All posts made by Nolo in Bitcointalk.org's Wall Observer thread
1.
Post 2214975 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_10.59h):
A friend in China mentioned today there's growing curiosity about BTC there after it was featured this weekend on CCTV. It's made it to the daily hot topic on sina weibo. Anyone want to speculate on whether/when this might be reflected in the exchanges?
We've discussed this quite a bit since the first CCTV news. Word is that the latest news was neutral to somewhat positive. I think we are going to see adoption in China, both as a speculative investment but also because of the world economic situation. Something we have to consider also, is that people may start to get behind it as a big FU to the USD. That is probably why the government has been pretty open to it.
I imagine that over the next 6 months to a year that China will be the biggest holders of BTC. Just on population alone, it only takes a few thousand wealthy people to make that happen. Just a feeling of a guess.
As the price of BTC goes up, we either need to go to another term e.g. mBTC or do a split (if that is possible). With the latter no one loses holding power as with creating new shares. I just don't see people being as game to buy when the price is high. But, if it truly starts to grow and is seen as valuable, then mBTC will be the new term.
IAS
I agree. It's psychological as much as anything. When we start using mBTC as the standard, I would be surprised if the price didn't increase almost immediately.
If you're a nobody investor without much money, would you feel more comfortable bragging to your friends that that you bought into the BTC market for .1
BTC or would you rather say I bought 10,000 m
BTC?
2.
Post 2215748 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_10.59h):
A friend in China mentioned today there's growing curiosity about BTC there after it was featured this weekend on CCTV. It's made it to the daily hot topic on sina weibo. Anyone want to speculate on whether/when this might be reflected in the exchanges?
We've discussed this quite a bit since the first CCTV news. Word is that the latest news was neutral to somewhat positive. I think we are going to see adoption in China, both as a speculative investment but also because of the world economic situation. Something we have to consider also, is that people may start to get behind it as a big FU to the USD. That is probably why the government has been pretty open to it.
I imagine that over the next 6 months to a year that China will be the biggest holders of BTC. Just on population alone, it only takes a few thousand wealthy people to make that happen. Just a feeling of a guess.
As the price of BTC goes up, we either need to go to another term e.g. mBTC or do a split (if that is possible). With the latter no one loses holding power as with creating new shares. I just don't see people being as game to buy when the price is high. But, if it truly starts to grow and is seen as valuable, then mBTC will be the new term.
IAS
I agree. It's psychological as much as anything. When we start using mBTC as the standard, I would be surprised if the price didn't increase almost immediately.
If you're a nobody investor without much money, would you feel more comfortable bragging to your friends that that you bought into the BTC market for .1
BTC or would you rather say I bought 10,000 m
BTC?
I'd rather have the 10,000m
BTC == 10
BTC 
oops lol. Math....
3.
Post 2218135 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_10.59h):
Wheres this image from?
http://mogsta.com/btc/
4.
Post 2219024 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_10.59h):
woooo something happened!
Are you sure?
Looks to me like we're still stuck. Time to break out the heavy duty weaponry:
5.
Post 2242172 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.00h):
Conspiracy theory # 1337: Mt.Gox is artificially holding the price stable until their new platform is released and can handle the volume associated with the coming rallies/crashes
Speaking of which: anyone know when the platform is supposed to be released?
I can't cite this. I heard sometime in June. I know that's broad, and it may not even be remotely correct. I think it was in relation to a theory on when LTC would be added. Someone said something like, "The new platform won't be released until June, and then you can probably expect LTC a few weeks to a month after that."
Maybe someone else has more specific info.
6.
Post 3747940 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.30h):
omg who gives a fuck about litecoin. this is a bitcoin forum, we need Adam up in here to stop these posts.
Well those LTC you don't give a fuck about gave me +20% btc in the last couple hours alone.
Good for you do you want a pat on the head? Can you go back to the troll box with this stuff?
Thank you. No.
LTC is just another way to make more BTC. You're just too stupid to see.
The outright disgust of some people toward anything LTC is interesting. You'd think LTC raped their mother or drowned their kitten or something.
7.
Post 3748051 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.30h):
omg who gives a fuck about litecoin. this is a bitcoin forum, we need Adam up in here to stop these posts.
Well those LTC you don't give a fuck about gave me +20% btc in the last couple hours alone.
Good for you do you want a pat on the head? Can you go back to the troll box with this stuff?
Thank you. No.
LTC is just another way to make more BTC. You're just too stupid to see.
The outright disgust of some people toward anything LTC is interesting. You'd think LTC raped their mother or drowned their kitten or something.
Or MAYBE there are still users, that are aware this is
USD/BTC wall observer topic. Ltc has its fair share of space elsewhere on this forum. Now, sod off.
As has previously been mentioned, LTC is having an influence on the price of BTC. I just find the hostility interesting. I have no clue what "sod off" means, but it doesn't sound nice.
8.
Post 3789566 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.31h):
Can someone explain to me in simple terms for this trading simpleton what the green and red lines that extend past the chart on the right on bitcoinwisdom represent?
