to withdraw or not to withdraw. that is the question
ugh
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 16909. (Read 26714038 times)
July 22, 2017, 04:26:27 PM
bitserve: actually you scared me into thinking about temporarily withdrawing at least half of the funds from exchange - that would mean buying some coin at current price though, as im in fiat after missing bitcoin rally train.
to withdraw or not to withdraw. that is the question
ugh
to withdraw or not to withdraw. that is the question
ugh
July 22, 2017, 04:23:49 PM
If everyone pulls their coins off the exchanges Aug 1st, I wonder if it will reveal that some of the exchanges are running a fractional reserve, because of reported or unreported hacks.
I was thinking of the same.
Suchs exchanges would die at that point.
Maybe that's why the price of Bitcoin has increased so much over the last few days... all the exchanges are buying up coins from one another to replace their shortfalls before they get found out
July 22, 2017, 04:22:20 PM
If an exchange is missing some minor figure like 10-30% it will remain mostly undetected.
and if its much more, we may get another Gox I really hope that's not the case. That would be a real fuck-up in terms of price in the middle of August.
On other news, BIP141 signaling support has reached 100%. As I said, things couldn't be going more smoothly.
July 22, 2017, 04:21:47 PM
If everyone pulls their coins off the exchanges Aug 1st, I wonder if it will reveal that some of the exchanges are running a fractional reserve, because of reported or unreported hacks.
The original premise of Bitcoin as stated in Satoshi's white paper, was trustlessness.
It's amazing how many people extend trust to strangers through the use of online exchanges and wallets.
July 22, 2017, 04:16:19 PM
If an exchange is missing some minor figure like 10-30% it will remain mostly undetected.
and if its much more, we may get another Gox 
July 22, 2017, 04:15:10 PM
Yeah, fuck, I am sorry Torque that you shorted or sold or something in the $2400 territories, but it seems that you will be very lucky if you are able to get back in anywhere below $2600 - and that might be a considerable stretch absent some very convincing FUD - because ordinary FUD is not likely to damper the current ongoing upwards BTC price pressures.
In other words, sorry for your loss.
In other words, sorry for your loss.
1) I didn't sell
2) Quoted you for posterity. Barring some black swan event, I'm pretty sure that within 6 months from now that the bitcoin price is going to be much lower than where we are now. Markets don't go up forever (unless it's the U.S. stock market). I'm gonna have fun rubbing this statement in your nose in the future JJG.
3) Oh, and everybody here knows that you are a troll
July 22, 2017, 04:14:12 PM
If everyone pulls their coins off the exchanges Aug 1st, I wonder if it will reveal that some of the exchanges are running a fractional reserve, because of reported or unreported hacks.
I was thinking of the same.
Suchs exchanges would die at that point.
July 22, 2017, 04:11:29 PM
Probably not enough to bankrupt an exchange unless they are totally under already. I don't think more than 50-70% of the BTC will get withdrawn.
If an exchange is missing some minor figure like 10-30% it will remain mostly undetected.
If an exchange is missing some minor figure like 10-30% it will remain mostly undetected.
July 22, 2017, 04:09:48 PM
What would continue to drive the market up higher from here? Serious question.
What always did.
Bitcoin is an excellent store of value. Can't be confiscated. There are 16,4 million bitcoins currently in circulation. There will be only 21 million. There are more than 7 billion humans on this planet. Central banks are printing new money in hundreds of billions every month. This is more than enough to drive bitcoin price to really insane levels.
Yes yes, those are all valid reasons long term for the price of bitcoin to rise to great new heights in the future.
So let me rephrase my question.
What specifically will be so earth shattering for Bitcoin within the next 6 months that price will rise from here to "insane levels"?
You guys do realize that the total crypto market hit a high of $116B, and now with even this mega pump we are only back up $92B? Not even back to over $100B, nor do I see that happening within 6 months.
On a regular basis, you go from sanity to crazy talk. There has to be some humor in that, no?
Let me see if I can engage with your "crazy talk" for a second.
What the fuck does the total crypto market cap have to do with anything regarding whether bitcoin is going to go up or down? If anything there is a loose connection, so I don't know what the fuck you are attempting to describe some kind of direct meaning to bitcoin in terms of the total crypto market cap. We got a bunch of scams, including Ripple, ETH and ICOs in there.. Sure there is money coming into the space from institutional investors that is reflected in the total market cap of cryptos.. but come on.. bitcoin has fundamentals and bitcoin has some very bullish news in recent days - including this pretty much assured path forward for segwit... getting segwit locked in and activated is nothing to sneeze at.
Yeah, fuck, I am sorry Torque that you shorted or sold or something in the $2400 territories, but it seems that you will be very lucky if you are able to get back in anywhere below $2600 - and that might be a considerable stretch absent some very convincing FUD - because ordinary FUD is not likely to damper the current ongoing upwards BTC price pressures.
