All posts made by Nagadota in Bitcointalk.org's Wall Observer thread
1.
Post 18665562 (copy this link) (by Nagadota) (scraped on 2020-04-04_Sat_15.08h):
bitcoin is literally the most interesting market on the planet.
^calm before the storm==bitcoin price is about to explode up north with leaps and bounds you were never expecting!! :-D weeeee++
Why? What fundamentals have improved recently?
Less new bitcoins to be found every 10 minutes. Like clockwork.
That was ages ago. The halvings don't just make the price go up straight away, it's just a loose guideline for when the price should go up for miners' revenues to stay the same or get higher. Basically, no fundamentals have improved recently and I don't think that storms are very pleasant.
2.
Post 18673082 (copy this link) (by Nagadota) (scraped on 2020-04-04_Sat_15.08h):
bitfinex has reached nearly its all time high, while bitstamp is behind almost 80 dollars.
what is wrong with stamp?
Nothing is wrong with Bitstamp, the only problem is with Bitfinex. Since people feel fairly secure on Bitstamp they often dump their coins there for fiat so that they can get a withdrawal quick enough, which is why the price is usually lowest. Bitcoin's Bitfinex value isn't actually backed by fiat and they can't process fiat withdrawals or even deposits on there so it's not long before it all explodes in their face.
3.
Post 18673687 (copy this link) (by Nagadota) (scraped on 2020-04-04_Sat_15.08h):
$1320 on Finex
I'm a bit speechless now, this will not end up well.
Great
selling buying opportunity incomming
holy molly what's that like 8-9% > stamps price.
maybe at 20% over, the risk / reward is good enough to start go selling on finex?
Definitely not. You'd have to be really, really lucky to get anywhere with that. If the risk/reward was really good enough, the price would start getting patched up already. The fact it's just getting higher and higher is probably a sign that arbitrage traders are terrified of it.
4.
Post 18687568 (copy this link) (by Nagadota) (scraped on 2020-04-04_Sat_15.08h):
could be bitfinex a new mtgox pump?
I don't see any pump yet.
Currently, the price on Bitfinex is
1323 USD. The price on Bitstamp is
1242 USD and the price on BTC-E is
1235 USD, even though BTC-E is having problems with fiat deposits as well.
There's a huge pump already, and it's only going to get bigger.
5.
Post 18704187 (copy this link) (by Nagadota) (scraped on 2020-04-04_Sat_15.08h):
Bitfinex should be taken off bitcoinwisdom if its inaccurate because neither of the other exchanges are challenging resistance but bitfinex is waltzing through the previous high like its just another minor step.
As far as a reset to 1050 see how it reacts to 1200 first, that seems more likely and matches the China price movement
Any exchange which has restricted functionality dealing with any of the currencies they're supposed to trade should be removed from price estimations. It's worthless if the traders' beliefs about the exchange are affecting the price, so that even applies to OKCoin while the price is lower than the rest. Since so many exchanges are messed up right now there won't be a lot of exchanges to be included other than Bitstamp and Coinbase.
6.
Post 18791023 (copy this link) (by Nagadota) (scraped on 2020-04-04_Sat_15.08h):
Price looking good. Strong support around $1300. Looks likely that there might be another rally over the next few days to around $1400 tops. Conclusion: moon.
Alts don't matter. Litecoin is great but if people were going to run off to a shinier new coin they'd have done it ages ago (and ETH is different, it's not really a competitor).
7.
Post 18807304 (copy this link) (by Nagadota) (scraped on 2020-04-04_Sat_15.08h):
I believe this current formation is a flag, a bullish sign of a possible further break upwards. The flag is formed after consolidation post a rise through resistance. I'm not that familiar with flag action but I just hear it mentioned alot in stock markets as they are at highs.
Bitcoin bears a parallel generally in that they both benefit from the zero interest rate policy for dollars. Though FED has raised rates again recently, it moves in very small amounts and lags the inflation rate which is higher then base rates. We have at present negative rates when accounting for losses to inflation, this benefits market speculators with far lower costs to borrow any other time in history almost.
Looks like we're finally through the giant cup and handle formation that's been happening since 2013. I have no idea what could happen now - it could break further upwards but I can't see any events which would make it happen. The tiny liquidity on exchanges is making the price unpredictable and my head hurts.