For example, right now the green line is much taller than the red line. The red line is almost flat extending out to the right. If you don't know what I'm talking about, I'll get a picture and circle it.
9.
Post 3789588 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.31h):
Can someone explain to me in simple terms for this trading simpleton what the green and red lines that extend past the chart on the right on bitcoinwisdom represent?
For example, right now the green line is much taller than the red line. The red line is almost flat extending out to the right. If you don't know what I'm talking about, I'll get a picture and circle it.
Green line is the bids on the order book, red line is the asks on the order book. Basically the height of those curves at any particular price represents the cumulative sum of the bids or asks above or below (respectively) that price.
So the "flatness" means nobody is trying to sell coins above a certain price (red line), but lots of people are trying to buy them for cheap (green line).
Excellent. Thank you very much.
10.
Post 3789604 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.31h):
Excellent. Thank you very much.
No problem. That'll be 8 btc, please.
Put it on my tab.
11.
Post 3789723 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.31h):
Is it time to panic, puke, find the tallest building and jump, or just hold and weather this thing out?
12.
Post 3789739 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.31h):
Is it time to panic, puke, find the tallest building and jump, or just hold and weather this thing out?
You go ahead and jump. If you make it, I'll let you know how it went tomorrow.
I love you guys.
13.
Post 3789787 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.31h):
I need a drink....
14.
Post 3815479 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.31h):
Whatever the unit is for daily transactions it should just be called "Coin". That seems to be a fairly popular way of referring to bitcoins.
I'm actually a fan of "bits", referring to a millionth of a bitcoin.
So at a $1000/BTC exchange rate, a $3.50 cup of coffee is "3500 bits" instead of 3.5 mBTC.
Seems more suited to everyday life than "millibitcoins" anyway. Especially considering that by the time we're paying for coffee with it, it's gonna be closer to 35 bits for the coffee.
History repeats itself.
15.
Post 3825866 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.31h):
Capital Gains.
god damn it, i should of never sold anything
i need to learn how to hide my Capital Gains, should i dump it in BTC?
Dude, we have a $750k capital gains personal exemption here in Canada....use it.
I'm going to move to New Zealand (from Australia) for a year when I sell mine. Fuck giving 45% of my BTC to the government.
If anyone wants to throw out a good tax strategy for an American, I'm all ears. I'm dreading having to pay on my BTC profits.
16.
Post 3825961 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.31h):
If anyone wants to throw out a good tax strategy for an American, I'm all ears. I'm dreading having to pay on my BTC profits.
The constitutional republic known as the United States of America folded up in 1913. There is no binding social contract with the corporate state set up at that time.
I'll write you a letter from federal prison and let you know how that worked out for me.
17.
Post 3826553 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.31h):
Capital Gains.
god damn it, i should of never sold anything
i need to learn how to hide my Capital Gains, should i dump it in BTC?
Dude, we have a $750k capital gains personal exemption here in Canada....use it.
I'm going to move to New Zealand (from Australia) for a year when I sell mine. Fuck giving 45% of my BTC to the government.
If anyone wants to throw out a good tax strategy for an American, I'm all ears. I'm dreading having to pay on my BTC profits.
Long term capital gains. Keep your bitcoins for a year, and they qualify. Rates are far better than regular income tax, and are based on your tax bracket. If you manage to keep your regular income low enough, there is even a 0% rate. Most likely you will be paying 15%, unless you do quite well with your regular income . . .
also, if you don't have income or any other money coming in, you won't be taxed (after it turns long-term.. as in 1 year) on up to $35k if you're single, and $70k if you're married. i posted a link for this under the legal subforum.
I'm going to have to hunt that thread down. I'm self-employed, so I can legally manipulate the amount of income I personally receive every year. Might need to pay myself nothing in a year if there comes a time when I need to cash out. Although this only applies to the first $70k in capital gains? (I'm married.)
18.
Post 3837177 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.32h):
lmao the one day I decide to sleep a little late and cut my phone off so I don't get any notifications everything goes to hell. Actually it looks like I missed the scary part and we're recovering now. So maybe that was a good thing.
19.
Post 3845320 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.32h):
Am I the only one completely unfazed by this drop? Perhaps it is a sign that I have been involved with BTC long enough to understand that what goes up must come down but will eventually go up again? As a newbie I pretty much panicked in April and was depressed when the price dropped after that epic rise but now it just feels normal and almost welcomed to have some drops. Corrections have to happen in the growth process I believe. The great thing I am seeing is that the drops are getting smaller percentage wise. Perhaps due to the larger number of holders and less whales that can manipulate prices?
No. Everyone else is completely unfazed as well.
Well damn. I thought I was just personally starting to become "cooler" to these swings. Apparently everyone else is as well.
20.
Post 3851421 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.32h):
Anytime any coin dips the least little bit, I try to look at the trollbox on btc-e. I laugh hysterically. It's like a convention of these guys:
21.
Post 3853327 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.32h):
Thoughts on this theory going into the weekend?
Usually we see a decline in price on the weekends, especially near in time to reaching an ATH.
