All posts made by tutkarz in Bitcointalk.org's Wall Observer thread
1.
Post 2679769 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.09h):
Moving steady to 80 and above. Climbing up is always difficult compares to coming down.
especially when you can fall at any time.
2.
Post 2689029 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.09h):
I hope we get some decent action/volume tonight.
All this hovering 'stability' around charted territory isn't helping progression or long term recovery, things need to get worse before they get better. The sooner they get worse the less people get burned. Help yourselves by helping bitcoin
people complain when its volatile, others complain when its not. looks like always someone will be unhappy.
3.
Post 2689118 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.09h):
I hope we get some decent action/volume tonight.
All this hovering 'stability' around charted territory isn't helping progression or long term recovery, things need to get worse before they get better. The sooner they get worse the less people get burned. Help yourselves by helping bitcoin
people complain when its volatile, others complain when its not. looks like always someone will be unhappy.
Volatility is great for a deflating bubble, a quick sharp deflation is much better for the market than a steady long slide, not only do we lose investors but recovery is so much longer. At almost all other times large volatility is really bad for bitcoin.
where bubble deflated we will know when another one will start forming but you never know if this didn't happen long time ago and now is already recovering.
4.
Post 2696595 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.09h):
Looks to me that the ball was just the right size to get stuck in the 'ball trap' at the bottom. That's some serious shit - no way it could have bounced out of there. We could be here for a very long time unless someone gives it a very big kick.
So we have situation that no more people wants to sell because they are afraid of sudden price rise. At the other hand there are a lot of people who would buy if they could (argentina for example where price is already 30-40% more than gox). Then where the price could possibly go ....
(other than up - if someone didnt understand my sarcasm)
5.
Post 2712252 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.10h):
No more Bitcoins for sale?!
Someone bought in few days like what, 50k bitcoins? Their are hanging over us like guillotine. Just put your head here and relax.
6.
Post 2712277 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.10h):
No more Bitcoins for sale?!
Someone bought in few days like what, 50k bitcoins? Their are hanging over us like guillotine.
What are you talking about?
Those were obviously bought by new users sending them immediately to their wallet.
yes, there was 1 million Chinese poor child's who bought their lucky bitcoin all at once for their pocket money
7.
Post 2712338 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.10h):
Time to buy now?
I am back to the forums because I am schocked that I missed to buy btc early enough ?
they are counting on that me thinks.
8.
Post 2713494 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.10h):
This rally left many of us scratching heads, with single large buys setting new price level, and no profit taking 'yet'.
The road ahead is steeper requiring more heavy $ while USD coming in btc decreasing substantially. I believe saturation point is not far and big boys are just waiting for buy side to fill up before dumping starts, as currently 10k sell brings us back to 85.
would you sell if you didn't think you could buy back your 10k BTC at a profit? I wouldn't.
think about it,
Flash dump the wrong way, sure you might attract some sellers to go with you, but will you convince enough sellers so that you can buy back your position without a loss? pshh. don't forget about the bulls buying into your dump as a result of the lower prices (supply/demand don't forget!), taking up your position.
i dont think they will cry much if they have 1k bitcoins more or less.
9.
Post 2713526 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.10h):
This rally left many of us scratching heads, with single large buys setting new price level, and no profit taking 'yet'.
The road ahead is steeper requiring more heavy $ while USD coming in btc decreasing substantially. I believe saturation point is not far and big boys are just waiting for buy side to fill up before dumping starts, as currently 10k sell brings us back to 85.
would you sell if you didn't think you could buy back your 10k BTC at a profit? I wouldn't.
think about it,
Flash dump the wrong way, sure you might attract some sellers to go with you, but will you convince enough sellers so that you can buy back your position without a loss? pshh. don't forget about the bulls buying into your dump as a result of the lower prices (supply/demand don't forget!), taking up your position.
i dont think they will cry much if they have 1k bitcoins more or less.
I would. The name of this game is increasing the amount of bitcoins you have in the long term. if you don't get that then you're a weak hand.
this is gambling, nobody wins 100% time.
10.
Post 2713556 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.10h):
This rally left many of us scratching heads, with single large buys setting new price level, and no profit taking 'yet'.
The road ahead is steeper requiring more heavy $ while USD coming in btc decreasing substantially. I believe saturation point is not far and big boys are just waiting for buy side to fill up before dumping starts, as currently 10k sell brings us back to 85.
would you sell if you didn't think you could buy back your 10k BTC at a profit? I wouldn't.
think about it,
Flash dump the wrong way, sure you might attract some sellers to go with you, but will you convince enough sellers so that you can buy back your position without a loss? pshh. don't forget about the bulls buying into your dump as a result of the lower prices (supply/demand don't forget!), taking up your position.
i dont think they will cry much if they have 1k bitcoins more or less.
I would. The name of this game is increasing the amount of bitcoins you have in the long term. if you don't get that then you're a weak hand.
this is gambling, nobody wins 100% time.
This is not simply gambling against chance like roulette or dice. This is controlling your risk to maximize some sort of objective, which in this realm is acquiring more bitcoins.
it is gambling because you don't know what will happen tomorrow. And everything can happen.
11.
Post 2713860 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.10h):
Hope is the prerequisite for despair.
Check out what we did in 2011 after a bounce from 5.74 to 12.1. That's more than a doubling.
to be honest im getting tired of that comparison. 2011 bubble was different than 2012 and 2013 will be different that we saw to this date. We don't even know that second bubble this year didn't started already.
12.
Post 2714230 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.10h):
If no walls get pulled - 10,000 BTC gets us up to 107 ish, or down to 86. What a disparity...
Thats why i just took some fiat profit. It will be harder to push up more after such a wild rally!
It just seems like the psychology of "up" is meeting the disparity of "lots O Sells".
If no big guys come we can't go much further up and even if they do how much room do we have?
Big guys are now waiting for asks to come up a bit than dump with 40%+ profit and see you next time to repeat.
i would do that. Some people think that if someone invested in bitcoins he is going to keep them. There is no reason for them to do this. I bet they prefer to keep their dollars.
13.
Post 2714268 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.10h):
If no walls get pulled - 10,000 BTC gets us up to 107 ish, or down to 86. What a disparity...
Thats why i just took some fiat profit. It will be harder to push up more after such a wild rally!
It just seems like the psychology of "up" is meeting the disparity of "lots O Sells".
If no big guys come we can't go much further up and even if they do how much room do we have?
