... volume speaks for itself.
What was the cause of the spike in volume?
Was it only on Huobi or in other exchanges too?
It should be noted that here we do not use huobi or any of the other no fees exchanges as our measure (indicator) of volume. Surely, huobi's volume can be a factor; however, it is only one factor and needs to be discussed in context and/or taken with a large grain of salt.
Apparently over a million Bitcoins have changed hands on Houbi today. I don't know how many Bitcoins are actively being circulated rather than dormant, but I don't believe any exchange has that much volume. Gox was the biggest exchange and that had far less than a million Bitcoins on it.
44.
Post 13266847 (copy this link) (by unent) (scraped on 2020-04-04_Sat_14.38h):
can't wait for news from FED...
What time will we find out what their decision is?
I couldn't find out a probable announcement time from Google, only that an announcement is expected sometime today, and the stock markets are waiting with baited breath for it.
Will the announcement be good or bad for Bitcoin?
45.
Post 13267075 (copy this link) (by unent) (scraped on 2020-04-04_Sat_14.38h):
can't wait for news from FED...
What time will we find out what their decision is?
I couldn't find out a probable announcement time from Google, only that an announcement is expected sometime today, and the stock markets are waiting with baited breath for it.
Will the announcement be good or bad for Bitcoin?
Brilliant, so we have about four and a quarter hours left to wait. I have read innumerable opinions about what the FEDs decision will be, and what affect it will have on the Bitcoin market. Some say the price will go up, some say it will go down. All I'm sure of is something will happen to Bitcoin's price after the announcement.
46.
Post 13269042 (copy this link) (by unent) (scraped on 2020-04-04_Sat_14.38h):
Is there a saying in speculators land that indicates the opposite of 'never catch a falling knife'? Something like 'never exit a moving train'?
I suppose there's HODL your coins, but it doesn't quite fit the context. Apart from HODL I can't think of any suitable expression except maybe "to the mooooon", or ccmf.
47.
Post 13576109 (copy this link) (by unent) (scraped on 2020-04-04_Sat_14.41h):
The drop is caused because Cryptsy is collapsing, I think.
If a reasonable solution is reached, then we'll see a recover, otherwise two more years of bear
Speaking of which, I think Craptsy is dark now.
The drop is caused because Cryptsy is collapsing, I think.
If a reasonable solution is reached, then we'll see a recover, otherwise two more years of bear
Causing a fall of $ 430 to $ 370, loss of 1 billion dollars in marketcap, in 1 single day? I don't think so.
I'm sure it helped. Not Cryptsy itself, but Cryptsy reaffirming the (seemingly obvious) fact that so-called 'trustless' currencies, like filthy fiat, rely on trust.
Only instead of needing to trust legacy institutions -- greedy banks and their henchmen, the lying governments -- trustless currencies require you to trust fellers like TradeFortress, Ukyo, and Big Vern.
Yeah that was kinda my round a bout point yesterday that trust is a huge thing, and with the exchange ( another I might add ) going down and lord only knows how many thousands of dollars are now missing, to the normal joe this is not good. The media will have a field day with this for sure... again showing how much growing this thing needs to do.
Every time another exchange gets reported hacked its a reminder of Gox. Cryptsy made the final news worse by behaving exactly the same as Gox for a year+. They covered up the hack, delayed withdrawals, and eventually stopped allowing Bitcoin withdrawals citing fake excuses.
When the news got out they had done a Gox the media had a field day destroying trust in exchanges.
48.
Post 13576927 (copy this link) (by unent) (scraped on 2020-04-04_Sat_14.41h):
By the way, there was another message by "Satoshi" recently, denying that he was Craig Wright -- and then adding "We are all Satoshi". That last part is obviously something that Satoshi would not have written. I can only think that the hacker is aware that everybody is aware that the account has been compromised, and does not care to pretend anymore.
Sound, sensible analysis as always. Good to have you home, professor.
The problem is that the anti-fork message was
not spoofed and the writing style matches.
http://pastebin.com/Ct5M8fa2Here's a quick technical analysis of the email sent to the bitcoin-dev mailing list today at
http://lists.linuxfoundation.org/pipermail/bitcoin-dev/2015-August/010238.html The email was sent from an anonymous email provider called vistomail.com which gives the appearance of being out of service. However you can see the logins at
https://webmail.vistomail.com/ The vistomail servers are authorised to originate email by their IP address via the SPF DNS records . Satoshi used
satoshi@vistomail.com when first announcing Bitcoin
http://www.metzdowd.com/pipermail/cryptography/2009-January/014994.html From this you can safely conclude
the email did originate from vistomail.com servers and was not spoofed. It does not prove the account was not hacked of course.