8.
Post 18812789 (copy this link) (by Nagadota) (scraped on 2020-04-04_Sat_15.08h):
feels like might be some incoming ... alts going nutz, bitfinex price gap closing up, funds are on the move.
The only alt that has any upside potential left right now is Litecoin. Both Eth and Ripple were raised by the scam of creating coins out of thin air, sending them to Bologniex, then margin leveraging their illiquid asset higher. I think Darkcoin preminers conspired together to do the same thing. Now all those coins are in bubble territory with no room to run anymore and about the only alt I can imagine making a move is Litecoin going to something like .02 - 0.04.
ZEC is already at 0.7.
Only need to tripple to reach this.
We need to face it, BTC marketdominance will go to 30% in a couple of months from now.
Still going to 10 000 USD, but crypto as a whole will develop really really fast.
BTC will be the USD/gold of crypto.
Fiat wont be used again.
Altcoins rightnow are where BTC was at 2013.
Were you not yesterday dumping altcoins and pumping btc?
He was basically saying that Bitcoin will be the master - iamnotback described it as a "settlement layer". I think they have a point.
Satoshi's clever idea about immutability will make alts create a better currency for everyday transactions as competition to Bitcoin, and since Bitcoin has a more predictable supply than Ethereum it can be used as the ideal store of value.
9.
Post 18813434 (copy this link) (by Nagadota) (scraped on 2020-04-04_Sat_15.08h):
and since Bitcoin has a more predictable supply than Ethereum it can be used as the ideal store of value.
Currencies are never a store of value.
For most people, currencies are the only store of value. People hold their money in bank accounts or in cash and regardless of whether or not they expect it to rise, they definitely use currency as a store of value.
Bitcoin is what it is. The label "cryptocurrency" is somewhat true, but that's just what people call it (and satoshi regarded it as digital cash, but he doesn't have to be right 100% of the time). Bitcoin is the gateway to digital cash - it's like an alpha version of a game that can't have its code changed to a full version. But unlike an alpha version of a game, it's very stable and effective for what it is, which is a means of transferring large transactions, trading between different online currencies, storing value, and verifying things on the blockchain.
10.
Post 18884848 (copy this link) (by Nagadota) (scraped on 2020-04-04_Sat_15.09h):
The price rise from 1200==>1600 was mainly artificial, thanks to the liquidity squeeze from bitfinex, which the other exchanges chose to follow like lemmings.
No reason at all why other exchanges would follow Bitfinex. Bitfinex is following the other exchanges. A low liquidity can cause lowered prices relative to other exchanges as well.
True, there are a lot of new institutional investors and overseas investment. But not enough to raise the price that high.
The Japanese yen was near insignificant in Bitcoin before. Now it represents over half of all trading volume. That's definitely enough.
I don't know how you could call this anything but a mini-bubble based on artificial bitfinex prices.
Reality.
11.
Post 18889059 (copy this link) (by Nagadota) (scraped on 2020-04-04_Sat_15.09h):
Monday ... well, what's the time in Tokyo ?
time to sell .. obviously
Never sell in the weekend.
NEVAAH
never sell at the top , never sell in the weekend .. what's next? never sell when is the full moon?
Unless you're a super pro trader, just HODL. Otherwise you'll end up throwing away more than you can afford to lose when the price keeps going up or keeps going down in a way that you didn't expect. Even people who get things right are getting them wrong sometimes, so just HODL or sell little bits at a time.
12.
Post 18893632 (copy this link) (by Nagadota) (scraped on 2020-04-04_Sat_15.09h):
USDT is making a recovery and Coinbase and Bitfinex are at roughly equal prices since Bitfinex agreed to have Friedman LLP do a
balance sheet audit.
A lot of the uncertainty is fading away. This is looking good. Very good.
13.
Post 18901478 (copy this link) (by Nagadota) (scraped on 2020-04-04_Sat_15.09h):
Quoted from Slack Chat with Craig Wright
https://pastebin.com/zU6YZWXK "Layer 2 networks will require the introduction of AML and intermediary controls. These are localised networks in the form of existing intermediaries.
