All posts made by Bitcopia in Bitcointalk.org's Wall Observer thread
1.
Post 3385594 (copy this link) (by Bitcopia) (scraped on 2020-04-04_Sat_11.18h):
Sold half of my coins off into the SR panic, glad I came to terms with my loss and bought back in at $150(Gox). This thing is getting ready for take off.
2.
Post 3385655 (copy this link) (by Bitcopia) (scraped on 2020-04-04_Sat_11.18h):
What are ppls plans on when to sell at the exchanges? I was thinking sell
Some off at 197. But it went to 194 at bit stamp and back
Down.
Now is probably not a good time to sell, so long as history repeats itself. We've had much stronger rallies on much less news and much smaller global reach.
3.
Post 3385712 (copy this link) (by Bitcopia) (scraped on 2020-04-04_Sat_11.18h):
Sold half of my coins off into the SR panic, glad I came to terms with my loss and bought back in at $150(Gox). This thing is getting ready for take off.
At what price did you sell when SR went to shit?
Let's just say I took about an 8% loss on my total holdings of BTC
4.
Post 3385776 (copy this link) (by Bitcopia) (scraped on 2020-04-04_Sat_11.18h):
this is no good.... at all... WAY WAY too fast going up.
It would be nice for the chart to just consolidate around this level for a few weeks. But we as already know, Bitcoin does what it wants...and there will be a new wave of press coverage in the next 48hs which could add more fuel to the fire.
It seemed impossible just a few weeks ago, but 266 is now relatively close and a likely target, my guess is that more meaningful resistance (from scared Westerners) will come in as we approach that number.
This would seem rational, but if you look at every previous bubble, it inflates well beyond its predecessor.
EDIT: And crashed to a much higher point. $500 crash to $350 isn't unrealistic...
5.
Post 3385938 (copy this link) (by Bitcopia) (scraped on 2020-04-04_Sat_11.18h):
Looks like I'm staying up all night to watch this... Damn it just hurry up and put in a huge bid will at $200 so I can go to sleep!
6.
Post 3405644 (copy this link) (by Bitcopia) (scraped on 2020-04-04_Sat_11.18h):
Lost a lot of money by holding, but this crash feels great.....
Man,can't believe 200 is considered a crash nowadays lol.
+1 next year $500 will be considered a crash.
7.
Post 3631628 (copy this link) (by Bitcopia) (scraped on 2020-04-04_Sat_11.25h):
5948.99 Y
chinese are really into getting to 6000Y
Wish they'd hurry up, I need to see history made one more time today before bed
Haha I'm not the only one. 6092 Yuan and then bed.
Only 378 BTC to go!!
8.
Post 6213099 (copy this link) (by Bitcopia) (scraped on 2020-04-04_Sat_12.37h):
It is starting to look more and more like $500 may become the new base price for Bitcoin, not $1000 as many had hoped. Does anyone have a link to that Meryll Lynch report where they assessed it's value at $1300 a little while ago?
This was the original link:
https://s3.amazonaws.com/s3.documentcloud.org/documents/885843/banks-research-report-on-bitcoin.pdfHowever, the document has been pulled for some reason...
9.
Post 6877475 (copy this link) (by Bitcopia) (scraped on 2020-04-04_Sat_12.46h):
It's so odd how many of you waited for the price to reach 500 or so to buy back in.
I'm sure there are many others (like me) waiting for more of a confirmation before fully unleashing all our fiat
Yup. I'm waiting for a third daily candle to close above the 5 month downward trend line, although I'm almost 100% sure it will close above the trend line. Will start my calculated buying process on the 4th daily.
I'm only waiting because I told myself I would, and breaking your trading plan is almost always a bad decision.
10.
Post 6960786 (copy this link) (by Bitcopia) (scraped on 2020-04-04_Sat_12.47h):
We can do this!...what if we can't do this?
Then we'll have a healthy correction down to $550 or so and take a little breather before continuing a more steady and reasonable pace.
In the past, bitcoin has never broken from a down trend and immediately gone straight into mega- rally mode. There is still too much uncertainty. Just be patient. We're still going up, but it's actually good for us to slow down a bit for the moment.
11.
