All posts made by poncho32 in Bitcointalk.org's Wall Observer thread
1.
Post 10102301 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_13.45h):
Honestly I am afraid to go to sleep.
I feel like the moment I nod off there will be a jump. Then when I wake up it will have dropped again.
Trading tends to do that to people. You become antisocial by spending all your time glued to a computer screen without sleeping for days. Plus your nerves get shredded watching your money repeatedly turning into profit then going down the drain.
2.
Post 10102722 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_13.46h):
Good morning gentlemen.
Where's your God now?
Quite a few gentlemen must be thanking him for getting stamp back online.
3.
Post 10102814 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_13.46h):
Good morning gentlemen.
Where's your God now?
Quite a few gentlemen must be thanking him for getting stamp back online.
In other words, "Thank you God for not drowning us in our own urine, bidding in thine wisdom for stamp to slowly impoverish us instead."
Some people now have a chance to make a profit on stamp. Even trading at a loss is better than losing the lot to a hacker.
4.
Post 10102876 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_13.46h):
Good morning gentlemen.
Where's your God now?
Quite a few gentlemen must be thanking him for getting stamp back online.
In other words, "Thank you God for not drowning us in our own urine, bidding in thine wisdom for stamp to slowly impoverish us instead."
Some people now have a chance to make a profit on stamp. Even trading at a loss is better than losing the lot to a hacker.
Potayto potahto. But you have a point, losing money due to some malefactor wouldn't be quite as funny as losing it due to their own ineptitude.
If people lose money trading due to their own ineptitude, they will still have something left over. If you buy high and sell low it still leaves you with some money left, which is more than the hacker would have left people with.
5.
Post 10102994 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_13.46h):
Litecoin death?
At what price do you consider it dead?
Well it's at it lowest price ever against bitcoin, but I wouldn't say it's dead. If there ever comes a time when one doge coin is worth more than one litecoin then I would consider it dead.
6.
Post 10105430 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_13.46h):
I maintain that we still need a global currency crisis / collapse followed by a flood into precious metals. Once people realise that BTC and its derivatives are as good as precious metals and easier to use we will start to see real commerce take place in crypto. See you there, might have grey hair by then. But these dayys have been fun. We were there dudes!!
What derivatives has Bitcoin got? I heard they helped cause the last stock market crash. Fuck derivatives.
7.
Post 10105546 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_13.46h):
I maintain that we still need a global currency crisis / collapse followed by a flood into precious metals. Once people realise that BTC and its derivatives are as good as precious metals and easier to use we will start to see real commerce take place in crypto. See you there, might have grey hair by then. But these dayys have been fun. We were there dudes!!
What drivatives has Bitcoin got? I heard they helped cause the last stock market crash. Fuck derivatives.
Take your meds mate. I meant altcoins (generally
derived from the BTC source code)
Good, the last thing Bitcoin needs is derivatives (like the debt packages in the stock market).
8.
Post 10106313 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_13.46h):
I maintain that we still need a global currency crisis / collapse followed by a flood into precious metals. Once people realise that BTC and its derivatives are as good as precious metals and easier to use we will start to see real commerce take place in crypto. See you there, might have grey hair by then. But these dayys have been fun. We were there dudes!!
What drivatives has Bitcoin got? I heard they helped cause the last stock market crash. Fuck derivatives.
Take your meds mate. I meant altcoins (generally
derived from the BTC source code)
Good, the last thing Bitcoin needs is derivatives (like the debt packages in the stock market).
Well ironically the winkelvoss ETF would be a derivative. Their company plans to purchase one BTC for every 5 shares in the etf owned. Unfortunately this is exactly what BTC needs right now to allow the gamblers a regulated environment for purchasing BTC with stupid amounts of money.
The more I think about it, the more grave is BTC's immediate future. I believe that ETF was already speculatively priced into BTC too which is also deflating with all the rest of the bad news. There is still big money in BTC and these are the guys doing the mini pumps followed by the massive dumps. And as said they will do this all the way down to zero or until they are out of the market. They need to get their money back and they don't care about you, me, or Bitcoin.
Both derivatives and shorting ought to be good for Bitcoin if only the currency (not only the technology) gained some significant traction with some kind of real use case. But there doesn't seem to be much adoption other than waves of shorting traders.
It depends what sort of derivatives you are talking about. The type I am against are like the packages of debt, the source of which the buyers don't know. I heard the last big bank crash was partially caused by traders buying packages of mortgage debt, but they didn't know it was mortgage debt. People had been given mortgages who had not got a hope in hell of paying and someone put that debt into a derivative and sold it.
The winkelvoss ETF might be regarded as a derivative, but it's a completely different kind of derivative to the dodgy ones available before the last bank crash.
9.
Post 10108284 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_13.46h):
Following our logcharts from 2013 we should be a bit higher in price, not?
Long time since it was posted last time.
everything is still fine!
This chart is not the 2013 log chart! This chart was called the bear-troll baseline chart in 2013! The chart for delusional, trollish beartards!
What's the price got to drop down to before we should start panicking?
10.
Post 10108752 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_13.46h):
Who would have thought that it is tanking around sub 280? This looks worse at sub 280 than sub 400 months before.
I wouldn't describe it as tanking, more like going boringly sideways.
11.
Post 10109410 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_13.46h):
Offtopic question,
How do I chose avatar picture on this forum? I tried to put Kodrić, Karpeles or Jeff Robinson on my profile picture but it doesn't work, how do I do it?
not able to any more.. that function got disabled so anyone who has one is stuck with it afaik and anyone who doesnt have one, cant get one..
If you have one you can request it to be removed. (I don't know why I know this.)
Here is an example of one person here who got theymos to remove his avatar.
Vlad where is your avatar!?
Finally got theymos to remove it for me. Wish he would have let me replace it but that wasn't possible.
Cheers!
12.
Post 10110894 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_13.46h):
Nice jump by litecoin today. Wonder if we might see a similar move by bitcoin soon. Still think the long term bear market is with us, though. But not shorting this level, for sure.
The stamp incident probably hurt Bitcoin's price. Now stamp's back Bitcoin might go up.
13.
Post 10114969 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_13.46h):
Whether you buy at 300 or 30, in the long run its both a steal (if Bitcoin succeeds).