They can be allowed to operate with Bitcoin competitively, but not at the expense of open exchange. This being what they fear, why use L2 if you have no need?
Those who do not think that government can set in and control this are either naive or malicious. There is no other view. This is not a false dichotomy. These are the only options.
In all cases, L2 will require systems that can be controlled and they will require the interaction of merchants and other parties. Networks such as lightning centralise and offer control on a platter."
Entirely false information. Your mistake was believing a word that clown says.
Please elaborate why its entirely false? In any case to hell with the Craig Wright link. That wasn't my point. My point is my own formed before I read any of Craigs own opinions.
Why is LN not going to centralise transactions? What is the protection against this? i assume we all want the common goal of bitcoin remaining decentralised. Links please. I need enlightenment so I can join the Wall Observer flock of sheeples
I really dont take a Dash supporter too serious tho. First they pump it, then its stagnates. Then it dissapears. Its good that Btc takes its time to figure things out properly, but the dark side of decentralisation is that innovation takes so damn long. Same with democracy, its the best solution but it takes ages to decide and implementate. Btc is like old greece. Just philosophy while other lower skilled bad equiped no-knowledge countries are closing in. Its really discusting to see so much bad alts growing while they will dissapear. Dash with this maketcap is just a joke a IMO.
Thank you for those words of wisdom. Almost as enlightening as your mickey mouse video. Yes I like Dash which is completely irrelevant to this discussion. I like bitcoin too, I'm invested in bitcoin. I care about bitcoin, which is why I'm here worrying and fretting that LN is a bad idea.
This is from the lighting network paper itself. Near infinite amount of transactions. Off chain. Things that make you go hmm
"If we presume a large network of channels on the Bitcoin blockchain,
and all Bitcoin users are participating on this graph by having at least one
channel open on the Bitcoin blockchain, it is possible to create a near-infinite
amount of transactions inside this network. The only transactions that are
broadcasted on the Bitcoin blockchain prematurely are with uncooperative
channel counterparties."
Can you please explain me with your own words what LN is and does?
How did this get from me asking for links so I could read up about it to me having to explain it in my words?
Earlier today more than once I admitted needing more info, and asking for links, (still non provided).
So far I got this. Using LN, bitcoin users can create payment channels to other users, they can pay each other back and forth without any need for commiting to the blockchain. Unless both parties want to close the channel it stays open. A node could have lots of open channels to lots of other nodes. Payments can also be routed through other channels to reach a user who isn't directly connected via their own channel. Thereby a network will be formed. The likely shape of the way the network will evolve will be a hub and spokes model. With certain nodes acting like hubs this becomes a potential centralisation point. These hubs will know a lot of information about all the transactions passing through them. I'm still sketchy on the fees but I assume these hubs will also be incentivised by fees. I envisage hubs could act a bit like banks people create a channel with the bank (I mean hub) in order to get fast routing through LN avoiding slow normal bitcoin. These accounts (I mean channels) will stay open. Dumb masses think they are using bitcoin but they aren't (almost all the time).
Where do you see the problem of centralisation when anyone can just create their own private channel?
Where do you see the problem of mining centralisation when everyone can just buy their own miner?
Because they don't have an
incentive to go through all that trouble.
14.
Post 18901882 (copy this link) (by Nagadota) (scraped on 2020-04-04_Sat_15.09h):
In real world use case I don't think average users will want to create a new channel for every single time they trade with someone new. It will be a hassle. They will want to just use 'the lightning network'. Hub and spoke will arise naturally as most efficient and fast way of routing through the network.
So there you have: If most people use LN for their small transactions/payments more block space there is for the "important" transactions if you are willing to pay the fee. You can choose which method you use. What's bad about that?
It's not that you need to chose one way or another, you will be able to decide for each transaction you decide to make.
The bit I don't like is everyone else using 'central' hubs to put their transactions through.
Where do you see the problem of mining centralisation when everyone can just buy their own miner?
Because they don't have an incentive to go through all that trouble.
Yes that illustrates my point LN users wont be incentivised to go to all that trouble either.
Thanks, at least you guys are giving me some food for thought. Mainly responses have been trollish before.
