All posts made by ivyleague1985 in Bitcointalk.org's Wall Observer thread
1.
Post 10023301 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.42h):
the question is: who the fuck is dumping the market? we need a target! that's all what we want!
Several Chinese bearish traders who supposed to have $3-5 million assets each. They open private chat group and gathered as many stupid believers as possible to short the bitcoin. They usually attach during the night.
2.
Post 10027339 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.43h):
Can somebody share with all of us, at what price level does BTC becomes unprofitable for the miners and they start shutting off they rigs and BTC collapses completely? Is this even possible?
At current difficulty, on 20 nm process and 10 cents per kWh, I'd guess around 200, maybe a little less...
with free electricity around 0.1 dollars i guess
There is overhead such as rent labour cost of miners and upkeep.
The reality is that btc mining is not profitable if the network difficulty and price stay at its present rates.
I have updated the Hardware return vs buying bitcoin spreadsheet. The link is in my posted history if you want a copy.
I have a feeling that one reason for the low volume volitility may be due to coin-swap and associated fallout.
If it is not profitable, why don't miners unite each other and ration the supply? Miners behave like faithless dumpers that adds fuel to the fire. Unbelievable.
3.
Post 10027370 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.43h):
I usually wouldn't say this, but so no one makes a financial decision based on that -- BTC-China orderbook is fake. These fake buy/ask walls appear every time price drops or exceeds 2k. If 2k is approached, all those asks are gone, and 10k of bids appear.
On the other hand, China has a new short time low of 1800CNY. US still hasnt pushed for new lows below $275.
True, but that has been established in the trading community for some time now. Then again, most of the numbers presented from China are fake, I mean, we are dealing with China ffs..I lived there for a few years and have some knowledge of their culture. It's all about hustling, gambling and making a quick buck. Bitcoin is perfect for that type of scheme.
it's actually hilarious to watch the buying and selling at BTCCHINA, the order book bears no resemblance to the activity at all. Bobby Lee is not even trying to hide it, lol. Good for him.
Last time we had BTC China doing that we had nice rally from 330 to 390. 2k ask wall pushed the price 20$ below just before rally started.
Nice finding. So this drop may also be an artificial dump to accumulate cheap coins and then BTC China will start the real pump soon again.
4.
Post 10027557 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.43h):
No, not really. It's basically a feedback loop. unprofitable miners will turn off slowly and gradually the hashrate will follow the price, though there can be considerable lag.
hum hum ... ?
https://bitcoinwisdom.com/bitcoin/difficulty +15% since friday ...
POWAAAAADifficulty up, price down. GG!
GG = Good Game? Or what?
5.
Post 10027639 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.43h):
Can somebody share with all of us, at what price level does BTC becomes unprofitable for the miners and they start shutting off they rigs and BTC collapses completely? Is this even possible?
At current difficulty, on 20 nm process and 10 cents per kWh, I'd guess around 200, maybe a little less...
with free electricity around 0.1 dollars i guess
There is overhead such as rent labour cost of miners and upkeep.
The reality is that btc mining is not profitable if the network difficulty and price stay at its present rates.
I have updated the Hardware return vs buying bitcoin spreadsheet. The link is in my posted history if you want a copy.
I have a feeling that one reason for the low volume volitility may be due to coin-swap and associated fallout.
If it is not profitable, why don't miners unite each other and ration the supply? Miners behave like faithless dumpers that adds fuel to the fire. Unbelievable.
Probably because the mining equipment and electricity is not free and they need to make some money back from the capital investment?? I would guess this is part of it.
And even if equipment and electricity was FREE some miners would still be gambling that seeing the price drop they would want to sell some before it goes lower and their stash of btc becomes lower in value.
I see a huge wave of miner sales @ eBay coming. Crazy...the price makes me feeling sick
If the price drops like this, mining equipment will be worthless on eBay as well. And don't forget eBay charges a 10% final value fee that further rips miners off.
6.
Post 10030715 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.43h):
fuck i think i will regret it big to sell all my btc at $278
Of course you will, most traders cover and start go long from $280. They trade bi-directional. No one is permabear.
7.
Post 10030771 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.43h):
is it better to buy back now?
Wait for the big spike to confirm this bottom is the FINAL bottom before the BIG rally. I will PM you once we arrive there.
8.
Post 10046895 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.44h):
price is going somwhere between 100-200usd since solf of 18k btc will began
The thefts already sold the stolen coins. They aren't stupid nor slow hands. They sold when the price is over $300. Actually, the thefts triggered the recent crash.
9.
