All posts made by Salivan in Bitcointalk.org's Wall Observer thread
1.
Post 3675791 (copy this link) (by Salivan) (scraped on 2020-04-04_Sat_11.27h):
I think we're at or approaching 1 tx a second.. so we need 7x as many were getting now before we start to worry about that.
Imagine the utopian mass adoption that's being fed to the public.
Take a small country (or a large American city) with about 15 million inhabitants, or 5 million households.
Every household will have to do groceries about each other day, so that's 2.5 million customers in supermarkets each day countrywide.
Day has 24 hours, so that's 104166 transactions per hour
= 29 transactions per second
And this is for one small country only, for only the basic needs (food), and that's already 4 times what the Bitcoin network can physically handle.
You're not going to convince me that the Bitcoin protocol will ever be able to sustain a world economy for day-to-day transactions.
Hence why I'll always be bearish, even though it's a great market to profit from atm.
Nonsense. Only a retard would think that a block-chain based currency is efficient for day-by-day purchases as grocery shopping.
As warchwoord said 1MB max block hard limit was placed BY DESIGN. The point of BTC is the universal ledger and the possibility for everyone to run a full node. It's meant to be a safe and decentralized way to store and transfer value (among other things), not to be a micro payment network competing with Visa or PayPal.
99% of BTC economy is driven by investors and speculators, what makes you think that it has to change at some point? You don't buy groceries with gold neither.
I still think that something like mirrored system based on effectively dead bitcoin address is possible. Lost coins could gain value in this mirrored universe but with different properties. thus may be useful for dust operations
2.
Post 3708890 (copy this link) (by Salivan) (scraped on 2020-04-04_Sat_11.28h):
I feel like if bitcoin can't make a strong move to the upside, it will slowly meander down over a few weeks. There's not as much buying pressure and a substantial amount more selling pressure than one week ago which is why the price has equalized for the short term. If this increasing selling trend continues we could see substantially lower prices.
I agree totally.
My guts tell my that second scenario will be most likely.
I feel so weak and sleepy in such a days
but sell of or not I will stick to my coins
3.
Post 3709010 (copy this link) (by Salivan) (scraped on 2020-04-04_Sat_11.28h):
I feel like if bitcoin can't make a strong move to the upside, it will slowly meander down over a few weeks. There's not as much buying pressure and a substantial amount more selling pressure than one week ago which is why the price has equalized for the short term. If this increasing selling trend continues we could see substantially lower prices.
I agree totally.
My guts tell my that second scenario will be most likely.
I feel so weak and sleepy in such a days
but sell of or not I will stick to my coins
FACK. where do you think the bottom will be?
700 ?
asking me?
I don't know. Rally was driven by china. I don't know mood there
but I feel that they are on the edge of capitulation at least for the moment
4.
Post 3737712 (copy this link) (by Salivan) (scraped on 2020-04-04_Sat_11.29h):
Cheers and congrats everyone! Time to move out of mom's basement
yes, indeed indeed ..
5.
Post 3849449 (copy this link) (by Salivan) (scraped on 2020-04-04_Sat_11.32h):
It seems to me that we will make some kind of time travel to the post 2011 crash world, at least for a few weeks
I would call it darwin selection phase
Despite the fact I still think that market is strong now, like it never was before
6.
Post 3850445 (copy this link) (by Salivan) (scraped on 2020-04-04_Sat_11.32h):
I invested quite heavily(life changing situation), but I will stick to my coins and take a hit. Better suffer this than lose hope
7.
Post 3851627 (copy this link) (by Salivan) (scraped on 2020-04-04_Sat_11.32h):
I am on bitcoin side so I am loosing now
but is such nice ride down
I like it
keep falling I need to buy some more coins
8.
Post 3851720 (copy this link) (by Salivan) (scraped on 2020-04-04_Sat_11.32h):
I am on bitcoin side so I am loosing now
but is such nice ride down
I like it
keep falling I need to buy some more coins
You just had an excellent opportunity to buy for less than $1000.
no I am to greedy for that, I hope fall will last little longer
It is so close to my bids
9.
Post 3851798 (copy this link) (by Salivan) (scraped on 2020-04-04_Sat_11.32h):
just panicked bought one
but I expect immense falls and immense harvest
10.
Post 3862949 (copy this link) (by Salivan) (scraped on 2020-04-04_Sat_11.33h):
life suck
I get up saw this and thought I am screwed up. I have no more fiat and I miss such opportunity. Hope they will keep it till monday
11.
Post 3863020 (copy this link) (by Salivan) (scraped on 2020-04-04_Sat_11.33h):
does anyone know if mt.gox support works on saturday.