It's not that users wont be incentivised to go to... Which trouble? Standard BTC transactions will be exactly the same trouble as they are now, nothing changes. But yes, users will be incentivised to use LN for several reasons:
- Lower fees
- Almost INSTANT transactions <- This is a really important point. No blocksize increase could ever reduce a minimum of 10 mins for the first confirmation.
- Real scalability: No more TPS limit. LN networks could process thousands, maybe even millions of transactions per second.
I think you're missing my point. They have an incentive to use LN, but they don't have an incentive to create a personal channel for every transaction.
The future usage I envision for myself is something like this:
- For moving my BTC in non trivial ammounts -> BTC Blockchain
- For buying "coffee" or who knows what other smallish stuff -> LN
- For things between those two use cases -> LN or BTC Blockchain depending on the circumstances.
I agree with that actually. The Lightning Network's transaction centralisation (which is somewhat inevitable, to be honest) shouldn't be too bad as long as people have the option available to use the real blockchain for large transactions and transactions that require the security of the blockchain.
15.
Post 18906647 (copy this link) (by Nagadota) (scraped on 2020-04-04_Sat_15.09h):
Next week new highs? So far it's holding strong.
Until now it is doing exactly what it should be doing to continue rising next week: Small but significant correction, half recovery and consolidation. Not sure if there will be another test of $1500 before monday... In fact it would be slightly better if it does.
The biggest pump will come when people realise that altcoins can not go on pumping indefinitely and a good chunk of market share returns to BTC. That has not hapenned yet.
Unfortunately. Who knows, maybe that'll happen next week if we go upwards again. I don't enjoy being where we are in terms of this small rise, but it's necessary to go back up. Once those altcoins are sold back to BTC we'll see an enormous bump in price bigger than any we've seen recently.
Looks like that day is coming pretty soon. The great altcoin bubble has reached its peak - ETH has stabilised around $90-100 and DASH has stabilised around $100. As soon as people give up - could be in the next couple of weeks - it's time for another rally.
16.
Post 18936505 (copy this link) (by Nagadota) (scraped on 2020-04-04_Sat_15.09h):
Today is big shitcoin bleeding right?! Good good! These guys have to learn it the hard way. BTC King will continue ruling them all!
Price is around $1764 over at coinmarketcap. I'm just curious if this is the beginning of the big altcoin dump and Bitcoin's huge slingshot to $2000+.
<snip>
Perfect. Now when they drop further I can buy in before the next altcoin bubble in a year or so instead of being one of the many people buying in from FOMO who see a meaninglessly high market cap.
It's a shame Litecoin is dropping as well though. It would be nice to see a rise in the Litecoin price
after SegWit activation instead of just leading up to it.
17.
Post 18941790 (copy this link) (by Nagadota) (scraped on 2020-04-04_Sat_15.09h):
japan is the most cash heavy developed society. something like 85 per cent of transctions are cash.
it maybe means more future potential but there are other places more ready made.
There's still potential in countries where the amount of digital transactions is higher - new digital transactions in Japan will be in fiat and will only transition to Bitcoin when it's convenient - in a few years probably, and a bit longer before it's significant (if it ever is).
Important things about Japanese adoption are:
-Japan often quick to adapt/create new technology
-People have a lot of savings
-Recent government acceptance
18.
Post 18943048 (copy this link) (by Nagadota) (scraped on 2020-04-04_Sat_15.09h):
japan is the most cash heavy developed society. something like 85 per cent of transctions are cash.
it maybe means more future potential but there are other places more ready made.
There's still potential in countries where the amount of digital transactions is higher - new digital transactions in Japan will be in fiat and will only transition to Bitcoin when it's convenient - in a few years probably, and a bit longer before it's significant (if it ever is).
Important things about Japanese adoption are:
-Japan often quick to adapt/create new technology
-People have a lot of savings
-Recent government acceptance
Yes and no.
People here have huge cash savings yes. The government has given approval yes.
There are certain people here who love new tech and jump on it right away. But most people here are old and while I assume even older people here have higher adoption rates for tech overall compared to the west, there are still many many who are more traditional.
People here are really divided. Cash is king. There is still an almost complete lack of widespread payment systems beyond cash.
