Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 13196. (Read 26609730 times)

The thing with certifications is that they give you a false sense of accomplishment and closure, even though most of them are trash and only require a bare minimum understanding and aptitude. Otherwise the broad masses would start complaining that it's too hard for them to get anywhere in life whilst not putting in the required effort. Not necessarily a government problem in that regard, although I'm not going to even try to speak positively about it (gov).

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).

If the price goes up or down at like a prolonged 15 degree angle, that's called an aggregate market.  It means the market might have some type of valid support somewhere.  Bitcoin, on the other hand, is nothing but vertical cliff face rises anytime the price moves (plus a combination of leverage and Bitfinex fraud), meaning obvious pump and dumps and Gox-style manipulation with no real, valid support.  When was the last time you saw anything resembling an aggregate market in bitcoin? Probably when the price was all the way back at $200, so nobody has any clue where the real support is in it's current, obviously manipulated, bubble state.

Had a good chuck. Would laugh even harder if it was indeed over or/AND if Bitcoin got hacked indeed. Wouldn't like it, but would be very entertained if it happened immediately after your post.



Same difference.

yep...I'm in the same boat....it was what on Aug 7th, 2017 BTC was 63,383.38 I think (see previous postings) right now BTC is at 6,311.63 USD.

So fine, I watched it go from 19k to now 6,312.63....and same as you was in full HODL mode of my hoard since 2015. Living on Altcoins now (ouch! that may not last!)

The real question is....when it starts to PUMP (assuming) and gets to 12-14k...will I then snap and sell in the OTHER direction?

It was damn hard in HODL mode watching it go down..it MAY be just as damn hard not cracking if it goes back up

anyway, if no bubble occurred last year at these prices vs 2017 at this time..we'd be doing cartwheels now

so hell, if it is all a matter of perception and guess anyway, so far I've simply held (at least my BTC) same amount hoard since 2015.

I'm either a genius or an idiot

As they say, this price is 1) either the high or 2) or the low, as of right now..place your bets, folks...

flip a coin, I  guess

brad

It's always good to keep a diversified portfolio, and thankfully I can afford to lose what I've put in if it dies completely (which is not likely to happen imo).




Safe but not protected, people in bubbles

I built an army

They never get mine either.

Apparently reddit does not like my humor (or lack thereof).

https://www.reddit.com/r/Bitcoin/comments/96mnhp/for_those_who_bought_bitcoin_to_get_rich_my/

downvotes galore

Lucky SOb.



Meh, they already proved their chain is mutable and centralized so it can't shit down a drain fast enough in my book.

 

At least they are putting their money where their mouth is.

They were trying to make Bcash lol more valuable than Bitcoin by restricting supply (and touting it to increase demand). Bitmain holds all the Bcash lol it has ever mined in a huge wallet. They have been losing money since day 1 trying to flip Bitcoin. 

They used every tool at their disposal.  They might possibly have pulled it off but enough people have seen through them.

Ethereum came as a split from the colored coin approach. With colored coins people realized that they could create assets on the Bitcoin blockchain. Each satoshi could represent a single asset (1g of gold for instance). They even implemented OP_RETURN so you could add details about the underlying asset.

One big thing many people working on colored coins ran into was the limited amount of bytes that could be used for each transaction (a lack of creativity left them wanting to fix this limitation with more bytes instead of working with second layers). The possibilities of what could be added to to each transaction if there were more space was discussed. The golden idea was to have enough room for turing complete programs on the blockchain. Vitalik took on the task of enhancing the colored coin approach on the Bitcoin network to allow for turing complete code. The Bitcoin community became excited about this Ethereum colored coin approach and put a lot of support behind it.

Then Vitalik decided to shit all over Bitcoin and everyone who had supported him up until then and take the easy way out by creating a new coin called Ethereum with a whole new blockchain that had enough room for these turing programs.

There was a reason that Bitcoin limited the size of transactions.

The question becomes...is Bitmain 'bleeding' BCH to cash or (gasp btc) at this time? How if anything are they managing this, or are the locked in BCH for the long haul ride, at this point?

or are they SO locked into BCH as a founder/miner/etc that to do so would gut the price, even if they hedged a little bit?

probably no way to tell, but figured I'd ask

they also have the misfortune to be 'committed' to a 1/2 billion dollar data hall arrangement in Texas. Likely, this was in the works months ago and they are just plain stuck.

my point on this thread is ....does dumping bch hurt or help BTC or just don't plain make any difference if to cash say?

Not sure this is quite what you had in mind

Nearly two million BCH? Are they trying to emulate the Hunt brothers?

 

look at me  >.> i'm the BTCBTCBTCBTCBTCBTCBTCBTC hodler now

Very serious I imagine

Soon it will be called whale hunting -- decentralization

too many rich 

If anyone has some spare time I would love to see the trend of the price excluding these huge jumps and falls within minutes.

I think that would show the true sentiment of the market.