All posts made by Moria843 in Bitcointalk.org's Wall Observer thread
1.
Post 6968941 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_12.47h):
I think this is only the beginning of the uptrend.
Most of us know nobody can predict the future, but after watching the 2014 MIT Bitcoin Conference videos on YouTube I still see a lot of smart and successful people saying they believe and are building companies to support bitcoin and are personally investing. Richard Branson investing $30 M recently in BitPay adds to that. I personally have purchased about 20 BTC lately at prices between 4 and 5 hundred as an investment and mine about 3 BTC a month. But it's a small part of my overall investments.
To add a little humility, I also rewatched the guy in 2013 pushing Mt. Gox as the greatest thing that ever happened, recommending everyone open an account, and predicting 1 BTC would be worth $20,000 in 2014.
The more I learn about bitcoin, the more I'm impressed by its potential. Some is based on logic; some is faith.
I believe back over $1k/BTC by end of year.
2.
Post 7074926 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_12.49h):
So why do you think we're going up?
3.
Post 7599765 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_12.56h):
Did they ignore the fact that if you tried to buy that many coins all at once at market price, you're going to change the market price? Or, am I getting something wrong? I believe that stability is a big draw for quantity buyers and they'll bid close to market price, or about $600/BTC, or get shut out.
4.
Post 7639409 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_12.57h):
Yes but over a long time period - not the next month and through the usual cause of business and probably through funding businesses that expand the bitcoin ecosystem. So there is absolutely no chance of 30,000 coins hitting exchanges in one go, so the market no longer needs to fear the quick sale and profit turn. To me this is about as bullish an outcome as we could have hoped for.
Agree 100%. Just pointing that sooner or later 30000 BTCs that were outside the market for a year are now back. They can all be kept unused or unchanged but they are back.
I too agree and have been buying since the auction was announced. Can't believe some of the paranoid views over the fear that 30,000 BTC will be dumped all at once or 0.3% making that much difference.
5.
Post 7771820 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_12.58h):
I achieved my buy goal. Now I'm just waiting.
6.
Post 7861970 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_12.59h):
Keep bouncing off the wall at $624! I'll have to ask my fortune teller what's going on.
7.
Post 7912827 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_12.59h):
After Dish Network, Newegg, and now Dell, I've come to the conclusion that merchant adoption in itself should have no long term effect on price. Especially when it's being instantly converted back to FIAT. Since BTC can be split 8 decimal places, there should never be a shortage of supply when used as a transport protocol.
JMHO.
Short of a nation having a financial crisis, I think we need some hedge fund money that would actually keep BTC, and thus decrease circulation.
Adoption may not drive price up directly. But as many have believed, the publicity that makes more people look into it and realize how great it is, is finally going to drive it up.
8.
Post 8003353 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.00h):
I'm buying a few more BTC. I think good time to buy if you have some dry powder.
9.
Post 8070296 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.01h):
wow I didn't expected to go down to 550$ again , and at this point of time it looks like its not too far.. btc-e already @562$
next 24 hours are critical.
The next 24 hours will determine the future of cryptocurrency for the next decade.
ya that might be pushing it a little.
More like the next year or two are critical! I'm in a long hold pattern,
10.
Post 8108621 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.01h):
I started buying at about $350 with a goal of accumulating BTC100. Reached goal at $650 with average cost of about $510/BTC. Always wished I would have bought more at $350. May get a second chance!
Don't cry for me Argentina! At least I wasn't GOXed! That would have been something to cry about. This is nothing.
11.
Post 8122721 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.02h):
I bought BTC2 at $580 each. Planning on buying S3 hardware boards from Bitmain when they come out in a few months but don't want to spend any of my "investment coins". Believe buying now is cheaper. As Paul Simon would say - "Still Bullish After All These Years".
12.
Post 8122738 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.02h):
I bought BTC2 at $580 each. Planning on buying S3 hardware boards from Bitmain when they come out in a few months but don't want to spend any of my "investment coins". Believe buying now is cheaper. As Paul Simon would say - "Still Bullish After All These Years".
Or, maybe really crazy!
13.
Post 8166630 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.02h):
Taking all factors (political, financial, rationality, greed, etc.) into consideration, I predict BTC will hit a high of $950 in 2015 and settle at about $750.
14.
Post 8180021 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.02h):
Will amazon and other big players accepting bitcoin cause the value to drop?
I'm thinking it will, since most use services like bitpay and it would make sense for them to sell the coins quickly. That would be a lot of selling that will probably offset good publicity.
For a large influx of bitcoins coming in, seems like it would make sense for bitpay and other big processors to sit on their reserves and just sell, and watch the price drop, and then build their reserves back up at the low price.
I hope somebody can tell me I'm wrong.
15.
Post 8181310 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.02h):
Will amazon and other big players accepting bitcoin cause the value to drop?
I'm thinking it will, since most use services like bitpay and it would make sense for them to sell the coins quickly. That would be a lot of selling that will probably offset good publicity.
For a large influx of bitcoins coming in, seems like it would make sense for bitpay and other big processors to sit on their reserves and just sell, and watch the price drop, and then build their reserves back up at the low price.
I hope somebody can tell me I'm wrong.