Big guys are now waiting for asks to come up a bit than dump with 40%+ profit and see you next time to repeat.
i would do that. Some people think that if someone invested in bitcoins he is going to keep them. There is no reason for them to do this. I bet they prefer to keep their dollars.
"There's no reason to just keep bitcoins", hahahahaha.
Yes, you having few millions of dollars maybe would put all them in a currency that is very risky and have unknown future but maybe they wont.
14.
Post 2733066 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.10h):
No, we will escape when they lose patience and start to buy in.
You forgot the other option, which is holders get scared and start to sell out.
scared of what? Long term investment is bullish still, there is no reason to be scared.
15.
Post 2733895 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.10h):
Maybe just a little worried that not everything is in the image of 2011:
Honestly, 2011 is a vague guide, not a rule-book. There was a fundamental difference right at the start. In 2011 when the bubble began the base was just under $1, so increased over 30x to peak. But the fall was only to $10, still 10x base. So it had a long way to fall, and it did for 5 months.
In contrast, 2013 dropped straightaway to barely 3.5x the base of $13-$14. So a low was quickly tested. 2011 was the first bubble so a lot of people did not know what to expect. In 2013, everyone was looking at this prior event and obviously many people cashed out fast. If 2013 crashed only to $135 and bounced around that for a few months then the argument that the bottom had not been tested would be very sound. But this is not what happened.
not to mention in 2011 there was 2x more bitcoins produced than it is now, and way less people interested. I doubt we will be repeating 2011 post bubble, it will be more like 2012 one.
16.
Post 2734101 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.10h):
Another attack on 100... someone really wants expensive coins !
tell it to people who sold their coins after bubble in 2011 or 2012 and were in the same situation like we now ... They also did wrong decision by selling and regret now.
What if it is last chance to see double digits forever?
17.
Post 2734150 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.10h):
It looks like the big spike we had earlier today was a big buyer trying to push the price up with little success.
Its seems to me that is a whale trying to start a rally. Given the current market circumstances, there is no need to panic buy such amount of coins, why executing that market order with big slippage if you can just place your bids, or execute smallish orders while ask side builds up?
Of course there are other explanations. It could be a whale who just don't care about losing +$10k in slippage, because his pockets are so very deep. Or just a noob whale that doesn't know how this market works and is afraid to miss the train. Or he may be someone knowing that huge news will hit the world soon and there is no time to buy slowly. Or maybe he doesn't even know how to place bids on Gox, don't noobs always buy their first coins with market orders?
All the above seems unlikely to me. This market is so tiny that an individual with a relatively small amount of cash (few millions $) can become a market maker. I guess the vast majority of BTC whales never experienced the feeling of being a "whale" on grown up markets, so they like to play. The most likely objective would be to trigger some panic buying that would make $105 fall, which following TA would be a strong trend reversal indicator.
I'm not buying. The whale seems to be running low on ammo. Wait and see...
or maybe he is waiting for sellers to wear off...
18.
Post 2734229 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.10h):
I'm not buying. The whale seems to be running low on ammo. Wait and see...
There was just another crazy market order with heavy slippage.
What are they doing?!
Buy everything to $180, sell at that price at localbitcoins. Profit.
19.
Post 2734259 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.10h):
I'm not buying. The whale seems to be running low on ammo. Wait and see...
There was just another crazy market order with heavy slippage.
What are they doing?!
Other exchanges are NOT following. Buyer Beware! Price is being inflated on Gox, this can only be temporary.
they will do sooner or later.
20.
Post 2734382 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.10h):
Maybe just a little worried that not everything is in the image of 2011:
Honestly, 2011 is a vague guide, not a rule-book. There was a fundamental difference right at the start. In 2011 when the bubble began the base was just under $1, so increased over 30x to peak. But the fall was only to $10, still 10x base. So it had a long way to fall, and it did for 5 months.
In contrast, 2013 dropped straightaway to barely 3.5x the base of $13-$14. So a low was quickly tested. 2011 was the first bubble so a lot of people did not know what to expect. In 2013, everyone was looking at this prior event and obviously many people cashed out fast. If 2013 crashed only to $135 and bounced around that for a few months then the argument that the bottom had not been tested would be very sound. But this is not what happened.
not to mention in 2011 there was 2x more bitcoins produced than it is now, and way less people interested. I doubt we will be repeating 2011 post bubble, it will be more like 2012 one.
But 50% of those mined coins went to hoarders instead of today when 100% goes to miners who insta-cashout.
Like you know every one of them and know what they do
21.
Post 2754204 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.11h):
Wow, Bitstamp is actually trading in the 70s. Huge divergence there. 13% up from 7% between MtGox and Bitstamp.
When will people realize that we had very good news for the last weeks, but still the price goes down because price is driven by price action itself?
Probably the most important lesson in my view.
which gives you nothing because you cant value a good news and say this one is worth $10 in price and this $100.
22.
Post 2760403 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.11h):
Using my simple D double o D double o style, my predictions for a bottom. ;-) 40 - 50
its great but why i don't see this in a bid walls or in the news. i'm getting tired of your promises of cheap coins. Its not going to happen, trend already reversed. It will never fall below 80.
23.
Post 2760550 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.11h):
Using my simple D double o D double o style, my predictions for a bottom. ;-) 40 - 50
its great but why i don't see this in a bid walls or in the news. i'm getting tired of your promises of cheap coins. Its not going to happen, trend already reversed. It will never fall below 80.
I think you should try to see out of "black and white." As has been said before, most of us short to mid term bears are long term BIG BULLS. That includes me.
Sorry but the chart says otherwise, as do the fundamentals. Try to come up with a PE valuation for current levels.
Not spouting but I did call the top on June 20 -
https://bitcointalk.org/index.php?topic=178336.msg2535428#msg2535428 And a few other good calls along the way down. I mentioned a potential bounce of the 65 to 68 area when we were there, but couldn't pull the trigger at the bottom of a big red candle.
And most recently the above chart and this one from 2 days ago -
https://bitcointalk.org/index.php?topic=178336.msg2751229#msg2751229I say we are going lower.
And what are you talking about in the bid walls? A big seller comes along and that bid wall is gone. We have learned it in both directions, and in the last few weeks.
If you are tired and I was wrong that was one thing, but I've been right waaaaaaaay more than wrong (Just wish I played those calls but I'm a long term bull looking for a re-entry.)
What i was writing it was not personal attack at you. Too many people are trying to force others to sell their bitcoins. Cant they just enjoy price increase and their wealth in the process?
