Keep your heads up bitcoiners! | Bitcointalksearch.org

minerpumpkin

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A pumpkin mines 27 hours a night

Quote from: oblivi on April 28, 2015, 01:10:01 PM

Quote from: mrhelpful on April 27, 2015, 03:34:41 PM

Wait so the whole the saying with price they didnt mind mt.gox price manipulating the shit out of it?

The whole $1k mark was based on phantom deposits, and holds of that exchange making it to retain so high compared to other exchanges.

The bubble was real, a simple bot would never be able to do all of that. There was real people buying and selling 1K USD/BTC, mixed with manipulated automation. Bots are everywhere in the stock market those days anyway.

The bot was able to do it. I believe it accounted for about 10% of the total volume on Gox at that time(!!!) At first that doesn't sound like much, but just imagine: 10% of just buying coins and never selling any. The buying pressure created by Willy effectively cut the inflation (due to block rewards) to 0.

srgkrgkj

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Quote from: oblivi on April 28, 2015, 01:10:01 PM

Quote from: mrhelpful on April 27, 2015, 03:34:41 PM

Wait so the whole the saying with price they didnt mind mt.gox price manipulating the shit out of it?

The whole $1k mark was based on phantom deposits, and holds of that exchange making it to retain so high compared to other exchanges.

The bubble was real, a simple bot would never be able to do all of that. There was real people buying and selling 1K USD/BTC, mixed with manipulated automation. Bots are everywhere in the stock market those days anyway.

id say it was a mixture artificial inflation and a lot of real people getting treapped and cornered at the high prices by the willy bot Cheesy

oblivi

hero member

Activity: 700

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Quote from: mrhelpful on April 27, 2015, 03:34:41 PM

Wait so the whole the saying with price they didnt mind mt.gox price manipulating the shit out of it?

The whole $1k mark was based on phantom deposits, and holds of that exchange making it to retain so high compared to other exchanges.

The bubble was real, a simple bot would never be able to do all of that. There was real people buying and selling 1K USD/BTC, mixed with manipulated automation. Bots are everywhere in the stock market those days anyway.

mrhelpful

legendary

Activity: 1456

Merit: 1002

Wait so the whole the saying with price they didnt mind mt.gox price manipulating the shit out of it?

The whole $1k mark was based on phantom deposits, and holds of that exchange making it to retain so high compared to other exchanges.

manselr

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Activity: 868

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Quote from: hector3115 on April 27, 2015, 05:05:17 AM

This article reminded me what I already knew but it was nice to hear somebody else say it.

http://www.techinsider.com.au/2015/04/bitcoin-itll-around-lot-longer/

This is a pretty basic realization, the fact that Bitcoin will love longer than anyone posting in this forum right now is pretty easy to see if you have basic notions of the current socioeconomic situation and what Bitcoin constitutes as a paradigm shift. Tons of other similar projects and a lot less relevant will still be alive as well. There is always people willing to run nodes.

tokeweed

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Life, Love and Laughter...

Quote from: BespokeServicesLTD on April 27, 2015, 08:55:20 AM

Quote from: tokeweed on April 27, 2015, 08:46:26 AM

Quote from: BespokeServicesLTD on April 27, 2015, 08:42:12 AM

Quote from: 1Referee on April 27, 2015, 08:32:14 AM

Quote from: tokeweed on April 27, 2015, 08:01:32 AM

Quote from: afbitcoins on April 27, 2015, 07:59:14 AM

Quote from: tokeweed on April 27, 2015, 07:49:03 AM

Quote from: randy8777 on April 27, 2015, 07:45:31 AM

Quote from: Amph on April 27, 2015, 07:28:45 AM

nice article, and very true until i come to this point

The thing is, without the crazy price jump in the last year, Bitcoin wouldn’t be what it is today. The $1,200 price surge gave it notoriety that literally made it a worldwide phenomenon.

i don't think that bitcoin is now more known only because of that peak, the real hard work that has made bitcoin more famous, was done by Doge in my view, doge has attracted tons of newbies, who started using bitcoin, and then they converted it in doge

it's a combined effort. dogecoin indeed attracted a lot people that didn't know of crypto before. but i think the +$1000 peak had a bigger impact as it attracted a lot speculators.

And a lot of them lost money. Didn't leave a good impression on them, I think...

They'll be back for more in the next bull run

Yup... Only to lose money again. Grin

Where others suffer from heavy losses, there are also a few people laughing their ass of because of the profit they made Cheesy

What's bad for one person is good for the other.

Yep. That's how pyramid schemes tend to work. Get in early and get out fast - profit!

Nah. It's not as simple as that. I think trading is more like a poker game. For every winner, there's a loser.

Well, gambling is usually a net-negative proposition - a winner, a loser, and the house (exchanges).

You're right. I forgot about the rake.