No, it'll actually drop sharply at first because whale traders like to quickly flash crash the market, in order to buy up cheap coins before the good news makes the media rounds and the actual public buying starts. In the next few days that follow, good news spreads quickly, more people buy, and the price naturally goes back up. Then the whales slowly sell it back down, reaping their 10% profits along the way back down to where it was before the good news was announced. Wash, rinse, repeat.
I'm surprised that others have not recognized this obvious pattern, as it has played out over and over and over again over the past 3 months. Good news announcements have always been accompanied by an immediate sharp sell off. The price rises, then slowly back down again.
Interesting!
16.
Post 8196860 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.02h):
Remember it's only money. Or is it
For the old Beatles fans
Ask the guy who says "I'm the taxman, ... yeaa I'm the taxman ...an"
If this doesn't make sense, you're too young to be complaining
17.
Post 8197104 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.02h):
It's all relative. I bought a lot of my coins at around $375. Thought it was high way back then (in April) when I bought them. I often wished I would have bought more at that price. Maybe I'll get a second chance.
18.
Post 8197951 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.02h):
What I wonder, with these multiple hundred coin dumps: Where do they get them from? Do they print them?
24 * 6 * 25 = 3,600 new coins mined everyday. Miners sell them to pay bills (electricity, miners..).
And they're so stinking rich they don't care about slippage?
Their margins are so slim and their debts and electricity bills need to be paid so likely they only have somewhat limited option.
I think this is actually likely to be a bigger factor than people think. In the last 12 months or so, we've moved from semi-pro miners who are likely to want to hold their freshly minted Bitcoin to commercial miners who are just in it for the profits, accumulation be damned. The Bitcoin inflation rate is therefore less masked and actually quite high at the moment. The last halving was followed by a rise many were claiming would not happen, I expect the next one to be very interesting. We have a while to wait for that though.
I still think most mining is done through mining pools made up of small miners like myself. I'm currently mining about 0.1 BTC/day or about 3 BTC per month. My hardware and everything else has been paid off through earlier mining and now my only cost is electricity, which was around $570 last month. So it cost me about $190 per BTC. I don't sell them and will keep mining as long as it's profitable. It's also a hobby and it's good that I don't have to pay myself an hourly fee to keep things going. I have 3 bitcoin wallets. One where my mining coins go; one for my purchased investment coins; and one for my spending coins. My spending coins account for only about 2% of what I have and the remaining 98% I'm holding.
19.
Post 8198214 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.02h):
I still think most mining is done through mining pools made up of small miners like myself. I'm currently mining about 0.1 BTC/day or about 3 BTC per month. My hardware and everything else has been paid off through earlier mining and now my only cost is electricity, which was around $570 last month. So it cost me about $190 per BTC. I don't sell them and will keep mining as long as it's profitable. It's also a hobby and it's good that I don't have to pay myself an hourly fee to keep things going. I have 3 bitcoin wallets. One where my mining coins go; one for my purchased investment coins; and one for my spending coins. My spending coins account for only about 2% of what I have and the remaining 98% I'm holding.
It shouldn't be too hard to tell assuming most new coins go mined->pool->miner (Though I know p2pool does straight mined->miner) and are held there for those accumulating. Anyone doing this analysis?
Others like Eligius go straight mined-> miner. When they enter my Armory wallet it shows the axes symbol and you have to wait for 120 confirmations to spend. The other pools I mine (slush, BTC Guild, GHash) hold them until confirmed and then distribute (only have to wait the 6 confirmations). I set up a watching-wallet for all the pools and it shows when they find a block (shows "mined" input) and it shows all outputs. You can do with an app called bitWallet on your phone. It allows me to keep track of how the different pools are doing in real time as the blockchain updates.
20.
Post 8201611 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.03h):
And so it begins
21.
Post 8216346 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.03h):
Big Step!
Just need the user adoption to go up at the same rate as merchant adoption is!
Giant step! Now we need somebody like Target to say they don't want you to have to give up sensitive info for ease of payment and they don't want to have to store it. Then phase out credit cards and offer a 10% discount to people who use bitcoin. From reading about how retailers that have started accepting bitcoin love it, I think something like this could happen soon. When it does happen I believe the price spikes for months! IMHO
22.
Post 8218153 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.03h):
i'll say around 2 weeks of boring sideways in the range 550- 590 until the volume dries up then the next boom through 700
Great! I'm going on vacation for 2 weeks. Now I'll be able to sell some at 700 when I get back to help pay for the trip.
23.
Post 8234727 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.03h):
I just sold 0.2xxx to buy 2 USB drives on Newegg. Please don't hate me for not holding
I'm still a bull, but love buying things with BTC and like most of us, believe doing so good for the cause.
24.
Post 8288269 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.03h):
I think most of the latest posters are from Colorado and are having too much legal fun.
25.
Post 8303774 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.03h):
Saw a blurp scroll by that feds just announced, among other warnings about bitcoin, that "bitcoin is a target for hackers" - good thing credit cards not a target
Missed what else they said, but glad they're on their toes protecting us with this breaking news.
26.
Post 8312957 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.04h):
I don't believe in charts or past trends. I just have a "gut feel" that price will go up in long term. Holding until it goes below $400 or above $700. Will buy more below $400; sell some when above $700.