And of course your graphs can help you make decisions sometimes but they cant predict what will happen in the future especially when whale will come and buy or sell. So basically everybody here are blind and are just trying to move market to their pockets and nothing more.
24.
Post 2760643 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.11h):
Share holders won't cash in all at the same time they will lose all value.. It's gonna be slow sell
most people will use the funds to buy other stocks like AM or Cognitive. You guys are just being silly.
Fucking this. Why would you need to sell your BTC if you were invested in a stock in btc. Doesn't make any sense. Most of the BTC will just go back in their owners wallets waiting for the next investment opportunity.
I'm just wondering how MPEX will perform without its cash cow.
No one
needs to sell, but every time you exit an investment and count your money; you inevitably reassess the current situation.
We are not talking here about blind investor drones, who go about automatically reinvesting as soon as they exit a position. These are real people who will consider and analyze any new position they might take.
Maybe the current situation does not merit re-investing. Even if this true for a minority, some amount of selling was bound to be had and it did happen already. We've yet to see how much it'll be in the end..
if they will sell, they can do this anywhere not only at gox. And people tend to forget that because of what you are talking - any bitcoin from 11 millions currently available can be sold at any time and any amount. Which means that SD problem doesn't exist to me. Its natural flow of bitcoins which happens all the time. Even if someone will sell for any reason bigger amount its only a chance to buy cheaper bitcoins, nothing more. Sky is not falling.
25.
Post 2760749 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.11h):
the problem with all predictions here is that you will know when bear market will end after it will end. Not before. And because long term trend is bullish and you can lose a lot of bitcoins when you finally realise trend reversal i think that selling precious bitcoins is just foolish.
26.
Post 2761050 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.11h):
nope, one buy or not sell is not 'more trading'. Well ok, ANY BUY/SELL is one more trade, but I think we mean actual action going on. One 3k buy or sell will trigger volume. 100 30btc buys and sells will not trigger further volume
dude all im saying is that so far today's low volume in trade shows that btc is over priced. do you agree or disagree?
if bitcoin would be overpriced, then people would be selling them, don't they? If they are not doing this maybe they think that price is too low.
27.
Post 2761100 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.11h):
nope, one buy or not sell is not 'more trading'. Well ok, ANY BUY/SELL is one more trade, but I think we mean actual action going on. One 3k buy or sell will trigger volume. 100 30btc buys and sells will not trigger further volume
dude all im saying is that so far today's low volume in trade shows that btc is over priced. do you agree or disagree?
if bitcoin would be overpriced, then people would be selling them, don't they? If they are not doing this maybe they think that price is too low.
well obviously the people holding on to their coins think its under priced, but since there are few buyers compared to average wouldn't that show something? if someone suddenly needs fiat it will send the price well down, and i think this is much more likely than someone suddenly needing btc
depends. if people invested (like they should) only amount they can afford to lose, then they most of the time don't need to do this. On the other hand we have Argentina or Kenya where people need bitcoins in any amount but not always they can buy them.
28.
Post 2761657 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.11h):
interesting part is that people who are waiting for confirmation of trend reversal (which i think already happend and bubble deflated at $65) for $120 mark then they will have to buy back half the coins they could have at $65.
People here often show 2011 bubble to compare to 2013 one but they seem to don't see that no matter what, after one bubble there will be another 10 times bigger. This was the case 3 times now and will happen again. Then why one is trying to hit the bottom to buy if they can just buy now, sit, relax and enjoy the ride to the top? They will profit anyway and trying to hit bottom may as well end up in losing coins.
29.
Post 2761676 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.11h):
interesting part is that people who are waiting for confirmation of trend reversal (which i think already happend and bubble deflated at $65) for $120 mark then they will have to buy back half the coins they could have at $65.
People here often show 2011 bubble to compare to 2013 one but they seem to don't see that no matter what, after one bubble there will be another 10 times bigger. This was the case 3 times now and will happen again. Then why one is trying to hit the bottom to buy if they can just buy now, sit, relax and enjoy the ride to the top? They will profit anyway and trying to hit bottom may as well end up in losing coins.
Because having 1,000 coins is very different to having 500 coins.
Hitting the very bottom is pure luck, but buying 50% lower than you sold is quite achievable in a Bitcoin bear market.
you don't know when your bear market will end. And as i mentioned, you will be sure that it happend when it will be too late. Sure, you can short coins to get some more but to me waiting for bottom is playing against the trend.
30.
Post 2761700 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.11h):
interesting part is that people who are waiting for confirmation of trend reversal (which i think already happend and bubble deflated at $65) for $120 mark then they will have to buy back half the coins they could have at $65.
People here often show 2011 bubble to compare to 2013 one but they seem to don't see that no matter what, after one bubble there will be another 10 times bigger. This was the case 3 times now and will happen again. Then why one is trying to hit the bottom to buy if they can just buy now, sit, relax and enjoy the ride to the top? They will profit anyway and trying to hit bottom may as well end up in losing coins.
Doesn't everyone want to maximise their wealth?
If you can buy at $50, rather than $100, you are going to have double the wealth/Bitcoins, no matter what the price ends up being.
That doesn't mean everyone has to buy/sell. You should do what feels best for you.
of course they want to maximise profits but the problem i am pointing to is that nobody know when bear market will end. There is no chart who will tell you this. All i read here is just pure wishes.
31.
Post 2761734 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.11h):
interesting part is that people who are waiting for confirmation of trend reversal (which i think already happend and bubble deflated at $65) for $120 mark then they will have to buy back half the coins they could have at $65.
People here often show 2011 bubble to compare to 2013 one but they seem to don't see that no matter what, after one bubble there will be another 10 times bigger. This was the case 3 times now and will happen again. Then why one is trying to hit the bottom to buy if they can just buy now, sit, relax and enjoy the ride to the top? They will profit anyway and trying to hit bottom may as well end up in losing coins.
Doesn't everyone want to maximise their wealth?
If you can buy at $50, rather than $100, you are going to have double the wealth/Bitcoins, no matter what the price ends up being.
That doesn't mean everyone has to buy/sell. You should do what feels best for you.
of course they want to maximise profits but the problem i am pointing to is that nobody know when bear market will end. There is no chart who will tell you this. All i read here is just pure wishes.
People selling their last bitcoin to get out of the 'scheme' screaming how much they have lost will be a good indicator.
if this will happen. There is also 50% chance people will be hitting wall with their heads because they didn't bought and the price for some reason sky rocketed. There is plenty of reasons in the world to make it happen. And there are people who bought pizza for 10000 bitcoins and now are pretending that's ok for them ...