I believe most people attribute this to a lack of new fiat being able to be pumped into the exchanges to purchase BTC with.
But in this case, with a decline preceding the weekend, there is plenty of fiat already on the exchanges. People sold btc and are now holding fiat on the exchanges. Therefore, everything else being equal, isn't it just as likely that we see a rise over the course of this weekend as it is a decline?
22.
Post 3854181 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.33h):
One of these things is not like the others. One of these things doesn't belong.
23.
Post 3854243 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.33h):
btc-e now appears to be leading the way on the recovery.
Can gox please just go away? They are as incompetent as it gets.
24.
Post 3854305 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.33h):
It's official. Gox goxxed itself.
(When your name becomes a verb, you know you suck.)
25.
Post 3854385 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.33h):
It's 4:26am in Japan, this could go on unnoticed for hours yet
Does that joker over there at gox really not have a cell phone?
I could believe that level of incompetence from what we've all witnessed multiple times.
26.
Post 3854483 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.33h):
wow the level of freak out as hit a new ATH.
27.
Post 3854534 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.33h):
btc-e has got to be loving this right now.
28.
Post 3854674 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.33h):
So nice to have competent exchanges, innit?
The one I use may be operated by the Russian Mafia but atleast it works
29.
Post 3854830 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.33h):
guys this is really fishy... I see massive buys on other exchanges!!! do you think this was all played ? create some panic people start selling and some big hands eats the weak hands ?
And completely confuse the Gox servers?
That's not a difficult task to accomplish.
30.
Post 3855900 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.33h):
good news for america
bad news for china
america drops the ball
china picks it up
its soo WEIRD
At some point do the governments of the world start thinking of Bitcoin as a matter of national interest and economic security?
"If we don't take advantage of bitcoins, those damn commie bastard Chinese will."
"If we don't take advantage of bitcoins, those fat ass Americans will."
Edit: Or have they already?
31.
Post 3858863 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.33h):
I'm holding. I pretty much guarantee I will do better than those of you trying to catch the knife. But have fun with that
32.
Post 3858899 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.33h):
I am not going to put an order in above USD 200...
Do you always announce your poor decisions publicly?
33.
Post 3858940 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.33h):
I am not going to put an order in above USD 200...
Good luck. I hope you already have a bunch of them at least
Oh yes, but only a minor amount. Still, this would be the most expensive btc I would ever have bought. I would even not be surprised to see double digits in a real panic sell off.
34.
Post 3859009 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.33h):
i'm actually LMAO
fuck i should have sold at 900
3 hours later
fuck i should have sold at 800
3 hours later
should I sell at 700
naaaaa
You've got the strength of an Ox.
When I start to want to sell in times like these, I just think back to April. And smile. All of those that made such "great" trades back then lived to regret it. I'll continue to hold. And smile.
35.
Post 3859107 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.33h):
Does anyone else not even concerned, or is it just me? I'm enjoying just watching the chaos on the charts. Haven't sold a single BTC.
I'm the same way. I'm happy with the amount of btc I have. And it's going to bounce back higher than it was. Of that I have no doubt. To me it's foolish to try to day trade in times like this. So I just sit back and enjoy the ride.
36.
Post 3859213 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.33h):
I wonder how long before we see a panic buy. Many people didn't believe we'd hit this low. If they're in fiat it must be a dream come true and they don't want to miss it once they see it starts to tick up.
37.
Post 3859226 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.33h):
I got one!
well its *pending* but i assume i'll get it...
What happened to your newsletters? I subscribed but never recieved anything
sorry about that, ill add you.
looks like my latest prediction was wrong...
you can look forward to a Bitmovements PM tomorrow.
Add me too if its possible
+1 plz
Add me as well.
38.
Post 3859229 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.33h):
Is my panic buy prediction coming true?
39.
Post 3859248 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.33h):
BTC-e bounce to $779
40.
Post 3859276 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.33h):
This is too much , 660 , I went to take a pi*** and It went to 750
I've developed mad bladder skills since bitcoin.
41.
Post 3859475 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.33h):
Same old same old. Nothing new.
Manipulator whale dumps, lemmings follow, manipulator has bids filled, profits.
Lemmings drown.
The smart minnows didn't do anything but have their preset bids filled and profit along with the manipulator.
As usual, panickers lose.
This. That's why you HOLD/BUY until something fundamentally changes with bitcoins. These ups and downs are normal for this market.
42.
Post 3859566 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.33h):
I will buy $10,000 worth of bitcoin at a market value to USD between $15 and $35 which is fair value for the currency..everything above that is absolute bubbly.....I congratulate all those who got rich from the boom but the bust can be extreme..
good luck folks
U2, close the door please
BC-Trader's quote from October, 2011:
bit coin worth 2.x today 1.x soon then 0.X after that.
Sorry you guy's can't retire from running your video cards 24/7 on these big expensive computers Roll Eyes that will now flood ebay and bring down your expected recovery value.
I highly suggest we take what he has to say seriously
Someone's a little pissy they missed out.
43.
Post 3860430 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.33h):
This was funny the first time I saw it, and for the last couple of days it has been mildly annoying.