I requested cancellation of some of my recent fiat transfers but I fear I will have to wait till monday. Please do you have any reliable info ?
12.
Post 3863196 (copy this link) (by Salivan) (scraped on 2020-04-04_Sat_11.33h):
I hate myself because I removed all my low bids in order to buy "cheap coins at 950"
life sucks ..
but the most disturbing is that gox has my fiat transfers pending all I need is to cancel them..
I feel fucked even more by this
13.
Post 3863324 (copy this link) (by Salivan) (scraped on 2020-04-04_Sat_11.33h):
I hate myself because I removed all my low bids in order to buy "cheap coins at 950"
life sucks ..
but the most disturbing is that gox has my fiat transfers pending all I need is to cancel them..
I feel fucked even more by this
Well, I am slightly disgruntled that being all fiat, I didn't place a 550 bid before I went to bed this night (I wanted to, but thought that the volatility was too high). And there you have it, could have added 40 BTC to my portfolio.
Oh, well, better luck next time. It's better not to dwell on "what ifs" in Bitcoin, or you'll go insane.
Just think about those $2 per BTC...
I am right now going insane
I need to chill out
I will go for a walk or somewhere
14.
Post 3891348 (copy this link) (by Salivan) (scraped on 2020-04-04_Sat_11.34h):
listening all those noobs make me think how fast people ( myself including ) mature in this market
15.
Post 3949297 (copy this link) (by Salivan) (scraped on 2020-04-04_Sat_11.37h):
Bitcoin, why u do this to me?
+1
again and again I have to keep my bitcoin tight during crashes, because of f*ckinf FUDs , what scary the most that some of them may became our reality
16.
Post 3949355 (copy this link) (by Salivan) (scraped on 2020-04-04_Sat_11.37h):
US guys tell us if JP Morgan patent is something relevant?
17.
Post 3949676 (copy this link) (by Salivan) (scraped on 2020-04-04_Sat_11.37h):
I wouldn't trade BTC now in any direction if my life would depend on it..
Get in, don't worry, be happy.
Not only dip your toes, get in with head and shoulder, teacup with handle, beer glass, butt and tits and everything. Edit: and your alpaca socks, iranian hand made shoes and your lamborghini.
Yeah, now is an exceptional time to get in. Last time the trend and its direction were in this level was at 11th April, noon GMT
please compare volume, then you will see that this is entirely different story.
Only FUDs can have any negative impact on market now
18.
Post 3991829 (copy this link) (by Salivan) (scraped on 2020-04-04_Sat_11.39h):
funny when market stalls on low volume I feel more and more uncomfortable
but now when crash actually happened I feel relieved
19.
Post 4007578 (copy this link) (by Salivan) (scraped on 2020-04-04_Sat_11.40h):
20.
Post 4021378 (copy this link) (by Salivan) (scraped on 2020-04-04_Sat_11.41h):
fuck we will fall hard but still I will not participate in this madness, I just have moved all my mtgox coins to cold, if anything I will buy more when time comes
21.
Post 4021855 (copy this link) (by Salivan) (scraped on 2020-04-04_Sat_11.41h):
bitcalypse unravel in full colours
I love injection of adrenaline in such doses
22.
Post 4022707 (copy this link) (by Salivan) (scraped on 2020-04-04_Sat_11.41h):
this time we are chined chinaxed ??
23.
Post 4023858 (copy this link) (by Salivan) (scraped on 2020-04-04_Sat_11.41h):
pure epicness !!
24.
Post 4026420 (copy this link) (by Salivan) (scraped on 2020-04-04_Sat_11.42h):
The stress is killing me... now i see illusions...
I was waiting for this blue thing to happened but now with china news scenario may be different
25.
Post 4027512 (copy this link) (by Salivan) (scraped on 2020-04-04_Sat_11.42h):
china!!
26.
Post 4053552 (copy this link) (by Salivan) (scraped on 2020-04-04_Sat_11.43h):
I am fucked again
I have got some money on mt.gox day after correction lowest point
Usually I panic buy in such cases but not this time
I thought to myself no I will be smarter and wait for further falls
But falls haven't happened and I end up with 0 new coins
I am angry because recently I make it wrong, waiting three days for cash and didn't buy single coin at the end, I am freaking out
27.
Post 4058904 (copy this link) (by Salivan) (scraped on 2020-04-04_Sat_11.44h):
if they (gox) have 1 million customers even 1000 bucks is toilet price
28.
Post 4160615 (copy this link) (by Salivan) (scraped on 2020-04-04_Sat_11.47h):
I have made around 130k from my 1k March investment so far and I still have some 150-200 BTC in crypto investments.