32.
Post 2761881 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.11h):
If everybody had both your mentalities, the price would inflate beyond recognition and the whole experiment would hyper-deflate into oblivion. Yes you would be rich. Congratulations at your profits. But the use of bitcoins for what it is designed for would be lost. If people were not willing to sell 10'000 bitcoins for two pizzas we would not be here today.
not true. high bitcoin price is vital for its health. In the end 100 satoshi (or 1 XBT) should be worth $1 if this experiment would be successful.
33.
Post 2778541 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.11h):
I think these figures reflect the ASICs reduced decentralisation situation rather than decreased interest in bitcoin.
Number of nodes has nothing to do with mining.
These numbers show definitely, that interest is decreasing.
Or maybe people are waiting for they investment to pay out or services will come on line where they will be able to spend their bitcoins. That does not mean everybody will run to exchanges and sell everything they have.
34.
Post 2779057 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.11h):
Looks like that, half of the people waiting for cheap coins and another half waiting for price to rise. But its ok i guess. I think the more we wait the less chance for cheap coins.
35.
Post 2781944 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.11h):
When MtGox finally goes down and Bitcoin is used as it was meant to be, what would you guys do?
I don't know what to tell you more than i'm creating a game where you will be able to earn bitcoins by playing. And i'm not going to accept any other currencies. Which means i don't know how to respond you because what you are speaking is totally irrelevant to me. But maybe i didn't understand what you mean by "used as it was meant to be".
36.
Post 2785821 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.11h):
someone is laughing at single digit believers. And me too
37.
Post 2785862 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.11h):
someone is laughing at single digit believers. And me too
BTC velocity would have to drastically increase for single digits to be viable at this stage, IMO. At single digits, the available BTC wouldn't store enough value to be able to support payments. This is the reason you can effectively ignore the single digit argument -- Bitcoin would have to completely fail as a payment medium, or all the speculators would have to go away, in order for us to get there.
i know, but its good you said this because people tend to froget about this or maybe still don't understand.
I wonder also how long it would be for double digits to be gone for good. Maybe it's not that far away considering new and new entities starting to accept bitcoin each day.
38.
Post 2785951 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.11h):
When I see the 1k and 600 wall moving around I try to imagine what that guy is thinking. Obviously he is really rich, and he also don't really understand what he is doing. It's nice to know that one loaded guy is starting to get interested in bitcoins. After playing around, reading around and trying to convince his friend, who knows what crazy ideas he might get and might buy for much much more than 1600BTC...
first whale who will get in earn the most ...
39.
Post 2787570 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.11h):
Exactly my thinking... why would someone sell on stamp for $83 instead at gox for 94$ (13% lower). There is some strange info we don't know yet about.
This reminds me of a priest who was paid not long ago $2.5m for moving $10m to another country. 13% is cheap if you consider this.
40.
Post 2807780 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.11h):
interesting part is that people who push now to sell bitcoins will want to buy back them later no matter what price will be because there is only so much of them in the world ... i'm not going to give mine any time soon.
41.
Post 2849151 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.12h):
I'll just leave this here:
i never understood why people believe that bitcoin price is a bubble in the first place and not normal price fluctuations in a free and unregulated market. Especially after 2011 so called "bubble" when no one know what will happen next and now we know that bitcoin wont simply die next day.
I and I think many others just bought bitcoins, keep them in safe place, and remain optimistic because we believe its good concept and worth investing. Where is bubble in that?
42.
Post 2991682 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.14h):
arbitrage can make people to change their mind and cause crash thats why i think its stupid and selfish which in the long run will hurt everybody.
43.
Post 2991745 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.14h):
Arbitrage is stupid and selfish? Arbitrage is good money, how is that stupid? You really think that is better to have +20% spreads between exchanges?
That's beyond retarded.
if people are looking at mtgox price and you will arbitrage it with big amounts of btc, you will crash the price and people might panic. maybe you will earn some money but you also would earn money by just buying bitcoins cheaper and holding them while waiting for the price to rise even more which could not happend if you sell. first case is profit only for you, second case is profit for everybody holding bitcoins.
i know this for a fact, if price of bitcoin is stable and slowly rising, at my local exchange there is more and more people wanting to invest in btc, but when the price is falling, there is much more sellers than buyers which makes me think, that bigger price is better for everybody who wants bitcoin to succeed. so maybe some of you will consider this while having fun making your small profit and think about everybody.
44.
Post 3086507 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.15h):
and without fail when the forum turns euphoric 1000$+ etc the dumping begins
I personally lost my profits of the past few weeks but hey, you bet sometimes and you lose.
it is why im not selling bitcoins anymore, and i'm no longer daytrading. i don't care if i will have them 100 or 200, if bitcoin will succeed, i will be rich anyway.
45.
Post 3086845 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.15h):
I got burned too last night (was on a date and couldn't really respond to alerts, watched in horror as price plummeted on my iphone notification centre while kissing this girl at a bar, my hands were full and I wanted to do a market sell at 138. Lost a few hundred dollars in that respect and dropped an extra hundred on this date so last night was an expensive one for me but worth it
I realllly think this is not a fair valuation for BTC..
it should be much lower, fact is price is simply a function of coins available just on gox and not representative of the ones floating out there at any time and is a very small subset of whats out there just this order book being manipulated by whales i mean come on, liquidity problems at gox, how is this a sound market
I love BTC but I think there will be a period of price spikes / dumps for quite a while which strictly speaking in terms of distributing more coins is a good thing, but burning speculators / new comers is a bad thing. BTC price reminds me of chasing a mouse around the living room trying to catch it sometimes.
i really hate when people say that bitcoin price is too high. Bitcoin is a service too and everyone in the world can use it at any time. Sure not much people are using it right now considering how big population is but it doesn't mean they wont use it tomorrow. Banks are not used everyday by everyone too. That's why i would never say that price is too high or too low. It is what it is and considering potential price it's and will be always low.
46.
Post 3127896 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.15h):
something is happening!!!! Look at this
[...]
Wow!
Below is my hypothesis / speculation (nothing more than a speculation of an old man) from yesterday of what I though MIGHT be possible today / tomorrow. I put my buy order aggressively low.
We'll see what happens if Gox's feed works again
Sliding down... tell me Loozik isn't right... Again
... and then comes big buy when most people on the forums expecting something like this.
47.