Every salary man keeps about $1000 in their wallet. Often places will not accept even credit cards let alone debit cards let alone the less popular and competing mobile payment systems.
Every office still has and uses fax machines. I have some business with companies who refuse to accept email or require it to be faxed as well for a paper trail.
While I do not doubt bitcoin will become more and more popular here as it becomes more available. I do not agree with all the gushing love in these forums and the media that Japan will suddenly be investing a billion dollars it will be a huge boom.
True. Adoption doesn't happen overnight, I realise that, and I also realise that people say things as if it's
the country Japan instead of some people in it.
However, trading volume with the yen has been soaring recently, which makes it reasonable to think that a lot of the price rise has come from Japan.
Very few merchants actually accept Bitcoin. The fact that it can be traded so easily with such a low amount of adoption is what makes the price a lot higher than the amount that people will ever intend to spend, but Bitcoin can be viewed as an asset as well so it's not completely to do with what Japanese merchants do, more to do with whether people buy it.
19.
Post 18944984 (copy this link) (by Nagadota) (scraped on 2020-04-04_Sat_15.09h):
Before I type what I am going to type I'd just like to mention I hodl and don't sell and I am pretty stubborn with this. I have no desire to see bitcoin drop in price at all and that won't benefit me in the slightest.
On this note I'd like to say when people talk about $10k, $100k per coin etc I worry and expect a big correction. I am sorry for saying this but we all know it can happen at anytime and it's more than likely coming soon when we least expect it.
Anyway, please continue upwards bitcoin and keep us all happy little hodlers! This is the most fun I've had in nearly 4 years being involved in this.
True. The current price levels are reasonably healthy, but when people act like they're hoping for a giant price increase really soon, they'll react too positively if we see too big a rally or a pump and then corrections will happen too quickly. The quicker the price is rising, the higher the chance of a correction IMO.
Should we expect a drop in price soon after such big increases?
Not unless it goes further. As someone pointed out in
Kwukduck's FUD thread, the price growth looks pretty steady when you use a logarithmic chart.
20.
Post 18946127 (copy this link) (by Nagadota) (scraped on 2020-04-04_Sat_15.09h):
Thanks for the detailed explanation. One more question.
If you have multiple hardware wallets with the same seed, do they all update when you perform a transaction on one of them?
Or if you have multiple copies of the seed, do the transactions travel with the seed in case your original hardware is destroyed and you have to rebuild on new hardware with the same seed??
First question: Yes, of course. It's basically the same as if you have your software wallet in multiple computers.
Second question I don't understand it well. If you want to have access to the same addresses you had you need to rebuild another device or a software wallet with the same BIP39 seed. Also, you can configure the device with a different seed if you want. And there's much more to it.... you can establish a passphrase (besides the regular pin) that depending on which one you enter it will access a different set of addresses (as if it had a different seed... plausible deniability, etc...)
Really, just buy one, it's a good thing.
Thanks again. I guess I'll have to read up on BIP39.
As long as I don't have to trust any hardware manufacturer and (or anyone else besides the Bitcoin network) and my coins are secure in the case of hardware loss, I'm all for it.
You're convinced me enough to buy one (or two) just to use as a landing place when I break one of my older multi-coin paper wallets to reassign the coins. That will give me a chance to experiment with worst-case scenarios after I've drained it of all but a few satoshis.
As you said, the cost of a Trezor is negligible compared to the coins it holds at today's prices.
You might also like to know that they (Trezor, at least) can:
1) store passwords for your web site/email/etc authentications
2) generate secure passwords for the above so you no longer need to try to remember lots of slightly different passwords for those sites
3) act as a u2f 2 factor identification device (so you don't lose access if your 2fa device is lost - unlike otp 2fa like google authenticator).
AND ... all of the above is restored whenever you initialize a new device with the seed.
The security that a TREZOR provides is absolutely priceless. The Chrome extension makes it just as convenient as an online wallet when you plug it in but it's ideal for security and comes with two seed cards as well.
They're even safe from five-dollar wrench attacks unless the person who attacks you knows your exact balance - you can set multiple additional passphrases leading to different amounts of Bitcoin so that you give away a small amount of decoy Bitcoin when asked.
