I am not lucky. I am strong.
I'd say we're both. You can't deny the element of luck in learning about Bitcoin in the first instance.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 13193. (Read 26609651 times)
August 12, 2018, 12:44:55 PM
I'd say we're both. You can't deny the element of luck in learning about Bitcoin in the first instance.
August 12, 2018, 12:09:09 PM
I can see it now. Somewhere in the desert is a gathering of bitcoin HODLers, their cars around a huge bonfire in a circle, like petals on a daisy.
Would they be VW Rabbits, or Lambos....
Hm.
(They should be Ferraris. Much more impressive car than the Lambo)
August 12, 2018, 12:05:41 PM
1818 is a ridiculously high number.
The world definitely doesn't need this amount of worthless and useless coin.
Shitcoiners,
you don't 51% attack Bitcoin,
Bitcoin will 51% you
Yep.
If there were 1818 so called "precious metals" in the world, investors/savers would all gravitate to Gold and regard all the rest simply as "fool's gold".
I guess that will happen eventually.
Silver and a few other metals are used as stores of value, plus there are numerous other commodies and collectables etc which perform this function to a limited extent. There could be quite a number of Cryptos that survive long term (but not anywhere near 1818). In the meantime we are in an evolutionary lifeform/species explosion, which is needed to give natural selection a large choice for the eventual extinction.
August 12, 2018, 11:40:12 AM
1818 is a ridiculously high number.
The world definitely doesn't need this amount of worthless and useless coin.
Shitcoiners,
you don't 51% attack Bitcoin,
Bitcoin will 51% you
Yep.
If there were 1818 so called "precious metals" in the world, investors/savers would all gravitate to Gold and regard all the rest simply as "fool's gold".
August 12, 2018, 11:29:32 AM
BITCOIN has its own problems ......its not appriciated enough by soooooo many people on this earth . 
August 12, 2018, 11:28:58 AM
1818 is a ridiculously high number.
The world definitely doesn't need this amount of worthless and useless coin.
Shitcoiners,
you don't 51% attack Bitcoin,
Bitcoin will 51% you
August 12, 2018, 11:24:27 AM
I've often wondered what the hodlers use to purchase these luxury cars? If you're hodlin, wouldn't you still be driving a 1998 Ford Crown Vic P71?! I must be doing it wrong. Perhaps they are leveraging their ruggedly-handsome, good looks?
August 12, 2018, 11:22:17 AM
Bitcoin is a currency, and it is extremely disruptive, as it is not controlled by any nation-state.
You and many other are misled by the TPTB.
You and many other think that nation state is the enemy of the crypto. That is a miss conclusion. The enemy of the crypto is the TPTB.
You and many other also think, that there are plenty nation states. That is an illusion. There are just very few of such on this planet. And none of them are on the western world. The TPTB have enslaved almost all of them. By taking control of the FIAT. In United states that happened 1913. Now the TPTB is afraid for their FIAT to get rusty by the crypto, resulting to lose the control of the state, resulting to the rise of the people and to the rise of the nation state.
People, nation and nation state are not the enemy of the crypto. TPTB is the enemy of the crypto.
TPTB is the enemy of the human.
TPTB is the enemy of the nation.
TPTB is the enemy of the nation state.
TPTB is the enemy of the crypto.
August 12, 2018, 10:47:45 AM
Monero has its own problems. The transaction fees hurt and supply is not fixed.
I do not want to go off topic into alt discussion in this thread so I invite you to post that in the monero thread so you can learn why you are wrong.
https://bitcointalk.org/index.php?topic=583449.msg43851970;topicseen#new
Tee hee hee
The post below explains that Bitmain is valuing its 1.02 million Bcash lol coins at their acquisitik cost and not at their market value. That’s because Bitmain paid over twice what those Bcash lol coins are now worth. Suckers. No wonder they want to IPO - they are desperate to dump their Bcash lol bags.
The Bitmain IPO is just an attempt to do a massive Over The Counter sale of 1 million Bcash lol coins. I wonder if any Chinese are dumb enough to fall for it.
The post below explains that Bitmain is valuing its 1.02 million Bcash lol coins at their acquisitik cost and not at their market value. That’s because Bitmain paid over twice what those Bcash lol coins are now worth. Suckers. No wonder they want to IPO - they are desperate to dump their Bcash lol bags.