It still makes a difference wether you own 1 or 10
If they hit $10k it makes the difference between being worth $10k or $100k. $10k is like meh, 100k is like lambos.
14.
Post 10115128 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_13.46h):
Whether you buy at 300 or 30, in the long run its both a steal (if Bitcoin succeeds).
It still makes a difference wether you own 1 or 10
If they hit $10k it makes the difference between being worth $10k or $100k. $10k is like meh, 100k is like lambos.
Who cares about 100k? Only poor fucks that invested less than 10k USD in bitcoin.
With 100 USD in bitcoins you won't ever be rich (and no, even buying them for 1$).
Some people brought 10k bitcoins for $25. Those bitcoins are now worth $2720000. That's rich enough to buy lambos.
15.
Post 10115254 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_13.46h):
i will say it : double bottom
Agreed. And painting a higher bottom ..so a new trend developing
I thought a double bottom had to have two lows of the same price. October's was ~270 and this month's was ~255. Is that a valid double bottom?
16.
Post 10115392 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_13.46h):
if somone has 120btc do you think he become ever rich?
(this is a serious question)
I don't know and no one else does. Serious answer.
The Winklevoss twins think Bitcoin might be worth $20k to $30k in the future. If they are right someone with 120btc would be worth $2.4 million to $3,6 million. Most people would describe that as rich, except billionaire types.
17.
Post 10115541 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_13.46h):
Ultimately I think the only way to stop the constant crashing is if the international buyers find enough interest in bitcoin to buy a large chunk of the coins back from China.
That's assuming that many of the Chinese coins on exchanges are real in the first place.
People have posted they are moving from Bitstamp to Chinese exchanges because of the hack. However, can you trust an exchange if you are not certain if the coins it claims to hold exist? I read that's what Mt Gox did.
18.
Post 10124952 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_13.46h):
well, you were laughing at the "bearwhale" and his 30 k, but now I think it is clear what was his agenda: to destroy producers of asics and centralized mining centers. this is only the beginning. prepare for 100 $ coins.
His "agenda" was simply to GTFO and take his 9-10 million dollars out of this free falling mess.
He waited too long to dump then, he could have got 20 million dollars or more if he dumped earlier.
19.
Post 10128389 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_13.46h):
Small wall of 700 coins trying to hold 270 on finex.
And it is gone.
Hope we keep up 270 in the mid week
And it's up to 272.5 on finex.
20.
Post 10128779 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_13.46h):
People arent sure if the price is cheap or expensive at this point, so undecisive.........
People are waiting the outcome from tomorrow's trial
What trial?
Dunno, prob'ly DPR or some other Bitcoin criminal.
There is a whole thread about the Ross (Dread Pirate Roberts) Ulbricht Trial, but it's a few pages back now. All the active threads seem to have been discussing Bitstamp lately.
https://bitcointalk.org/index.php?topic=918558.0
21.
Post 10131973 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_13.46h):
What the hell is happening?
I wa wondering that too. Have the feds announced another auction or did something important happen at the trial?
22.
Post 10133168 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_13.46h):
Could a good TA expert tell us what the price is going to do?
23.
Post 10133260 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_13.47h):
It's falling. Panic selling and now a rebound.
How do you know the rebound is not a dead cat bounce?
24.
Post 10133321 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_13.47h):
Definitely headed under 225, maybe 200 is the bottom?
Disillusioned with the fruits of financial revolution, Bitcoiners find solace in abstract art.
Are you a bitcoiner?
25.
Post 10133345 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_13.47h):
OMFG this is pure Panic. They are dumping like lunatics on Stamp
Edit: OMFG 427btc dump
I just saw a 443 dump!
26.
Post 10133502 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_13.47h):
what exchanges have a stop loss feature? seems dangerous with whales and a thin market.
Why are people even trading btc?
Either because they want fiat money or to increase their bitcoin stash
27.
Post 10133930 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_13.47h):
Where the fuck do all these bitcoins come from that are getting dumped? Is the Bitstamp hacker dumping?
28.
Post 10134142 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_13.47h):
You guys think we'll see a small rebound?
$280 perhaps?
Someone just brought 655 coins in one go on stamp, so maybe
29.
Post 10136095 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_13.47h):
So what did you say was the bottom line, at which people will switch off their miners and the whole network will collapse?=)
i say 150...
dont worry ill just mine with my computer
i got this
Nope.
I've been saying since a few months ago, I'll buy Bitcoin under 100 and I'll get them for under 100.
What if it drops below $10?
30.
Post 10136147 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_13.47h):
...should have moved all my coins out of storage..oh well
"don't use exchange, cold storage your coins, forget about it during 2 years and come back"
my favourite bitcoiner sentence along with :
"bitcon is still in its infancy fundamentals are good, don't worry"
my favourite bitcoiner sentence "you only lose if you sell"
31.
Post 10136701 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_13.47h):
Need a snooze. Should I place a limit order or buy in now?
Edit: trolls everywhere gone silent. Whaddayaknow?
My advice.
Do what I am doing and just give up sleeping all together to start at your favorite bitcoin chart.
Bitcoin alerts never work for me :/
I guess most bitcoiners have had no sleep last night. I got about an hour. We could all get a decent sleep if the exchanges all agreed to simultaneously shut down for 8 hours a day. The only problem is people on the wrong side of the world would only get the chance to sleep during day time.
32.
Post 10136723 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_13.47h):
Anyone else coming back from bed? yawn!
Is there blood on the streets yet?
no Blood would be like -10% or even more. This is just a 5% sting.
Wait and see how this develops before buying.
Now we can call it blood on the streets. I hope everyone knows what this means.
No this is tomato ketchup on the streets. We won't see real blood until we have gone below at least 200.
33.
Post 10136792 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_13.47h):
Anyone else coming back from bed? yawn!
Is there blood on the streets yet?
no Blood would be like -10% or even more. This is just a 5% sting.
Wait and see how this develops before buying.
Now we can call it blood on the streets. I hope everyone knows what this means.
No this is tomato ketchup on the streets. We won't see real blood until we have gone below at least 200.
First it had to be more than 10% drop, then it had to be under 266, then 255...
150$ FTW Who's got buy orders at 190-150 ?
Probably the bear whale
34.