Post 6962432 (copy this link) (by Bitcopia) (scraped on 2020-04-04_Sat_12.47h):
what happened when bitcoin forked?
man, that was crazy times.
you ask that to a bitcoiner, and anyone who was in the game at that time will remember where they were and what they were doing.it's like louis armstrong on the moon or JFK assassination.
personally, I found out about an hour late, and I was just glued to these forums. I read all the pastes from the IRC chat, and the discussion threads they spawned, and after 4 or 5 hours, it was pretty much over. it was kinda cool how quickly consensus was reached.the motives protecting bitcoin are so simple and so strong, smart contracts and bitcoin-denominated assets and all that is just a side show.
Bitcoin should just stick to being money, and just get rid of everything else.
Money is what moves this world, after all.
"March 11 orphan blocks were slow. Doubters panicked, let their bitcoins go. I took my chances.... Now I'm just holding for the looongest time!"
https://www.youtube.com/watch?v=NG1qooBzE2wI remember watching the market go crazy and before I had time to make a rational/ non-emotional decision, it had worked itself out. It was on par with the SR crash. The hardfork showed the resiliency of the community. The SR crash gave credibility to the currency.
12.
Post 6962843 (copy this link) (by Bitcopia) (scraped on 2020-04-04_Sat_12.47h):
For all this "we are overbought and must pullback" talk, the truth is that we are consolidating at highs. Historically this is bullish about 95% of the time.
Breaking 600 is a huge psychological deal, so the fact that we are consolidating at 585, just as we did at 495, is no surprise.
One thing we should all remember, is that when the bitcoin trend is up, it is VERY easy to underestimate how far it can go, and how little "overbought" really means in a bull trend.
This is a good point. However, for a rally to start and
continue at this pace fresh out of a 5 month down trend would be new.
13.
Post 6963327 (copy this link) (by Bitcopia) (scraped on 2020-04-04_Sat_12.47h):
And the gates are open!
14.
Post 6963459 (copy this link) (by Bitcopia) (scraped on 2020-04-04_Sat_12.47h):
Did that wall at 591 get eaten or pulled? I missed it...
EDIT: Nevermind, it obviously got eaten... volume at 2k for the hour.
15.
Post 6983358 (copy this link) (by Bitcopia) (scraped on 2020-04-04_Sat_12.47h):
Huge surge in thread pages -- next stop 7000
I think we are going to hit an thread page count ATH in the next 3 days ...very bullish on thread page count
Maybe we'll achieve thread page parity this summer
16.
Post 6995746 (copy this link) (by Bitcopia) (scraped on 2020-04-04_Sat_12.48h):
Jesus fucking christ I'd rather read about China banning bitcoin and be inundated with bear fud than read 5 pages all about our resident academic.
Can we move on... Please ?!
While I agree
Jorge with you in
Jorge Stolfi principle, it is
Jorge Jorge Jorge important to reme
Jorge Stolfimber that we are morally obliged to JORGE JORGE JORGE
Why is Jorge even here? If he has purely academic interest in Bitcoin with no actual bitcoin holdings, then WTF is he doing posting the speculation sub-forum of bitcointalk.org?
Nobody posts anything even remotely academic here, including the self-proclaimed professor.
17.
Post 6999387 (copy this link) (by Bitcopia) (scraped on 2020-04-04_Sat_12.48h):
Imagine a room full of people, not a big room (a large garage maybe) and they and cooperating to build something.
I don't think that is a good analogy for this thread...
Rather, a bar where a couple hundred random football fans are watching a game on TV and betting on it?
Maybe you're right, but don't forget to add the old guy in the corner saying "This 'football' thing will never catch on, you know"
I was trying to think of how Jorge fits into his own analogy. This is perfect!
18.
Post 7039386 (copy this link) (by Bitcopia) (scraped on 2020-04-04_Sat_12.48h):
19.
Post 7040822 (copy this link) (by Bitcopia) (scraped on 2020-04-04_Sat_12.48h):
How you like my wall?
If I had 2147 BTC I'd call your bluff!
EDIT: Now 1640 BTC.
20.
Post 7091926 (copy this link) (by Bitcopia) (scraped on 2020-04-04_Sat_12.49h):
.....It is, in my opinion, absurd to think that there will not be an order of magnitude shift after ETPs list, barring some extreme, but low probability, hazard.
What is ETPs list?
21.
Post 7092087 (copy this link) (by Bitcopia) (scraped on 2020-04-04_Sat_12.49h):
Was there a confirmation that bitcoin will be listed with ETPs somewhere? I thought this was still pending approval from the SEC...
22.
Post 7150798 (copy this link) (by Bitcopia) (scraped on 2020-04-04_Sat_12.51h):
...I sure hope that wall at $660 gets eaten so that manipulator can go cry
Just Eat It, Eat It,
No One Wants To Be Defeated
Showin' How Funky Strong Is Your Fight
It Doesn't Matter Who's Wrong Or Right
Just Eat It, Eat It
23.
