Topic: It's over for the shills and bears - BTC market cap about to explode - page 3. (Read 6487 times)

Besides Eth's other issues, just wrote a post on that subject that's relevant to all proof of stake systems:

So many fallacies. Where to start. How about your claim that since there were only 6 million coins in existence, the future peak of $1100+ couldn't have been priced in. But we have known since the beginning of Bitcoin that there would be a hard limit of 21 million. Yet when it comes to the supply halving you speak about that as already being priced in. Can't have it both ways whether you call it speculatively driven or something else. Preexisting knowledge does not mean the market has already priced something in, and most certainly not in totality

'Tis but a scratch.

Hi Roach,

what exactly is your problem with ETH? I get that you say its manipulated but that shouldn't be a problem as all crypto's are manipulated. I don't know a lot about ETH but my favourite guy to listen to about crypto is Andreas Antonopoulos, who likes and owns ETH, and that guy is very smart and very honest.

I'm not thinking about buying ETH but I'm interested in your reasoning (in laymans turms please)

ta

Yepp.As I said already yesterday, there's strong resistence.But I believe they will give it some more attempts.However it will not work out.People will buy up so quickly if we should go down to 420 for instance, that a longer suppressed price in this range is very unlikely.

Nice attempted shakeout Eth shills, but China is still at $449.  Even BTCE is $445 haha.

Hey r0ach, if you run into one idiot, he's the idiot, but if you're surrounded by idiots, then you ARE the idiot!!!

In 2010 and 2011, there was much more uncertainty and far less awareness. That is the reason why every coin wasn't bought up and hoarded like my precious. There was also only a few 10 thousands of us here and not everyone was so sure Bitcoin would even survive the 2011 bear market, let alone put every Dollar they owned into some ultra high risk investment. I mined back then on a handful of pc's and was bringing in ~10BTC/day. Difficulty was 100k. There was little confidence of the longevity compared to today. Hell, there was only 6 million coins in existence. You think they should have been worth $1000 back then? Add the 2013 rally's and would you pay ~$45k today? Bitcoin is not worth that yet. In fact, it's only worth what someone is willing to pay, and by the looks of it, no one seems to want to pay anywhere near $500 without some confirmation.

It was also known that it takes 130 years to mine every bit of the 21M Bitcoins.

The speculative aspect of halving may not be priced in, but the true current utility value likely is (Otherwise, price would be rising consistently if demand was high enough to outpace supply). Depending on how long the speculative hype of halving lasts determines where the resulting pull back lands. That number is an unknown until it happens. The longer it takes, the potentially higher it could be since more users may come aboard and that raises demand.
The next halving is too far away to be of any significance on price right now. I'm no proponent to efficient market hypothesis, but it isn't exactly lagging either. Front runners (especially those who were around for the first halving) cause the rally to happen earlier and unless new money comes in to support, there will be nothing to propel the price higher once they all buy. So you end up with a pre halving rally, and post halving dumps. Speculation is then over and the equilibrium will take time to achieve.

It's amazing how people are still trying to convince everyone that just because something is known to happen that it's already priced in. We have also known since 2010 that there were only going to be 21 million bitcoins. So why did it take several years to surpass a meager five billion dollar market cap? Why didn't everyone pile in way back then? Why isn't the halving 4 years from now priced in? We already know it's going to happen lol

You know that's why I'm starting to think that guy is a troll cuz it's too easy to dismantle the dookie he is spewing

He drew a completely arbitrary line with 0 reasoning behind it claiming Bitcoin is going to $800 then immediately goes to $100 after.  He also drew a line claiming the price will skyrocket long before the halving comes, when it didn't happen until a month after last time.  In other words, he's just making up random guesses out of thin air.  You may as well have taken a shit on a piece of paper and called it a chart.

LOL, have fun when the single entity Eth manipulator dumps on you.  He's only pumping it right now to try and exit before the DAO's $130 million denominated in Eth can dump on May 28th.  That and the Bitcoin halving are a 2 punch knockout that's going to crater Eth.

Pretty lame. Bitcoin is going down, ethereum will continue to rise. Market cap parity by 2017.  Denial is not a river in egypt.

You know what makes you more right my friend (I know and sure that you are right), the amount of new shills and high level accounts bears who takes about ETH and the BS DAO, as you said, it won't end well

It reminds me of the BS hype of blockchain, like the one who got yesteryear with R3 shit and so, everything that is OVER hyped, ends in a tragic way.

See us, Bitcoin and REAL Bitcoiners, we are moving in the speed of Bitcoin, silently and gently and we will reach our ultimate destination while every motherf@#$%^! is sleeping and daydreaming !!

Lord of bad charts Mat seems to of missed this one:

https://twitter.com/bbands/status/733009813815222273

Love your talent for fitting 'convenient' stories to 'explain' market action that isn't to your liking.

U damn imbecile....lol 

Bullshit.  Your chart shows absolutely nothing.  There were 6 attempted shakeouts.  Your chart does not show any of them because shakeout attempts are not a function of an aggregate market.  You're just wildly guessing based on where margin is.  Just because you claim the Bitfinex guy went out of his way to stoploss hunt your 3 BTC trade eons ago, does not mean attempted manipulation is always succesful or profitable.

The price of BTC and Eth also seem to be somewhat inversely correlated.  The Eth manipulator is attempting to pump in order to exit Eth before May 28th comes when the DAO dumps and the ETH price craters.  Where the fuck is the ETH DAO located on your chart?  It doesn't exist.  Your chart is useless.

The Eth manipulator will dump, the BTC price will skyrocket, and your chart predicts none of that whatsoever.  Stop pretending you can predict markets when none of the actual important variables are located on your chart while you use TA so old that you have Mike Hearn's R3 orchestrated manipulation on it from January for fucks sake.

Remember this?



Seems that trade is working out pretty good so far. Of course, I don't expect BTC to get down to my target right away, but yet another example of me being proven right, and you being proven to be a retard.

Yeah sure, the first two trades that I opened this thread with failed, but these have been my only two follies thus far.....and do bear in mind, what I am doing is quite hard. What you are doing (being a retard), is fucking easy.

Lol yea right.  You mean in your dreams you pray they could get it that low so you can take out a long.  Unless the Chinese are extremely stupid, they wouldn't even attempt it in the first place when even more longs would pile on.  What the hell is the point?  To cross the halving finish line with double the amount of longs?  You make no sense.

You are a retard r0ach.

'They' manipulate the price down as well as up depending on what suits them best. And right now, down suits them best. Too many margin longs. Not enough margin shorts. Lack of margin short's makes Bitcoin too expensive to pump. 'They' have to use largely their own capital to ramp Bitcoin, instead of using the capital of hapless short traders getting stopped out of their postions. Also, far too many margin longs on the books right now. How would you feel, putting your millions to work ramping a market (which you dominate), only to have swarms of parasite western cockroaches sitting in margin longs ready to cash out on your ass? You wouldn't do it would you? Before you ramped, you would need to cleanse the market of parasite margin longs.

See you at $430.


P.S. 'Loving' this THC infused paradigm you have of whenever BTC takes a dump, it is malicious Chinamen, and whenever it ramps, it is due to heroic Americans. 70% of all mining capacity is in China, which pretty much means 70% of all new Bitcoins mined are held by nasty yellow peril Chinese, and that 70% of the Bitcoin p2p network is in Chinese hands, who in turn have formed a miner's syndicate. Your beloved Bitcoin, is basically owned by the Chinese r0ach. You should learn to deal with that fact.