Post 10046928 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.44h):
NYC already approved it last year. We can now use bitcoin to pay parking tickets.
10.
Post 10061719 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.44h):
I heard bitcoin mentioned in cnbc and bloomberg tv many times this week. Good thing too.
11.
Post 10062131 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.44h):
I heard bitcoin mentioned in cnbc and bloomberg tv many times this week. Good thing too.
When mainstream media is pumping, imo that usually means insiders are looking to get out. For example, Fox News didn't become all about bitcoin until it was over $950, and we all know what happened soon after.
Main stream media is not pumping at all. They are bashing bitcoins in the program instead.
12.
Post 10064506 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.44h):
13.
Post 10064527 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.44h):
Before coinbase' offline, some bears swear that the dump will begin in 2-3 hours. It seems each time any exchange got any problem, bears will always know it ex ante. Are they almighty god or did they attack the exchanges on their own?
14.
Post 10064555 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.44h):
Could be jumping the gun here, but is Coinbase down?
http://i58.tinypic.com/o5uhbq.png EDIT: It now reads this: Coinbase is currently offline
No cached version is available.
The most likely causes:
The server is down for maintenance
There may be a network problem
The site may be experiencing excessive load
Retry for a live version of the site
We'll post updates on Twitter if the problem persists
Down here too
Ditto
15.
Post 10064590 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.44h):
It is highly likely that the same group hacked the bitstamp and DDOSed the coinbase. To manipulate the price and earn maximum profit, criminals can do anything such as trolling, stealing and hacking.
But the bottomline is: don't offend the national interests of the USA. If some terrorists hacked the nasdaq and NYSE, I assume that the US navy seals will hunt them to death.
Currently, bitcoin is a small cap market and Uncle Sam could't care less about it. But if one day it grows to more than $500 bn large, all the hackers will be sentenced just as terrorists.
16.
Post 10156023 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.48h):
Adam, time to change the poll, "<250 within 24hours" is pointless now.
Admin, why not create a poll like ">250 within 24hours"?
Let's see how high the bounce could be? And will this be THE bottom?
17.
Post 10156090 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.48h):
Okay, I have to admit...
...finally you posted a nice bottom.
But the legs are so so.
18.
Post 10156289 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.48h):
Will it bounce up or dig down?
19.
Post 10157479 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.48h):
Can you create a cartoon that mixes whale and bitstamp?
20.
Post 10158189 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.49h):
this smash down has to be stolen coins being dumped.
No, stamp is using bots to press down the price.
21.
Post 10159104 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.49h):
Too early to call reversal. Probably just short covering
Shorts rose to 26k, not covering yet.
Do you think the whale will slaughter the shorters this time, because the bear side is way too crowded?
22.
Post 10159122 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.49h):
Adam, time to change the poll, "<250 within 24hours" is pointless now.
Admin, why not create a poll like ">250 within 24hours"?
Let's see how high the bounce could be? And will this be THE bottom?
My voice is heard by the admin. Thanks, bro!
23.
Post 10159359 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.49h):
This train may slow down, but it don't stop!
Up more than $40 already from Stamp low today. Insane upward momentum. Bulls gonna stampede all over this.
No people will trust stamp any more. Their order book is properly fake to press the price down.
Shameful Slovenian.
24.
Post 10163919 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.49h):
short squeeze ! Tomorrow big news
What news do you know for tomorrow?
25.
Post 10163983 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.49h):
short squeeze ! Tomorrow big news
What news do you know for tomorrow?
last all week end
I think the guy who tweeted bitstamp's hack 24 hours earlier than the public also tweeted yesterday,
"Friday could be a nice day if you have a good stash of bitcoins".
I thought you knew what exactly this guy knew.
26.
Post 10163991 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.49h):
short squeeze ! Tomorrow big news
What news do you know for tomorrow?
and the guy who apparently "predicted" stamp's hack a few days or hours before
Adam Guerbuez
Thanks for the name, bro.
27.
Post 10164007 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.49h):
short squeeze ! Tomorrow big news
What news do you know for tomorrow?
and the guy who apparently "predicted" stamp's hack a few days or hours before
Adam Guerbuez
Thanks for the name, bro.
be aware of his reputation though
Notorious or fabulous?
28.
Post 10164038 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.49h):
I think the majority will be proved right again in the poll that we will be ">250 within 24 hours".
29.
Post 10164056 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.49h):
Dont be too excited yet guys, theres still a downtrend going on
Could be if waves of fake sell orders reappears. Could not be if this is THE bottom.
30.