Post 10137103 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_13.47h):
Blame on Mark Karpales he destroyed all the trust and reputation on bitcoin when he stoled and hacked 800.000 mtgox bitcoins.
He is responsible for all what is happening now!
I was surprised how well the price was holding at 900 until Mark Karples announced Mt Gox was bankrupt.
35.
Post 10139043 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_13.47h):
am currently accumulating food cans
So you can sell them and buy bitcoins with them?
36.
Post 10149506 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_13.48h):
what the fuck has happend?
Panic selling, panic buying
37.
Post 10150145 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_13.48h):
Bounce is inminent. And not a normal bounce, a huge bounce.
What's your prediction based on, is it a hunch?
38.
Post 10150426 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_13.48h):
Has anyone ever considered it may be the very people that print the dollars that dump bitcoin?
Yes. It is a distinct possibility one of our money printing friends is adding chaos to the market. But it is more likely a thief cashing out, or some collusion between miners or just good old fashioned speculation.
Cash should reach exchanges by tomorrow, follow through selling should happen sooner. Then we see where things go IMO.
Thanks
I had not considered the fact that those wanting to buy must wait for their cash to arrive at exchanges (unless they already have some deposited). So we might see a bounce tomorrow?
39.
Post 10155214 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_13.48h):
Asks are drying up.
Can we see a proper bounce now?
$250 pls
Maybe, bitfinex started going up and now bitstamp seems to be following.
Edit/
192 on bitfinex
182 on bitstamp
Time for arb
40.
Post 10156002 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_13.48h):
WTB 1000 MAGIC: THE GATHERING CARDS
What's the going price for magic the gathering cards?
41.
Post 10156142 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_13.48h):
WTB 1000 MAGIC: THE GATHERING CARDS
What's the going price for magic the gathering cards?
It's not easy to figure out without a Magic The Gathering Online eXchange.
That's a brilliant idea. Mark Karples would be an ideal person to set it up and run it. I'm sure we could trust him not to make a pigs ear of it.
42.
Post 10157732 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_13.48h):
Litecoin:
$1.14
I'm shocked
43.
Post 10158036 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_13.49h):
what the fucking shit is going on!
Agreed.
Indeed
Panicking traders
44.
Post 10158093 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_13.49h):
what the fucking shit is going on!
Nothing new, traders shorting the hell out of Bitcoin till we go to zero. ¡All praise the unregulated markets!
If we go below $100 i'll be buying again
I doubt we will go to zero. More and more traders are getting wiped out.
I'm done for.....
Me too, got wiped out on a leveraged trade already.
I'm out. for good
45.
Post 10158302 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_13.49h):
yesterday we hit a new daily volume record on finex, today we doubled that new record.
There were 45k coins traded in less than an hour on bitfinex this morning. That's almost the quantity for sale at the last US marshals auction.
46.
Post 10158812 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_13.49h):
Classic launchpad pattern forming on all exchanges. This thing is about to blow up. Hold on to your hats and expect $500 by tomorrow. Last chance to buy cheap coins.
How do you spot a launchpad pattern?
47.
Post 10158880 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_13.49h):
How do you spot a launchpad pattern?
It's easy if you are as experienced with TA as I am. Just trust me and get ready for liftoff.
Buy now or cry into your pillow later!
197 on Finex already! OMFG!!!
What TA indicators do you use?
48.
Post 10158904 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_13.49h):
oh shit i forgot to buy the bottom
I was advised not to attempt catching a falling knife, but wait until it bounced. Maybe it's bouncing.
49.
Post 10160563 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_13.49h):
We need a reset to 2 or even 1 digit numbers, before the story with mtgox and its money from thin air. Maybe another bearish year will fix bitcoin.
Even though I have no technical reason I have to agree with you purely on what my personal valuation of BTC.
It isn't worth much more than single digits to me personally so I am reluctant to jump back in until then.
What if it never hits single digits?
50.
Post 10160787 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_13.49h):
Price is stabilising in the short term.
I dont think its very likely that it will stabilize in this range for too long, i think it will either go to 160< or chu-chu to 250~ or so and settle down there.
I agree. 190 needs to hold here but no volume
No volume could be a sign capitulation is over and people will start buying back soon.
51.
Post 10162606 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_13.49h):
What's going on guys? Is it proving BTC be a P&D coin?
Like the poll says "what the fucking shit is going on!".
52.
Post 10165176 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_13.49h):
i sincerely hope u bulls can break even someday
before u reply, i ignored all this freak show of a thread, i can just see my posts now
How can you ignore a whole thread except by going through all 10k+ posts and manually ignoring each poster? Plus what if someone new posts who's not been ignored yet?
53.
Post 10166877 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_13.49h):
From 162 to 215.. not bad. I don't think we'll hit lower.
I'm surprised we went below 200.
54.
Post 10166997 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_13.49h):
From 162 to 215.. not bad. I don't think we'll hit lower.
I'm surprised we went below 200.
Right!? I just hope Bitcoin suprises us as we go the other direction now. I really don't think we can go above $10,000!
Anything's possible, almost nobody thought it could go over $1000 in the early days.
55.
Post 10167098 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_13.49h):
From 162 to 215.. not bad. I don't think we'll hit lower.
I'm surprised we went below 200.
Right!? I just hope Bitcoin suprises us as we go the other direction now. I really don't think we can go above $10,000!
Anything's possible, almost nobody thought it could go over $1000 in the early days.
And after it went to 1000, no one would say that 1 year later we would see sub 200 again and reduced volume.
Anything is possible either way
True, it works both ways. Anyone suggesting we could go below the previous ATH was ridiculed six months ago. It's anyone's guess how low or high it could go.
56.
Post 10167227 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_13.49h):
Btc-e -10 $ from bitstamp why this ? and why bitcoin free market have always almost same price
Some of the Btc-e fees are so high there is usually a big difference between it's price and the other exchange's prices.
57.
Post 10167383 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_13.49h):
it's almost time for daily dump. my associates at the anti-bitcoin consortium are getting ready to offload a few thousand coins on all major exchanges. we're making final preparations now
are you stupids ready to lose more moneys?
At exactly what time are you claiming you will make this happen?
58.
Post 10167441 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_13.49h):
it's almost time for daily dump. my associates at the anti-bitcoin consortium are getting ready to offload a few thousand coins on all major exchanges. we're making final preparations now
are you stupids ready to lose more moneys?