Post 7243619 (copy this link) (by Bitcopia) (scraped on 2020-04-04_Sat_12.51h):
BTC-E is higher than stamp!
Yeah WTF is going on?!?
24.
Post 7243627 (copy this link) (by Bitcopia) (scraped on 2020-04-04_Sat_12.51h):
BTC-E is higher than stamp!
Good time to buy if you're using stamp....
25.
Post 7243664 (copy this link) (by Bitcopia) (scraped on 2020-04-04_Sat_12.51h):
BTC-E is higher than stamp!
Meanwhile, China doesn't give a damn pushing on $660.
26.
Post 7243911 (copy this link) (by Bitcopia) (scraped on 2020-04-04_Sat_12.51h):
And down Huobi goes :/
Something is very... wrong.
Um, Huobi is 40 CNY higher than yesterday.
PANIC!!!!!!!
27.
Post 7243965 (copy this link) (by Bitcopia) (scraped on 2020-04-04_Sat_12.51h):
Im commenting on that something seems off at Bitstamp...
3d Bitstamp ->2%, Bfx -<1%, Huobi -<0.5%
Every time the other exchanges rally, there is nothing going on at Bitstamp.. which results in this.
It is new that Bitstamp is below Huobi and about the same as btc-e. If it continues to stay significantly below other exchanges, then I will start to worry, but this is probably just somebody dumping a large stash on Bitstamp.
28.
Post 7259675 (copy this link) (by Bitcopia) (scraped on 2020-04-04_Sat_12.52h):
Early signs of other exchanges ignoring and becoming disconnected from stamp as they know that there is irrationality (read: inside trading) going on.
I've been seeing a lot of posts recently claiming that Stamp is going the way of Gox, etc. What is the basis for this claim? Just because the Stamp price is $10 lower than other major exchanges, or is there actually some real evidence to suggest that there's corruption or other problems going on at Stamp?
It's FUD. Pantera / Fortress has $10MM invested in Bitstamp. Pantera has a hedge fund with almost $100MM invested in BTC between 45 individuals. They aren't going to allow Bitstamp to ruin that. CALM DOWN.
http://theblogchain.com/news/pantera-bitcoin-bitstamp/
29.
Post 7259709 (copy this link) (by Bitcopia) (scraped on 2020-04-04_Sat_12.52h):
just switched to btce from stamp.
Trust the unknown exchange instead of the one backed by a well known venture firm with more than $100MM invested in BTC and Bitstamp. Good choice.
30.
Post 7259819 (copy this link) (by Bitcopia) (scraped on 2020-04-04_Sat_12.52h):
just switched to btce from stamp.
Trust the unknown exchange instead of the one backed by a well known venture firm with more than $100MM invested in BTC and Bitstamp. Good choice.
With MtGox we had Roger Ver the bitcoin gazillionaire vouching for his friend Karpeles right before the fall...
Roger Ver isn't a hedge fund. I doubt his due diligence was anywhere close to comprehensive.
31.
Post 7259890 (copy this link) (by Bitcopia) (scraped on 2020-04-04_Sat_12.52h):
can anyone give me a reason why someone is dumping such an amount on bitstamp?
I simply donīt get it. To me it seems like burning money.
Two possible reasons:
- manipulation - someone wants price to go down (how succesfull will be seen after he will buy back);
- something is wrong - means someone knows something.Maybe they just heard about the possibility of a 51% attack for the first time
32.
Post 7260033 (copy this link) (by Bitcopia) (scraped on 2020-04-04_Sat_12.52h):
just switched to btce from stamp.
and you trust those anonymous russians operating from bulagria more than known people?
Known people including Pantera hedge fund.
Also, if Bitstamp was having problems, would you sell you BTC for fiat that is much more difficult to withdraw? No. Price discrepancy should be to the upside if people are panicking to get their money out.
33.
Post 7260063 (copy this link) (by Bitcopia) (scraped on 2020-04-04_Sat_12.52h):
Yeah Bitfinex might be a better choice than BTC-E, a very legit operation.
But for the time being I think anything is better than stamp.
The bitstamp/bitfinex spread is getting huge. Very strange.
FFS!!