Bitcoins are dream coming true.
a bosnian telling you how much money he made... classic story hahahah, this is what I love about balkan, people will allways surpise you, no matter how long you live here you cant really understand how they think
Normally be would buy a bmw 3xx and use his shitty german accent to annoy hot girls or hang out in front of grocery stores with his mates in his sports pants like real gaaaaangstars
Wait. They do that without bitcoins or money every day.
BTW:
Not bad 130k profit in fiat with 1k investment. The price rise was 120 times @peak.
And you still have 150-200 BTC.
150-200 BTC are more than 1k Euro/USD in march 2012 could buy @ price of 8-12$
Hmmm magically you even outperformed buy and hold buy factor 2-5. Respect.
I told you, you wont convince me that you are a 16 gen Swiss no matter what, you know too much, as I know there is not much of Bosnian compared to Slovenia....
Send me 10 BTC and I'll show you my passport
Or you can visit me here and pay me the 10 BTC. Wanna bet?
You can even pay the flight with a part of this 10 BTC bet
But I don't belive you would even honor such a bet. Your kind tries to evade any responsibility. The only thing they can is causing riot, robbing and stealing.
go somewhere else with that
29.
Post 4167993 (copy this link) (by Salivan) (scraped on 2020-04-04_Sat_11.47h):
I doubt we will experience another rally at least at this point, there is still uncertainty in the market.
On the other hand this rise could be easily justified since a price was so much on "the left" from a month average, and this average price was achieved on quite decent volume.
I my opinion we will stay below $1000 at least for a month, although I hope for something more
30.
Post 4209887 (copy this link) (by Salivan) (scraped on 2020-04-04_Sat_11.48h):
I've been reading here a bit and try to follow rpietila since I think he is one of few here that really has the experience and the balls to follow his knowledge. Fwiw I think he's putting to much weight in the logarithmic trend line. I'm not sure if he is basing his bear call on other technicals but if he isn't I think it's a mistake. As of right now I'd say technicals are looking much better then they were before the dip bellow $500. I don't know why I'm posting this. Guess I want to give rpietila some support for his skills but at the same time spank him a bit if he's making this bear call only on the basis of the log trend line.
Discuss.
I have questioned his predictions and found that he has been right most of the time. I too wonder if there will come a point when the growth will stray from the trend line and never bounce down to the level he expects? He is in a great position though. He can just keep the fiat and move on if those lower prices are never reached again. Some of us, with way less BTC holdings do not necessarily want to risk our BTC holdings for that kind of game though. To be left with more fiat then BTC when we are trying to get more BTC could be a problem for some of us I believe. When it gets to the point that we are thinking about cashing out of BTC anyways, that is when it will be wise to play the market a little more. Just my thoughts.
+1
31.
Post 4214848 (copy this link) (by Salivan) (scraped on 2020-04-04_Sat_11.48h):
in days like this our fate is in miners hands
they can push market in either direction with such thin volume
hodl miners hodl
32.
Post 4267806 (copy this link) (by Salivan) (scraped on 2020-04-04_Sat_11.49h):
Volume in USD is important but number of coins traded also matters as long as supply is increased by mining.
Low volume creates condition for miners to bring price down, how strong is this pressure is completely different story, without this I see bitcoin price only rising.
For example if bitcoin survive to the next halving almost for sure there will be another rally, before next supply/demand equilibrium point will be found.
Anyway for the time being I predict that this slow price recovery will continue low volume or not, albeit we are in a post crash time sentiment is rather positive.
33.
Post 4323779 (copy this link) (by Salivan) (scraped on 2020-04-04_Sat_11.51h):
I have speculation that in order to relatively easy move entire market the way to do this is to cause some action on gox, all the rest will follow sooner or later.
What this means:
someone is driving price up by purpose and I don't really bother
34.
Post 4331808 (copy this link) (by Salivan) (scraped on 2020-04-04_Sat_11.51h):
stop with german here, go to your subforum
35.
Post 4363540 (copy this link) (by Salivan) (scraped on 2020-04-04_Sat_11.52h):
I am about to buy 7 bitcoin. It just seems like a lull before another price hike. Is anyone else waiting for a price drop?
this is the greed/fear paralysis. over and over, my friends and family express an interest to get into bitcoin, but want to wait until a price dip. then, when there is a dip, they fear a crash and don't want in. Then it hits a new ATH and they want in again...on the next dip.
funny but it seems to work this way. People want to be on safe side and have a huge gain at the same time. When I argue that it is rather rare to accommodate both features in the same investment, they look at me like I'am insane person.
36.