The Bitmain IPO is just an attempt to do a massive Over The Counter sale of 1 million Bcash lol coins. I wonder if any Chinese are dumb enough to fall for it.
This needs it's own thread, or is there one already?
Good link on this story
https://bitcoinexchangeguide.com/bitmain-pre-ipo-investor-deck-reveals-huge-btc-for-bch-bitcoin-swap-are-they-going-broke-as-a-result/
Someone needs to get that bittconnect guy to make a video of himself yelling out Bitmain!
https://www.youtube.com/watch?v=64R918K-3L8
PSA: exchanges will start to wobble at under 6k. 1 or 2 self-hacks must be expected at times like that. Get your money off the exchanges as soon as you have done your business. Do not 'invest' more than you can afford to lose.
I'm on 6 months quit after over 40 years and this just gave me cravings like you wouldn't believe!
Don't post a rock with a BTC !!!
The Monero and Bitcoin transaction fees are very close to each other. There is not practical difference, exept during the high volume times Bitcoin has had actually higher fees.
https://bitinfocharts.com/comparison/monero-transactionfees.html
https://bitinfocharts.com/comparison/bitcoin-transactionfees.html
Also, the Transaction fees of Monero will be decresed even more by 80-90% by the bulletproofs.
https://ethereumworldnews.com/monero-bulletproof-protocol/
https://getmonero.org/2017/12/07/Monero-Compatible-Bulletproofs.html
In addition The Tari Project which is a second layer protocol for Monero, will cut the transaction fees to fractions by Lightning Networks. It will also bring Atomic Swaps, Internal assets and much more for Monero.
https://www.tari.com/
The "not fixed" supply is not a problem at all. There is a fixed tail emission for Miners to have an incentive to mine. And because the tail emission is fixed, the emission in relation to existing supply will be decreasing. Also, the tail emission will be very low. 0,6XMR per 2 minutes block. That is only 432XMR per a day.
https://getmonero.org/resources/moneropedia/tail-emission.html
Also, the Tari Protocol will be merge Mined with Monero.
https://bitinfocharts.com/comparison/monero-transactionfees.html
https://bitinfocharts.com/comparison/bitcoin-transactionfees.html
Also, the Transaction fees of Monero will be decresed even more by 80-90% by the bulletproofs.
https://ethereumworldnews.com/monero-bulletproof-protocol/
https://getmonero.org/2017/12/07/Monero-Compatible-Bulletproofs.html
In addition The Tari Project which is a second layer protocol for Monero, will cut the transaction fees to fractions by Lightning Networks. It will also bring Atomic Swaps, Internal assets and much more for Monero.
https://www.tari.com/
The "not fixed" supply is not a problem at all. There is a fixed tail emission for Miners to have an incentive to mine. And because the tail emission is fixed, the emission in relation to existing supply will be decreasing. Also, the tail emission will be very low. 0,6XMR per 2 minutes block. That is only 432XMR per a day.
https://getmonero.org/resources/moneropedia/tail-emission.html
Also, the Tari Protocol will be merge Mined with Monero.
Lets not talk about Monero in this thread, even if a maximalist tries to spread misinformation. Just invite them to post their concerns in the correct thread. This is their thread after all and that should be respected.
This is what worries me (apart of lack of humor or differences in humor perception): redditers are still bullish, very bullish.. too bullish. And not only redditers, but here in BCT too - no despair traces are visible en masse. No despair - no trend reversal, and I wonder how long this market can drop until people finally panic. I understand it is hard to shake out old Bitcoiners, but the new entrants should have already started to capitulate. But nope - even those who think Bitcoin will drop further, are setting 3K target, and expect moon then (in ~2 years). This particularly should mean the 3K bottom is to never happen - as too much people expect it. Bitcoin should either bounce noticeably higher or noticeably lower. Given the absence of despair now, I start to think it could go lower... which is highly undesirable scenario as I see it, as it will punch through weekly MA200 then, and also its will be disaster for miners and many crypto businesses.
But I am not really social media aware guy, and I may easily miss something. So... a question: did anyone see traces of mass panic in social media, enough to call it a mass sentiment..?
