All posts made by Yakamoto in Bitcointalk.org's Wall Observer thread
1.
Post 13622520 (copy this link) (by Yakamoto) (scraped on 2020-04-04_Sat_14.41h):
Are we going to crack $420? The market is/was on a small but rapid upswing, according to preev.com anyways. Is the value really rising that rapidly, or am I being too wishful right now?
Currently averaging at $418.4 as I complete this post.Chinese pump. 3000 yuans in a few hours. Enjoy the show.
Oh. Welp, there goes the upswing.
2.
Post 13622570 (copy this link) (by Yakamoto) (scraped on 2020-04-04_Sat_14.41h):
Speaking of volatility... I am not sure what to make of this recent price action.
it fascinates me also
To be honest, there might have been a pump by someone earlier this morning, and now all the traders are realsing that Bitcoin is trending upwards, and buying to recoup some of their losses from the recent downturn, and thus the price continues to slowly work higher. I just saw the average break $420, so I would say more people investing is not beyond the realm of possibility.
3.
Post 13653527 (copy this link) (by Yakamoto) (scraped on 2020-04-04_Sat_14.42h):
the price seems to be getting back after the previous drop, the blocks are getting filled more and more often, i hope this problem will be solved as soon as possible as its definitely not a good thing for bitcoin
The price is still higher than it has been in the past recently, however I do agree that the drop has not been good for Bitcoin. I am not a master of economics, but I think a steady rise is not entirely out of the question for now. We are currently mostly stagnant at $389/$388, and it hasn't dropped severely since then.
4.
Post 13663902 (copy this link) (by Yakamoto) (scraped on 2020-04-04_Sat_14.42h):
...
Or in your business language: We can give away our product for free, said no successful business ever.
...
Depends on what you mean by "for free" :- There's Google...
you pay google by advertisement
maybe we can put some advertisements on every TXs
"sponsored by Coca-Cola"
Google didn't start out by charging for searches, email, etc. Had zero ad revenues because zero ads.
I guess Google should have started out by charging for its services, would have been a multi-gazillion-dollar co. by now.
Part of why Google is so popular is because it did absolutely zero ads during their first startup, and this lead to everyone using it to recommend Google over other search engines, as there were barely any ads. And it's pretty much the same way now. The ads are very non-intrusive, and this is what is making them so much money.
I think Google migght only be the size of Bing or Yahoo if they started with ads, and there would most likely also be a more distributed market share.
5.
Post 13715374 (copy this link) (by Yakamoto) (scraped on 2020-04-04_Sat_14.42h):
I wonder how many people have lost their shirts trying to trade this over the past few days
It is really just no rhyme or reason to any of it
A large majority of people are primarily interested in making quick and easy money right now, so they are trying their hardest to make money and not to lose it. This is, obviously, an issue, as they will become blind through emotion and continue trying to make money, and then inevitably lose it during a downswing in the market.
6.
Post 13875457 (copy this link) (by Yakamoto) (scraped on 2020-04-04_Sat_14.44h):
It isn't hard to see a perfect storm for bitcoin during times of further turbulence in the major markets, where negative rates are being introduced in Western economies as central bankers start to lose control.
add that chinese are panicking trying to get out from their currency:
http://gata.org/node/16189and that tomorrow night the chinese markets reopen after the vacations, and you have a case to pull out your monocle from the pocket.
When the chinese markets reopen, and if what you are saying is accurate and representative of what is currently happening in China, you can definitely bet that there is going to be an upswing in the value of Bitcoin over the next few days, especially considering that there's already been a steady increase happening.
7.
Post 13876646 (copy this link) (by Yakamoto) (scraped on 2020-04-04_Sat_14.44h):
Bitcoin now has a rather nice flag formation after the rise from 200-500 with little media fanfare. The alt's are waking up and the halving is approaching. The only thing keeping bitcoin back is the blocksize debate which will soon resolve either by a HF with majority of miner support, or with Core acquiescing to the demands of the market and miners (3 weeks!) and fixing a 2mb blocksize HF in the roadmap.
The Chinese will stick with Core, they are quite conservative with respect to leadership. I'd be surprised to see Core implement 2MB blocks in addition to segregated witness, but we'll see.
And so long, farewell, auf wiedersehen 300s!
I'm actually pleasantly surprised with the steady price increase recently. Does anyone know the reasoning behind the increase? Does it have anything to do with the lack of users moving to classic or something, and now that the investors see that, they're buying again?