BespokeServicesLTD

newbie

Activity: 28

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Quote from: tokeweed on April 27, 2015, 08:46:26 AM

Quote from: BespokeServicesLTD on April 27, 2015, 08:42:12 AM

Quote from: 1Referee on April 27, 2015, 08:32:14 AM

Quote from: tokeweed on April 27, 2015, 08:01:32 AM

Quote from: afbitcoins on April 27, 2015, 07:59:14 AM

Quote from: tokeweed on April 27, 2015, 07:49:03 AM

Quote from: randy8777 on April 27, 2015, 07:45:31 AM

Quote from: Amph on April 27, 2015, 07:28:45 AM

nice article, and very true until i come to this point

The thing is, without the crazy price jump in the last year, Bitcoin wouldn’t be what it is today. The $1,200 price surge gave it notoriety that literally made it a worldwide phenomenon.

i don't think that bitcoin is now more known only because of that peak, the real hard work that has made bitcoin more famous, was done by Doge in my view, doge has attracted tons of newbies, who started using bitcoin, and then they converted it in doge

it's a combined effort. dogecoin indeed attracted a lot people that didn't know of crypto before. but i think the +$1000 peak had a bigger impact as it attracted a lot speculators.

And a lot of them lost money. Didn't leave a good impression on them, I think...

They'll be back for more in the next bull run

Yup... Only to lose money again. Grin

Where others suffer from heavy losses, there are also a few people laughing their ass of because of the profit they made Cheesy

What's bad for one person is good for the other.

Yep. That's how pyramid schemes tend to work. Get in early and get out fast - profit!

Nah. It's not as simple as that. I think trading is more like a poker game. For every winner, there's a loser.

Well, gambling is usually a net-negative proposition - a winner, a loser, and the house (exchanges).

tokeweed

legendary

Activity: 3976

Merit: 1421

Life, Love and Laughter...

Quote from: ?? on ??

Quote from: tokeweed on April 27, 2015, 08:46:26 AM

Quote from: BespokeServicesLTD on April 27, 2015, 08:42:12 AM

Quote from: 1Referee on April 27, 2015, 08:32:14 AM

Quote from: tokeweed on April 27, 2015, 08:01:32 AM

Quote from: afbitcoins on April 27, 2015, 07:59:14 AM

Quote from: tokeweed on April 27, 2015, 07:49:03 AM

Quote from: randy8777 on April 27, 2015, 07:45:31 AM

Quote from: Amph on April 27, 2015, 07:28:45 AM

nice article, and very true until i come to this point

The thing is, without the crazy price jump in the last year, Bitcoin wouldn’t be what it is today. The $1,200 price surge gave it notoriety that literally made it a worldwide phenomenon.

i don't think that bitcoin is now more known only because of that peak, the real hard work that has made bitcoin more famous, was done by Doge in my view, doge has attracted tons of newbies, who started using bitcoin, and then they converted it in doge

it's a combined effort. dogecoin indeed attracted a lot people that didn't know of crypto before. but i think the +$1000 peak had a bigger impact as it attracted a lot speculators.

And a lot of them lost money. Didn't leave a good impression on them, I think...

They'll be back for more in the next bull run

Yup... Only to lose money again. Grin

Where others suffer from heavy losses, there are also a few people laughing their ass of because of the profit they made Cheesy

What's bad for one person is good for the other.

Yep. That's how pyramid schemes tend to work. Get in early and get out fast - profit!

Nah. It's not as simple as that. I think trading is more like a poker game. For every winner, there's a loser.

Bitcoin, a ponzi pyramid scheme under "new tech's" name.

k

Edit: See what losing money makes you do?

tokeweed

legendary

Activity: 3976

Merit: 1421

Life, Love and Laughter...

Quote from: BespokeServicesLTD on April 27, 2015, 08:42:12 AM

Quote from: 1Referee on April 27, 2015, 08:32:14 AM

Quote from: tokeweed on April 27, 2015, 08:01:32 AM

Quote from: afbitcoins on April 27, 2015, 07:59:14 AM

Quote from: tokeweed on April 27, 2015, 07:49:03 AM

Quote from: randy8777 on April 27, 2015, 07:45:31 AM

Quote from: Amph on April 27, 2015, 07:28:45 AM

nice article, and very true until i come to this point

The thing is, without the crazy price jump in the last year, Bitcoin wouldn’t be what it is today. The $1,200 price surge gave it notoriety that literally made it a worldwide phenomenon.

i don't think that bitcoin is now more known only because of that peak, the real hard work that has made bitcoin more famous, was done by Doge in my view, doge has attracted tons of newbies, who started using bitcoin, and then they converted it in doge

it's a combined effort. dogecoin indeed attracted a lot people that didn't know of crypto before. but i think the +$1000 peak had a bigger impact as it attracted a lot speculators.