27.
Post 8313651 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.04h):
I don't believe in charts or past trends. I just have a "gut feel" that price will go up in long term. Holding until it goes below $400 or above $700. Will buy more below $400; sell some when above $700.
Are you not worried by the crash at all? I mean I'm quite impressed if you're not, but I think it's at least somewhat worrying in these difficult times, after all. No one knows which way it'll go eventually...
No I'm not worried. I've done with bitcoin mining and bitcoin investment purchases the same as I've done with stocks. That is to put yourself in the position that no matter what happens, you have something to be happy about. That equilibrium point is different for everyone. But even if it crashes I can be happy I didn't buy too much; if it does great I can be happy I bought enough. It's finding your equilibrium point for different investments. My bitcoin equilibrium point is between 100 to 200 BTC and I'm at 112 right now. Average cost per BTC so far about $375.
28.
Post 8331074 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.04h):
the most fucked up at the moment are miners, an investor or a trader can close his position to cut his loses anytime, but miner will be stuck with a non profitable hardware that cant sell, above all of that he has to pay for mining costs (power, internet, maintenance, rent....)
Not true, depends where you are in the cycle. My miners have paid themselves off and continue mining at a cost of $190/BTC. So how am I "most fucked"?
Sometimes it helps if you know what you're talking about. You obviously don't!
29.
Post 8331494 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.04h):
the most fucked up at the moment are miners, an investor or a trader can close his position to cut his loses anytime, but miner will be stuck with a non profitable hardware that cant sell, above all of that he has to pay for mining costs (power, internet, maintenance, rent....)
Not true, depends where you are in the cycle. My miners have paid themselves off and continue mining at a cost of $190/BTC. So how am I "most fucked"?
Sometimes it helps if you know what you're talking about. You obviously don't!
what miners do you have ? and how did they pay off ( in term of BTC or $) ?
They are BitMain S1 miners, which I purchased with bitcoins directly from China. They're no longer made but still pumping. They are paid off both in terms of $ and BTC. I did have to buy some BTC to purchase the early ones, but when I look at the average cost of the BTC I used to purchase (around $375) and subtract their $ cost, plus electricity, power supplies, extra fans, etc. from the current value of the BTC they've mined so far I'm up about $1100 and they're still mining at $190/BTC. I'll keep mining them as long as they stay profitable.
Of course, if I was to count my time spent setting up and maintaining I'd be in the hole, but like most it's also a hobby. I was also lucky to buy the initial BTC I used for the initial purchases at a lower price and to use the earlier more profitable mined coins (when difficulty was lower) to purchase the follow on miners.
30.
Post 8350155 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.05h):
History, Gentlemen, History.
That it is my gentle friend, that it is
We are writing textbook today
Why is this history? We were in the low 300s about 3 months ago.
31.
Post 8350326 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.05h):
We're seeing the dog days of summer - and bitcoin
32.
Post 8367884 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.05h):
Well I put some more money where my mouth is. I just put bought 2 coins on Coinbase for $491/each. My question is is there a cheaper place to buy for people in US?
I also have a Kraken account but it restricts $ purchase because I'm in Ohio
I applied for a Circle account a couple months back and I'm still waiting for my "invitation"
Is there a "best" or better exchange to trade/buy BTC or should I just stick to Coinbase?
33.
Post 8381996 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.05h):
Important to have a plan. I have a plan and sticking to it!
Yesterday bought more under 500. Will buy more if drops under 400 or sell a little over 700. In hover mode now.
May be hovering for a while.
34.
Post 8421643 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.06h):
At least if it keeps dropping at this rate in a few months we'll all be able to afford being whales.
35.
Post 8456653 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.07h):
I just saved bitcoin. Haven't sold any for 6 months but sold one at $490 today.
Caused a turn-around, up since then.
36.
Post 8506256 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.08h):
T&A is better than TA, and more fun.
37.
Post 8526704 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.08h):
It was easier making money when we had the daily $60 swings. I miss those good old days
38.
Post 8540083 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.08h):
We're gonna stay around 500 for the next couple of weeks. Then it's down to 450, before we bounce up to 530 for a short while, then finding our way back to 480 or so.
Are you a master psychic or just a regular psychic?
39.
Post 8558213 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.08h):
Looks like a seeerious rocket getting ready to take-off here....
A bounce up would probably signal the last time we see 500
What you base this on??
Hope, crystal balls, tea leaves, fortune tellers, moon and stars, pictures of trains, their neighbor told them so, they read it in a blog, someone on twitter, this guy on facebook, they saw a picture of a rocketship and thought it applied, ........ you know the usual reaons
But they could be a licensed master psychic
40.
Post 8563197 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.08h):
I'm glad I didn't quit my day job to make a living predicting BTC
41.
Post 8569897 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.09h):
I've got sell orders above $530 and buy orders below $495. Tired of this sideways shuffle. Do something
42.
Post 8570191 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.09h):
3600 coins are 3600 coins, and it doesn't matter whether they are mined on some guys phone or a wall of silicon a mile high. But the guy who has to buy the mountain of silicon is a lot less likely to sell them for peanuts.