At exactly what time are you claiming you will make this happen?
you will know when all money is gone. better give up hope and sell now before too late.
Prove it
State an exact time or how do we know you are not talking bullshit?
At least state a range of "soon" like between an hour from now and 3 hours from now.
59.
Post 10168926 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_13.49h):
So everybody waiting for that big thing to happen this Friday?
Did he state a time on Friday and the time zone for it?
60.
Post 10168938 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_13.49h):
I have the feeling "Gentlemen" is some sort of an inside joke?
Someone on reddit wrote "this is gentlemen" instead of "this is
it gentlemen" during a price pump a few months ago. Everyone was all giddy with the price increase they made "gentlemen" into a thing like "to da moon". True story.
So it's a typo thing like HODL?
61.
Post 10169606 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_13.50h):
I've never heard of them and their name sucks, so I dont know what to say about this.
I have full faith and confidence in bitstamp.
I heard the name somewhere, but that's all. They are not even listed on the coinmarketcap bitcoin exchanges. How big are they?
62.
Post 10169621 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_13.50h):
I've never heard of them and their name sucks, so I dont know what to say about this.
I have full faith and confidence in bitstamp.
I heard the name somewhere, but that's all. They are not even listed on the coinmarketcap bitcoin exchanges. How big are they?
They are a payment processor that accepts btc, not an exchange
Do they have massive volume?
63.
Post 10169863 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_13.50h):
COIN = no, therefore BTC = down.
Who says COIN = no?
I heard they were months away from making any decision.
64.
Post 10170395 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_13.50h):
will we break 220 tonight?
We might bounce above and below it a few times tonight.
65.
Post 10170572 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_13.50h):
^TL;DR: You can't say it in words?
In case you missed it, these are the words:
You (notlambchop) are being deliberately obtuse.
Wait, that's what you wanted me to watch? And you feel that answers my questions?
And you still don't understand why fungi are smarter than Bitcoiners?
If you are not a bitcoiner then why spend all your time on a bitcoiner forum? You seem to know a lot about bitcoin, especially considering you intimate you are not a bitcoiner.
66.
Post 10170731 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_13.50h):
^TL;DR: You can't say it in words?
In case you missed it, these are the words:
You (notlambchop) are being deliberately obtuse.
Wait, that's what you wanted me to watch? And you feel that answers my questions?
And you still don't understand why fungi are smarter than Bitcoiners?
If you are not a bitcoiner then why spend all your time on a bitcoiner forum? You seem to know a lot about bitcoin, especially considering you intimate you are not a bitcoiner.
I trade Bitcoin. Or rather, I used to. Now I do a bit of Bitcoin gambling, which is a less euphemistic way of putting it. That's why I'm here, in the Speculation forum. Of course, I'd be lying if I didn't cop to having an occasional laugh at your expense.
Doesn't that make you a bitcoiner?
67.
Post 10173868 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_13.50h):
Is this Guerbuez guy full of shit then?
It's Friday & no news.....
Maybe it is. It might all be just to drive the price up or down. But wasn't it that Mark was involved with the trial ?
I don't believe so, now Hoskinson is saying the same thing. There must be something going on!!
Finding out that Mark was involved with the trial does not make holders glad to be holding bitcoins. It must either be something else or bullshit.
68.
Post 10174093 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_13.50h):
Adam Guerbuez @AdamGuerbuez · 17m 17 minutes ago
Dat OkCoin Doe..... #Bitcoin
Adam Guerbuez @AdamGuerbuez · 4m 4 minutes ago
Are we having fun yet #bitcoin keep watching the charts boys and girls.....
69.
Post 10174150 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_13.50h):
why i smell fish when i see a twitter feg overly bullish
Whatever reputation he has is gone if he's wrong. It smalls fishy but there's less than a day left now.
70.
Post 10174217 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_13.50h):
Lol @ 2 charts
RIP Bitstamp.
I can hear all cry posts in in a few months when Bitstamp has the next issue and goes offline for over.
Are any of the other exchanges more reliable?
71.
Post 10174318 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_13.50h):
Lol @ 2 charts
RIP Bitstamp.
I can hear all cry posts in in a few months when Bitstamp has the next issue and goes offline for over.
Are any of the other exchanges more reliable?
well other didn't get hacked as far as we now.
We should have a Zero tolerance mentality when it comes to this. If a exchange fucks up once it's over for them. After Gox everybody should be super skeptical. But as far as I can see, people don't give a shit and history will reaped and people will never learn by their misstakes.
Bitfinex seems best for volume but how do we know it won't get hacked? Has it got better security? Some posts here claimed it was dodgy.
72.
Post 10818399 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_14.05h):
Usually Litecoin sees an immediate bump when BTC dumps. Not today.
The writing is on the wall for LTC. It's failing.
Some of it was no doubt diverted into that dirty XPY pump
That was weird, Bitcoin and everything else crashed except XPY. Do you think the pump was fake?
73.
Post 10818417 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_14.05h):
This is ridiculous.
There are some weak mother fuckers around reacting to bad news & a sell off.
I'm expecting to wake up tomorrow & see 230 USD.
Embarrassing.
Whats the bad news? I haven't been following anything today
hectic work day
Well, the latest drug market place BTC scam.
I don't know the exact number but I think 40,000 odd coins scammed & stolen.
Presumably them being dumped caused this avalanche.
EuroTrash says 130k BTC were stolen.
74.
Post 10893003 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_14.07h):
Monkey has revised his estimate for the turn to tomorrow, and his support number is now 236. Intraday, should rise a bit over the next 3 hours.
Monkey want it to go up from now on, with resistance at 276, 378. If not, the next support is 182, 126.
Don't most people here want it to go up from now on?
Cargo Cult TA© report.
After the last sell signal @267 it has been getting close to a buy the last several hours. Although this doesn't mean it will become one I bought anyway @246. Part of the reason is that I haven't had much time. I had a short work day today, only 10 hrs
Let's see if I go 5 for 5
While I was sleeping the buy signal happened and when I woke up it was at 252. Looks like 5 for 5
If only I would have figured this out long time ago. Almost no thought required
I sometimes wake up and find its a good time to buy when I'm still half asleep, but by the time I have fully woken it's too late. It's difficult making good decisions while half asleep.