Now, I cling to it. Every time I consider selling, I check the price on Bitcoinity, and I am reassured.
Douglas Adams was onto something. I am now going to cultivate an NMP field around bitcoin until Monday. Goodnight.
I always check this site when I start to doubt:
http://shouldipanicsell.com/
44.
Post 3897953 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.35h):
Ground Control to Major Tom
Ground Control to Major Tom
Take your protein pills
and put your helmet on
Ground Control to Major Tom
Commencing countdown,
engines on
Check ignition
and may God's love be with you
45.
Post 3900805 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.35h):
Just throwing this out there. Not much technical analysis to base it on other than staring at the order book for hours on end. $980 within 2 hours.
46.
Post 3914976 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.35h):
Oh noez! We're over $1000 again. I guess it's time to panic sale! Going to $75!
Bears make me laugh.
47.
Post 3915376 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.35h):
48.
Post 3915730 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.35h):
It's a league game...
You all understand that bitcoin trading is just a kind of gambling, right?
Living is just a form of gambling.
49.
Post 3915749 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.35h):
Anyone see the Colbert bump?
Did he mention it tonight? I wasn't watching.
50.
Post 3915788 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.35h):
Anyone see the Colbert bump?
Did he mention it tonight? I wasn't watching.
It was just a pun in one of the slides in "The Word" segment, it wasn't actually said, just text on the side.
I laugh harder at "The Word" than just about anything he does. Great segment. I'll have to watch this episode.
51.
Post 3925796 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.36h):
I've been out all day today. It looks like China has been pretty stable around 5500. Is gox goxing up again? Why the decrease on gox but the stability in China?
52.
Post 3925832 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.36h):
These are hard times, I can imagine how many lose coins when there's so fierce shaking. If you don't have a solid plan then just hold and go to movies, you thank me later and can send me lets say 5% of your holdings (much less than if you get burned here)
That's my trading strategy. Don't.
Just hold, and then hold some more. (Atleast until my wife wants a new toy, then sell a few lol)
53.
Post 3925931 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.36h):
54.
Post 3926051 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.36h):
5:13am in China. What happens in the next couple of hours? Predictions?
Yesterday on similar volume China woke up and boomed up. Same thing for today?
55.
Post 3926147 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.36h):
40 minutes ago, SecondMartket said something and someone wrote about it
4
And seemingly agreement on a bail-in for Europe.
Set to start in 2016...
Never give the actual date for bail-in!
I haven't been following it too closely, but what keeps announcing the date of a bail-in from causing a run on the banks by these depositors?
56.
Post 3937027 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.36h):
That means nothing. That block took twice as long as other blocks. That's normal.
57.
Post 3942306 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.37h):
Reminds me of the rally threads, I was only new just before they stopped working but everyone had to go and shout at the speculators to stop screwing around, the prices used to be a line with jumps in it
the market has mature so much in the past 3 months no one realizes and assumes we are in a bubble, no we are not in a bubble.... if you think bitcoin is in a bubble go buy an ounce of gold.
We're probably in a bubble but only in the same way Amazon was in a bubble in 1999.
Amazon is still a bubble
A bubble with drones. When does bitcoin get drones?
58.
Post 3942505 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.37h):
Volume at gox is consistently anemic now.
59.
Post 3942835 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.37h):
With Bitcoin, we fight for that Satoshi. In this market we tear ourselves and everyone else around us to pieces for those Satoshis. We claw with our fingernails for those Satoshis. Because we know when we add up all those Satoshis, that's going to make the fucking difference between winning and losing. Between living and dying. I tell you this. In any fight its the guy whose willing to die whose gonna win that Satoshi. And I know if I'm gonna have any life in me its because I'm still willing to fight and die for that Satoshi. Because that's what living is. The six Satoshis in front of your face. Now I can't make you do it. You gotta look at the guy next to you. Look into his eyes. Now I think, you are gonna see a guy who will go for that Satoshi. Your gonna see a guy who will sacrifice himself for this team, because he knows when it comes down to it your gonna do the same for him. That's a team gentlemen. And. Either we heal now as a team, or we will die as individuals. That's bitcoin. That's all it is.
Now. What are you gonna do?
60.
Post 3943016 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.37h):
Looks like patience really is a virtue. Staring at a stationary chart for hours, is beginning to pay off. Movement is afoot.
61.
Post 3943108 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.37h):
Do we break that $950 wall at gox?
62.
Post 3943174 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.37h):
China is forming good support.
63.
Post 3943250 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.37h):
I was wondering when you'd show up
64.
Post 3944013 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.37h):
65.
Post 3953243 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.37h):
When will btc drop to 600 or 700usd. Grrr. Should I wait for it to drop or build a ltc mining rig?
Most miners would have seen better profits by playing the market. That is under the assumption that you are good at playing the market.
I purchased a LTC miner recently, but I simply wanted to diversify my BTC holdings.
Why won't btc drop to $600?
Why won't it drop to $200? Or hit $5,000? (Which it eventually will in my not so humble opinion.)
All you can do is guess. If anyone knew the answers they wouldn't be here sharing them.