Not a bad feeling, a good one. Somebody obviously believes there's continuing future profit to be made in
BTC or they wouldn't have invested this much. Unless of course it's the Chinese government trying to "break or control"
BTC
43.
Post 8573814 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.09h):
If that's true no one in China (and most parts of the world, actually) should be mining, as they could get more bitcoin by simply buying from the market.
Why?
I was mining when it wasn't profitable last year. then the big pump came. But most asics are not currently profitable at current prices. these are facts.
I'm still mining with 8 overclocked S1s at 1.6 Th/s. Currently making about 1
BTC/month on about $330/month electricity. So I'm paying $330/
BTC since these old miners are all paid off. Until electricity cost is greater than value of
BTC mined, I'll keep on mining. You can still make money with equipment that has ROI'd. Not sure if I want to upgrade or buy more though???
44.
Post 8573940 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.09h):
I'm still mining with 8 overclocked S1s at 1.6 Th/s. Currently making about 1BTC/month on about $330/month electricity. So I'm paying $330/BTC since these old miners are all paid off. Until electricity cost is greater than value of BTC mined, I'll keep on mining. You can still make money with equipment that has ROI'd. Not sure if I want to upgrade or buy more though???
1btc a month every month without upgrading? really?
I never said every month. I said that's what I'm
currently making. Used to make a lot more of course; and realize that I will make a lot less in the future. My statement "Until electricity cost is greater than value of
BTC mined, I'll keep on mining" still makes sense.
45.
Post 8722522 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.11h):
Can we have one up day please?
46.
Post 8775000 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.12h):
in terms of hash rate we're probably seeing the change over from equipment that can no longer run efficiently, but doesn't mean a new wave of new tech doesn't come on line to replace in soon enough...interesting idea to imagine a new mining company selling at loss to hurt other miners pretty risky lol ... seems like another point where speculation over getting into mining is pretty obvious.
I am still running my bitfury gear, 1 year old, and I am still earning, thanks to cheap electricity.
But I think asic bubble is nearing its end, and I think there will be no more crazy difficulty jumps. miners are much more aware of potential risks these days.
asic bubble deflating = price crashing
I'm one of many miners not selling at a loss but did have to reduce hash rate to stay profitable. I had to lower the voltage to each ASIC on the old mining rigs, which forced reducing the hash rate but increased efficiency. Went from an efficiency of 2.5 J/GH to 1.16 J/GH. As a comparison, the newer most modern miners are 0.78 J/GH. My electricity cost is $0.13/kWh. At the current
BTC value and difficulty I can only make a profit by slowing down the old miners to make them more effecient. So, I'm not mining as many coins, but still making a profit.
47.
Post 8776337 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.12h):
in terms of hash rate we're probably seeing the change over from equipment that can no longer run efficiently, but doesn't mean a new wave of new tech doesn't come on line to replace in soon enough...interesting idea to imagine a new mining company selling at loss to hurt other miners pretty risky lol ... seems like another point where speculation over getting into mining is pretty obvious.
I am still running my bitfury gear, 1 year old, and I am still earning, thanks to cheap electricity.
But I think asic bubble is nearing its end, and I think there will be no more crazy difficulty jumps. miners are much more aware of potential risks these days.
asic bubble deflating = price crashing
I'm one of many miners not selling at a loss but did have to reduce hash rate to stay profitable. I had to lower the voltage to each ASIC on the old mining rigs, which forced reducing the hash rate but increased efficiency. Went from an efficiency of 2.5 J/GH to 1.16 J/GH. As a comparison, the newer most modern miners are 0.78 J/GH. My electricity cost is $0.13/kWh. At the current
BTC value and difficulty I can only make a profit by slowing down the old miners to make them more effecient. So, I'm not mining as many coins, but still making a profit.
What if the price keeps dropping to say... $400? What would be your response?
I make that decision monthly when I get my power bill. I have a watt-hr meter tracking energy used by miners. When I get the bill, I calculate the BTC mined over the same period covered by the bill. I calculate the incoming revenue from amount of BTC mined based on it's current value. From that I subtract the electricity cost to determine the profit or loss (old miners are all paid off and have ROI'd). As long as there is a profit I will continue mining. Current cost to mine for me is about $275/BTC. I will shut down if ratio becomes unprofitable due to low BTC value or too high/BTC energy cost.
48.
Post 8862666 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.13h):
My speculation - I think we're seeing a downtrend.
49.
Post 8863293 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.13h):
Oh well, it's only money. Or is it?
50.
Post 8874961 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.13h):
From 430 to 434! Uptrend
51.
Post 8875281 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.13h):
Has anybody else noticed that on Bitstamp the sellers are mostly small fractional BTC sales while the buyers are in multiple BTC. This tells me that the real money is buying from "scared" small sellers.
52.
Post 8877533 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.13h):
I had the urge to sell at 413 - for me that means buy!
53.
Post 8877940 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.13h):
It wasn't that long ago (march) we were in the 300s. Then we went up to about 680.
BTCgoes up;
BTCgoes down.
Don't worry; be happy
54.
Post 8878328 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.14h):
It wasn't that long ago (march) we were in the 300s. Then we went up to about 680.
BTCgoes up;
BTCgoes down.