And a lot of them lost money. Didn't leave a good impression on them, I think...

They'll be back for more in the next bull run

Yup... Only to lose money again. Grin

Where others suffer from heavy losses, there are also a few people laughing their ass of because of the profit they made Cheesy

What's bad for one person is good for the other.

Yep. That's how pyramid schemes tend to work. Get in early and get out fast - profit!

Nah. It's not as simple as that. I think trading is more like a poker game. For every winner, there's a loser.

tokeweed

legendary

Activity: 3976

Merit: 1421

Life, Love and Laughter...

Quote from: 1Referee on April 27, 2015, 08:32:14 AM

Quote from: tokeweed on April 27, 2015, 08:01:32 AM

Quote from: afbitcoins on April 27, 2015, 07:59:14 AM

Quote from: tokeweed on April 27, 2015, 07:49:03 AM

Quote from: randy8777 on April 27, 2015, 07:45:31 AM

Quote from: Amph on April 27, 2015, 07:28:45 AM

nice article, and very true until i come to this point

The thing is, without the crazy price jump in the last year, Bitcoin wouldn’t be what it is today. The $1,200 price surge gave it notoriety that literally made it a worldwide phenomenon.

i don't think that bitcoin is now more known only because of that peak, the real hard work that has made bitcoin more famous, was done by Doge in my view, doge has attracted tons of newbies, who started using bitcoin, and then they converted it in doge

it's a combined effort. dogecoin indeed attracted a lot people that didn't know of crypto before. but i think the +$1000 peak had a bigger impact as it attracted a lot speculators.

And a lot of them lost money. Didn't leave a good impression on them, I think...

They'll be back for more in the next bull run

Yup... Only to lose money again. Grin

Where others suffer from heavy losses, there are also a few people laughing their ass of because of the profit they made Cheesy

What's bad for one person is good for the other.

Yup. It's a zero sum game. This might be a bad thing to say but in trading we need people to lose money... Preferably lots of them.

BespokeServicesLTD

newbie

Activity: 28

Merit: 0

Quote from: 1Referee on April 27, 2015, 08:32:14 AM

Quote from: tokeweed on April 27, 2015, 08:01:32 AM

Quote from: afbitcoins on April 27, 2015, 07:59:14 AM

Quote from: tokeweed on April 27, 2015, 07:49:03 AM

Quote from: randy8777 on April 27, 2015, 07:45:31 AM

Quote from: Amph on April 27, 2015, 07:28:45 AM

nice article, and very true until i come to this point

The thing is, without the crazy price jump in the last year, Bitcoin wouldn’t be what it is today. The $1,200 price surge gave it notoriety that literally made it a worldwide phenomenon.

i don't think that bitcoin is now more known only because of that peak, the real hard work that has made bitcoin more famous, was done by Doge in my view, doge has attracted tons of newbies, who started using bitcoin, and then they converted it in doge

it's a combined effort. dogecoin indeed attracted a lot people that didn't know of crypto before. but i think the +$1000 peak had a bigger impact as it attracted a lot speculators.

And a lot of them lost money. Didn't leave a good impression on them, I think...

They'll be back for more in the next bull run

Yup... Only to lose money again. Grin

Where others suffer from heavy losses, there are also a few people laughing their ass of because of the profit they made Cheesy

What's bad for one person is good for the other.

Yep. That's how pyramid schemes tend to work. Get in early and get out fast - profit!

1Referee

legendary

Activity: 2170

Merit: 1427

Quote from: tokeweed on April 27, 2015, 08:01:32 AM

Quote from: afbitcoins on April 27, 2015, 07:59:14 AM

Quote from: tokeweed on April 27, 2015, 07:49:03 AM

Quote from: randy8777 on April 27, 2015, 07:45:31 AM

Quote from: Amph on April 27, 2015, 07:28:45 AM

nice article, and very true until i come to this point

The thing is, without the crazy price jump in the last year, Bitcoin wouldn’t be what it is today. The $1,200 price surge gave it notoriety that literally made it a worldwide phenomenon.

i don't think that bitcoin is now more known only because of that peak, the real hard work that has made bitcoin more famous, was done by Doge in my view, doge has attracted tons of newbies, who started using bitcoin, and then they converted it in doge

it's a combined effort. dogecoin indeed attracted a lot people that didn't know of crypto before. but i think the +$1000 peak had a bigger impact as it attracted a lot speculators.

And a lot of them lost money. Didn't leave a good impression on them, I think...

They'll be back for more in the next bull run

Yup... Only to lose money again. Grin

Where others suffer from heavy losses, there are also a few people laughing their ass of because of the profit they made Cheesy

What's bad for one person is good for the other.

futureofbitcoin

sr. member

Activity: 322

Merit: 250

Quote

This really goes against the whole principle of Bitcoin. These speculators are solely intent on make a (fiat) currency profit on the price fluctuations in Bitcoin. They often have very little regard for Bitcoin and its potential.