66.
Post 3953379 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.37h):
That's the most poorly written article yet against Bitcoin. Laughable.
His #1 point? "What goes up, must come down!" lmao
His last point? It's not truly anonymous. Therefore better stick to using those good old paper bills.
67.
Post 3953423 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.37h):
I think we'll have an idea of how the weekend is going to go in about 3-4 hours.
I put absolutely no stock in what happens at gox anymore. There are large sell walls that have been placed on gox, but it really isn't scaring the market down like it used to. Volume at gox is miniscule compared to what it used to be. They've lost huge amounts of market share and deservedly so.
China is the lead dog now. They'll be actively trading in about 3 hours. We'll know more then.
68.
Post 3955970 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.37h):
Everybody understands that *if* this maintains itself (or go better) next week will be rising like hell... right?
No. Math says that it takes 10x more everything to make the price rise from 10x higher level.
We do not have 10 times more anything, compared to last summer. 5 times we have, so the price is overvalued by a factor of 2, and will go down -50%.
I have thousands of lines of research on the subject but nobody reads it anyway so why even post...
But this is btc:-D
Btc dont care
You should be the right person to bet for BTC against me...
How about:
- Will Bitstamp surpass its ATH of $1163/BTC in 2 months?- If this price is breached, Goat wins.
- If not (until February 13th 24:00 UTC), rpietila wins.
Bet amount is $50,000, (odds 1:1) paid in bitcoins at the rate of the settlement date.
you make a claim that btc will go down 50%. Then try to make a bet that has nothing to do with btc going down 50%?
What am I missing?
+1
69.
Post 3956061 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.37h):
I heard today Casascius has the Fincen breathing down on him??
Can anyone confirm?
http://www.coindesk.com/us-regulators-bitcoin-mint-casascius-shut/
70.
Post 3958949 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.37h):
Hilariously, what we think of as digital signatures (cryptographic) are pretty much just an afterthought to most of those laws. Typically, those laws are about fax machines, and web buttons labelled "I agree" and other such nonsense.
Bullshit. If you made a website with the following elements:
"I own all your shit now" and a button stating "I agree"
A visitor clicking said button would not transfer ownership.
Similarly a "these are Risto's coins" message is not a contract and isn't binding.
The "I agree" thing is called in the legal community Clickwrap. And it depends on what you're agreeing to as to whether a court will enforce it. Courts normally don't like it.
A digital signature is just as valid for most things, such as entering into a contract, as a signature signed on paper with a pen. Remember, most contracts aren't even required to be in writing, much less have a signature.
But no. You can't "trick" someone into signing away rights. That would be fraud.
71.
Post 3969835 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.38h):
real big spreads between bids and asks, especially on mtgox. does this indicate anything?
I think it means gox is dying as an exchange due to continued incompetence. I don't believe you can really extrapolate anything onto bitcoin itself from it.
72.
Post 3971763 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.38h):
What does the new white line on bitcoinwisdom represent?
73.
Post 3971932 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.38h):
What does the new white line on bitcoinwisdom represent?
What new line? I don't see it..
Screenshot?
74.
Post 3972068 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.38h):
http://killfish.ru/news/616.htmlLarge chain of bars in Russia announce they're now accepting bitcoins.
With as much as they drink, this may double the price overnight
75.
Post 3972392 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.38h):
This is the slowest panic sell I've seen yet
76.
Post 3972443 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.38h):
I can see a double bottom with a pair of tits in between ^^
That's my signal to go all in.
77.
Post 3994418 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.39h):
I'm starting to wonder if the USD exchanges are beginning to tell China to screw off. The Chinese can panic and do whatever they want but we're not going to jump off of a cliff just because they choose to. The interplay between the Chinese and USD exchanges will be an interesting one to follow the next few days I think.
78.
Post 3998059 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.39h):
Here is one of the funnier pictures on this topic from the delusional bull trap phase:
Blitz, you're an annoying
trollbearcunt most of the time, but that picture is priceless
and completely accurate
Thanks.
LOL
As I posted about 25-30 pages back several hours ago, China is being told by the rest of the world to screw off. China is going to realize that the market isn't going to continue responding as dramatically to their little panic tricks that they've used to scoop up coins, and they'll start acting differently.
79.
Post 3998120 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.39h):
is there an iphone app that sends alerts on movements in % over a specified period?
"bitcoin paranoid" is what I use on android. Might want to see if they have an iphone app.
80.
Post 3999029 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.40h):
trap?
Possibly, only time will tell. But we're seeing good support bids being placed, and if China wakes up and sees it rising from an overnight low, they may panic buy and jump on as well. But at the same time they may wake up to news about the third parties and panic sell. Too much uncertainty to know for sure what we're in right now.
81.
Post 4001870 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.40h):
Guy's I don't want to go to sleep, but it's way past my bed time.
What should I do?
Send me your coins. I'll manage them for you.
82.
Post 4002539 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.40h):
Blow it out your ass ChartBuddy.
83.
Post 4002559 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.40h):
I say the rest of the world votes China off the island.