Post 10164073 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.49h):
shorts are starting to cover it seems, 600 btc down - 25,5 k left
The problem with shorts is that the bear side is way too CROWDED. I don't think the bearwhale will be that generous to give every bear a free ride.
31.
Post 10164124 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.49h):
Dont be too excited yet guys, theres still a downtrend going on
Could be if waves of fake sell orders reappears. Could not be if this is THE bottom.
120 $ will do
Cmon we all want it to buy extra anyway
In the last rally from $270 to $4xx, I bought around $300. Once the direction has been chosen (in this case, we penetrate $230.), a trader should forget all past and try to follow the right direction.
We still have plenty of upward potential, if the direction has been set.
And the bottom yesterday may be THE bottom. Don't forget this point.
32.
Post 10164149 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.49h):
For some reason, I don't think its all over yet..
No, bears will counter-attack and create some dips to cover. But once the direction is set, all bears can do is to just lock in the profit and minimize losses (if any).
So follow the direction, guys.
33.
Post 10164288 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.49h):
Last chance for cheap coins.
Don't miss this opportunity.
Make a decision for once in your lives.
Buy people.
Not yet boy, we need to go a bit deeper still
If one wants to buy, he/she can buy on every dip that bears create.
34.
Post 10164693 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.49h):
Guys, I told you to "buy on dip". The push from $230 to $210 by bears could be deemed as a dip and is a very good buying opportunity.
35.
Post 10164995 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.49h):
Price going back up to 280ish in the next week or so.
Everyone who got in sub - 200, bravo!
Be greedy when others are fearful. Always right.
36.
Post 10165178 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.49h):
Price going back up to 280ish in the next week or so.
Everyone who got in sub - 200, bravo!
Be greedy when others are fearful. Always right.
Yup. People had so much fear during the summer of 2013, when the price dropped to 420 and stayed there for 3.5 months. But then it bounced to 680! Man, those greedy
investors bagholders sure are lucky they overcame their fear by buying and holding at 420.
Yes but from this $680 there was not even once we got up above only down.
When the short swaps are historical high, it serves as a reversal signal. Not to mention the double bottom, the super high volume at the bottom.
If this is not a bottom by TA definition, what is a bottom? Even if it is not THE FINAL BOTTOM, it could be deemed as a medium term bottom.
The panic selling has been released, the bottom was formed and the trend is up.
The rest, you go figure it out.
37.
Post 10165376 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.49h):
Whats your point then? Buying at 100$?
Margin sell now.
Ouch
did Huobi died?
Yeah, whats up with that?
Huobi has been DDOS attacked since Jan 11, 2015. It seems the DDOS is from the USA, so we may experience very slow response.
But some Chinese guys claim they can access it without a problem.
I guess their competitors like OKcoin, 796 did this attack.
Paid DDOS attack is very cheap nowadays. If you can afford several thousand, you can hire a group to do it for you.
38.
Post 10166024 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.49h):
Yes, this bottom looks like the October one and it is AT LEAST a medium term bottom.
39.
Post 10166089 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.49h):
Yes, this bottom looks like the October one and it is AT LEAST a medium term bottom.
Pull up bitcoinwisdom and look at finex or stamp on a longer timeframe chart (say 6 hours) and zoom out. Look at the volume! Now compare it with the bottom at 275.
The volume difference is due to the unclosed gap from $280. Once we fill that gap up, the green volume bar should be on par with the red volume bar just like the October bottom.
40.
Post 10166234 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.49h):
Yes, this bottom looks like the October one and it is AT LEAST a medium term bottom.
Pull up bitcoinwisdom and look at finex or stamp on a longer timeframe chart (say 6 hours) and zoom out. Look at the volume! Now compare it with the bottom at 275.
If your point is we had MORE buy volume on Oct. 4th at 275, then I agree with you. And look at where we are now. I don't see this as reversal.
A reversal is when you can go to a 30m, 1h, 2h, 4h, 6h, and 12h chart and all see the same thing: rising price on rising volume.
The volume is thin because many still didn't believe in the reversal yet. Volume will catch up once people confirmed it as a reversal.
41.
Post 10166259 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.49h):
Huobi is back online now.
Who promised panic selling would start again, because of Huobi?
42.
Post 10166307 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.49h):
This guy also post additional factors.
I think RSI lower than 30, Stochastic & Stochastic RSI lower than 20 are telling the same story that this bottom is the same as the October bottom.
43.
Post 10166444 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.49h):
Huobi is back online.
44.
Post 10166459 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.49h):
Yes, this bottom looks like the October one and it is AT LEAST a medium term bottom.