75.
Post 11431380 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_14.15h):
Good morning Bitcoinland.
Been sideways for a week now. Spent 4 days in the bush without internet access and didn't miss a thing.
Ho hum. Time to grind some more beans.
You missed a huge exciting pump from $232 to £234. As soon as you take your eye off the ball something interesting happens. There is now hot debate about whether we will go up another dollar, or back down another dollar.
76.
Post 11673852 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_14.18h):
Volume on finex is superrr low, 6-15 bitcoins on 15min charts. Makes me wonder what is to come.
The volume on all the exchanges is down to almost nothing. Everyone's waiting to see what everyone else is going to do. The last time we had decent volume was a few days ago. If it's the quiet before the storm we might get big buys or sells soon.
77.
Post 11734773 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_14.18h):
Are we gonna dip?
The stress test tomorrow might make us dip. They didn't have enough servers to run it properly last Monday and abandoned it after spending a few Bitcoins on transaction fees. They say they will be using more servers tomorrow which will let them do the full stress test.
78.
Post 11736394 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_14.18h):
That was one helluva dump, doing squat.
I couldn't believe that. We had one crappy little pump on finex, then just when I thought it was going to moon we had a 1.5k dump straight down. Is someone taking us for a ride or what?
79.
Post 11736740 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_14.18h):
The most probable thing is that btc price remain in the 250ish range unless some big event , I dont see no reason for the price to go down. I see 300ish soon
I see someone repeatedly dumping 500 Bitcoins then buying them back in a cycle that takes us above, then below 250. What percentage of trades are real, and what percentage are fake? I think it's about 5% real, and 95% fake. Are the exchanges the ones doing the faking?
80.
Post 11737704 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_14.19h):
Lol I think Bitcoiners are the only ones happy about the Greece drama
Probably not the Greek Bitcoiners.
I thought there would be huge discussions between the Greek Bitcoiners here in the Greek section. However there are only two threads there that have been active today. I doubt they are all fluent in English. Is there a separate Greek forum popular with Greek Bitcoiners?
https://bitcointalk.org/index.php?board=120.0
81.
Post 11962497 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_14.21h):
I think it´s china burst also. And the feeling that $ burst is closer now. This october could be disastrous for the global and work wonders for BTC.
If Im correct, this could be only the very beginning
Some of us have anticipated this for years.
The new world order is not corporate globalization or global government. It's global decentralized peer-to-peer consensus.
The dinosaurs stuck in the last millennium will sink into the tar pits.
Jimbo, could you please elaborate more about your comment and about this point as well
This october could be disastrous for the global
Thank you
Jimbo, a kind reminder
There are several people talking about big events happening in mid September/October (other than Octoberfest).
This one focusing on the "Shimitah" which is a jewish date that happens every 7 years where major things are supposed to happen. And this September is the 7th 7 year date in the cycle.
Also for October there is a theory that a new reserve currency will be announced October 20th by the IMF.
Certain industries were booming in 2008 right before the crash. Uncannily, certain industries are again booming to their highest levels since 2008. Usually a boom precedes a crash and it makes me wonder if there will be another soon.
82.
Post 11963723 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_14.21h):
The winklevii already have investors ready to buy as soon as they go live. They know alot of high power people.
I don't doubt they know powerful people but powerful people are "usually" powerful as they are fairly intelligent.
Now, I am mildly semi intelligent and I know if I were them I'd buy before Gemini is launched and the price potentially rises.
Why wait for the winkles?
I am not sold on this Gemini exchange doing much at all to the price. Not moon bound anyway but............
I really hope I am wrong and everyone points and laughs at me.
There is nothing new anymore about a regulated exchange. And with the swedish ETN the Twinkletossers ETF has lost much of it's novelty. But they somehow get all the media and all the fat cats to listen to them. Often just to point and laugh, but listen they do.
Don't get me wrong. I still think a fully regulated ETF listed in NY is a big deal, just not as big as it was. And with the other exchanges, the ETN and general acceptance of BTC in financial circles, we don't need the Facepalm Bros to launch this mofo.
Sorry, but you are completely wrong here saying that the Swedish ETN ruins the COIN ETFs novelty. ETNs do not = ETFs, not even close
ETNs are not nearly as secure and transparent ETFs. ETFs actually hold the underlying asset being tracked and ETNs simply follow the price. This gives people much more confidence in using ETFs to earn returns versus ETNs. If the company that runs the ETN goes out of business the ETN would become worthless (ETN = unsecured debt), but with an ETF there are actual assets backing the investors purchases so they have much more security.
Exactly, if the price goes lunatic and makes new ATH the company issuing the ETN could go bankrupt as they eventually have to pay those gains out of their own pockets.
Which is why you should never invest in an ETN unless you know the company has a good credit rating and that the chances of bankruptcy are almost non-existent.
What if the Wink's Bitcoins get stolen? Does insurance cover the loss, and is there no way an insurance company could possibly wriggle off the hook of paying? I know it's not likely but nothing's impossible, no matter how good the Wink's security is there is always a risk of theft.
83.
Post 12191645 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_14.24h):
No doubt the XT stuff is crashing the price, but could the worries that Agora has pulled an exit scam also be contributing to the price crash? It's been offline for a while now and some reddit threads are full of posts saying it's an exit scam. Agora must have a shit load of Bitcoins under its control.
84.
Post 12195836 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_14.24h):
Does Gavin still visit this forum?
nope!
Gavin Andresenlurking not counted.
His last post was in early April.
https://bitcointalk.org/index.php?topic=1013053.msg11003988#msg11003988I liked the way he was the first dev who wasn't anonymous which helped people to start trusting Bitcoin, but I'm not keen on this XT stuff. If the XT devs and the core devs could find some middle ground it could help put people's trust back in Bitcoin.
85.
Post 12197171 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_14.24h):
Bitcoin XT is the only viable implementation of BIP 101
It is not. Any miner can make a copy of XT and remove the patches that he objects to. Or make a copy of Core and add only those XT patches that implement vote-triggered 8MB limit.
If you are not a miner, you (or any programmer you trust) can make a copy of Core, simply raise the size limit to 8 MB, and start running that version any time before the fork actually happens.
I'm not sure the masses of adopters are gonna do this / or even know-care about the possibility. Vanilla XT is the intended norm.