Check out the
security threats page.
21.
Post 19004817 (copy this link) (by Nagadota) (scraped on 2020-04-04_Sat_15.09h):
Well the media can't win then, can they? Bastards though they are, there's no point in insulting them for not associating Bitcoin with the ransomware, when they would have been insulted a hundred times more for doing it. It's not like that exposure would have been good for Bitcoin's public image.
22.
Post 19014168 (copy this link) (by Nagadota) (scraped on 2020-04-04_Sat_15.09h):
Impressive rebound to 'normal' so fast
Kwukduck must be quaking in his boots. I'm thinking the price is headed for another rally and ATH.
Looks possible that it could just barely top $2,000 next week, and hover from $1900-2000 for a while.
23.
Post 19014495 (copy this link) (by Nagadota) (scraped on 2020-04-04_Sat_15.09h):
But it was a daily volatility of around 5-15% . At this heights, we need to get used to relate it to its percentage change and not the single dollars change. Imagine when Bitcoin prices in the several thousands.
The volatility is pretty low nowadays. Historical volatility is less
than 3%.
True, but the particular
way that it's volatile may scare a lot of weak hands and institutional investors who are used to more stable growth. The volatility may only be 2-3% (it's risen since the recent rallies from about 1.5%), but the difference is that during the day it could randomly drop $150 and then fly back up again.
The fundamentals are pretty off the rails as well and nothing is ever really predictable (Poloniex, ETFs, scaling etc).
Bitcoin volatility is kind of a self-fulfilling prophecy - people get scared of the volatility which makes them panic sell/buy, making it more volatile.
24.
Post 19027322 (copy this link) (by Nagadota) (scraped on 2020-04-04_Sat_15.09h):
Price is waiting the new ETF SEC be decided so it can continue it normal trajectory, hopefully towards the moon.
There's zero chance of that. The SEC has made their choice and outlined their reasons for it (fraud protection, "penny stock", etc).
I hope no one else has got their hopes up about that, because if they did it would cause at least a slight dip when it's rejected again.
25.
Post 19098763 (copy this link) (by Nagadota) (scraped on 2020-04-04_Sat_15.10h):
The reality is that businesses are obliviously just getting on and using non-bitcoin blockchains (= alts) for all kinds of things without any regard to those arguments.
Zero confirmation transactions are generally safe. Alt coins bring nothing new and have no advantages over Bitcoin.
-Zero confirmation transactions are not safe. They are
not safe.
-Altcoins can bring new things. It all depends on the specific altcoin. However, Bitcoin should be adaptable and it wouldn't make sense for people to jump ship as soon as there's a problem - if that happened, there'd be a new coin every week.
People who are annoyed should help contribute towards a side that they support by running the desired node, mining on a pool that supports their side, or contributing towards a UASF if they want that.
26.
Post 19111158 (copy this link) (by Nagadota) (scraped on 2020-04-04_Sat_15.10h):
there is nothing worse than the bellowing of sold-out-early bulls, they make me sick (worse than bears I think) ... roach is our best example around here, still fapping hisself about selling out and going full fiat at $600 roach?
Nobody sold out at $600. I've been buying metals from $800 - $1600 and just made 600% on litecoin too. Anything I missed in bitcoin I already made up in alts. There's really zero reason to hold BTC over LTC right now either. Whoever buys this LTC double bottom will make far more money than anyone in Bitcoin.
LTC could continue stagnating into nowhere land for all we know. I hope that is not the case, but looks like people couldn't care less about high fees and slow transactions.
That's because Bitcoin has more credibility and public image, but that only stems from being an earlier system and being the king of crypto. The good thing is that people are conservative about their money so it can stay with a high price for years, but the longer it goes without scaling, the closer it gets to falling against Litecoin or another crypto.
Every coin out there is measured against BTC
Every stock is measured against the US dollar, does that mean that you think Bitcoin can never do well?
27.
Post 19124938 (copy this link) (by Nagadota) (scraped on 2020-04-04_Sat_15.10h):
Fees are getting stupid. Just paid about 5 bucks for a transfer, as suggested by my wallet.