P.S. Please don't call me FUDder. Yes, I am not a bull now, and I miss TERA2 here, but I am just expressing my own concern, and will be genuinely interested in what people here think of this.
But I am not really social media aware guy, and I may easily miss something. So... a question: did anyone see traces of mass panic in social media, enough to call it a mass sentiment..?
P.S. Please don't call me FUDder. Yes, I am not a bull now, and I miss TERA2 here, but I am just expressing my own concern, and will be genuinely interested in what people here think of this.
How many times do we have to repeat that bitcoin is not a ordinary asset? That bitcoin exchanges are not the stock markets? That bitcoin is not a company, and not a product?
Bitcoin is a currency, and it is extremely disruptive, as it is not controlled by any nation-state.
This nocoiner mentality is depressing. You just see bitcoin as a vehicle, a tool, to make more fiat money.
You dont believe that, in the future, you could buy a house with a single bitcoin. And without the need to sell it in the first place.
Thats why people are not panicking, and you dont see massive panic sell. The guys from Wall Street were probably expecting it when they implemented futures markets for bitcoin, to drive the price down.
I would argue that it is more of a store of wealth these days than an actual currency. And it may be the best way to store value than all the others.
No-one (except those living off their stash) dips into their stash for the weekly groceries do they?
August 12, 2018, 10:33:45 AM
you get your devil worshiper haxXoR badge? muuhahaaa
Naah, just the capture the packet T shirt (I can still do it, cool!) and the Defcon badge (which I need to make hack bitcoin or something). muuhahaaaOverall a good week. Sex, Drugs, Booze, Lambos, Ferrari's, the whole nine yards. And I avoided the pyramid scams....
August 12, 2018, 10:32:37 AM
I've often wondered what the hodlers use to purchase these luxury cars? If you're hodlin, wouldn't you still be driving a 1998 Ford Crown Vic P71?! I must be doing it wrong. Perhaps they are leveraging their ruggedly-handsome, good looks?
You're only supposed to hodl until the top. We did it wrongly.
Then we'll start again and learn from our mistakes. What's a good exit point this time?
original image by Victor Carapcea
https://www.facebook.com/karafoto.ro/
When iT Goes This time there Will be NO good exit point ..... Ethernal ATH’s
August 12, 2018, 10:08:06 AM
...No despair - no trend reversal...
I have long said that we are entirely too sophisticated for our own good.
August 12, 2018, 10:03:48 AM
This is what worries me (apart of lack of humor or differences in humor perception): redditers are still bullish, very bullish.. too bullish. And not only redditers, but here in BCT too - no despair traces are visible en masse. No despair - no trend reversal, and I wonder how long this market can drop until people finally panic. I understand it is hard to shake out old Bitcoiners, but the new entrants should have already started to capitulate. But nope - even those who think Bitcoin will drop further, are setting 3K target, and expect moon then (in ~2 years). This particularly should mean the 3K bottom is to never happen - as too much people expect it. Bitcoin should either bounce noticeably higher or noticeably lower. Given the absence of despair now, I start to think it could go lower... which is highly undesirable scenario as I see it, as it will punch through weekly MA200 then, and also its will be disaster for miners and many crypto businesses.
But I am not really social media aware guy, and I may easily miss something. So... a question: did anyone see traces of mass panic in social media, enough to call it a mass sentiment..?
P.S. Please don't call me FUDder. Yes, I am not a bull now, and I miss TERA2 here, but I am just expressing my own concern, and will be genuinely interested in what people here think of this.
But I am not really social media aware guy, and I may easily miss something. So... a question: did anyone see traces of mass panic in social media, enough to call it a mass sentiment..?
P.S. Please don't call me FUDder. Yes, I am not a bull now, and I miss TERA2 here, but I am just expressing my own concern, and will be genuinely interested in what people here think of this.
How many times do we have to repeat that bitcoin is not a ordinary asset? That bitcoin exchanges are not the stock markets? That bitcoin is not a company, and not a product?
Bitcoin is a currency, and it is extremely disruptive, as it is not controlled by any nation-state.
This nocoiner mentality is depressing. You just see bitcoin as a vehicle, a tool, to make more fiat money.
You dont believe that, in the future, you could buy a house with a single bitcoin. And without the need to sell it in the first place.