Pull up bitcoinwisdom and look at finex or stamp on a longer timeframe chart (say 6 hours) and zoom out. Look at the volume! Now compare it with the bottom at 275.
If your point is we had MORE buy volume on Oct. 4th at 275, then I agree with you. And look at where we are now. I don't see this as reversal.
A reversal is when you can go to a 30m, 1h, 2h, 4h, 6h, and 12h chart and all see the same thing: rising price on rising volume.
Its possibly a short term reversal. It'll go back down. Here is how $ 275 played out after. . broke down
http://i.imgur.com/J9Le6Vy.jpg?1Based on the October event, we may face a similar bear attack once we reach $250 in 24 hours.
45.
Post 10166706 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.49h):
Yes, this bottom looks like the October one and it is AT LEAST a medium term bottom.
Pull up bitcoinwisdom and look at finex or stamp on a longer timeframe chart (say 6 hours) and zoom out. Look at the volume! Now compare it with the bottom at 275.
If your point is we had MORE buy volume on Oct. 4th at 275, then I agree with you. And look at where we are now. I don't see this as reversal.
A reversal is when you can go to a 30m, 1h, 2h, 4h, 6h, and 12h chart and all see the same thing: rising price on rising volume.
Its possibly a short term reversal. It'll go back down. Here is how $ 275 played out after. . broke down
http://i.imgur.com/J9Le6Vy.jpg?1Based on the October event, we may face a similar bear attack once we reach $250 in 24 hours.
Think so too. But gut feel, it wont go as low as $ 166. The panic from a breakdown from $ 250 to sub $200 might be enough to buy up coins left from this bottom. Or maybe not.
Judging by the volume of the panic sale, I doubt very few cheap coins are still held by the weak hands.
46.
Post 10168718 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.49h):
Plot twist: Adam Gerbuez tweet was about Karpeles being the mastermind behind SR. SR coins taken by the feds are Gox coins.
Still, I don't see how this affects the price
He is just some dude with some insider info.
He was trying to pump the price before the crash lol
Too bad that most of the time news or insider info do NOT move price (not major moves anyway), it's an illusion.
I think it's serious big news..
When it is not big news, no one will take him seriously anymore..
He probably doesn't even know what's happening, hence the vague tweets. But there may be some news tomorrow - Bitcoin conference in Miami...
How come a meeting becomes so important? Must be something else I think.
47.
Post 10168800 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.49h):
Plot twist: Adam Gerbuez tweet was about Karpeles being the mastermind behind SR. SR coins taken by the feds are Gox coins.
Still, I don't see how this affects the price
He is just some dude with some insider info.
He was trying to pump the price before the crash lol
Too bad that most of the time news or insider info do NOT move price (not major moves anyway), it's an illusion.
I think it's serious big news..
When it is not big news, no one will take him seriously anymore..
He probably doesn't even know what's happening, hence the vague tweets. But there may be some news tomorrow - Bitcoin conference in Miami...
How come a meeting becomes so important? Must be something else I think.
Surprise announcement by winklevoss related to ETF?
I don't know. But I hope the big news happens during the time we are awake, rather than the time Chinese are awake.
In the first case, we can earn the first bite of the profit.
48.
Post 10169399 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.49h):
why do i think of Keyser Soze?
that adam guy implied that he knows who dumped the 50k
did karpeles dump them as a big "fuck you" wave goodbye?
fuck...twitter is down
Could be the case. FBI, CIA and all other country's special forces should put a manhunt on Karpeles!
If anyone see this fuck on street, dial 911 immediately.
I wish him an ending just like Bin Laden.
49.
Post 10169431 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.49h):
Willy bot's story was bad...that one is terrible. Most bearish thing I've read lately. Disturbingly plausible but still highly suspicious that it gets "revealed" precisely today. Great FuD event anyhow. BTC never disappoint.
The story of Mt. Gox and Silkroad is more and more like a drama. I believe it will attract eyeballs for bitcoin.
Maybe Hollywood wants to shoot a movie about this, which further promote the public awareness of bitcoin.
Name: "The Wolf of the Silkroad"?
50.
Post 10169466 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.49h):
oh boy, is this good or bad news?
Good news. Bitcoin will not only appears in IT news and business news, but will also appears in entertainment news.
51.
Post 10169654 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.50h):
Mark could have used Mt. Gox to money laundry the dirty cash for the Silk Road. It think it is more plausible than the pumping theory.
He could do pumping by a bot, why bother by using real fiat from the Silk Road?
52.