Wallet software fail probably. First block inclusion is at around 1.2$ right now.
https://bitcoinfees.21.co/The fastest and cheapest transaction fee is currently 270 satoshis/byte, shown in green at the top.
For the median transaction size of 226 bytes, this results in a fee of 61,020 satoshis.
Nope. Like I said, got another transfer with a buck attached that has been stuck for days. I assume that different wallets connect to different pools to maybe that could make a difference, but nonetheless this is the current reality.
It was probably oversized tx in terms of bytes (like 2-3 inputs) so the fee per byte was lower (hence lower priority).
True. It's not much to do with what fees you pay in total but what fees you pay per byte.
Still, it's not like everyone can expect to be paying the same amount they receive all the time. Imagine a future reality in which you can choose to deal in Bitcoin for most things - what would happen to people like convenience store merchants who accept a lot of small payments? They'd have to exchange their Bitcoin to fiat all the time.
28.
Post 19226298 (copy this link) (by Nagadota) (scraped on 2020-04-04_Sat_15.11h):
So Bearstamp flipped to Bullstamp now? WTF?
I'd say BTC-E and Bitfinex are bears more than Bitstamp are bulls...
GDAX/Coinbase price still high. I don't get why any whale would sell all on just a couple of exchanges, especially if they're not even working like Bitfinex.
29.
Post 19228913 (copy this link) (by Nagadota) (scraped on 2020-04-04_Sat_15.11h):
Dollar cost averaging is for people who can't see when the prices are high or low, so blindly invest regardless what the price is.
Why not save and invest at prudent moments? Like now instead of 2 days ago. 2 days ago it looked far more dangerous than it doesn now.
It still could go down from here, but it is less likely.
I bought in between $200-300 and haven't bought since.
Great advice - don't try to spread the risk. Just go on instinct. And, if possible, buy at $200.
Easy to be a wise man with hinsight.
To be fair, it was not hindsight, it was foresight.
It was you being lucky and bragging about it.
And then offering bad advice.
Buying at a time when the value of Bitcoin went way lower than it should have was hardly luck, more like basic intelligence.
Just buy the dip every time (or the crash if you get that opportunity).
30.
Post 19359147 (copy this link) (by Nagadota) (scraped on 2020-04-04_Sat_15.11h):
anyone who can't be bothered to spend thirty seconds googling deserves to have onecoin steal their money. it also has nothing to do with any real crypto market. existing laws will get them eventually.
No one deserves to have their money stolen by anyone. What you forget is that it's the scammers who usually end up gaining from this, and the scammers deserve to lose their money much more than any victim does.
Onecoin basically collapsed right at the start of the year, didn't it? If so, why is it taking so long for all these scammers to get arrested? They have quite a public presence, to say the least.
as for the ico thing. dunno.
ICOs
are being used by scammers, and there are a lot of extremely scammy looking ICOs like Ethereum.link. But I don't think they have to be - it's just a poorly regulated market. This could change completely in the coming months if the ICO hype doesn't lose its steam (pretty
big if.
31.
Post 19632793 (copy this link) (by Nagadota) (scraped on 2020-04-04_Sat_15.12h):
I noticed this recent down move started in China.
Are there any news from China? Will they allow or disable withdraws? Will PBOC ban BTC again?
Old news.
https://www.wsj.com/articles/china-bitcoin-exchanges-allowing-withdrawals-again-1496658845They're allowing withdrawals now with tighter security precautions and limits. Bitcoin trading in China is allowed, and I find it very unlikely that the PBOC would ever attempt to fully ban it.
32.
Post 19635758 (copy this link) (by Nagadota) (scraped on 2020-04-04_Sat_15.12h):
so quoting a dash website article that quotes that sirer guy who's been spouting junk for months?
got a more convincing source?
It's a shit source but this is an opinion piece rather than actual news. We should consider the arguments made instead of what source there is for the limited information they provide.
Bitcoin
is heading for at least one split if you ask me. Will that cause a price drop? Yes, in the short term. Will it cause "The Flippening"? Maybe for a little while in terms of market cap, but it won't actually matter.
I tend to regard google trends as the best indicator of "the flippening" anyway, and ETH isn't anywhere near bitcoin if you measure it that way instead.
Bullish outcome, bearish event IMO.