In other words, sorry for your loss.
July 22, 2017, 04:07:43 PM
If everyone pulls their coins off the exchanges Aug 1st, I wonder if it will reveal that some of the exchanges are running a fractional reserve, because of reported or unreported hacks.
I was thinking of the same.
July 22, 2017, 04:00:01 PM
If everyone pulls their coins off the exchanges Aug 1st, I wonder if it will reveal that some of the exchanges are running a fractional reserve, because of reported or unreported hacks.
July 22, 2017, 03:49:17 PM
Been busy. Who won the auction for the girl?
You won! Enjoy a lifetime of nagging.
Ah, marriage, a great institution...
...if you want to live in an institution.
July 22, 2017, 03:49:07 PM
The fact that the ESF has not yet attempted to destroy bitcoin means one of two [three] things: 1) either bitcoin is a govt sanctioned scam, or 2) they just haven't gotten around to destroying it yet:
;or
3) Nobody will accept a naked short bitcoin, as it not only is a naked short, but it is no easier to obtain, hold, and secure than a real Bitcoin. Paper gold, OTOH, is much easier to obtain, hold, and secure than real gold - which is why (some foolish) people accept it.
July 22, 2017, 03:46:14 PM
Been busy. Who won the auction for the girl?
You won! Enjoy a lifetime of nagging.
July 22, 2017, 03:39:24 PM
Yes micro did state CET. ^^^
23 24 and 25One of those will win.
Just to make sure it wont fall into fight about timezone if ATH btoken near midnight.
I am pretty sure 25th will win. Who has that?
Could be, my broker said they will halt all transactions per 25. So no way to sell a bit... .
July 22, 2017, 03:36:15 PM
Yes micro did state CET. ^^^
23 24 and 25One of those will win.
Just to make sure it wont fall into fight about timezone if ATH btoken near midnight.
I am pretty sure 25th will win. Who has that?
July 22, 2017, 03:35:47 PM
So what's the estimated date for activation. I'm guessing Aug 1st is a nothing date now we are locked in. (As I always say I am only a hodler so my knowledge on these kind of things are limited)
July 22, 2017, 03:34:38 PM
Yes micro did state CET. ^^^
23 24 and 25One of those will win.
Just to make sure it wont fall into fight about timezone if ATH btoken near midnight.
July 22, 2017, 03:33:49 PM
July 22, 2017, 03:33:26 PM
People just make believe bitcoin is whenever they get on the profitable side of a pump and dump.
Gold pumped from $400 to $1900, now down to $1255
Silver pumped from $16 to $50, now down to $16.50
Metals a reliable store of value, you say?
Not a valid argument and I already posted why. The ESF can only naked short metals down to cost of production to try and contain them. The second they go after bitcoin with naked shorts, they can literally destroy it because there's no real price floor. The fact that the ESF has not yet attempted to destroy bitcoin means one of two things: 1) either bitcoin is a govt sanctioned scam, or 2) they just haven't gotten around to destroying it yet:
4) Cryptocurrency doesn't function as a store of value because it's price floor is recursive based on it's own demand (in PoW). This means it's a complete house of cards in terms of so called value storage.
In commodities like silver, the ESF practices Keynesianism in the commodity markets and naked shorts them down to cost of production to try and keep their market caps as low as possible and prevent them from competing with the dollar. Why? Because nobody would submit to slavery via debt based scam currency at all unless you force them into it.
They can't short metals lower than cost of production because it would create scarcity and be counterintuitive to their goals. However, they can short bitcoin below cost of production because there is no real price floor, only a temporary, synthetic one. This in turn causes the miners to be forced to turn off (like KNC) and the synthetic floor crashes even more until the thing implodes to nothingness.
Another reason why craptocurrency is horrible and not a sound form of money. Metals like silver can be manipulated by shorts to contain their market cap, but bitcoin can actually be destroyed by them due to having no real floor.
In commodities like silver, the ESF practices Keynesianism in the commodity markets and naked shorts them down to cost of production to try and keep their market caps as low as possible and prevent them from competing with the dollar. Why? Because nobody would submit to slavery via debt based scam currency at all unless you force them into it.
They can't short metals lower than cost of production because it would create scarcity and be counterintuitive to their goals. However, they can short bitcoin below cost of production because there is no real price floor, only a temporary, synthetic one. This in turn causes the miners to be forced to turn off (like KNC) and the synthetic floor crashes even more until the thing implodes to nothingness.
Another reason why craptocurrency is horrible and not a sound form of money. Metals like silver can be manipulated by shorts to contain their market cap, but bitcoin can actually be destroyed by them due to having no real floor.
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