I'm part of the Any miner people, I'll just use XT I can write a script but compiling code that's complicated stuff, I'll leave that to the developers.
There must be developers who are nothing to do with core/XT in this community who are capable of making those modifications and compiling a wallet. If some third party developers offered a third choice then more people might adopt that than the alternatives offered by core/XT. Professor Stolfi must be capable of doing the job if nobody else is prepared to do it, or capable of doing it.
86.
Post 12197373 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_14.24h):
Bitcoin XT is the only viable implementation of BIP 101
It is not. Any miner can make a copy of XT and remove the patches that he objects to. Or make a copy of Core and add only those XT patches that implement vote-triggered 8MB limit.
If you are not a miner, you (or any programmer you trust) can make a copy of Core, simply raise the size limit to 8 MB, and start running that version any time before the fork actually happens.
I'm not sure the masses of adopters are gonna do this / or even know-care about the possibility. Vanilla XT is the intended norm.
I'm part of the Any miner people, I'll just use XT I can write a script but compiling code that's complicated stuff, I'll leave that to the developers.
There must be developers who are nothing to do with core/XT in this community who are capable of making those modifications and compiling a wallet. If some third party developers offered a third choice then more people might adopt that than the alternatives offered by core/XT. Professor Stolfi must be capable of doing the job if nobody else is prepared to do it, or capable of doing it.
There's actually nothing wrong with that. The nature of open source means that you can fork the code and change it as you wish. As long as you can get a majority to follow you that is.
Anyway, I dont think we are lacking choice here, with 2 versions of core and an unknown number of XT;s knocking about. Its consensus thats needed, and as the blockstream side have gone to great lengths to illustrate - that is not going to happen.
Yes but there is no choice that I know of that only involves 8MB blocks and misses out the blockstream stuff, and the gigabyte sized XT blocks. There might be some obscure XT version with only 9MB sized blocks but nobody trusts them not to start sneaking in other stuff. If there was a choice that only had the 8MB block change, and nothing else then the majority might decide to follow that even it it was by an unknown dev.
87.
Post 12330606 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_14.25h):
How big of a deal is it if we go red again on weekly MACD?
Big deal for the $23 million in longs awaiting anxiously.
23.782 million, but who's counting?
Edit: 23.825 MM
I'm thinking that, despite the blocksize debate, or perhaps in spite of it, long is probably the way to go...
If we didn't get cheep coinz last week then it isn't going to happen.
common sense should prevail
Maybe not, buy it's doubtful we'll get expensive coins anytime soon, either.
http://www.coindesk.com/us-marshals-bitcoin-auction-2015/They say it will be some time this year, but they won't want to spoil their Christmas holidays dealing with an auction so I'd say the latest it can be postponed to is early December. We've got about a three month window for it to happen between then and now. They usually give a few weeks warning beforehand so the latest they can announce it is late November.
88.
Post 12691931 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_14.27h):
well, they had plenty of time already to acquire 'institutional' clients, since it is not because the website launches that they did not prepared upstream for important users to use the platform, even before any public launch.. anyway.
agree that interesting times lies ahead.
i get this feeling the rest of the financial world, as it obsessively misdirect people into 'blockchain technology' propaganda, is on the edge here and things are accelerating somehow as the end of the year approaches. will their status quo stand a couple more year? hard to say.
I was actually talking about the exchange itself. It takes time to accumulate volume and for the service to mature. I'm just hoping that there are no errors or bugs that would harm them so early. Besides, you have to remember the amount of time it takes to verify an account and transfer money to the exchange.
It would be nice if the price went up even higher.
The absurd "Regulated Exchange" era of Bitcoin is nothing more than a millimetre thin geologic layer in the advance towards domination.
Bitcoin price will surge at some point, and neither regulations, institutions, governance or whatever other deluded mass-marketed socialist businesses will have anything to do with it, ever.
A decentralized exchange could do more for Bitcoin than a regulated exchange. I'd rather use a decentralized exchange and trust nobody with my Bitcoins than use some regulated exchange that requires KYC, fingerprint samples, blood samples, and an iris scan just to register. There are masses of people who don't trust the unregulated exchanges, but don't want to go through KYC to use fully regulated ones.
89.
Post 12971561 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_14.33h):
BlindMayorBitcorn using ChartBuddy's avatar is getting confusing. All the posts on the previous page looked like they were by the same person because there was only the two of them posting. BlindMayorBitcorn's been changing his avatar every other day this week so if we get lucky he could change it again today.
90.
Post 13208160 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_14.37h):
That link only leads to the auctions board in the marketplace. I had a quick look and found this thread auctioning a $ 1,025,637.26 BTC account.
$ 1,025,637.26 BTC account for sale.That isn't you is it?
What are you selling, in which threads, and how many BTC are your total assets likely to fetch?
edit
I found this thread where you are selling what looks like a physical Bitcoin to me. You won't sell it for less than one Bitcoin will you, as it looks like it's worth that already?
https://bitcointalk.org/index.php?topic=1283727
91.
Post 13531391 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_14.40h):
https://bitcoinclassic.com/soon we will have x different versions of Bitcoin. Bitcoin Classic, Bitcoin Real, Bitcoin Original, you name it.
honestly, better expect double digits and keep your wallets synced!
I doubt this "alt-bitcoin" will have enough consensus to be adopted.
The new versions of Bitcoin remind me of altcoins, and their proliferation might be as exponential. We only have a few now, but in a few months there could be thousands of different versions of Bitcoin. Each time I read this thread there's talk of a fresh new version of Bitcoin. Will they die quickly like most altcoins?
92.
Post 13531953 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_14.40h):
As far as I read on Reddit, he is out of his country now, probably he is in China now.
Whatever, Cryptsy is Gox v2.
It says there that Marshall Long is an advisor of Factom. That's been pumped massively today and there was a post saying it's all based on bullshit that Microsoft are backing it. It reminds me of the Paycoin scam as it's making millions. Marshall could dump the Bitcoins he gets from it and hide out in China with Big Vern.
93.
Post 13634212 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_14.41h):
Deomocracy, in the sense of one person one vote for control over pooled resources, is inefficient because there is no way to communicate the intensity of one's preferences. That is one objection.