84.
Post 4002715 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.40h):
I wonder if the Chinese weren't a drag on the market this whole time anyway.
Was the fear of the Chinese government something that was keeping new potential whales from jumping in? Now that the shoe has dropped, and China has decided to bottle its people back up and make them go back to their pollution and hovels, will this bring optimism back once they're out of the market? The rest of the world can regulate, but it can never really shutdown like China could. Regulation in the rest of the world is often seen as a bullish sign. In China its been the opposite, since everyone always knew what their government could do.
85.
Post 4002751 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.40h):
Anyone that can read Chinese, what does the yellow sticky note on OKCoin.com say? That's new I think. Its an image and I can't translate it.
86.
Post 4002800 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.40h):
Anyone that can read Chinese, what does the yellow sticky note on OKCoin.com say? That's new I think. Its an image and I can't translate it.
A notice that 0 trading fee policy is stopped.
Gracias.
87.
Post 4002819 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.40h):
Goat's my hero.
88.
Post 4002886 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.40h):
Someone, or a group of someones, has decided that BTC will not go below $700 on gox.
89.
Post 4002987 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.40h):
Would the damn Chinese just go and not let the door hit them in the ass on the way out?
90.
Post 4011087 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.40h):
It seems impossible to get actual verifiable information on what is happening with various governmental regulations and Bitcoin.
Does anyone KNOW what the Chinese government has done, or are we still in complete rumor territory, or are we somewhere in between?
91.
Post 4019845 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.41h):
Josh
I take some responsibility for this tack, with my necktie quip. Seriously, it's not worth the karma burn.
There's no bad karma in harming Adolph Hitler. That guy is the most obnoxious waste of human flesh that's alive on the planet today. I've had several conversations with him here and every one ended with me wanting to scrub out his mouth with a bottle brush and some gasoline. It's bad enough shipping to your friends first, lying to everyone about delivery dates, refusing refunds and on and on but being a rude butthole to all his customers on this forum is unforgivable.
Mao and Kim are worse.....Actually Stalin also.
This conversation will not end well lol
92.
Post 4019887 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.41h):
Can someone translate this?
93.
Post 4019978 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.41h):
94.
Post 4020216 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.41h):
How many more coins do these damn Chinese have left to sell?
95.
Post 4020739 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.41h):
Now that China is out of the picture, and they have done their damage, I think it's time for a true Bitcoin hero to emerge:
http://www.youtube.com/watch?v=IhnUgAaea4M
96.
Post 4023772 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.41h):
Next time I meet someone from China I'm kicking them square in the nuts.
97.
Post 4023826 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.41h):
Next time I meet someone from China I'm kicking them square in the nuts.
EDIT: Someone from the Chinese Central Bank. Not Chinese people in general.
Agreed, but at this point, I'm ready to kick anyone available in the nuts
98.
Post 4024315 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.42h):
Volume is very strong on these green candles. Feeling a whole lot more positive now than an hour ago. We'll see how long it lasts.
99.
Post 4024473 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.42h):
China runs out of coins...? Volume is significantly lower the last 15 mins.
And the lowest volume of any of the exchanges it appears. BTC-e and Bitstamp are leading the way now.
100.
Post 4028120 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.42h):
I got as far as this:
Bitcoin lacks the essential attributes that are needed to support a widely recognized transactional currency. If Bitcoin was allowed to proliferate as a currency it would produce greater economic uncertainty, reduced trade and lower individual standard of living.
That was enough for me.
The man is a clown.
There's a good chance it will turn out to be an accurate prediction. Not because there's any truth in it, its pure FUD, but because the charts will show its correct.
I predict Leprechauns will buy the price to $700 in the next few of hours. I'm going to laugh at everyone when my prediction comes true. I told you all Leprechauns were real.
101.
Post 4028178 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.42h):
Anyone think we will break 600 and stay?
I do. Alot of indicators are starting to point at buy. Will we dip down? Sure. But I believe we're in recovery mode now.
102.
Post 4028326 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.42h):
I'm impressed with the buying now. Starting to hit some sell walls around $620-$625, and the bulls are buying straight into it with no hesitation.
103.
Post 4033968 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.42h):
This week was the perfect storm. We have a bunch of people that need to cash out for Christmas (I know not everyone celebrates Christmas but I think many do
) couple that with the China fiasco and we have a nice big crash. Just thankful it was not worse really.
Next week there will be Christmas money flooding in, and a few people that want to buy before the end of the year for whatever reason, (Perhaps because Second Market is giving a discount on fees if they buy in before the end of 2013 for one example)
It will go up before the end of the year. I have no doubts.
This is exactly how I see it.
104.
Post 4034147 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.42h):
This is starting to get posted everywhere:
The front page of huobi.com says "银行汇款充值24小时到账，支持招商、建设银行。"
Apparently it translates to: "You can use the remittance to deposit fiat into our platform. The fund will be available in 24 hours. We support China Merchants Bank and China Construction Bank".
I know huobi is a Chinese exchange. I know they're saying they are now accepting fiat via "remittance". What is remittance though? And they say they support two different banks. Is remittance like a cashier's check form one of these banks? Is it a bank wire?