Post 10169923 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.50h):
is anyone paying attention to the macroeconomic picture? The Swiss National Bank shocked world markets by removing it's peg to the Euro, causing it's value to skyrocket. Two systemic Greek banks are using an emergency liquidity tool at the ECB to try and prevent a bank run. Oil Tanked and Gold spiked. This is 2008 all over again only worse this time.
How this will affect Bitcoin is anyone's guess, but I'm starting to think even my 2.5% margin long was way too premature.
Bank runs mean extreme DEFLATION of national currencies until the central banks ramp up the printing presses, start accepting used toilet paper as collateral and various other forms of counterfeiting.
Wealth is going to evaporate, credit is going to dry up and markets are going to crash with the exception of the safest government bonds (U.S., Swiss and maybe a few others).
I've warned many times for everyone to get their coins (and even fiat) off the exchanges if you aren't going to trade, but now I am saying it may soon be time to get your fiat out of the banks.
I warned the same thing several days ago, telling them how a debt crisis could occur in Russian, Greece and spill over to the Euro zone. But I only received bashing.
Someone even registered a new account to bash me in red ink.
Another financial crisis is due in 1-2 months.
See the decline of oil price, see the decline of stock index, see the depleting of foreign reserves, see the turmoil in the foreign exchange market, etc...
53.
Post 10178488 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.50h):
So WTF was the man in twitter talking about??? Nothing happened....yet
yeah whatsup with the fat Adam guy, anyone has news? Must be Miami conference related, right?
Why not just tweet the news yesterday? Probably because there is none.
Pay attention.
http://dailyhashrate.com/2015/01/16/adam-guerbuezs-big-news/Lyft or Uber would announce Bitcoin support?
Making sense to me, coz these two are competing fiercely. Using bitcoin to do a free marketing is definitely a no-brainer for any one of them.
54.
Post 10178536 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.50h):
So WTF was the man in twitter talking about??? Nothing happened....yet
yeah whatsup with the fat Adam guy, anyone has news? Must be Miami conference related, right?
Why not just tweet the news yesterday? Probably because there is none.
Pay attention.
http://dailyhashrate.com/2015/01/16/adam-guerbuezs-big-news/Lyft or Uber would announce Bitcoin support?
Making sense to me, coz these two are competing fiercely. Using bitcoin to do a free marketing is definitely no-brainer for any one of them.
If that is the case then it makes zero difference to the immediate future of anything other than a PR blip for them.
Not necessarily. The transaction fee from credit company is not a small cut for those two. Considering their thin profit sharing % from the drivers, it would be ideal for them to avoid the credit card fee.
I see some cost saving economies from this potential rumor.
55.
Post 10179551 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.50h):
What's the most bullish thing imaginable? I would like some brainstorming please.
miami leaks show that the manbearwhale is the winkle etf and is indeed accumulating big time for all the secret investors. the bulls manage to push the price back in the high 200$ area which will create the biggest trendreversal hammer known to mankind. manbearwhale soon aka willi2.0 has finally accumulated enough and is now pumping with his remaining profits causing a lot of panic buying, an epic short squeeze and 2000 more pages of rocket and train pix n stuff.
A good conspiracy theory. The evil wall street always accumulates during panic sale.
We see this in 2008 lehman crisis, in 2011 euro debt crisis, etc.
And they won't tell you until they have done the shopping.
Massive wealth creation of the wall street always follows massive wealth destruction of the others.
56.
Post 10180759 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.50h):
I think most 1k bitcoin + holders don't see new lows possible any more, and a short sell very dangerous (if they've held before 2014)
This'll be a big fight either way, don't expect new lows, or even below 200 for very long without huge volumes.
Anybody with a margin short right now must be crazy.
What is "bullburn"?
Btw. Bulls are Bulls because they are bulls. And if you are ba true bull you will stay as a bull forever.
Those short sells must be burning too right?
To shake out people who bought between $160-$200, bears at least need to dump to $150 to trigger stop losses and further dump to below $100 to trigger some additional panic sale.
But, does the benefits of dumping overweights the costs of dumping at this point?
And how much bitcoins can bears borrow now to dump?
And don't forget the whale, it would definitely squeeze the shorts, if such move brings more profit. Unless the whale is ideological against bitcoin without any consideration of profit.
57.
Post 10224468 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.51h):
Tell us again how in your view Vikram Pandit is stupid and ill-informed.
How many bitcoins did he buy?
I have no way of knowing that but I am quite certain he did not invest in Coinbase while expecting BTC to tank.