Or has Classic caused the increase as more users flock to it?
8.
Post 14171348 (copy this link) (by Yakamoto) (scraped on 2020-04-04_Sat_14.47h):
Not surprising, I was wondering when ETH was finally going to get fiat exchanges open.
This is interesting news, and I really want to see where it goes. It seems like ETH keeps gaining momentum.
9.
Post 14171374 (copy this link) (by Yakamoto) (scraped on 2020-04-04_Sat_14.47h):
and then the comman folk are going to hear about ETH and how its "better" then bitcoin and they will think investing in ETH is like investing in bitcoin in 2011 and then BAM 2BTC/ ETH pricess
Potentially that can happen, but ETH is heavily based on speculation right now, to my knowledge. There aren't many ways that ETH is better, and it primarily benefits coders, not average people.
We'll watch and see where it goes, but I am very skeptical that there will be anything near 1BTC/ETH. Even that seems a bit too high.
10.
Post 14171426 (copy this link) (by Yakamoto) (scraped on 2020-04-04_Sat_14.47h):
and then the comman folk are going to hear about ETH and how its "better" then bitcoin and they will think investing in ETH is like investing in bitcoin in 2011 and then BAM 2BTC/ ETH pricess
Potentially that can happen, but ETH is heavily based on speculation right now, to my knowledge. There aren't many ways that ETH is better, and it primarily benefits coders, not average people.
We'll watch and see where it goes, but I am very skeptical that there will be anything near 1BTC/ETH. Even that seems a bit too high.
sure its all speculation right now
but that could change...
what if banks private blockchain start interacting with ETH?
ETH is not afraid to do some updates and require heavy duty machines to power its networks, meanwhile Core is trying to figure out how to run the world's settlement layer on a raspberry pie.
this is it guys
Move over to ETH or die!
i've been drinking.... heavily
I can tell
I think that ETH is more for smart contracts as you may have read in some of my other posts (I can't remember if you were one of the people I have seen reply to one of those posts) and it certainly has the potential to become a big thing, but it all depends on how usable it becomes.
11.
Post 14550111 (copy this link) (by Yakamoto) (scraped on 2020-04-04_Sat_14.49h):
I don't even watch this thread all the time and I still find it more entertaining than TV. If we don't have two people arguing about a price crash or something it is a bunch of "guis ples enlish is nut me first langugge". Not to offend them of course, they're trying, but it definitely looks hilarious on paper.
12.
Post 14611976 (copy this link) (by Yakamoto) (scraped on 2020-04-04_Sat_14.49h):
Should the low volume be concerning?
No, that's probably driving the price right now. Maybe people are really buying to hold until the halving?
Also, can I get an ELI5 for why the price has been moving so favourably recently? I haven't heard anything for this to make sense.
13.
Post 14623980 (copy this link) (by Yakamoto) (scraped on 2020-04-04_Sat_14.49h):
I'm staying here, the activity on the other site is abysmal. Even if this forum is filled with shit topics or non-native English speakers, I couldn't be bothered to wait for long periods of time just to read something else.
14.
Post 14624123 (copy this link) (by Yakamoto) (scraped on 2020-04-04_Sat_14.49h):
I'm staying here, the activity on the other site is abysmal. Even if this forum is filled with shit topics or non-native English speakers, I couldn't be bothered to wait for long periods of time just to read something else.
That site, started and controlled by cypherdefendant, is an exercise in group narcissism and Core dev hatred. Half the posts over there are cut/pastes of reddit posts made by the forum poster themself - "look what I made!!!"
I wouldn't be surprised, there seems to be a lot of people putting in the minimal amount of effort (including stealing other people's content) just to get recognition. Quite despicable, if you ask me.
And the "fair discussion" that /r/btc offers in contrast to /r/bitcoin is probably the funniest thing I've ever seen.
15.
Post 14655625 (copy this link) (by Yakamoto) (scraped on 2020-04-04_Sat_14.49h):
Talk about putting your mining hardware through hell.
Sea water would destroy everything, and you can even see the rust on the prototype near the ladder. Imagine what that does to precision electronics...
16.
Post 14688613 (copy this link) (by Yakamoto) (scraped on 2020-04-04_Sat_14.49h):
let me guess...
"Bitcoin illegal in China!"