Post 4363746 (copy this link) (by Salivan) (scraped on 2020-04-04_Sat_11.52h):
I am about to buy 7 bitcoin. It just seems like a lull before another price hike. Is anyone else waiting for a price drop?
this is the greed/fear paralysis. over and over, my friends and family express an interest to get into bitcoin, but want to wait until a price dip. then, when there is a dip, they fear a crash and don't want in. Then it hits a new ATH and they want in again...on the next dip.
funny but it seems to work this way. People want to be on safe side and have a huge gain at the same time. When I argue that it is rather rare to accommodate both features in the same investment, they look at me like I'am insane person.
Show them the log charts. Strongly discourage them from visiting this forum. Get them to visit a Bitcoin conference.
it is not easy to inspire anybody, only very greedy individuals respond. They buy take their 10-30% profit and vanish
37.
Post 4364824 (copy this link) (by Salivan) (scraped on 2020-04-04_Sat_11.52h):
there is really something magic about $1000 price, hard to cross it for good
38.
Post 4365219 (copy this link) (by Salivan) (scraped on 2020-04-04_Sat_11.52h):
china straight down
39.
Post 4365594 (copy this link) (by Salivan) (scraped on 2020-04-04_Sat_11.52h):
Anyone knows about that new china taobao crypto ban? Could it be the cause?
no.
guys... this is what happens when we go parabolic above a trendline after a bubble. the same thing happened in April-May.
i hope all of the newer traders who were confused as to why i was unsettled by this weekends rally, and the multiple warnings of "we'll pay for this later" understand now.
we will pay ?? to hell with that, it is great show, popcorn ready
40.
Post 4485968 (copy this link) (by Salivan) (scraped on 2020-04-04_Sat_11.55h):
final capitulation approaching ??
41.
Post 4564753 (copy this link) (by Salivan) (scraped on 2020-04-04_Sat_11.56h):
my buy orders less than 1% below current price
die bitch die
42.
Post 4564895 (copy this link) (by Salivan) (scraped on 2020-04-04_Sat_11.56h):
my buy orders less than 1% below current price
die bitch die
not worth to lose your nerve, if it's less than 1% that makes you happy, just buy now.
if you buy against ask wall price will be much higher
I need to be patient, practice make the master
43.
Post 4565227 (copy this link) (by Salivan) (scraped on 2020-04-04_Sat_11.56h):
just for record
I speculate that just before 30 january we will see china driven mini rally.
I base exclusively on what I know about human mentality
44.
Post 4565234 (copy this link) (by Salivan) (scraped on 2020-04-04_Sat_11.56h):
my order fulfiled anyway
45.
Post 4627510 (copy this link) (by Salivan) (scraped on 2020-04-04_Sat_11.57h):
An exponential log chart? is this the end of the world??
No, as the chart bases on MtGox, this "exponential correction" just accounts for fiat withdrawal troubles...
Has anyone managed to get fiat out of gox. I have about 2.5k in there
had $2000 left there myself. waited over two months before I gave up, cut my losses and converted back to BTC at their outrageously inflated prices, but at least i got something. FtGox is dying running out of coins to trade. that's hwy the price is so high there. I lost close to 20%. Mark pissed away a billion dollar opportunity with that company.
I also gave up after waiting over 2 months.
They put the money back into my account at my request and I also converted back to bitcoin (at a loss), just to get the hell out of there.
Dreadful place to try getting fiat from.
heh I am more patient than others, waiting above 2 months and still have hope,
don't want to suffer 20% loss
46.
Post 4702758 (copy this link) (by Salivan) (scraped on 2020-04-04_Sat_11.58h):
I like this shape of the market, maybe this time I will grab some cheap coins
47.
Post 4703205 (copy this link) (by Salivan) (scraped on 2020-04-04_Sat_11.58h):
price will fall further we didn't touch bottom yet
but is good for us, chances to buy cheap coins and later take profit when market recovers.
I predict that we will be near ATH sooner than anyone here expect (mid , late Feb )
48.
Post 5392626 (copy this link) (by Salivan) (scraped on 2020-04-04_Sat_12.20h):
I fear that authorities will exploit mt.gox failure.As the result price will drop. As the result mainers will drop. As the result block generation time will skyracket, as the result price will drop further..
I fear this is serious, should I buy some ltc ??
49.
Post 5690772 (copy this link) (by Salivan) (scraped on 2020-04-04_Sat_12.26h):
*Patiently waiting for a Chinese Bail-in*
I had a dream last night... I was watching the Bitcoin price chart at $640 and then all of a sudden the price just started skyrocketing, it went to $1,200 and then $5,000 in minutes... Then I woke up and thought, "well that was a wishful dream."
Strange times indeed...
I had the same dream in December, didn't happened