Indeed, it is puzzling why Coinbase, of all bitcon companies, is getting so much investment. Perhaps it is going to be more than just a bitcoin payment processor?
By the way, tell us again how in your view Warren Buffett is stupid and ill-informed.
Also by the way: I still would not dare to guess what will happen to the price of bitcoin in the medium term. There may be another market opening, or there may not be. How would I know?
Warren is wrong about many investment. Check his favorite stocks like Tesco, IBM and Coca Cola.
He was right to buy out the insurance company years ago, because the premium collected was not actuarial fair to the insurers. And using insurance premium to invest high yield stocks is paying back handsomely in those early days.
BTW, richest Chinese billionaire Lee Ka Shing invested real money into Bitcoin companies, why no one mentioned this?
It seems our forum is totally controlled by bears. And they brainwash us with selected and biased info only.
Some Chinese tweets reveal that not only exchanges are doing insider trading, but they are also hiring writers to post all sorts or bashing and trolling articles to manipulate the price.
For example: I don't think notlampchop is searching and posting those Chinese posters in the cultural revolution era for free. He may be one part of the manipulation. Just my 2 cents.
58.
Post 10224529 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.51h):
Tell us again how in your view Vikram Pandit is stupid and ill-informed.
How many bitcoins did he buy?
I have no way of knowing that but I am quite certain he did not invest in Coinbase while expecting BTC to tank.
Indeed, it is puzzling why Coinbase, of all bitcon companies, is getting so much investment. Perhaps it is going to be more than just a bitcoin payment processor?
By the way, tell us again how in your view Warren Buffett is stupid and ill-informed.
Also by the way: I still would not dare to guess what will happen to the price of bitcoin in the medium term. There may be another market opening, or there may not be. How would I know?
They are trying to do a USD wallet app to compete w PayPal, Google wallet, apple pay. Their business model doesn't rely on solely Bitcoins price
There is association indeed.
Price is related with confidence and faith. Confidence and faith will impact acceptance. Acceptance will affect the number of wallets opened at coinbase. There is a well connected chain between price and the success of coinbase.
59.
Post 10224721 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.51h):
Tell us again how in your view Vikram Pandit is stupid and ill-informed.
How many bitcoins did he buy?
I have no way of knowing that but I am quite certain he did not invest in Coinbase while expecting BTC to tank.
Indeed, it is puzzling why Coinbase, of all bitcon companies, is getting so much investment. Perhaps it is going to be more than just a bitcoin payment processor?
By the way, tell us again how in your view Warren Buffett is stupid and ill-informed.
Also by the way: I still would not dare to guess what will happen to the price of bitcoin in the medium term. There may be another market opening, or there may not be. How would I know?
They are trying to do a USD wallet app to compete w PayPal, Google wallet, apple pay. Their business model doesn't rely on solely Bitcoins price
There is association indeed.
Price is related with confidence and faith. Confidence and faith will impact acceptance. Acceptance will affect the number of wallets opened at coinbase. There is a well connected chain between price and the success of coinbase.
Not if they can get their USD wallet out there. Their business model takes fees on transactions. They only lose money if they hold Bitcoin while the price drops. Whether they can get user traction is another story
USD wallet is NOT a selling point but a safety hedge for coinbase.
60.
Post 10229771 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.51h):
better to buy back my bitcoins?
will we go up soon?
You will get yourself hurt by asking question like this.
Many people will try to give you bold answers without any analysis. And many posters are hired by the whales to brainwash newbies like you.
Newbies should start his/her journey by reading reliable posts from reliable members. You should define your circle of trust on this forum.
61.
Post 10229892 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.51h):
If you want my opinion, to me there's no doubt that for anyone who doesn't use margin or stop loss orders on Bitfinex, he will be fine and won't suffer from any possible inside trading because Bitfinex doesn't exist in a vacuum and follows other exchanges.
I don't want any witch hunts and I will delete any sensitive info should anyone dox him. I've no interest in making it about one person, rather I wish to make it about the whole Bitcoin exchange "industry".
Exactly, the industry needs more self-esteem to avoid such things from happening. We heard all sorts of rumors, articles about Chinese exchanges doing the insider trading. It is almost an open secret to everyone.
Many show evidences that Chinese exchange owners "got rich quick" by insider trading. Indeed, the "zero fee" policy doesn't reduce their profits, but increase it. Why? Because more accounts are opened, and more valuable information are collected to facilitate their own trading schemes.
The really bad thing about Mt. Gox is that MK and willy bot set a bad idol for all the other exchanges that they will mimic this strategy without little to zero shame. The only difference is that Willy bot pumps but Chinese bots dump.
