All posts made by kurb3l in Bitcointalk.org's Wall Observer thread
1.
Post 8734701 (copy this link) (by kurb3l) (scraped on 2020-04-04_Sat_13.11h):
Normally i'm a silent reader but the price swings lately - especially today - made me register for an account.
Are we really going to "da moon" because of today's news? I have been holding coins for the last two months so i would sure hope for a bit of an upswing.
Clearly PayPal is a huge payment processor and them using bitcoins is another big advertisement for bitcoin.
I'm just not sure if braintree/paypal will just act as a gateway to coinbase or what their plan is.
My understanding is that people will be abled to use their paypal account for payments in another "foreign currency", the XBT/BTC/COIN.
In that case people won't have to learn how bitcoin works. In my opinion, bitcoin will go further into the background.
PayPal will buy new coins each time someone buys a product and quickly after that the merchant will dump these coins again.
People won't need to buy coins on their own and fear a fluctuating exchange rate.
While i see the huge advantage for the non-techies, i don't think it will have a huge impact on the price.
Please share your views on this, i'm interested in your opinions.
2.
Post 8735054 (copy this link) (by kurb3l) (scraped on 2020-04-04_Sat_13.11h):
Forget the price for a moment. Daily and weekly price movements are noise. Everyone who cries about companies adopting btc because it puts pressure on the price needs to get a brain that thinks more than a week in advance.
The big picture is that the future of bitcoin is adoption and usage by more and more people. Dell, Global Payments, PayPal, etc, are all steps forward in usage. Remittance actually works in the Philippines, at a total cost of 2% (buying, transmitting, selling, dumping cash into bank account), and other countries will follow. None of these will have a huge short term impact on price. But they are necessary and huge successes in the long term, and should be priced in as major stepping stones forward.
The next step is store of value, taking on the tax haven money and gold bugs. These will have a much larger effect on price, but require more stability in price.
If you only care about the price in 6 months, hate on PayPal adoption. If you care about the price in 2 years, cheer for PayPal adoption. More usage, more adoption, demands a higher market cap in the future.
I'm not hating on the PayPal adoption, i actually think it is a huge step forward. The product that PayPal is selling is their easy-to-use payment system. You can buy things internationally with one click and don't have to exchange money. PayPal takes care of it all. The thing that brought me to bitcoin is the economic principle behind it and in my opinion people will be able to use bitcoin just as another payment option. So they won't have to care about the idea behind it. While this widens the possible usage, it puts bitcoin as the great idea it is in the background. That's the risk i see. But i will hodl
3.
Post 8749377 (copy this link) (by kurb3l) (scraped on 2020-04-04_Sat_13.11h):
I haven't caught up to the thread yet, but I just wanted to say
Welcome to the best thread in the universe (of bitcointalk.org)
Bitcoin is not easy enough for regular people, like iPhone users and such.
I think bitcoin's place is in the background, just like regular people are never going to understands how packets are routed, regular people are never gonna really understand bitcoin.
They need a slick app that makes things easy. Apple and visa are announcing such an app tomorrow apparently, pay pal is just trying to steal some thunder.
Might take a few months, but don't get discouraged, personally I am buying the 500 CAD level every time it gets hit on virtex, with whatever I can afford. New fiat won't be available till the end of the month, I doubt the price will be this affordable by then.
This is not investment advice.
Happy to be here
I hope you're right, i won't be buying any more coins as i hope this is the bottom.
It's amazing to see it reach lower lows every day :]
I thought we would be experiencing an uptrend when the 1d MACD turned green on the 4th of september. The 12h and 6h had been going up aswell.
But this is new to me, maybe i'll have to reread how it works
4.
Post 8749627 (copy this link) (by kurb3l) (scraped on 2020-04-04_Sat_13.11h):
I'm not going to wear an iwatch or any other computer watch. I think apple is taking a misstep here imho.
when the ipad was announced:
everyone: "what do i need that for? lol"
six months later everyone had one, or at least a tablet of some sort.
well that is after steve jobs left apple. there hasn't been that much of a breakthrough since.
The iPhone and the iPad had the advantage of big screens while still being some kind of portable.
But a watch is just... you can't really do that much with it. The iPhone brought the possibilty of apps and it was new.
Now you get a small display with less technology. Sure, fanboys will buy it, i wouldn't count on its success...
5.
Post 8750087 (copy this link) (by kurb3l) (scraped on 2020-04-04_Sat_13.11h):
Ha ha. Me too. It would a least be nice too test the wall and see if that was the case.
Also I think there is a bit too much anonymity for large players in the market. Currently there is no way to tell if a player is buying/selling his own coins (using different accounts). If this has become common practice it is really bad and no one benefits from it. If large players were forced to display a trader identification code that would provide a way to recognize moves of individual large players. It could also help to identify when these large volume events are legit.
Isn't this a free market?
It leaves a huge possibility for manipulation. I'd be interested to see who's initially buying and how many follow after, just so the initial buyer can dump higher. Quick bucks are being made
6.