Post 3312757 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.17h):
In retrospect it seems obvious, but back then, the most optimistic talked prices around 4$ (we got to 7$ in what, two months?) . Anyone posting suggestions of 100-200$ was just like the guys now, talking about 10,000$ in 2015.
Its easier to go from $10 to $100 then from $100 to $1000.
It needs much more volume.
if economy is right then its not the problem. And as we know more and more new services start every day.
48.
Post 3336357 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.17h):
and again someone is trying hard to keep price low. I wonder what for they are doing this and loosing money in the process (considering bitcoin price will go up for some time more)
49.
Post 3354806 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.17h):
This is for all accounts or this particular one? Because if it is for all that could mean they are preparing to take some money from people accounts.
50.
Post 3354847 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.17h):
This is for all accounts or this particular one? Because if it is for all that could mean they are preparing to take some money from people accounts.
yep, does Cyprus ring a bell.
This is funny, banks are afraid of bitcoin but at the same time they are doing everything to force people to use them.
51.
Post 3378435 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.18h):
The real capitulation is still ahead. There will be wailing and gnashing of teeth. Fortunes will be lost, lives of many will be ruined. You are blinded by greed and live in a world of imagination. The downfall is imminent.
you are talking about fiat money, right?
52.
Post 3378542 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.18h):
there is so many ways government can take your dollars by hyperinflation, by taxation and others. I will stick with bitcoin even if it crashes. For a while.
53.
Post 3394240 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.18h):
Chinese people buy in chinese exchanges and then western people who are already familiar with the bitcoin buy in example bitstamp. Normal western people are not yet interested (google trends) but when we break ATH they will be and then everybody just BUY BUY BUY =D
It's also possible everyone who wanted to learn about bitcoin already did that back in april, and when it does hit the media those people will be like "meh, again? I'm not falling for this again!".
Those people buy when we break $500 and then they sell at the next correction bottom.
this ... is exactly why most people will not touch bitcoin with a 10 foot pole... only a few suckers will do this, and btc will get a bad reputation- it is actually pretty bad already among the normal people...
ask anyone who is a CFO or accountant if they think any large business would want to use a currency that fluctuates by 50% in any given week, and has an ultra thin market.
when people will realize that increase in bitcoin price was not a bubble but normal market fluctuations, they will come back, especially when banks will introduce new limitations or fees for their services. Not to mention bail ins and outs.
As for the second sentence, you didn't expected new currency to be introduced with full market first day of it's existence?
54.
Post 3556882 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.22h):
I just had a bit of a "holy shit" moment.
Bitcoin will break China's control over CNY outflows.
It is very hard to get CNY out of China - the cap is 50k CNY per Chinese citizen per year. This is a big reason why there is a huge arb between USD and CNY Bitcoin exchanges: Westerners can't just wire yuan out of the country. However, as this bubble settles down and the arbitrage market does its thing, more and more individuals in China will cash in on their 50k CNY limit, since it is an easy profit opportunity. They will wire their money to Western exchanges, buy bitcoins there, and sell them domestically. The Chinese markets will drift closer in price to the Western markets.
This means you will be able to move money in and out of China freely, by buying bitcoins on one end and selling them on the other. Chinese citizens will act in rational self-interest to effectively "sell" their 50k CNY export limits.
If wealthy Chinese people would like to buy lots of expensive things directly from the West... now they can, by purchasing the import limits of others by proxy.
Of course, China will not like this.
You can't stop people selling bitcoins, how can you? They will just sell it under different names in their online shops if you try to crack down.
I was also worried when people were selling bitcoins and wanted to convince them so they stop. But now I'm not worried any more. They want to sell? Let them. The true value of bitcoin is rising anyway because of ever bigger infrastructure that is created every day. Which means, the price will be higher no matter what and should not come from holding coins in pockets. Just be patient and don't sell your coins if you need some profit that way but still I much more prefer to simply create my own site that accepts bitcoin instead of speculation or holding. It benefit's everyone that way.
55.
Post 3876366 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.34h):
are they selling to their own walls to force people to give up their bitcoins to them?
56.
Post 3876877 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.34h):
is there a limit for fiat withdraws on mtgox like $10000 per day? If someone wants to sell that many bitcoins and sit there on fiat without a way to get them out then he is really stupid or I am missing something.
57.
Post 3876907 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.34h):
5400 of 5500 BTC's traded last 45 mins have been in CNY according to fiatleak, looks like everyone is just waiting for a sign from the Chinese before the race starts up or down.
and Chinese are confused about mtgox price
58.
Post 3878402 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.34h):
Last chance to sell at 700+ guys, better go for it...
stop spreading FUD, if there would be any reason for bear market, then gox would still have highest price but it is actually lowest.
59.
Post 3878486 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.34h):
China still not giving a fuck and up over 10%. You guys go ahead and sell.
They were ahead by 10% for almost the entire rally. I don't think it means anything either way.
What I do think means something is the huge walls near $650. Gonna be tough to break through those, assuming they don't retreat.
They have way higher volume and are still 10% higher, that means nothing to you? It means a lot to me. They are anchoring the market.
I hope they will ignore gox sooner or later and take their own way.
60.
Post 3879542 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.34h):
it's not good that someone is playing with the market but at last he is playing against it and letting other people to stock up cheap bitcoin's which means that person wont see them again. Not for that price anyway.
61.
Post 3881220 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.34h):
why are normal people (not manipulators) still selling on gox at this price???
they don't know they are manipulated.
62.
Post 3918675 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.36h):
Even if people hoard in order to further their wealth, they will still have to eventually buy something with their money, or the furthering of their wealth was all in vain (diving in a McDucky sea of physical bitcoin aside). So money will still be spent, except it can be spent when people want to spend it, with no outside pressure.
They would use old inflationary dollars to buy things, and hoard the deflationary bitcoins. Thus if the material value of a bitcoin keeps growing, bitcoins will be used only where they are absolutely needed. If the value keeps decreasing, the total value of bitcoins will decrease too, and soon they will not be enough for trade. The conclusion seems to be that the value of a bitcoin must/will remain constant It also seems that they will only account for a small fraction of all trade.
they will buy things using bitcoins to get better prices and buy them back at the exchange.
63.
Post 3919038 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.36h):
Haha what a fuck I hate it. Sold @780, bought back @890 and now we going down...
never listen to this pseudo experts in this forum, simply look where price was, where is now and where it will probably be in the future when bitcoin will be more popular and stop worrying.
64.
Post 3919755 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.36h):
I think we are just consolidating at $1000, the price swings will be less and less until we go up again later (maybe new year).
65.