62.
Post 10256794 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.52h):
A pull back to $sub-240 is not only plausible but also healthy. I think we will test $240 today.
63.
Post 10257016 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.52h):
I see 300 USD by the end of the coming week.
Depends on the news and the associated newly incoming fiat. Given this un-usual "UP" weekend, I think the chance of seeing $300 by the end of next week is high.
64.
Post 10257047 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.52h):
A pull back to $sub-240 is not only plausible but also healthy. I think we will test $240 today.
Sorry but there is nothing healthy in falling price, especially in bitcoin world where price is vital for its expansion. Only healthy thing would be stable growth, not volatile prices like now but ofcourse that would be not fun so nobody is interested (except people who are actually doing something useful for bitcoin economy).
The reason a mild pullback is healthy, because we are gapping up all the way from $23x to $259. We need at least two sizable pull backs to release the bearish steam. After that, the price will have less pressure to climb higher.
The pullback from $259 to $245 is the first attempt by the bears, and an equivalent second attempt (forming now) will potentially drag us from around $250 to $235-240. Once both attempts failed, bears will give up the $240-250 territory and we will go up much easier.
65.
Post 10261798 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.53h):
Buy the dip, I guess we will see $320 tonight.
Admin, maybe we should change the poll to "will we see sub $300 coins" on Monday or on Tuesday?
The sentiment is changing rapidly.
66.
Post 10261827 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.53h):
67.
Post 10262000 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.53h):
Will see $300 in minutes, if not in seconds.
68.
Post 10262047 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.53h):
Wow, wouldn't be surprised if we hit $300s tonight, I thought for sure there'd be a retrace down to $260-270 or so but looks increasingly less likely now.
I was also waiting for sizable pull backs, but bears were not collaborating. $300 is highly likely tonight.
Today, we just have some early birds that are front running the majority of traders and investors.
Tomorrow, I am afraid new fiat money pouring from the banking system will join into the MOON race.
69.
Post 10262230 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.53h):
Why are we dumping???
Simple.
Some people may want to take profits.
Or some computer algorithm (or HF traders) thinks it is worthy "selling high and buying low" in a very small time interval since we will have enough volatility (or swing) to support it.
70.
Post 10266604 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.53h):
Good time to add some long.
71.
Post 10266935 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.53h):
I sold before when it was $306 and bought at $282. Knew they dump on news :/
Lol, did the same, with slightly worse numbers though
I also thought it was a bear trap.
The huge volume over the weekend already washed out almost all cheap coins bought under $200. Don't think there are still tons of profit taking coins to be sold.
72.
Post 10267766 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.53h):
This week will be fruitful to all bitcoin traders.
We will pull back a bit to $266 (a major support level seen before) to digest the sharp growth yesterday. And then we will stand firmly above $300 in the mid-week. We will finally touch $350 by the end of the week.
The waves we saw so far are impulsive than corrective. If you do wave counting, you will see it is far away from the ending phase. So buy on the dip and ride the winner.
BTW, don't touch litecoin, coz it is dying and it is just taking a free ride from bitcoin. Bitcoin is at the edge of mainstream acceptance, and it will enjoy this huge first comer advantage and wipe out the alt coins.
73.
Post 10267836 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.53h):
If it hits below 249 I'm buying back in where I sold off
Curse my weak hands crypto gods i won't be shaken again
forgive me
Not only you sold, many coins purchased at sub $200 prices were switched hands over the past two days.
Now the average holding cost moved up from around $200 (last week) to around $250 (this week).
74.
Post 10268040 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.53h):
No offence to you, trolls. But the downward trend line has been broken with huge volume as a confirmation.
If one doesn't buy dip after trend reversal and break out, he/she must be nuts.
To trigger stop losses on the long side, you need hit key support levels like $266, $250 heavily.
And I don't think those big whales who placed gigantic buy orders around $250 are OUT OF AMMOS now.
If you want to feed cheap coins to the whales, please do so. They may appreciate your help and send you a card.
75.
Post 10268235 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.53h):
More and more wall street money will hit the ground and rush into cryptocoins.
http://blogs.wsj.com/venturecapital/2015/01/26/digital-payments-company-ripple-labs-finalizing-30-million-funding-round/Ripple Labs Inc., the developer of a bitcoin-like technology that enables institutions to transfer money internationally, is closing in on a $30 million funding round, Venture Capital Dispatch has learned.
A spokesman for the company, formerly called OpenCoin, confirmed it is working on a new financing but declined to provide details.
A person familiar with the situation said the deal places the post-money valuation of the San Francisco startup at about $100 million.