Post 8765618 (copy this link) (by kurb3l) (scraped on 2020-04-04_Sat_13.12h):
So, what do you guys think: Will we break 490 USD/3000 CNY in the next couple of hours?
Seems there were a few tries but it's not staying above. On stamp it's only 70 btc to go to 490 usd, but on huobi it's almost 1700 btc till 3000...
I'm hoping we can keep the momentum!
7.
Post 8801246 (copy this link) (by kurb3l) (scraped on 2020-04-04_Sat_13.12h):
Seems so.
bitcoinwisdom says
Hash Rate: 217,992,542 GH/s
8.
Post 8802376 (copy this link) (by kurb3l) (scraped on 2020-04-04_Sat_13.12h):
^^ This. Looks like that big buy was no whale accumulator, but a/many shorter(s) closing their positions for
low slippage.
Potentailly bearish in reality as 11k was waaay too high for the market to make any significant move down.
Now at 5.5k, there are not enough shorts to squeeze IMO.
What does this mean? I am not very familiar with the technical terms...
That big wall on BFX allowed the majority of the 5k shorts to be closed without moving the price significantly.
Low slippage = executing an order without significantly moving the market - if the wall had not been there, executing a market buy to close those shorts would have wiped out the order book and pushed the price way higher = high slippage
Hence why they were potentially a sitting duck for a short squeeze. Now that they are gone ...
On the other hand it is bullish that they closed them, right?
Even if we won't have such a sudden spike in price.
I'm afraid those shorts were a warranty against the price going down. Shorts are btc sold for usd with the hope of buying back when price goes down, so (i could be wrong as i lack experience there) in my understanding shorts = potential buy pressure on a downtrend.
Now that market went clear of those, with low slippage also, it could very well go down to squeeze longs without that added buy pressure.
Weren't these shorts a speculation of a falling price? So with them closing, they actually buy new BTC and you never buy before a price you personally see as bottom i'd think.
I'd treat this as bullish
9.
Post 8802984 (copy this link) (by kurb3l) (scraped on 2020-04-04_Sat_13.12h):
The big buy this morning on bitfinex didn't affect the price on huobi very much. While on bitstamp and bitfinex the price was rising, not much happened on huobi. Seems that without the support of the chinese we won't go up. It can sometimes be seen that the price bounces back if the other exchanges don't move. I think it's because of arbitrage trading?
10.
Post 8804270 (copy this link) (by kurb3l) (scraped on 2020-04-04_Sat_13.12h):
Hahaha what a guy... His enthousiasm made me think of
https://www.youtube.com/watch?v=4pXfHLUlZf4 :]
Seems we're about to break 480 on bitstamp. Would be great to reach and keep that level.
11.
Post 8880761 (copy this link) (by kurb3l) (scraped on 2020-04-04_Sat_13.14h):
wow, at the moment i'm pretty happy i went all back into fiat this morning. it has been a hell of a ride today. so i thought we had seen the bottom, but there's always a further way down. Since i went into BTC almost 3 months ago, i've been mainly seeing downwards. Each time you think "this is the bottom", it just goes lower. Feels good to have cut at least some losses (for now). And this thread keeps me entertained in these wild times. So, cheers to cheap coins :]
Warning - while you were typing 20 new replies have been posted. You may wish to review your post.
12.
Post 8884413 (copy this link) (by kurb3l) (scraped on 2020-04-04_Sat_13.14h):
So here we go again... hope i don't miss buying in
you know, cheap coins!
13.
Post 8884744 (copy this link) (by kurb3l) (scraped on 2020-04-04_Sat_13.14h):
so if someone spent a few mil and brought down whatever wall we are stuck at, that would lead to the moon?
only if others follow. and if someone is selling his coins, another party is always buying them. There needs to be a pressure so people are actually willing to give in on the asks.
14.
Post 8903939 (copy this link) (by kurb3l) (scraped on 2020-04-04_Sat_13.14h):
At least the price went up a bit today, nice opportunity to make some profit while finding the bottom
Has anyone calculated the mass of coins that were dumped in the past days? Sometime soon the dumpers hopefully run out of coins...
15.
Post 8927604 (copy this link) (by kurb3l) (scraped on 2020-04-04_Sat_13.15h):
A little dump just happened. Let's see for how long 398 will hold.
edit: first wall removed
16.
Post 9744052 (copy this link) (by kurb3l) (scraped on 2020-04-04_Sat_13.37h):
Wow, such journalism, much headline.
Fits the Speculation sub...
17.
Post 9744083 (copy this link) (by kurb3l) (scraped on 2020-04-04_Sat_13.37h):
No, difficulty does not correlate with the coins mined but the hashrate.
By doubling the hashrate you could mine more coins in a short period of time till it readjusts
18.
Post 10021897 (copy this link) (by kurb3l) (scraped on 2020-04-04_Sat_13.42h):
Did we see a so-called double bottom here?
The price went almost exactly to the local bottom reached on Dec 18th.
Or would a double bottom have to occur closer to this last local bottom?