Post 3919778 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.36h):
it really pisses me off the dump scheme some manipulators are following, the only victims here are the newcomers which we call the weak hands, being not used yet to the bitcoin's volatility, they can lose allot in aa minute because of fear which will automatically discourage further investing and strength the troll about bitcoin value.
if I had 20,000 BTC and even if I wanted to go all FIAT I would do it in a way that it wouldn't effect the price even if took me 1 month to cash out, but these people in purpose dump few thousands of Bitcoin so they get to buy a sum at a lower price and cash a sum to FIAT.....
Welcome to the real world. Greed is good, is the mantra of the super rich who feed off the financially vulnerable.
Here's an interesting video from a guy who ran a hedge fund, and in his playing field there were REGULATIONS!
https://www.youtube.com/watch?v=GOS8QgAQO-kgreed is not good, it is causing like 75% of bad things in the world (another 25% are just morons).
66.
Post 3919955 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.36h):
it really pisses me off the dump scheme some manipulators are following, the only victims here are the newcomers which we call the weak hands, being not used yet to the bitcoin's volatility, they can lose allot in aa minute because of fear which will automatically discourage further investing and strength the troll about bitcoin value.
if I had 20,000 BTC and even if I wanted to go all FIAT I would do it in a way that it wouldn't effect the price even if took me 1 month to cash out, but these people in purpose dump few thousands of Bitcoin so they get to buy a sum at a lower price and cash a sum to FIAT.....
Welcome to the real world. Greed is good, is the mantra of the super rich who feed off the financially vulnerable.
Here's an interesting video from a guy who ran a hedge fund, and in his playing field there were REGULATIONS!
https://www.youtube.com/watch?v=GOS8QgAQO-k.
Dude please, save your tears for a world that cares. Just remember bitcoins a part of it and no amount of good will is going to stop it from being another asset exploited to make the rich get richer.
Look at recent bloomberg movies 12 days on bitcoin or something like that. Reporter is excited about bitcoin movement because not everyone here is just to grab as much money as they can like at wall street for example. And I am happy with that.
67.
Post 3920169 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.36h):
It's going down people, no need for denial
Yeah, whatever. Nobody's getting my coins.
Wait till fear sets in and makes you and me and someone else want to defrost their cold storage...
what for? in few months you will regret this anyway.
68.
Post 3922558 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.36h):
listen to him and say good bye to most of your coins, when you will have to buy back them later for $1200. If you don't believe me, check older threads in this forum it is filled with such unfulfilled promises.
69.
Post 3923233 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.36h):
This is what I'm thinking. Possibly test $400.
why so much, lets test $0.4, I can buy all you have then. You don't have any? Pity.
70.
Post 3937776 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.36h):
GOX Eu will test 416 Euro soon...
Time to unload coins @ 620-660 Euro. Better safe then sorry.
which means we are going up. good.
71.
Post 3945920 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.37h):
I just woke up, what a nice smell of slaughtered bears in the morning
And to answer people who got caught again: wise man just holds.
72.
Post 3946379 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.37h):
see you guys at 300?
so you are leaving us forever? good luck then.
73.
Post 3946693 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.37h):
my only hope is that governments will be busy with other things and this time won't disturb our intergalactic flight.
74.
Post 3946851 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.37h):
I have been saying, but it seems to be too hard to understand to some of traders here... (seleme and nemo to name a few)
If you are trading bitcoins, one good approach is that you normally have 100% BTC (from your invested fiat) and if something happens like big up or down then you should have a clear plan what to do, short-term future becomes a lot more easy to predict when these major spikes appear first.
Forget about how much USD you have short-term, focus only to get more BTC, because longest trend is UP UP UP.
I have noticed that my biggest loses (BTC) come when I'm holding USD and waiting too long. Don't wait that the price falls.
Make a plan and stick to it when something happens.
This will get you with more fiat and more btc.
Lol, what do you think I am doing my trading for but to get more BTC.
I will never get more BTC just looking it going up, up and up.
this is something that I can't wrap my head around. Isn't it enough that your bitcoins gain thousands of percent per year? I have few bitcoins and I'm happy with that, they will be worth a lot anyway if bitcoin will succeed. Why many of you have to have moar and moar bitcoins instead of just increase in value? When you speculate you are making volatile market and hurting bitcoin economy which is bad for all...
75.
Post 3947824 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.37h):
to be accurate you should include results in other languages too like China, Argentina (Spain basically) and India.
76.
Post 3947914 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.37h):
they have to protect us so we won't get too rich too fast. We are allowed to gain amount equal or less to inflation.
77.
Post 3948088 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.37h):
Consumer protection, always. "We scare you, we protect you, oppose and we will crush you. The real question is, is bitcoin a risk for
us?. Screw the public."
They have studied it for 3 months. That should be enough to "get it". They, as individuals, are probably now in load-up mode with borrowed money. 150 % BTC, -50 % fiat is the goal.
It has powers to ban them?
after USA de legalisation of gold in 1930 nothing can surprise me.
78.
Post 3948192 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.37h):
Who gives a rat's ass what they will do? When they oppose we will fight back. New kid in town always wins.
I hope we will win eventually but the problem is that if they disallow to use crypto currencies, then the price will dive down hard because we won't be able to count on merchant adoption. But still I think that in 3rd world countries bitcoin will be going stronger and in the end we will go back to it as we did with gold. Especially when this whole bs with current financial system will collapse.
79.
Post 3948388 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.37h):
What does the cup and handle suppose to signify?
dark side of the moon
80.
Post 3948557 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.37h):
I don't know about you but I have impression that while we are talking here someone is slowly buying all the coins. That would explain why you can't see price drops you are hoping for.
81.
Post 3955071 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.37h):
I will tell you ultimate truth: anything can happen
82.
Post 3960895 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.37h):
I don't understand how some people are expecting the price to drop when we have more and more news such as this
http://bitcoinowl.com/cointap-brings-bitcoin-walmarts-and-7-elevens and there will be more to come in the next year.
83.
Post 3960994 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.37h):
84.
Post 3961065 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.37h):
this is funny how you are trying hard to apply stock rules to bitcoin. When people will start using similar services there will be no bitcoins left.
85.
Post 3963057 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.38h):
Stressing because your attempt failed and your wall is getting eaten?
Thanks for the 850$ coins!
You are welcome.
SELL SELL SELL!!!
thx for the advice, I'm going to buy even more now.
86.