Thats why people are not panicking, and you dont see massive panic sell. The guys from Wall Street were probably expecting it when they implemented futures markets for bitcoin, to drive the price down.
August 12, 2018, 10:01:30 AM
I've often wondered what the hodlers use to purchase these luxury cars? If you're hodlin, wouldn't you still be driving a 1998 Ford Crown Vic P71?! I must be doing it wrong. Perhaps they are leveraging their ruggedly-handsome, good looks?
You're only supposed to hodl until the top. We did it wrongly.
Then we'll start again and learn from our mistakes. What's a good exit point this time?
original image by Victor Carapcea
https://www.facebook.com/karafoto.ro/
August 12, 2018, 09:46:26 AM
Part of it is poking fun at legacy finance folks that I've started seeing on reddit. Financial advisers that were so good at their jobs that they never saw how well Bitcoin would do. For some reason their government required certifications did not include looking into things outside of their bubble. And instead of recognizing a potential new technology, they attack it because they need to protect their old system (after all, they did invest a lot of time in those classes and certs).
Indeed. While in Vegas last week I ran into thousands of "Evolve" people at some sort of "financial management" get together. All wearing same shirts, all ready to pull out their cards to give you financial advice (seemed like a pyramid scam).Funniest part was waiting by a rest room and talking to a guy about it. Offered me his card, I said no, he said "so you're not ready to make REAL MONEY".
I told him I invested in Bitcoin early on. He shut up. Real money (spit). I want real bitcoins.
Edit: I just looked them up and found it World Financial Group. Basically a MLM scam. God I can call these frauds well.....
you get your devil worshiper haxXoR badge?
muuhahaaa
August 12, 2018, 09:40:09 AM
Part of it is poking fun at legacy finance folks that I've started seeing on reddit. Financial advisers that were so good at their jobs that they never saw how well Bitcoin would do. For some reason their government required certifications did not include looking into things outside of their bubble. And instead of recognizing a potential new technology, they attack it because they need to protect their old system (after all, they did invest a lot of time in those classes and certs).
Indeed. While in Vegas last week I ran into thousands of "Evolve" people at some sort of "financial management" get together. All wearing same shirts, all ready to pull out their cards to give you financial advice (seemed like a pyramid scam).Funniest part was waiting by a rest room and talking to a guy about it. Offered me his card, I said no, he said "so you're not ready to make REAL MONEY".
I told him I invested in Bitcoin early on. He shut up. Real money (spit). I want real bitcoins.
Edit: I just looked them up and found it World Financial Group. Basically a MLM scam. God I can call these frauds well.....
August 12, 2018, 09:15:33 AM
I've often wondered what the hodlers use to purchase these luxury cars? If you're hodlin, wouldn't you still be driving a 1998 Ford Crown Vic P71?! I must be doing it wrong. Perhaps they are leveraging their ruggedly-handsome, good looks?
You're only supposed to hodl until the top. We did it wrongly.
August 12, 2018, 09:04:50 AM
I've often wondered what the hodlers use to purchase these luxury cars? If you're hodlin, wouldn't you still be driving a 1998 Ford Crown Vic P71?! I must be doing it wrong. Perhaps they are leveraging their ruggedly-handsome, good looks?
You're only supposed to hodl until the top. We did it wrongly.
August 12, 2018, 08:46:09 AM
I've often wondered what the hodlers use to purchase these luxury cars? If you're hodlin, wouldn't you still be driving a 1998 Ford Crown Vic P71?! I must be doing it wrong. Perhaps they are leveraging their ruggedly-handsome, good looks?
August 12, 2018, 08:40:37 AM
1. I really cant make sense of any of this?
2. If you can afford to wait then just Buy and HODL. Its worked out fine so far.
1. Most ppl can't get their head round it. It needs too much experience and analysis. The market moves in waves : each wave sets up the preconditions for the next.
2. That is the best simple advice.
and 3. See my post just above, re keeping it simple.
edit :
I just realised that worth adding a note on contrarian logic, for those that dont know :
Bull markets climb a 'Wall of Worry'
Bear markets flow down a 'River of Hope'
Thus sentiment is a contrary indicator. The majority of sentiment does not change overnight, and a lot of 'work' is need to be done by time and price, before the herd changes its mind.
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