Don't worry; be happy
If you trust the pattern repeats, then yes, be happy. If you don't believe in analysing lines on a chart. Though, this is scary
I really don't believe in analyzing lines on a chart. There are too may unknown factors. It's like watching all the financial shows and experts and just doing what they say. If that's all it took, everyone would be rich. Also, since they're saying a lot of different things, somebody eventually gets it right but it doesn't mean much. I do enjoy listening though, sometimes you learn something. I've learned how to get in that zone where you're at equilibrium. You can be happy either way because you planned it that way.
The same applies to all of life. When I'm on vacation I stay up late with friends and family, drink, and smoke, and have a good time. After vacation I get tired of smoking and get back into running marathons. I enjoy smoking but only smoke about 2 packs a year. Another example of equilibrium, I enjoy smoking and I enjoy
not smoking. But, if you can't handle the down side, or can't control, don't do!
I was also born poor but now very well off. Even if my few hundred
BTC went down to 0 it wouldn't change anything. I've already achieved my goal. So I can be happy. I'm doing this for fun. Happiness and fun, isn't that what we all strive for?
55.
Post 8896150 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.14h):
I guess weŽll see 300 soon. Not that I care, I am in so much loss, I can HODL only. IŽll sink with this ship what gives
I bought 1 BTC at $380.01 today off
www.coinbase.com...so obviously I jinxed it sorry about that....it now will tank more
( I ALWAYS pick the wrong time to buy...what can I say I'm a Savant!)
anyway figured I'd let folks know so they can have a chuckle when it slips below that price ...er..hmm...prob in next 3 min
the way my luck runs
oh well its only money right?
I always sell on the bottom, so my coins are on a paper wallet since April. So I cant touch them and I donŽt care about BTC at the moment. Just watching the drop... I "lost" 50% (invested 5 figures at middle range) if I would sell now. What gives, just money... Fuck it
If you haven't sold you haven't lost anything. You may end up selling at $2k/
BTC. I'm in the same boat so at least you have company.
56.
Post 8941296 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.15h):
BTC will continue going up and down. But, I'm only speculating
57.
Post 8942983 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.15h):
Need to breach wall at 465, then clear sailing for a while
58.
Post 9010432 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.17h):
All major merchants who receive
BTC immediately sell.
As a miner, I need to sell just to squeak buy; other miners probably doing the same; soon it will not be profitable to mine and many will stop.
Sold half my stash recently; may simply wait to buy back cheap as everyone panics; cheaper than mining.
Everyone selling, doesn't look good.
59.
Post 9010473 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.17h):
All major merchants who receive
BTC immediately sell.
As a miner, I need to sell just to squeak buy; other miners probably doing the same; soon it will not be profitable to mine and many will stop.
Sold half my stash recently; may simply wait to buy back cheap as everyone panics; cheaper than mining.
Everyone selling, doesn't look good.
you're STILL profitable???
god damn we need to go lower!
So what happens when everyone stops mining
60.
Post 9045505 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.18h):
Thank me for saving bitcoin! After holding for 6 months I sold a bunch at $375 and put orders in to buy back at $370 and $375. With my luck this will guarantee
BTC only goes up from here
61.
Post 9097789 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.20h):
23k wall!! Has anyone ever seen a steeper wall
62.
Post 9119239 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.21h):
As Freddy Mercury once said "and there you have it"
63.
Post 9123686 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.21h):
This too shall pass
64.
Post 9135232 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.21h):
Attack on wall 360
65.
Post 9143775 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.22h):
The days of wine and roses? I hope not. For those of you who are too young, this is an old movie and it didn't end well.
66.
Post 9144307 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.22h):
This forum reminds me of the GTAT forum (until Monday). The posts -- with almost a religious devotion -- claiming that GTAT was going to be huge soon because of Apple, and that investors were getting in early and were going to strike it rich soon. But alas, it failed, and the pigs got slaughtered.
I know most people here are first time investors and they think bitcoin is awesome technology or what not, and that's why they have to make all the comparisons with the Internet, the telephone or whatever when they describe bitcoin. It's a way to delude themselves into thinking that bitcoin is much bigger than it really is. Why is Wall Street not buying bitcoin, the currency? Because it's overhyped. They can see right through it, and they're staying out, and only investing some VC to extract potential value out of some of the start ups surrounding it.
Guys, I hate to be a wet blanket, but take a look at some of the stories on the GTAT forums, people got burned... bad. Lots of stories about losing years of savings. I know you'll all claim "this is money I can lose" because you're telling yourselves that there's no way bitcoin is going to zero. People said the same thing for GTAT. Like Warren Buffett said, when the tide goes out, we'll see who was swimming naked. I suspect a lot of you are swimming naked right now.
Be careful out there. I don't want to see the stories of people losing their retirement savings, or losing all the money that was earmarked for their disabled children or what not. Sadly, I know it's going to happen though.
You sure are so wise for being a newbie... Probably guys here are sending you PMs and asking you what to do, too?
Banned again by bitcoin high priests for being a heretic. You do realize they don't ban people on the gold forums or any other investment for being bearish, no? Like I said, this place is faith based, and that is why it will fail... no fundamentals to back it up.