Post 3963330 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.38h):
you can try to make quick coins on this consolidation we have currently but I will simply wait for this to grow up next year. I have patience.
http://www.venturescanner.com/scans/bitcoin And btw this is where smart money goes, not buying bitcoins directly and gamble them on the exchange but by creating services which allows other people to buy much much more than you ever possibly could.
87.
Post 3963863 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.38h):
you can try to make quick coins on this consolidation we have currently but I will simply wait for this to grow up next year. I have patience.
http://www.venturescanner.com/scans/bitcoin And btw this is where smart money goes, not buying bitcoins directly and gamble them on the exchange but by creating services which allows other people to buy much much more than you ever possibly could.
We'll I'd agree that trying to play these smaller trend movements like tonight sucks and theres not a whole lot of money there at all. However, during the REAL movements like during a flashcrash or during one the wild corrections of a bubble rally, you can easily double or triple your coins in a day.
or lose half of them waiting for something that wont happen. No thx, besides I'm not going to increase big enough volatility even more. I came here to check what people think about current price and what I read is good enough for me to buy now and not wait longer. Of course China is in bear market now but gox stopped their bubble from popping, I think it will keep the price even longer when everyone will calm down after recent Chinese news.
Chinese people did a lot of good to us because they increased awareness in western countries about bitcoin, now it is our turn to take it to higher levels.
88.
Post 3973525 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.38h):
What makes you think that holding is not speculating?
Certainly is speculation.
The buy and hold crowd seem to missed half of the equation. I see it something like this:
Buy + Hold until {event} then {action} = {result}
better all people buy and sell constantly so we have swings from $1 to $1000 daily. Merchants surely will love that.
89.
Post 3973603 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.38h):
... Merchants surely will love that.
If everyone buys and holds then merchants don't get any coins at all. Someone has to buy and sell or there is no currency. If you look at the current state of xbt you will likely conclude that it behaves more as a commodity than a currency. My opinion, your mileage may vary.
Guess you don't understand why bitcoin have to have high price (and stable) so it's economy can function, do you?
90.
Post 3973890 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.38h):
Guess you don't understand why bitcoin have to have high price (and stable) so it's economy can function, do you?
It is apparent that our views are different. My belief on the economy of bitcoin relates to the value of the underlying protocol, not the miners reward that we are trading here.
I won't change your mind, you won't change mine, so let's agree to hold this type of argument somewhere else besides in the speculation thread. OK?
First of all this topic has a lot common things with speculation because people are speculating not even knowing how they are hurting themselves in the process.
Second, I was not referring to miners but merchants.
Compare two scenarios:
1. Stable growth of bitcoin price, when people are buying and holding bitcoins and who needs to sell, he is doing only this. People are spending they coins when they can.
2. People are trying hard to move the price in all directions to grab as many bitcoins or money from others not doing anything constructive.
To prove I'm right look at this: bitcoin price $1 and media barely mentions about something geeks created, $100 media is more interested, $1000 beginning of mentioning about Wall Street investing, $10000 Wall Street here. Do you see what I mean? Higher price is better for everyone and you don't need to even gamble to be rewarded for helping community.
91.
Post 3989940 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.38h):
Whoever made the move - put that 870 wall in to put a little lid on it...
A few coins to take the world markets down this much is cheap for a manipulator.
But the market is way bigger than this move.
People will not want to sell at much below here, but they will want to buy.
HOLD.
good advice, price my jump back fast
92.
Post 3989974 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.38h):
If no bank and payment institutions can provide services to BTCChina, how could people freely trade BTC as virtual commodity on the exchanges? That does not make sense to me.
we have to figure this one out anyway because banks are not going to help us grow forever.
93.
Post 3990197 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.38h):
you should also remember mtgox, what will happen when you cant withdraw money from exchange eh? Sounds familiar?
94.
Post 3990327 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.38h):
you should also remember mtgox, what will happen when you cant withdraw money from exchange eh? Sounds familiar?
what happened? I wasn't around for that drama...
people will be buying bitcoins as it would be the only way to exit exchange.
95.
Post 3995507 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.39h):
we may re-bounce back a bit higher, more bids will gather up and another dump will follow, this will keep happening until we come around 550, than we will see what will happen.
+1
-1
96.
Post 3996970 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.39h):
If I were chinese I would buy the BTC, withdraw, and then sell OTC, since there won't be any other ways for getting BTC for chinese people in the future.
Who is going to buy your BTC? It's not like they can give you a crappy rate and turn around and sell them on the exchanges, can they? We were silly to be so gung how about China in the first place.
they can sell them in Japan for example and start there normal life
97.
Post 4005657 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.40h):
98.
Post 4007655 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.40h):
I don't know who should be worried about 3rd party institutions, shouldn't bitcoin replace them anyway?
99.
Post 4008329 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.40h):
we should let China drop to $1 then buy them back
100.
Post 4009040 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.40h):
I can't make memes at work. Imagine usual meme of scared face. Text below.
WHAT IF
(meme)
RPIETILA WAS RIGHT?
he was very lucky or somehow he knew what will happen in china days before we did.
101.
Post 4010791 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.40h):
Virtual valuta can be used for criminal activities
it's just like saying feel free to do criminal stuff with this, we are not going to make you any trouble
102.
Post 4012314 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.40h):
Anyone else sit here on this forum wondering what the fuck they are doing?
they are trying to manipulate others to get their coins but the problem is when they will get them and will wait for price to increase others will do the same and it will be over and over again until they grow up or lost everything.
103.
Post 4023024 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.41h):
guess Chinese people don't understand that disabled exchanges will mean price will sky rocket for bitcoin because there will be no easy way to buy them. And they will need them to move wealth out of the country.
104.
Post 4072433 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.44h):
I feel bad that there is so much juicy fiat in Mt.Gox at good terms (640), but it takes 1 hour to get the coins there and it sure is gone before that clears
are you actually trying to buy coins at these prices? Because it sounds weird to me that you would publicly post your strategy. I would expect that whales do the opposite to what they say.
105.
Post 4072635 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.44h):
Also, why would Rpietila put extra selling pressure on Gox, while waiting for his BTC to be confirmed?
I was this in mind when I was asking my question, I just don't understand why Loaded would inform others that he is going to large buy for his client, in order to make price even higher before he will buy? I don't get it
106.
Post 4074874 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.44h):
I don't understand how are you expecting dumps with such walls.
107.
Post 4074897 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.44h):
I don't understand how are you expecting dumps with such walls.
Could be a fake
no sell offers is fake also? To me it looks like nobody wants to sell any more for that price.