I'll try to answer here: we used to include Bitstamp orderbook into our own orderbook for liquidity purpose. In other words, we were arbitraging between our own platform and Bitstamp. However as we continue to grow we decided to slowly (and I insist on "slowly" withdraw this arbitraging program to let people do the arbitraging themselves. This is why you started to see a difference between the price on our platform and Bitstamp, as arbitraging for third parties is interesting only after a certain threshold (around 1% like now is not a very good opportunities). http://www.reddit.com/r/BitcoinMarkets/comments/27vq6b/why_the_large_difference_between_bitstamp_and/ci533wgDude, we have seen that lol
The point is that this explanation doesn't account for the magnitude of the spread and the sporadical dumps that other exchanges don't follow as closely like they used to (they do that with a delay), like derpinheimer pointed out.
I know that people have invested in Bitstamp, that it has been around blah blah, the point is that the signs are there, like they were there with gox.
Considering you could lose a fortune for now just GTFO and run for your life until the situation gets clearer.If you don't trust other exchanges and you don't wanna sell just put it in cold storage FFS!
Ok, so if you want to get out of Stamp, are you going to dump your coins to get fiat that is considerably more difficult to withdraw? No.
34.
Post 7260209 (copy this link) (by Bitcopia) (scraped on 2020-04-04_Sat_12.52h):
For the millionth time guys, I personally think that a "stamping" is an IMPROBABLE scenario, I'm not trying to spread FUD, I'm just trying to convince people to play safe and not risk to lose a fortune for no reason other than laziness.
Ok that makes sense. But that goes for all third party wallets. I have coins that I'm going to leave on stamp, but it's less than 10% of my coins that I use for short term trading. If you have a large portion of your coins on any third party wallet, you're taking a huge risk.
35.
Post 7406776 (copy this link) (by Bitcopia) (scraped on 2020-04-04_Sat_12.54h):
i'm thinking FBI coins about 10% above market value.
whales can't accumulate bitcoins on the exchanges without a substantial price movement. 10% above market could be a bargain.
most bidders will put at 110%, but those who will win the auction will bid at 120% or more if they really want to win
I don't think anybody is going to pay a 20% premium on those coins. Even if you were so simple as to move that money into Bitstamp to buy your coins, you could buy 3,000 coins with slippage only going to less than $645. That's about a 7% premium IF you assumed all of the coins were bought at $645, but realistically, it would probably average out to about a 3.5% premium. You then have the added benefit of contributing to a bull market. I wouldn't be surprised to see them go for 100%, but much more than that is probably unrealistic.
36.
Post 7406799 (copy this link) (by Bitcopia) (scraped on 2020-04-04_Sat_12.54h):
In more recent happenings, does anyone else notice Huobi not giving a damn about that dump?
37.
Post 7406826 (copy this link) (by Bitcopia) (scraped on 2020-04-04_Sat_12.54h):
In more recent happenings, does anyone else notice Huobi not giving a damn about that dump?
you must be using bitcoinwisdom
Yep, what's up with btcwisdom? Broken?
EDIT: Yep. That explains a lot.
38.
Post 8869163 (copy this link) (by Bitcopia) (scraped on 2020-04-04_Sat_13.13h):
The hash rate blows my mind at 275,000,000 GH/s. Litecoin's hash rate is at just under 1,000,000 MH/s equaling roughly 1/275,000 of the bitcoin hash rate. Why is the price discrepancy not greater? Wouldn't it be more profitable to mine LTC and trade it for bitcoin? What am I missing here?
39.
Post 8869338 (copy this link) (by Bitcopia) (scraped on 2020-04-04_Sat_13.13h):
The hash rate blows my mind at 275,000,000 GH/s. Litecoin's hash rate is at just under 1,000,000 MH/s equaling roughly 1/275,000 of the bitcoin hash rate. Why is the price discrepancy not greater? Wouldn't it be more profitable to mine LTC and trade it for bitcoin? What am I missing here?
Comparing the hashrate of SHA256 and Scrypt is pointless. You need to compare the cost of generating the hashrate.
Ah thanks. That's what I was missing. I forgot LTC is Scrypt.
40.
Post 9108553 (copy this link) (by Bitcopia) (scraped on 2020-04-04_Sat_13.21h):
Whew... wow man, look at all that rising volume! All that buying, wow. People are just killing themselves to get at these cheap coins.
Actually... yes. Highest daily volume since more than half a year. Higher than the April "bottom" even.
Here's stamp, as an example:
Same on finex and okcoin. Huobi saw slightly higher in April.
This forum is no place for facts or backing up rational thoughts with data! FUD only please....