It looks like this exchange has found a way around the new regulations.
105.
Post 4034531 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.42h):
It is wire.wire within China is cheap and instant
This is starting to get posted everywhere:
The front page of huobi.com says "银行汇款充值24小时到账，支持招商、建设银行。"
Apparently it translates to: "You can use the remittance to deposit fiat into our platform. The fund will be available in 24 hours. We support China Merchants Bank and China Construction Bank".
I know huobi is a Chinese exchange. I know they're saying they are now accepting fiat via "remittance". What is remittance though? And they say they support two different banks. Is remittance like a cashier's check form one of these banks? Is it a bank wire?
It looks like this exchange has found a way around the new regulations.
So do you believe this could be an answer for the Chinese problem? Why were the exchanges and depositors having to use 3rd party payment processors, if they could just use the banks directly like this anyway?
106.
Post 4034635 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.42h):
It is wire.wire within China is cheap and instant
This is starting to get posted everywhere:
The front page of huobi.com says "银行汇款充值24小时到账，支持招商、建设银行。"
Apparently it translates to: "You can use the remittance to deposit fiat into our platform. The fund will be available in 24 hours. We support China Merchants Bank and China Construction Bank".
I know huobi is a Chinese exchange. I know they're saying they are now accepting fiat via "remittance". What is remittance though? And they say they support two different banks. Is remittance like a cashier's check form one of these banks? Is it a bank wire?
It looks like this exchange has found a way around the new regulations.
So do you believe this could be an answer for the Chinese problem? Why were the exchanges and depositors having to use 3rd party payment processors, if they could just use the banks directly like this anyway?
anonymity I believe. Direct bank transfers are of course documented, whereas it sounds like the 3rd party payment system less scrutinized?
But now it sounds like the 3rd party payment system is the one so heavily scrutinized. Plus, were the Chinese really using BTC for things they felt they needed to be anonymous for?
I think if someone like OKCoin or BTCchina were to announce this, the price would explode.
107.
Post 4034702 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.42h):
Surely, Bobby Lee would have looked into this alternative form of sending fiat to the exchanges right?
I'd like to hear his opinion on this "remittance" option.
108.
Post 4034714 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.42h):
I know huobi is a Chinese exchange. I know they're saying they are now accepting fiat via "remittance". What is remittance though? And they say they support two different banks. Is remittance like a cashier's check form one of these banks? Is it a bank wire?
In the contexts I'm familiar with, remittance refers to services in western countries designed to help expats send money back to their home country.
If that's what it refers to here, then it's not clear how much help it is to most people in China, as it would require them to have funds in the west to start with (or the ability to transfer funds from China to a western country).
roy
Earlier, someone said that remittance is a service only within the borders of China. I'll try to find more info on it.
109.
Post 4034749 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.42h):
From ICBC's website:
Remittance Express
☆ Introduction
A service for making transfer of RMB or foreign currency between remitter and the appointed domestic receiver in the form of cash or transfer through the remittance channel of ICBC domestic.
☆ Target Client
All individual customers are welcomed to remit money via "Remittance Express" in a fast and safe manner.
☆ Features
1. Fast and accurate. For remittance between ICBC accounts, once the name and A/C No. are correct, the amount will be accurately credited into receiving account. RMB remittance between ICBC accounts is credited into the receiving account in real time. FX remittance between ICBC accounts is credited in real time into the receiving account if in the same city, and usually on the next day if in other city. ICBC will process the remittance to accounts in other banks in China in the shortest span. However, when will the remittance amount be credited into the payee account depends on the receiving bank.
So it appears that remittance is also used within the country. Looks like a viable option so far.
110.
Post 4034845 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.42h):
I think China's nearly dead, can't see much of a pulse :/ Oppressive tendencies and all they probably just switch off if the state looks unhappy, hope it return from the grave soon though. Lol, a ghost exchange.
Volume on Chinese exchanges:
111.
Post 4036242 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.42h):
I'm pretty sure that's the same message from last night. Nothing new there.
What is new, is that it is being spread around the interwebz that the exchanges may be able to accept deposits in fiat directly from banks. Whether this is true or not, has yet to be seen.
112.
Post 4049905 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.43h):
Bitcoin high as fork going from 400 to 700 and shit
This reminds me of the other day when my family was out to dinner. I took my 4 year old daughter to the restroom while my wife cut her food up for her. When we got back to the table, my daughter said in a very loud voice, "Who forked my food up??" We got several interesting looks, from people that wondered if they heard what they thought they heard.
113.
Post 4053442 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.43h):
This dead crypto-cat has a lot of lives thats for sure.
I have a feeling 10 years from now when the price crashes from $1.1 million per coin to $1 million per coin, this forum (or if this forum doesn't exist then one like it) will be filled with threads such as "This is it! Bitcoin is dead!" & "Bitcoin = ponzi scheme!" & "You Bulls are sooooo st00pid!!!" & "Bitcoin in double digits in 2 weeks!! Sell now!!"
114.