This isn't quite true. I, for example, am not looking for a "fiat profit". Rather, I'm looking for a "purchasing power profit". I don't care whether I end up spending bitcoins or fiat, as long as instead of an old beat up toyota, I end up being able to afford a brand new lambourghini (just an example).

And the easiest way to get to that point is if bitcoin succeeds, rather than catching all the pumps and dumps. If I were that good a trader, I wouldn't necessarily need the bitcoin market anyway. There's penny stocks and whatever else.

So I think a lot of people, even if they're not libertarians and aren't religiously into decentralization and all that, they still wish for bitcoin's success.

tokeweed

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Life, Love and Laughter...

Quote from: Alley on April 27, 2015, 08:15:03 AM

Catch 22 for me. I think the bubble came way too early in bitcoins lifetime. But if it wasn't for the bubble I don't think I would of ever heard of bitcoin.

This explains a lot on why a lot of people lost money.

Alley

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Catch 22 for me. I think the bubble came way too early in bitcoins lifetime. But if it wasn't for the bubble I don't think I would of ever heard of bitcoin.

gentlemand

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Welt Am Draht

Quote from: futureofbitcoin on April 27, 2015, 08:08:45 AM

I don't think anyone would seriously get into bitcoin because of doge. How did they hear about dogecoin before bitcoin anyway?

I think plenty of people did. That was kind of the point. It's pretty easy to hear about Doge and not BTC by dicking around in a meme community and then someone giving you some doge coin.

futureofbitcoin

sr. member

Activity: 322

Merit: 250

I don't think anyone would seriously get into bitcoin because of doge. How did they hear about dogecoin before bitcoin anyway?

tokeweed

legendary

Activity: 3976

Merit: 1421

Life, Love and Laughter...

Quote from: afbitcoins on April 27, 2015, 07:59:14 AM

Quote from: tokeweed on April 27, 2015, 07:49:03 AM

Quote from: randy8777 on April 27, 2015, 07:45:31 AM

Quote from: Amph on April 27, 2015, 07:28:45 AM

nice article, and very true until i come to this point

The thing is, without the crazy price jump in the last year, Bitcoin wouldn’t be what it is today. The $1,200 price surge gave it notoriety that literally made it a worldwide phenomenon.

i don't think that bitcoin is now more known only because of that peak, the real hard work that has made bitcoin more famous, was done by Doge in my view, doge has attracted tons of newbies, who started using bitcoin, and then they converted it in doge

it's a combined effort. dogecoin indeed attracted a lot people that didn't know of crypto before. but i think the +$1000 peak had a bigger impact as it attracted a lot speculators.

And a lot of them lost money. Didn't leave a good impression on them, I think...

They'll be back for more in the next bull run

Yup... Only to lose money again. Grin

afbitcoins

legendary

Activity: 2101

Merit: 1061

Quote from: tokeweed on April 27, 2015, 07:49:03 AM

Quote from: randy8777 on April 27, 2015, 07:45:31 AM

Quote from: Amph on April 27, 2015, 07:28:45 AM

nice article, and very true until i come to this point

The thing is, without the crazy price jump in the last year, Bitcoin wouldn’t be what it is today. The $1,200 price surge gave it notoriety that literally made it a worldwide phenomenon.

i don't think that bitcoin is now more known only because of that peak, the real hard work that has made bitcoin more famous, was done by Doge in my view, doge has attracted tons of newbies, who started using bitcoin, and then they converted it in doge

it's a combined effort. dogecoin indeed attracted a lot people that didn't know of crypto before. but i think the +$1000 peak had a bigger impact as it attracted a lot speculators.

And a lot of them lost money. Didn't leave a good impression on them, I think...

They'll be back for more in the next bull run

tokeweed

legendary

Activity: 3976

Merit: 1421

Life, Love and Laughter...

Quote from: randy8777 on April 27, 2015, 07:45:31 AM

Quote from: Amph on April 27, 2015, 07:28:45 AM

nice article, and very true until i come to this point

The thing is, without the crazy price jump in the last year, Bitcoin wouldn’t be what it is today. The $1,200 price surge gave it notoriety that literally made it a worldwide phenomenon.

i don't think that bitcoin is now more known only because of that peak, the real hard work that has made bitcoin more famous, was done by Doge in my view, doge has attracted tons of newbies, who started using bitcoin, and then they converted it in doge

it's a combined effort. dogecoin indeed attracted a lot people that didn't know of crypto before. but i think the +$1000 peak had a bigger impact as it attracted a lot speculators.

And a lot of them lost money. Didn't leave a good impression on them, I think...

Topic: Keep your heads up bitcoiners! (Read 1376 times)