Partial headers from the email:
Received: from mail.vistomail.com (vistomail.com [190.97.163.93])
by smtp1.linuxfoundation.org (Postfix) with ESMTP id 2175813F
for <
bitcoin-dev@lists.linuxfoundation.org>;
Sat, 15 Aug 2015 19:00:05 +0000 (UTC)
Received: from DS04 ([190.97.163.93]) by vistomail.com with MailEnable ESMTP;
Sat, 15 Aug 2015 13:51:14 -0500
DNS RECORDS FOLLOW:
vistomail.com descriptive text "v=spf1 include:_spf.google.com ip4:190.97.163.93 ~all"
vistomail.com has address 190.97.163.93
vistomail.com mail is handled by 10 vistomail.com.
The "we are all satoshi" was spoofed and the writing style or expressions didn't match. So the second doesn't invalidate the first.
Additionally, that particular email address is
not known to have been stolen.
Therefore the August message could be legit - it's a very serious risk for BTC. Risk, in the sense that if the proposed fork goes ahead, we'll have Satoshi's second coming after the forkageddon to proclaim Bitcoin is a failure since it failed to protect itself from this kind of attack.
Anyone can get a vistomail email address, I had one myself once. It's an anonymous speech service which has been around for a long time and they are reliable.
Who obtained those headers, and how do do we know they are legit?
Only a few people must have acess to the linuxfoundation.org mail servers. Does the linuxfoundation publish all the headers for the public to view, or do you need access to its mail servers to view them? If I can't view the originals myself I want proof they came from a reliable source.
49.
Post 13578874 (copy this link) (by unent) (scraped on 2020-04-04_Sat_14.41h):
Good opportunity to get new shorts in!
My view is that we are going lower from here.
Do you think it might go up to or above $400 first? There's a giant spread that's making the price erratic. A few thousand Bitcoins would go through the walls before $400, or send the price below $350. Bid support is weak on Huobi and the Chinese are doing their Sunday morning trading which might stop an attempt on $400.
50.
Post 13688929 (copy this link) (by unent) (scraped on 2020-04-04_Sat_14.42h):
There are still miners out there with old versions of the software and running the defaults. Thus, if there's not too much of a backlog, it's quite possible zero fee transactions will get included.
So if zero fee transactions are actually a problem, perhaps it is better that we do have a bit of miner centralization so we have professional miners who actually pay attention to what they are doing instead of a bunch of amateurs not acting in their rational self-interest as was supposed to happen.
Don't amateurs mainly hash for pools? It seems hard to believe there's any significant hashrate operated by hobbyists who actually run their own bitcoind for mining.
Good point. And mainly so I think. In fact, some of the offenders seem to be large pools. Antpool and slush appear to be still mining with a 750000 soft limit so it would be interesting to see if they were mining 0 fee transactions also.
I send 0 fee transactions all the time and so far they've always* gone through, so there's definitely still a decent percentage of miners that accept them. The only time I pay a fee is if I'm using a web wallet or phone wallet where the fee is built in, or if I'm sending coin to an exchange to make a trade and time is of the essence.
* (I did have 1 unconfirmed from a test during the mtgox malleability fiasco, but it actually went through, just my client thought it didn't)
What's the longest wait you had for a transaction to go through? When the spam attacks were running people who paid fees were waiting over half a day, and the backlog took a week to clear. Did you try sending any zero fee transactions while those attacks were ongoing?
51.
Post 15356381 (copy this link) (by unent) (scraped on 2020-04-04_Sat_14.54h):
Traders are seeking safe havens, and gold has soared since the brexit.
http://www.wsj.com/articles/gold-soars-as-investors-seek-haven-following-brexit-1466745191As digital gold Bitcoin is due to soar faster than physical gold. The world markets will be too turbulent to trust over the summer, and fiat will be diverted from them into Bitcoin.
52.
Post 15870181 (copy this link) (by unent) (scraped on 2020-04-04_Sat_14.57h):
T|hat was a tiny price drop of $10, and the price has gone back up by $10 to where it started from. Until Bitfinex opens up trading and withdrawals the price will go sideways. The trading/withdrawals is the only thing that's going to move the price.
53.
Post 15874848 (copy this link) (by unent) (scraped on 2020-04-04_Sat_14.57h):
so how will the price be effected when bitfinex longs start from 0 and grow back to 40million?
and how will demand be met if everyone is busy withdrawing coins out of bitfinex?
Bitfinex is talking about possibly processing withdrawals manually, and delaying the reintroduction of leverage until after withdrawals and normal trading have been reintroduced. Doing manual withdrawals will be as slow as a snail, and they can halt them (and a bank run) at any time with a slippery excuse.
https://www.reddit.com/r/Bitcoin/comments/4wng2j/site_relaunch_bitfinex_blog/d6as7kx