Did you know the user base of bitcoin is smaller than the frequent flyer club of Kuwaiti airlines? Bitcoin has been around for almost 6 years and nobody out there is interested. It's all faith based and controlled primarily by whales. The whales are your God (OK, so it's polytheistic.)
Market moves however they decide. Eventually they will pull the plug on the believers, and we're going back to single digit dollars.
You may be right; I may be wrong. But there's nothing wrong in investing in something you believe in. Just be cautious and only invest in what you can afford to lose.
67.
Post 9186952 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.23h):
All you Apple haters - are you jealous or afraid
It's one thing to disagree, but there has to be a reason for the hate.
68.
Post 9188573 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.23h):
All you Apple haters - are you jealous or afraid
It's one thing to disagree, but there has to be a reason for the hate.
Apple haters? Here?
[...]
You can't connect it to a USB port of a PC without an overpriced proprietary cable.
[...]
you cant transfer files to the internal storage (no SD slot) without installing malware called iTunes and connecting to the internet.
You can't install any software (including free) without signing up for an Apple account, disclosing personal information and giving them a credit card number.
My Sony Xperia Z Ultra Android device [...] just plain works.
As a summary: either you OWN your device ... or not.
Yup
I guess all the people who can afford Apple products are stupid, including the 20 million preorders from China - NOT.
The markets decides - if their products were junk they wouldn't be selling and wouldn't have such a huge following.
Had an issue with my iPhone 6 first busy week; suspected it was Sprint issue; Sprint said it wasn't; called Apple, got a real person in a few minutes and they called Sprint and resolved (it was a Sprint problem).
Who do you call at Google for help when your carrier is giving you a hassle and claiming it's not their problem?Of course I may be bias since Apple stock made me very very comfortable and keeps on sending me a big check every quarter. I hope my
BTC investments do as well
69.
Post 9197600 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.24h):
I looked up FUD. I thought the FU stood for something else and was surprised
70.
Post 9213690 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.24h):
Must feel awful to have money in the stock market this month. Value plummeting every single day. But...
bitcoin users not affected!
I'm buying stocks today. All you need to know about stocks is what you learn from "Trading Places" with Eddie Murphy and Dan Ackroid. When everyone is buying like crazy you sell; when they're selling like crazy you buy. The same can be said about bitcoin. I also bought back some
BTC today at a discount to what I sold it for yesterday.
Of course you can't be all in! You always need some "dry powder".
71.
Post 9375485 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.27h):
I predict BTC will go up! A definite maybe.
If it doesn't, I predict that bitchiness will go up.
72.
Post 9382600 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.28h):
I've been buying on the dips.
At this rate I should have the 50,000
BTC by the time the price drops to where I can buy 2 large pizzas.
I hope they're good pizzas.
73.
Post 9426976 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.29h):
What do you guys think about the lack of asks in the books? The ask side is totally flat on both Stamp and Finex - no walls, no even small ramps - only the Chinese exchanges seem to have some kind of balanced book.
That means there are a lot more buyers (bids) than there are sellers (ask) at the current price. A bullish sign, but my Ouija board could be wrong.
74.
Post 9509597 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.30h):
Good price now but is $355 too much to ask for??
You sold at 300 didn't you?
300 is over-bought. I will be shorting until we hit $250
Don't get caught with your shorts down.
75.
Post 9523077 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.31h):
I'll be happy if we finish the day above $400. Sold some at $419
76.
Post 9534608 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.31h):
Bitcoin the currency is totally useless. Everyone is just going to use the blockchain technology.
You make no sense. Using the blockchain technology without
BTC and associated miners and other support won't work. It's like having a GPS locator without the GPS satellites - would be useless.
77.
Post 9534635 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.31h):
Sold some at $449. More cash to buy more
BTC from those who sell low
78.
Post 9534753 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.31h):
Some of you guys will never learn. When the price rises 10% over a couple days, you need to ask yourselves, "has anything happened to justify this increase?" If the answer is no, then it's a pump and dump. Every previous rally was triggered by some type of event or sentiment. Chinese exchanges opening, the US government softening its position, or major retail adoption. But none of those matter anymore.
What's happening now that could possibility rally people to buy bitcoin? Increased competition from Apple Pay? More regulations incoming? So... basically nothing.
It doesn't matter - it happened. I made thousands from Netflix stock while hearing people whine about "price increase not justified".
79.
Post 9535048 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.31h):
Battle brewing at 400!
80.
Post 9719461 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.36h):
Reviewing the earlier predictions for where BTC would be by the end of the year 2014 it looks like pretty much everyone was over optimistic.
Forgive me if I'm actually posting something to this thread dealing with the BTC price; hasn't happened much lately
81.
Post 9785680 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.38h):
The last 5 years were critical
82.
Post 10152094 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.48h):
I just bought 10 more BTC at $194. Will hold for at least 1 year.
Will I be glad or sad one year from now?
83.
Post 10155401 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.48h):
first chart check of the day for me just now. what in the ever living fuck happened!?
i mean, jesus. it's not quite half what the previous ath was (266 i mean. half being 133, obviously) but jesus. this is crazy. did i miss some epic fail news? big hack or something? i know bitstamp got hit for 19k btc, but this seems like more then that since it's spread across exchanges.
No crazy negative news mate.
