All posts made by paratox in Bitcointalk.org's Wall Observer thread
1.
Post 3564337 (copy this link) (by paratox) (scraped on 2020-04-04_Sat_11.22h):
Anything to stop a westerner opening and trading on a BTCChina account?
You will need a working phone number. Other than this, no verification process.
Also keep in mind that it might be complicated to get (fiat) money out from there.
2.
Post 3680918 (copy this link) (by paratox) (scraped on 2020-04-04_Sat_11.28h):
800 on bitstamp! ATH
3.
Post 3914734 (copy this link) (by paratox) (scraped on 2020-04-04_Sat_11.35h):
*Chart*
The boom-bust cycles seem to happen really fast now.
4.
Post 5473289 (copy this link) (by paratox) (scraped on 2020-04-04_Sat_12.22h):
MACD Indicator on bitcoinwisdom.com shows green candles on 1h/2h/4h/6h/12h/1d chart (Bitstamp)
Bullish?
5.
Post 5485887 (copy this link) (by paratox) (scraped on 2020-04-04_Sat_12.23h):
boom 650
6.
Post 6054438 (copy this link) (by paratox) (scraped on 2020-04-04_Sat_12.32h):
More than 1k coins bought last 2 minutes. Can we please have some upward movement now. I'm sick of going down every day
Just a bulltrap... we gonna crash hard
To da floor!!!
7.
Post 6163803 (copy this link) (by paratox) (scraped on 2020-04-04_Sat_12.35h):
This is how $383 support is tested? on no volume? Bulls are doomed. They're not even putting up a fight yet. Turn off your computer and come back in a week. Your coins will still be there. They just won't be worth as much.
Good advice. Just finished moving over to cold storage to prevent myself from doing anything rash and stupid.
Stupid is not doubling your stash by selling and buying back half price if you have the obvious opportunity to do so.
Cool, so I did something stupid for not doubling my coins in april and not doubling my coins in december...
To call the action of people stupid, who may just have another attitude towards life than you, tells a lot about your character.
To each his own I guess
8.
Post 12754473 (copy this link) (by paratox) (scraped on 2020-04-04_Sat_14.28h):
Were there any countries where bitcoin trades were already paying VAT (or inhibited because of it)? In Sweden maybe? In the UK?
In Poland they had a 23% VAT.
9.
Post 15794322 (copy this link) (by paratox) (scraped on 2020-04-04_Sat_14.56h):
10.
Post 15794603 (copy this link) (by paratox) (scraped on 2020-04-04_Sat_14.56h):
Rebound confirmed (with the possibility of it being just a dead cat bounce?)
Seems like "The Big Shakeout" before the next big rise?
11.
Post 15794961 (copy this link) (by paratox) (scraped on 2020-04-04_Sat_14.56h):
I'm doing exactly nothing. Holding my coins in cold storage.
Same here.
Looking at past events, holding in cold storage and only move them if you wanna sell them or buy something with them seems like the wisest way to use Bitcoin.
I feel sorry for people who don't actively trade and still lost their coins due to unfortunate timing.
12.
Post 15802320 (copy this link) (by paratox) (scraped on 2020-04-04_Sat_14.56h):
The price is climbing quite fast now, presumably because lots of people are buying while the price is low. But do we really think that's the end of it, a quick dip in price, fast recovery and job done? I hope I'm not being silly by waiting to see what Binfinex say about their plans for going forward before I jump on the buy-in bandwagon. If I've missed the chance to buy at $550 I'll kick myself. But I can't help feeling there's another drop ahead. Such a shock to the markets surely can't be recovered from so quickly, can it?
Why not? Past events have shown that exchange hacks bigger than this didn't kill bitcoin. Why should there be a prolonged downtrend? I don't think the stolen coins will be sold on other exchanges (that matter in terms of volume) due to chain-analysis and blacklisting. The hackers may be satisfied with the profit they made due to market manipulation.
Let's see, it may be just a dead cat bounce, but I guess it may be the start of a new uptrend unfolding. Rising above 600 in the next few days(or weeks) could give the people a lot of confidence in the resilience of bitcoin, which may spark the next big rally.
13.
Post 15803461 (copy this link) (by paratox) (scraped on 2020-04-04_Sat_14.56h):
The price is climbing quite fast now, presumably because lots of people are buying while the price is low. But do we really think that's the end of it, a quick dip in price, fast recovery and job done? I hope I'm not being silly by waiting to see what Binfinex say about their plans for going forward before I jump on the buy-in bandwagon. If I've missed the chance to buy at $550 I'll kick myself. But I can't help feeling there's another drop ahead. Such a shock to the markets surely can't be recovered from so quickly, can it?
Why not? Past events have shown that exchange hacks bigger than this didn't kill bitcoin. Why should there be a prolonged downtrend? I don't think the stolen coins will be sold on other exchanges (that matter in terms of volume) due to chain-analysis and blacklisting. The hackers may be satisfied with the profit they made due to market manipulation.
Let's see, it may be just a dead cat bounce, but I guess it may be the start of a new uptrend unfolding. Rising above 600 in the next few days(or weeks) could give the people a lot of confidence in the resilience of bitcoin, which may spark the next big rally.
I never suggested the hack would "kill bitcoin". i have no doubt that Bitcoin will quickly recover to at least where it was before. I just mean that this seems too fast, like in the movies when a character thinks the bad guy's dead so they turn their back, and then the bad guy comes at them with another attack. I think it's too early to be sighing with relief just yet.
The reason I stated the fact that bitcoin didn't get killed(at least yet) due to large hacks in the past was to make my point about why there may not be a need for prolonged downtrend. See, after the goxxing nobody knew how the market would react to a hack of this magnitude, there was a feeling of doom hanging over bitcoin, so the possibility of bitcoin slowly dying was very prevalent . I think this uncertainty was a large reason for the long bearmarket that followed. It took a long time for confidence to come back, but I think it's reasonable to say, that bitcoin recovered from that blow.
Now with the bitfinex hack, the market already had experienced such a scenario from which it recovered. There is much more confidence in the resilience of bitcoin now than it was in the past. That's why I think this time around, the downtrend may only be short in comparison to the last time.
Why do you think it could be happing too fast? Is it just a feeling you have or does it also have a rational basis?
Just for clarification, I am not recommending to buy into it right now, but wouldn't sell either. I am in this for the long term and don't actively trade.
14.
Post 15808957 (copy this link) (by paratox) (scraped on 2020-04-04_Sat_14.56h):
You can't count it like that. That's way to simple.
Trust is the most important thing for a currency. And Trust go completely crushed yesterday. The biggest Western exchange lost the majority of their coins. Why would any new money keep floating into any exchanges now?
Trust in bitfinex got crushed, not in the currency itself.
There a lot of other exchanges, some even older than bitfinex.
15.
Post 19224595 (copy this link) (by paratox) (scraped on 2020-04-04_Sat_15.11h):
Without any big bad news coming out now, I think this is just a big correction after a big run up, not a crash+long bear market like we saw starting in the end of 2013/beginning of 2014 due to China+Mt Gox.
16.
Post 21866080 (copy this link) (by paratox) (scraped on 2020-04-04_Sat_15.21h):
It nearly touched the weekly MA20 (currently around 2900USD) today and bounced back from there. A sign that the bull trend may not be over yet.