That is true, and it is one of the reasons why "democracy is the worst form of government there is". But other methods of reching "consensus" are not any better in that regard, often much worse; hence the other half of the saying.
While democracy does not
directly account for intensity of desire, it has some indirect ways. For example, if the majority chooses laws that are too unfair to some minority, the latter may resort to crime to make ends meet, or to terrorism and other anti-social behavior, in spite of the penal deterrents against such acts. Then the majority, if it is not too stupid, will usually ease the plight of that minority, enough to keep those reactions down to a tolerable level.
Democracy, like anything else, will function better if most of its citizens have more knowledge (especially of other societies, past and present) and more intelligence (especially the social intelligence I mentioned: awareness of the reactions that other people may have to one's own actions, and to the actions of the government. The fair treatment of minorities, above, is an example of decision that a majority will take if it has a minimum of those qualities.
That is one reason, by the way, why even the richest classes should want a good public universal education: because their welfare never depends only on their own qualities and actions, but always depends on the state of the society around them.
for example, if you don't have the right to take by force from your neighbor because you need his property more than he does, then you don't have that right even if the majority of voters decide that you do.
As I said in another post, "right" is a meaningless word if there is no government to decide who has it. Property is not a "natural right": you property is what your government thinks it is. There is no other useful way to define it.
You grow a crop on the land that is property of someone else: who owns the harvest? You may have signed a contract giving 90% of the harvest to the landowner, but if the alternative was to sign the contract or die of hunger, is that any different than him taking your harvest by force? You buy a stolen car without knowing that it was stolen; is it your property, or still the property of the victim? If you trace the history of a land plot back in time, you will almost always find that it was originally taken by force from the previous owner; so, is the present holder really the rightful owner?
In those and many other examples, there is no "natural" answer to the question. In each case, if the property right is disputed, the laws of the country will give general rules that say who has the property rights; a court would have to decide how to apply those laws to the specific case; and a government will have to forcibly enforce the court's decision, if the affected party refuses to accept it.
In the case where a country is at war the government can commander any private property it wants, and there's nothing the owner can do to stop it. The government can commandeer your house, your car, or the iron railings outside your house to make shells out of. The government decides whether you still own something when it's at war, and will use force to take it off you if you resist.
94.
Post 14741721 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_14.50h):
wright is NOT satoshi...100% bullshit, if im wrong ill dump all my BTC forever
quoted for evidence
double quoted , lol
what do u think...wright is satoshi? lol
yes
* yefi puts on his gorilla suit
If he publicly and verifiably signs a message from the genesis block, I'll give your newbie butt 1 shiny bitcoin. Quote it.
Craig Wright says he will move a coin from an early block in the next few days. The BBC says "that should convince many of the doubters". I say he should sign a message with both his PGP key and a Satoshi Bitcoin, and move some early coins (to my Bitcoin address). That would convince me.
You can give my senior butt 1 shiny bitcoin if he does it, but I'm too poor to return the favour if he doesn't.
http://www.bbc.co.uk/news/technology-36193006The man who has identified himself as the creator of Bitcoin plans to provide further proof to his claim.
Craig Wright's spokesman told the BBC that he would "move a coin from an early block" belonging to the crypto-currency's inventor "in the coming days".
*snip*
This morning, I have managed to reach Jon Matonis, who is at a cryptocurrency event in Kenya. He remains absolutely convinced by Craig Wright but agrees that the blog hasn't helped his case.
"It needs to be amended because it's not conclusive for the general public. But that does not take away from what I saw in private," he explained.
As far as I can see it, if Dr Wright can move one of Satoshi's bitcoins - as promised - that should convince many of the doubters.
It would constitute proof that he is who he says he is - although one suspects that even then some will never believe his story.
95.
Post 15141221 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_14.52h):
Good morning Bitcoinland.
Still battling over $580 I see.
Coiling for the next big leg up, presumably. Past $610 this time?
It will only take a 7k pump on Bitfinex to get the price up to $600. Great big buys like that were fairly regular a few weeks ago. We had a lower volume gap for a week or two, and the high volume buys might start again soon for the next big leg up. The low volume trading can't last forever.
96.
Post 15431360 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_14.54h):
To the minute eh? The rumors/posting were out hours before the jump, and the lack of any denial from the miners escalates the chance these events were correlated.
p.s. *gasps
Possibly, but the timing no longer coincides well. Also, such a development would surely instill uncertainty, which is not bullish.
p.s. /me performs a tracheotomy to aid your breathing.
A year ago uncertainty was scary, 6 months ago uncertainty was scary, 4 months ago... "individuals" said some nice things and took some pictures, and made a deal they don't intend to keep. Now... well... hell, it almost feels like a relief someone is calling the big bluff.
P.S. murder isn't cool you two
Your version of history is a whole hell-of-a lot of nonsense spinning and grasping at straws.
The reality of the matter is that what had happened 6 months ago, is that BTC prices shot up from $200 to $500.. and this shooting up was in part because of ongoing BTC price suppression that had lasted more than a year, and the price shot up because the bears couldn't really keep it down anymore, inspite of attempts to spread nonsense.. then after the price shot to $500 and came back down a bit of price battling back and forth settled back down into the $360 to $460 range.
I would hardly call that scared uncertainty in the bitcoin space, even though a lot of FUCD was being spread around during those few months that BTC prices floated largely in the $360 to $460 range.
Yeah, sure, four months ago, we got some additional FUCD spreading... coupled with rage quitting and hyperbole.. . but really, by the time mid-to-end of May came along. ... and even with the fairly heavy Ethereum pumping, folks began to realize that bitcoin really is not broken as had been hyped and continued to be hyped by marginal loud mouth nonsense spreading shills...
Anyhow, in late May, we broke passed $500, and there is considerable amount of difficulties for bears and anti-bitcoiners in attempting to put the genie back in the bottle and to attempt to get BTC prices to go back down, below $500 would be good for these kinds of anti-bitcoin folks...
So, upward we go, and upward pressure we continue to experience, and surely it wouldn't be a good time to be a bear under current market upwards price pressures, no?
Something to add to the picture is that with all the talk of the halving, EVERYTHING to this point and till the halving is speculation. The real halving will occur when the daily supply is halved. So, the months following Friday the 8th or so, will really show us the affects. We have to consider if selling of existing coins will be able to make up the difference in the lowered supply and I really really doubt it will.