I guess weak hands are just scared & selling because they think it's the end.
well then, i better get buying... oh wait, uber lowered the rates so i'm making diddly... nevermind.
least my interview with netflix today went well. want me back for a second one. all well wishes accepted and get a satoshi!
Good luck. If you get the job I'll be helping to pay your salary. I'm a log time subscriber and I like Netflix more than bitcoin lately.
84.
Post 10178625 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.50h):
Bitstamp told the truth and all my
BTC were there and I withdrew just to see if I could. No problem. Good sign
85.
Post 10219299 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.51h):
What does HODL mean? Doesn't even show up in google
86.
Post 10280581 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.53h):
Why aren't the Greeks and Russians buying?
87.
Post 10312675 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.55h):
With their currencies tanking, why aren't Greeks and Russians buying more bitcoins?
88.
Post 10345520 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.56h):
Bitcoin's on a run - only $1000 more and we'll be at an all time high
89.
Post 10440795 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_13.58h):
Where are all the predictions and YouTube videos for bitcoin going over $10,000?
90.
Post 11045139 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_14.10h):
For BTC to gain it's going to take some large company to say "all we'll accept is BTC or cash" or some real "killer-app" that no one has even dreamed about yet. If Target or some company that got burned would say "we don't want to keep your personal info and only accept BTC or cash" then we would see BTC go up. Don't know if that will ever happen???
Maybe Factcom is the killer app?
91.
Post 11076178 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_14.11h):
I'm long - "that's what she said"
92.
Post 11087091 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_14.11h):
I used to own a Fiat but I sold it
93.
Post 11292041 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_14.14h):
Just watched "The Rise and Rise of Bitcoin" free on Amazon Prime.
When does the "The Fall and Fall of Bitcoin" or, the empire striking back, come out
If the price goes back up then maybe we'll get "The Return of the Bitcoin Miner" for all of us who stopped mining because we're losing money.
94.
Post 11293277 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_14.14h):
Just watched "The Rise and Rise of Bitcoin" free on Amazon Prime.
When does the "The Fall and Fall of Bitcoin" or, the empire striking back, come out
If the price goes back up then maybe we'll get "The Return of the Bitcoin Miner" for all of us who stopped mining because we're losing money.
I perceive BTC mining as an flamboyant idea. This idea incorporates a long promise. You're investing in something that *maybe* will give you back your investment in the future. If you do the (simple) math you will understand that under a certain USD/BTC price, it simply doesn't worth it.
More specifically, under the current circumstances all miners are better off buying BTCs instead of mining for them. The prices are so low that you could get yourself a new BTC every month, with absolutely no gear and no sweat at all. Good luck mining for one with your gear.
As for the mining centralization worries, I think that it will be decentralized but not because big companies are not getting into the game. It will get a decentralization after the next block halving. The price to pay in order to mine for BTCs is unfortunately tied to the Moore's law which is the most significant aspect of the question: "Should I mine for BTCs?".
So, there won't be an "infinite" rise on mining power as there cannot be an "infinite" shrinking to the current IC hardware. So, eventually... decentralization will occur because nobody will spend so much money to get into a game that will deliver "so little", with the only promise that "it will get higher in the future".
Of course, I may be wrong and the price of USD/BTC will hit 10,000 or more so this fires up a totally different scenario. But for now; this is the reality.
As someone who is involved in physical mining and cloud mining some of what you posted is not true.
Using Hashnest as an example. If you purchased cloud mining in the beginning of this year you paid .15 BTC to 1.39 BTC per TH (depending on the type of hashing your purchased) Currently the lower level is worth .212 BTC per TH and the upper level is the same value.
The hashing you purchased has gone up or retained its value and you have pocketed the earnings for the last 4 months. The person that did that is better off than the one that just purchased BTC from an exchange.
PLEASE keep in mind that the last 4-5 months have been a very different situation compared to the last few years. It is very easy to loose money mining but some people are making good money in mining. We are not all doing it out of the kindness of our heart.
Valid point there! I didn't count the cloud mining possibility! As I often say, it's only my musings, and I may be wrong in those aspects you've posted. Veritably true though, the buying part is what a *classic* miner should do at this time period. I really look forward for a good mining contract that works as an alternative though. If you have something in mind, please indulge me. I only care about making more BTCs not fiat.
Cheers.
I guess I haven't actually lost money because I "technically" still hold all BTC, it's actually an "unrealized loss". I have traded some of the mined coins on Bitstamp and by selling in the 500 - $600 dollar range and buying back in the 175 - $250 range I ended up with more BTC. Another advantage is by using FIFO accounting, I was able to use the coins I mined in the $600 that I sold in the $500 range as a capital loss (even though it was only converted to $ on the Bitstamp books and I ended up using the $ to buy more BTC). Filing my taxes I was able to use the "capital losses" to offset stock capital gains and also got to write off the mining cost. The IRS rules actually worked in my favor this year. I stopped mining and I'm still waiting for what the future will bring. Just concerned over too many miners stopping.
95.
Post 11304344 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_14.14h):
At this rate, will we still be able to get two really good pizzas for 50,000 BTC in 2020?
96.
Post 11354976 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_14.14h):
This is boring. Wake me up when we top $700
97.