Isn't Bitcoin always illegal in China, or did they release a new law mandating that people declare that Bitcoin is banned every day or two?
Ups and Downs are probably from panic headlines, and thus there isn't really all that much to actually analyse.
17.
Post 14763230 (copy this link) (by Yakamoto) (scraped on 2020-04-04_Sat_14.50h):
I was hodling no matter what happened to the price, then Gavin announced Craig Wright had proved he is Satoshi. I panic dumped right at the bottom, then had to buy back after it became clear it was all bull. I'd never have panic dumped if it wasn't for all the Satoshi lies.
Seriously, what was your rationale for dumping?
Come on, if Satoshi really was Craig Wright it would have started a dump down to the pits of hell. You could see it starting, then stopping when people started to digest all the information and realise there was no proof.
LOL silly humans, how can you not see that this is the EXACT REASON why he just didn't move
BTC1MM. Don't know if he is/not Satoshi but he's at least smart enough to prevent a bunch of people reacting like poncom. Give out news one cryptic bit at a time and let the market digest it. Also, some people gain notoriety by discovering planets, and some by burning churches. His life would probably change dramatically.
Well it would be nice if he didn't back out of giving his "cryptic" news out, and decided to carry through. He's backing out saying "He's not strong enough" and we can assume he has no evidence to support his claims if he starts to exhibit this sort of behaviour. It would be easy enough for him to send a signed message from the wallet and verify himself that way, and he wouldn't have to back out and leave his claims.
18.
Post 14791552 (copy this link) (by Yakamoto) (scraped on 2020-04-04_Sat_14.50h):
ive said this many times, halving is priced in, those that want to buy already have. There is not enough buy support to maintain a pump. Theres waaaay to many people hoping to dump on noobs at $600+...problem is even the noobs now use google and have access to a wealth of information unlike 2013 when everybody was a noob,lol.
BTC is gonna dump real hard in the next month or so..probably back to $300s over summer...then watch out for oct ( good times begin again)
BTC will pump but only after the scalabilty issue is solved ( cmon dr wright, make that super computer do sum magic ) 2017 btc will be $1k+
bear logic: it will crash so i can buy back lower and THEN it will rocket to the moon. duh!
How about another bear logic: let some guinea pigs try to break resistance at 500$, reach about 550$, then I'll buy the next dip, because it should reach 700+.
Sounds like a good idea, I'd probably be doing this if the price cracks $500.
In your opinion, though, how many corrections will we experience, and how severe will all of the corrections be? I might get in on some additional Bitcoin is the value goes down enough at parts.
19.
Post 14859584 (copy this link) (by Yakamoto) (scraped on 2020-04-04_Sat_14.50h):
Next target: $466, then on to the $470s and a new high for 2016.
...but not before we revisit 440.
$440? I thought we left that behind weeks ago. We might very well dip below $450 though.
$440 is gone, dipping below $450 seems unlikely at this point, $460 is the new goal that we should want to see and get the value there for a while. If we could see something like this, then I would say $500 isn't an impossible goal before the halving.
20.
Post 15072714 (copy this link) (by Yakamoto) (scraped on 2020-04-04_Sat_14.51h):
Based on some of the market averages, I think we might be watching a steady rise until we cross $580, and we might go further than that from there, no guarantees though.
Looks like a lot of investors are realising there is a fair amount of money being moved around, and they might want their own piece of the pie. Prepare for the markets to start getting interesting.
21.
Post 15256741 (copy this link) (by Yakamoto) (scraped on 2020-04-04_Sat_14.53h):
I just realized that despite how we dropped from 780 to 707 and then back to 757, today feels like a pretty calm day somehow. Anyone else feel like that?
In a strange way....Yep!
The Bitcoin market is actually something that gives me a lot of confidence, in its own way, because of the ability for it to bounce back from any issues and the market always rebounds to where it was, even after a selloff.
The market has been calm, and it's a nice change from what we'd normally see.
22.
Post 15672762 (copy this link) (by Yakamoto) (scraped on 2020-04-04_Sat_14.55h):
There is no way to determine whether or not it is a good buy time because we haven't seen a lot of potential energy coming from the market, and there doesn't seem to be much enthusiasm with the traders right now, so it doesn't seem like buying today is a good idea. Maybe in a week or two I can see more of a buy scenario, but for now I would hold off and see where it goes.
There might be a breakout coming for Bitcoin soon, but we'll have to wait and see.