Post 4054174 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.43h):
ok the question of the day: Blockchain.info has a big announcement next week they twitted this
https://twitter.com/blockchain/status/413907446059384832Blockchain.info 's got a major announcement for next week. Any guesses as to what it is? #bitcoin #blockchain
any guess from you people ?
Litecoin support.
115.
Post 4061261 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.44h):
Am I the only one here who thinks being gay is wrong, or aka not what god intended. I man common, god really created Man to bang another Man...
First off, I hope you're just trolling. Second, there's probably a better forum than this for this. Third, yeah. I hope you're just trolling.
116.
Post 4061292 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.44h):
Stamp, Gox and BTCChina are following eachother step by step, but who is following who? And why is BTCChina about $100 cheaper than Gox, while they still follow the same curves?
I've given up trying to figure out what is doing what. Everything seems to be a complete crap shoot these days.
117.
Post 4061314 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.44h):
Ok, let's stop quoting that guy.
If he is indeed trolling, he's the lamest troll I've seen..
+1. I shouldn't have quoted him. Disgusting post. No place for that here.
118.
Post 4061401 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.44h):
Let's get back on topic now and focus our energies toward a common enemy. The bears and the Chinese government
119.
Post 4076652 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.45h):
There's no reason why it's impossible we can keep going up, the trend needs to be broken at some point. A few weeks back lots of people were saying that a major retailer adopting bitcoin was the thing that was needed for higher prices. Now it's happened, but everyone is still reeling from China and expecting impending doom.
What happened?
Overstock will accept bitcoin, not exactly eBay or Amazon, but it's making news in the US.
And where do you buy your Bitcoins in the US? localbitcoins.com? So your going to shop online at overstock because it's convenient but first buy your Bitcoin to use there from some guy after setting up a meet or trusting an online trade. Forget about the US, those idiots are gone from the game. Focus on the rest of the world.
Coinbase. US is the largest player in the BTC game.
120.
Post 4099182 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.45h):
My prediction for what it's worth (which is probably negative 2BTC): We're getting very close to breaking the downward trendline. The problem I see is that Christmas falls right in the middle of the week. This week may essentially be a dead week with nothing happening. Next week New Years falls on a Wednesday as well. I think we probably rise a little bit but tread water just between $700-750 until these holidays are over. Once business gets going again in January, that's when we may see the big rise.
121.
Post 4116466 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.46h):
Is gox still following btcchina? wtf
lol I thought the same thing earlier. But honestly, do you expect intelligence from anyone that still uses gox?
122.
Post 4212147 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_11.48h):
equilibrium (even with fluctuation) is realistic.
there are somethings that the usd is better for and some things btc is better for. one will not kill off the other any time soon.
500 years from now? sure... gold might be the thing again by then, lol.
Agreed - but let me run this by you, it's been bugging me:
Digital currency - in the form of neutral, non-centralised and trustworthy value transfer systems make sense.
But whether BTC is Myspace and not Facebook, or AltaVista and not Google is a moot point.
Change will come, yes - but Bitcoin is a pioneer and something better could well take advantage of the doors it opens.
A network of P2P value exchange is obviously necessary, but BTC is just showing what is possible, and the coin value is much less relevant than the actual network value (which cannot be bought).
We actually cannot (yet) buy what the value of this idea is, anymore than you can buy shares in the internet. The real money is in the applications regular people can really use.
They are not there yet, they will be and this will 'make' bitcoin, but to be honest I am beginning to thing the price of a coin is really missing the point of what we are part of and I am seeking ways to invest in applications for this technology, not the coins which flow between the points of its' network.
Philosophical drivel maybe - but I do not here anyone here discussing this kind of 'future' when it seems patently obvious to me that we are not thinking what the applications riding on the network could actually do, and mean for the future. Not just the 'price' of a coin.
yes but after ww3 we might be back to shiny rocks being the most advanced thing we have.
assuming we dont ww3 cryptocoins are unstoppable. its why i massively got in ltc.
would you say that now is still good time to invest in ltc or would it be wise to wait that it dips a bit?
no idea, but when LTC was trading at like 1/10th of half a cent it looked like a good risk/reward opportunity.
My portfolio is 65%/35% BTC/LTC. I am constantly arguing with myself as to how much more LTC I should buy. It's higher risk but also higher reward. I wouldn't be completely shocked if in the next few months we saw LTC hit .1BTC. At the same time I wouldn't be shocked if it hit .02 again. (I would not be happy with that, but I suppose its a real possibility)
123.
Post 6197964 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_12.37h):
Btc-e ddos... prepare the fiat, there will be probably some panic when they come back online
Stamp is very slow on updating as well. They might be getting hit also.
124.
Post 6198090 (copy this link) (by Nolo) (scraped on 2020-04-04_Sat_12.37h):
Btc-e ddos... prepare the fiat, there will be probably some panic when they come back online
Stamp is very slow on updating as well. They might be getting hit also.
Yep... i think we will see a drop soon. Sheeps will panic
Stamp is definitely getting ddos'd just like btc-e. Interesting that Huobi seems to be working just fine.