Post 11357769 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_14.14h):
Waiting for Argentina to adopt as official, or unofficial, currency. Believe that will be a big boost.
98.
Post 11878637 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_14.21h):
Wake me up when we cross $500
99.
Post 11894022 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_14.21h):
Do both
100.
Post 11926599 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_14.21h):
Bitcoin is the fastest growing area of startup investment since mid-2012, huuray!
According to whom?
101.
Post 11935556 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_14.21h):
was btc-e, then bitfinex, now localbitcoins down.
It's still up for me.
That's what she said.
102.
Post 11993190 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_14.22h):
Why is coin horizontal. It should be vertical. No wonder BTC is stalled.
103.
Post 12050149 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_14.22h):
Waiting for next bubble train to leave the station - choo choo
104.
Post 12230193 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_14.24h):
Just think you could have had all those coins in the stock market. Timing, if we could only get the timing right.
105.
Post 12230731 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_14.24h):
I'm still buying and holding. Am I the only one?
No there's at least 4 of us.
106.
Post 12230790 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_14.24h):
If everyone keeps selling BTC and Apple I'll soon own most of both. Then I can use the $150 Billion of Apple cash to buy BTC. Maybe then the BTC price will go up.
107.
Post 12446870 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_14.26h):
IBM Adapts Bitcoin Technology for Smart Contracts
http://www.wsj.com/articles/ibm-adapts-bitcoin-technology-for-smart-contracts-1442423444Articles like this used to move the needle. Why don't they anymore?
108.
Post 15336575 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_14.54h):
I asked my 8 ball if we would break $1k soon. It said yes! I'll have to ask the Ouija board next to get verification.
109.
Post 15416031 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_14.54h):
Been mining since when profitable to do on CPU. Price needs to double after halfing for me to keep mining. Not likely. More profitable trading, sellinf coins I bought cheap. We'll see what happens.
110.
Post 15527889 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_14.55h):
All the geniuses said it would skyrocket.
If all you had to do was listen to the "experts" to make money, everyone would be rich.
111.
Post 15531349 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_14.55h):
That's what she said.
112.
Post 15702919 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_14.56h):
So much for the halfing raising price. Small miners quitting. Hate to see the next one.
113.
Post 15705467 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_14.56h):
I hope you're all right. I was a small miner who can no longer afford to mine based on local electricity cost. Just believe there are a lot of others in the same boat who will stay shut down unless the BTC price raises significantly. Don't see lower difficulty having as much of an impact.
114.
Post 17601928 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_15.02h):
It's great to be playing with the houses money. Something everyone should strive for. Spend more time on vacation and enjoy life, Don't worry; be happy.
115.
Post 17601966 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_15.02h):
Well said.
116.
Post 17804577 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_15.03h):
It will be a pleasant surprise to go over $1k again SOON with all that's going on
117.
Post 19568216 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_15.12h):
ETC is the future. All the ICOs using it. Bought over a 1000 at $7. Cashed out enough to be up mucho grande up even if it goes to 0. Playing with the houses money.
118.
Post 19568361 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_15.12h):
ETC is the future. All the ICOs using it. Bought over a 1000 at $7. Cashed out enough to be up mucho grande up even if it goes to 0. Playing with the houses money.
Even the slip-shoddiest shitcoins on the market performed orders of magnitude better in the last couple years than we did. But congrats just the same.
Still also believe in BTC since been mining and trading since 2012, and holding many. Just worked out well to diversify, especially with ETH and XMR and FCT when they were cheap. Even made money on selling the shitcoin Potcoin yesterday when it was up 79% (thank you Dennis Rodman). Timing is everything.
119.
Post 19618245 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_15.12h):
Litecoin mooning. Havent heard that in a while. Congrats to litecoin hodlers, i dont own any but if any alt were to rise im glad its litecoin and not shitcoins like ETH and Ripple.
I wouldn't call ETH a shitcoin. Been hearing that along with warnings not to buy since it first came out. I'm glad I ignored all the experts calling it crap since it came out and bought gobs at under $7 over the last 2 year. Now it's over $365 (down from near $400).
The ease it allows for smart contract integration is a strong feature. I guess I'm just not as smart as the ETH shitcoin callers. At least I can get some consolidation from watching my new lakefront home being built, funded totally from a portion of my ETH profits.
120.
Post 20562937 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_15.16h):
BCH $800 on Kraken. Can't complain about the free money.
121.
Post 20563036 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_15.16h):
Oh, dear! I was struggling to get 10-20% from
BTC on kraken, while I could've gotten 700% from BCH
Unfortunately, I was too blinded by the
BTC trolls that BCH would be dumped hard to say 5-6$.
Now it's too late and if I am tempted to catch the moving BCH train I will lose all with my bad luck... I guess when the exchanges open for deposits it will go down significanly, but it doesn't matter for me.
I read the same from the "experts" about ETH being a shit coin or scam when it was $7. I still bought over a 1000, now worth over $200k.
122.
Post 25322769 (copy this link) (by Moria843) (scraped on 2020-04-04_Sat_15.29h):
Next Big Bang episode about BTC should push it well above $10k from all the attention. Good time to sell.
https://www.youtube.com/watch?time_continue=12&v=tr3KLCDAlnU