Investors in the Series A round will include Andreessen Horowitz, Google Ventures, IDG Capital Partners and other existing investors, the person said. Ripple previously raised more than $3.5 million from a number of backers including Bitcoin Opportunity Fund, Camp One Ventures, Core Innovation Capital, FF Angel, Lightspeed Venture Partners, Vast Ventures and Venture51.
Ripple has created a decentralized payments network that helps validate transactions using a digital currency technology similar to bitcoin. The goal is to reduce the cost and time it takes to make cross-border payments in various currencies. The company is targeting use by banks and remittance providers, rather than consumers.
The company signed on two American banks, Cross River Bank and CBW Bank, last year, as well as Fidor Bankin Germany, to use the Ripple network to enable customers to instantly send money internationally. The network allows smaller banks to avoid the use of large intermediate banks that take fees on such transactions.
Ripple is tapping into the promise of the distributed verification systems that underlie digital currencies such as bitcoin and Ripple’s digital coin. These systems can help speed up and reduce the cost of financial transactions, as well as a variety of other transactions. Venture investors are increasingly talking about the value of this type of distributed ledger system as a basis for all kinds of applications, not just currency.
Though bitcoin itself has many potential uses, including as a system for improving the efficiency of payments and financial infrastructure, speculation has resulted in swings in its price. The volatility of that digital currency has kept some venture investors on the sidelines, even as others have plunged in.
The largest venture investment in a bitcoin company took place recently, when investors put $75 million into Coinbase Inc. Bitcoin-based startups have attracted roughly $439 million in venture capital in recent years, according to bitcoin-market tracker Coindesk.
Gonna be huge, and bullish as fuck. Amirite, guys?
76.
Post 10268483 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.53h):
Know when it's starting up? I doubt I'll get CB on it right away but starting to gather the data should be straightforward enough.
Good job Richy.
Thanks for the API. Will look into it and merge it with my own algorithms.
Two months of fee-free HFT on coinbase will create a fortune for many of you.
77.
Post 10269137 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.53h):
78.
Post 10269219 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.53h):
This week will be fruitful to all bitcoin traders.
We will pull back a bit to $266 (a major support level seen before) to digest the sharp growth yesterday. And then we will stand firmly above $300 in the mid-week. We will finally touch $350 by the end of the week.
The waves we saw so far are impulsive than corrective. If you do wave counting, you will see it is far away from the ending phase. So buy on the dip and ride the winner.
BTW, don't touch litecoin, coz it is dying and it is just taking a free ride from bitcoin. Bitcoin is at the edge of mainstream acceptance, and it will enjoy this huge first comer advantage and wipe out the alt coins.
Told you that $266 is a major support. Entry point around $266 will be very nice for breakout believers.
79.
Post 10269299 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.53h):
This week will be fruitful to all bitcoin traders.
We will pull back a bit to $266 (a major support level seen before) to digest the sharp growth yesterday. And then we will stand firmly above $300 in the mid-week. We will finally touch $350 by the end of the week.
The waves we saw so far are impulsive than corrective. If you do wave counting, you will see it is far away from the ending phase. So buy on the dip and ride the winner.
BTW, don't touch litecoin, coz it is dying and it is just taking a free ride from bitcoin. Bitcoin is at the edge of mainstream acceptance, and it will enjoy this huge first comer advantage and wipe out the alt coins.
Told you that $266 is a major support. Entry point around $266 will be very nice for breakout believers.
There's less that 2K worth of bids down to $266. You're dreaming if you think it will hold. The only buyers right now are people taking profits on their shorts. Those traders won't get back in until there is upward momentum.
You think a good algorithm or trader will put limit buy orders hanging on the exchange and wait for you to detect their bottom-line willing-to-buy price?
80.
Post 10269353 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.53h):
Is $266 going to break today?
yes: I
no:
$260 will be broken, free drop to sub $100 in days
The surge of bears upon dips is a good healthy indicator to the bull rally.
81.
Post 10269376 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.53h):
Is $266 going to break today?
yes: I
no:
$260 will be broken, free drop to sub $100 in daysCan we make bet on this?
Trolls will never honor any bet they made with you. They will simply disappear and register new account instead.
82.
Post 10271027 (copy this link) (by ivyleague1985) (scraped on 2020-04-04_Sat_13.53h):
The pump was lasting long. Dump will last too.
I think you missed the chance to get some cheap coins last week. If the whale backs off the train to $200-$240 and takes everyone on broad, he would be too kind and too generous to be called as a WHALE.