Who will sell their stored existing coins shortly after halving day when they know they will get a better price by holding them for a few months? The only people selling shortly after halving day will be the ones who need to pay bills and don't have any other savings. Everyone else will be holding.
97.
Post 15598649 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_14.55h):
Does the low volume means no one is spending or buying coins? Also, if the volume is so low why does it not affect the price?
Does this mean people are just hodling?
Just trying to work out the whole low volume thing.
There are around 1600 BTC being generated every day, so people must buy BTC to price don't drop. The miners won't just hodl everything because they have to pay bill and taxes.
And low compared to what?
Volume is lower than before the halving because the halving was a hyped event, now things are back to normal
It depends how you classify low volume. I can see two big bars on the Bitfinex 24 hour chart, and each of them is above 1000 Bitcoins and mostly buying. That's low volume by Bitfinex standards, but it's eaten the 1600 BTC generated today. After the volume increases again the price will probably increase, this low volume's enough to keep the price reasonably stable.
98.
Post 15599066 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_14.55h):
It depends how you classify low volume. I can see two big bars on the Bitfinex 24 hour chart, and each of them is above 1000 Bitcoins and mostly buying.
Is buying possible without selling?
No but if the ask side gets eaten into it's considered buying and selling if the bid side gets eaten into.
Ah, gotcha. How does one tell if the ask side got eaten into by looking at the volume bars?
Check the 1.5k volume bar on this chart. You can see the price going up in almost a straight line during that trading period. I assume that means the ask side got eaten into. If the price had gone down in almost a straight line I would assume the opposite.
99.
Post 15762548 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_14.56h):
I dont think so, btc is sleeping
The big moves in price usually happen when they are least expected, like after months of BTC sleeping. Adam might get it right, or it might take longer, but eventually BTC will make a big move when nobody expects it.
100.
Post 15831807 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_14.56h):
Thanks for that link ECB... The post pretty much states that Bitfinex is going to make a more official update tomorrow, but in the meantime, like you said, Bitfinex is considering a way to socialize losses amongst Bitfinex BTC holders.
I don't really have a problem with socialized loss in the sense that Bitfinex would later pay back those "losers"... yet, I believe that they are not considering paying back the "losers"...
I think that it is a bit irresponsible to cause the users to hold the bag... and even though we are finding out some details, we still have to wait for more specifics, which seems to be scheduled to come out tomorrow.
Really the best option for everyone. Other option is to go belly up and then after 4yrs and a bunch of attorney fees you might see some distributions (see Gox). Assuming there'd be a full investigation and it wasn't internal job etc...
We are likely a bit too much speculation regarding various details at the moment because Bitfinex has only provided a rough outline of their intentions - and they also provided one side of the balance sheet without providing some kind of indication of the other side of the balance sheet, which would likely be disclosed in more detail later today.
I guess part of what I am saying, here, is that in order to attempt to achieve more confidence from current account holders and future account holders, they have to disclose enough details in order to inspire some confidence that they are being reasonable.
I don't think that we can come to any kind of conclusion regarding what is best if we do not have some more disclosure, and likely, since they are not a public company, they are going to be somewhat sparse with the level of their disclosure... in other words, they will be disclosing mostly from an attempt to retain business rather than any kind of actual obligation to disclose.
One last point, Bitfinex is already somewhat known for being a bit shady; however, so far (at least up until this latest incident), their shadiness had not prevented them from accumulating a lot of bitcoins in their trust and to build a large volume of USD/BTC trade. Maybe some of that trade is fake, but it is likely a lot more representative of reality than some of the other chinese exchanges (Ok coin and Huobi, for example). So, their known shadiness causes me to speculate that they are continue to be less than fully transparent, and so no matter what there are going to continue to be theories and speculation regarding whether some of this is an inside job, and perhaps if they do not propose some kind of publicly acceptable plan forward with sufficient details, their history along with this latest incident and perhaps inadequate plan will contribute towards their demise. I remain with my proposition that the most likely appropriate plan forward is to at least attempt to show that they are coming really close to fully compensating all affected users - otherwise they will lose credibility from the big investors. They don't actually have to carry out such plan, merely just put forth such plan to create such an impression that they plan to fully compensate (or close to fully compensate) everyone who was negatively affected.
They really don't have many option. Coins are gone, either they make everyone whole, compromise, or declare bankruptcy. Those are really all your options.
As far as compromise need to find a thin line between appeasing pissed off investors and staying solvent. They were THE LARGES BTC/USD exchange by volume so all that talk about loosing trust is irrelevant/FUD sure some trust was lost but clearly not enough to have much effect judging by their volume which i believe to be pretty accurate.
As far as giving everyone a haircut without issuing IOUs or finexcoins with a plan to repay is also suicidal, that's pretty much a definition of being insolvent. So naturally come to the same conclusion as cryptsy in the similar situation. Everyone gets an IOU coins
Bter gave everyone IOU coins to cover the losses from its hack. Unfortunately it only made one or two tiny repayments then stopped paying people back. It's still running but it has very low volume now. Finex might find it can't afford to buy back IOU coins if it loses volume. It could become a zombie exchange like Bter.
101.
Post 16125346 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_14.57h):
Good morning Bitcoinland.
No change... $580 on Bitcoinaverage.
When this thing finally breaks, it should be fun to watch. In the meantime, yawn.
Bitcoin just loves...I mean loves....SIDEWAYS price action....(btc you merciless bitch! pump already damn it)
It loves sideways price action so much that it's not going to stop for a few more dull months. It makes the vertical pumps more exhilarating when Bitcoin finally gets round to them. I estimate nothing will happen until October or November, then there will be an exhilarating pump.
102.
Post 16596749 (copy this link) (by poncho32) (scraped on 2020-04-04_Sat_14.58h):
jam traffic on monday ?
that's new ...
I would say that they went all back to work
but this will not answer it this time. Can be just a one-off: let's monitor how this continues. It would seem strange after all, unless
new people are awakening their dormant coins.
It's reducing back downwards in size now. The mempool size won't alter the price, it's been far above 10MB before and the price stayed steady. We all know you only have to pay a higher fee for fast confirmations if the mempool is bigger than normal. The mempool's size doesn't frighten us.