108.
Post 4075801 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.45h):
I wish you luck with buying back but I doubt we will go lower. If not at weekend, then when? Besides what if Chinese will realise that it is last chance for them to buy bitcoins before they will go underground and pay more for them?
109.
Post 4076350 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.45h):
We had bad news from China but also good and very good news from all over the world. That's why I really doubt we will be going lower.
110.
Post 4078211 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.45h):
Where's all the bulls from this morning? They're about to get burned.
I'm a bull because only not very smart people would be bears in deflationary currency and new technology which is in early stage of adoption. And I'm FAR from burned.
111.
Post 4086957 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.45h):
Sell at 650, and buy back at 450 => 44% more coins.
Sell at 650, and stop-loss buy at 1170 => 44% less coins.
So if you estimate that the pullback has any greater than 50% probability to happen, you should sell a part of your holdings. Simple as that.
you should add to the equation that by forcing price down, all your remaining coins are worth less and it will take longer for them to recover. To me it's not worth it especially from merchant's point of view.
112.
Post 4088863 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.45h):
People are starting to suffer from 'Waiting for Teh Dump fatigue'. When wait for dump fatigue is strong enough, dump will happen. Law of the universe.
People who are expecting dump sold already. Only people who are holding left and they (me included) are not going to sell, especially for such low price.
113.
Post 4121192 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.46h):
logarithmic scale is not widely used, its not so important, but neither is gox
I dont care about wide or not wide usage of logscale. And the market don't care about your usage or not usage of a logscale.
It just works. You should use a logscale if the price fluctuates like this. That's all.
for TA to work its important that many will look at charts and based their trades to those charts, TA is self fulfilling shit so its important to keep it KISS
and many don't follow TA and it is what I really like about bitcoin price. Because you still have 33% chances now that we will simply go sideways for some days. (and 33% for up 33% for down).
114.
Post 4122708 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.46h):
To the moon, again
all the TA believers will be caught with their pants down. Or rather fiat in hand
115.
Post 4150077 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.46h):
(hodling is nothing).
Holding isn't nothing. It's the only thing!
Yeah.. Hoarding and creating a supply shortage is very good. It really helps in the long term. NOT!
if you think that hoarding is bad, then I think you should give away not only all crypto but all fiat money too. maybe then you will understand what you don't get so far.
116.
Post 4153424 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.46h):
do you mean "appears impossible to me"?
No, to any sane person.
Obvious pump and dump is obvious.
Chinese whales/insiders will have the last laugh.
you call yourself sane but yet you are speculating against long up trend in deflationary currency which is in early phase of adoption. How sane is that?
117.
Post 4156984 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.46h):
Ugh bitcoin is a cruel beast. I should have bought while I had the chance!
It's time to hodl as long as possible.
more and more people are learning this simple truth ...
118.
Post 4157070 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.46h):
more and more people are learning this simple truth ...
The hodlers haven't been truly tested yet, the big test will come in January.
sure, if the price will be $5000 I might consider selling like 0.1%
119.
Post 4201827 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.48h):
Meanwhile I feel I want to divulge some trading from Gox. This account was freshly activated in 13.12. and not used for arbitrage, so it reveals some of my actual trading skill:
SELL-1 13.-16.12. -379,997 342 097,075 900,26
BUY-1 17.-18.12. 554,946 -323 856,498 583,58 -0,351765657
SELL-2 19.-26.12. -972,091 713 878,256 734,37 0,258391254
These are the totals/averages. Given the conditions in the buyback phase BUY-1, I think 584 was a reasonable price, resulting in 50% increase of coins. I bought all the way down and my lowest bids were not hit (hence only 324k invested of the 342k sold). The SELL-2 is now a little underwater but I am prepared to sell more, in fact I did sell 200 at an average 815 a couple days ago.
How are the others doing (in the light of figures, not feelings
)?
enjoy your gains but still you can lose all of that when new whale will come in to the town.
120.
Post 4285324 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.50h):
I don't understand why price would fall because when we compare this bubble to April one there was no news back then. Now we have plenty. Not to mention how many businesses are accepting bitcoins (which are taken from the speculative market). I even found a portal when you can buy food in Poland that allows orders from around 2500 restaurants in Poland (I don't know if it was already mentioned
http://pizzaportal.pl/)
121.
Post 4332146 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.51h):
so you say that price is that high and here are still many people who want to buy back? Interesting. My advise is wait for $5k and buy back when it crashes to $4.5k.
122.
Post 4387763 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.53h):
Please excuse my insistence, but keep in mind that there are (by my estimates from the charts) somewhere between 50,000 and 300,000 bitcoins out there that were last bought in late nov/2013 at 950 USD or more.
Many of the owners of those coins must be speculators that were attracted by the fast and steady rise in price. (True believers presumably bought all they could much earlier.)
Being speculators rather than believers, they must now be looking for a way out of this unpredictable and unregulated roller coaster without losing much money.
Therefore, those owners must be waiting for the price (and enough bids) to get back to the 1000 USD level to sell their thousands of coins. (There is no reason to assume that the asks in the exchanges' books represent the true volume of coins that will be sold at those prices).
Therefore I expect the price to wander at or below that mark for quite a while. Note that the suckers new investors who will buy those coins will be in the same situation.
What makes you think that new people are here only for profit and not to support great idea which bitcoin is.
123.
Post 4405839 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.53h):
If I were a big BTC holder (like the winklevoss), I would set up a miningfarm just to balance this shit out a bit, It might even turn a profit, if not, it least it protects the network.
Not only this, everyone could buy one simple usb miner and join for example p2p network. That would work too.
124.
Post 4502652 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.55h):
Wish Bitstamp starts catching up to Gox.
they will, when China situation will be more clear.
125.
Post 4522670 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_11.55h):
I don't like this whole, "Bitcoin has risk" thing that China likes to do. Seems like its just foreshadowing, "We're gonna crash the price".
It has risks because people don't know what governments will come up with in regards to it, so it's governments that are causing that risk and at the same time they are warning others about it... No logic to me.
126.
Post 10256954 (copy this link) (by tutkarz) (scraped on 2020-04-04_Sat_13.52h):
A pull back to $sub-240 is not only plausible but also healthy. I think we will test $240 today.
Sorry but there is nothing healthy in falling price, especially in bitcoin world where price is vital for its expansion. Only healthy thing would be stable growth, not volatile prices like now but ofcourse that would be not fun so nobody is interested (except people who are actually doing something useful for bitcoin economy).
