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Ripple has a future, just like VISA has a future. It's just not relevant here.
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Cant believe I buckled my seatbelt and loaded the shuttle all for this
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People would not accept the program. Entire crops of bitcorn were lost.
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Every couple years bitstamp sends me all the kyc questions 'where did you get all these coins' , 'how did you find out about bitcoin', 'what do you do for work', 'are you a terrorist', etc. I just have to give them the same answers every time like ' i r leet trader' and some trading logs from Poloniex and its all good. Problem is they might be backed up right now.
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I think ripple is proof that none of this is based on adoption.
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I dont care waiting for bitcoin to go down anymore. Theres enough other things going up.
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The best case in shorting you make a 50%-90% profit. Big deal. It's not worth the massive risk. If you're that bearish on Bitcoin just go to a different market or buy an alt or ripple and possibly make 500% profit instead of 50%, with much less risk
During bitcoin bear markets, liqudiity is being removed and there is less volume and less volatility so it is harder to get into and out of your trades even if they are short. It's also the time when exchanges start glitching, getting shit down, and getting hacked. It's really just the time to leave the market and trade something else.
I think it was one of those big shot banking guys that said they wouldnt short Bitcoin even though they hated it and it was going down.
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It's always been said "Never short Bitcoins"
That's been the lingo up until now and it holds true. People shorting Bitcoins often got hurt.
However will the tide shift now? It seems like Bitcoin will form a pyramid shape with $20,000 being it's apex.
Will there be a new lingo of "Never go long on Bitcoins"?
A big sign of Bitcon's demise: Bulltards making many reverse FUD threads with multiple accounts.
I will never go short on Bitcoin, and will rarely go short on anything, ever. It's either go long or find a different market. Shorting is a stupid class of trade - finite gains, infinite losses, and you have to borrow money and hold it on a third party exchange. Scenario 1: You go short on bitcoin and your trade is doing great. Bitcoin is tanking and you are up 50%. But the exchange gets hacked and you lost all your money even though you were right. Scenario 2: You go short on bitcoin and the exchange shuts down for weeks. During this time bitcoin rallies 500%. The exchange reopens and you owe the exchange 500% of your investment. |
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Ask proudhon. I dont think anyone else here is that bearish.
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I think he means why is someone buying their own wall.
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I've always wanted to dump on the pumper with the big order. I've finally been able to do it in a couple altcoins.
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People keep talking about manipulation in USD markets but take a look at GDAX BTC/EUR. Who put up this sell wall and why?  It's a 500k EUR sell wall all of a sudden, god dammit. No other market has such a big bump of resistance in its depth chart. That's absolutely nothing. You are calling 30 coins a wall. 30,000 coins is a wall In other news there was a 700 coin buy order that just got filled in a single dump |
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Dear lord, the flippening with ripple? The rippling? What do you suppose that distribution is now?
Not much different #OccupyBitcoin |
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Bitcoin hasn't seen a good dump in ages. Look at these bigshot investor types with their sneaky partitioned 2000 coin buys and 100 coin walls. What do they think they're doing. They really think they can continue to hold up bitcoin like this. They think they have the float locked and everything is about these 20,000 coins on the exchanges. Just wait till the whales and the early adopters come with the sheer force of 100,000 or 2,000,000 coins hitting the market. They wont know what hit them.
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Breaking: National suicide hotline staff doubled.
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It's really easy to make a bitcoin key and keep it secure if you dont have to account for brain injuries. You dont need a hardware wallet. You dont need any software. You dont need a bank.
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So, let's see if I got it all right.
I go to the library, (with my clothes on), download the "make your paper wallet" site from the library computer (so the computer can't be traced to me) onto a USB stick. Buy a refurbished poo computer from Ebay, Get naked, take a shower just to be sure, put on a balaclava thats been in the microwave to kill the microcameras that might have been put there by the Chinese who made it, get an enema, make the wallets, preferably in a dark room with loud music, print them on a virgin printer, pour petrol on the printer and computer and burn them, put the wallets in an envelope seal it with wax and my coat of arms, and put it in my box in the bank.
Did I miss anything?
But seriously, thank you all for your input, I know OPSEC is important, and I do get more and more paranoid as the price goes up.
I would tear the paper wallet in half and store it in two different banks and also cut off a third piece that is only memorized. |
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Now that the forum is completely pessimistic I wouldnt be suprised if it just spiked straight up to 20K like 'Aha! Fooled you. The bear market is off.'
so I see you set yourself up for both ways eh? you should be a cold reader. the credulous folk would see you as a psychic genius... EXACTLY what these predicting folks try to do. Predict in both directions, and then try to act as if whatever happens was consistent with what they were predicting all along. The best posters remain those who condition their predictions and remain humble about correct outcomes. I really doubt that anyone can predict with more than 80% confidence, and even that is quite high, but yeah, I already understand that a large majority of folks do like to predict in terms of absolutes, even though future outcomes do not work like that (until they become historical events).  I was making more of a sarcastic remark rather than a prediction. However there are people who set themselves up using a matrix of accounts with every combination of multiple predictions. For example if there are 3 yes/no predictions to be made then they need 8 accounts. Whichever account made all the correct predictions is then used to pump something. |
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Now that the forum is completely pessimistic I wouldnt be suprised if it just spiked straight up to 20K like 'Aha! Fooled you. The bear market is off.'
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Bitcoin was a $5-10 billion market at most in late 2013, concentrated on a handful of exchanges, most infamously Mt Gox, which was manipulated by Karpeles' Willie bot followed by the catastrophic loss of Bitcoin and collapse of the whole exchange and fragile ecosystem. You know this, Tera. Bitcoin is now at least a $200B market cap by itself and has established itself as the trading foundation of an overall crypto market of half a trillion and is even legal tender in Japan of all places, in spite of Mt Gox. There are hundreds of exchanges in dozens of countries and massive infrastructure and overhead now invested in Bitcoin's future. Sure there are many who want to see it fail, mainly governments, regulators and old-school investors, but there are now far too many devoted to seeing it succeed. I understand the importance of chronic unease and cautious optimism in such a volatile investment. But now it just seems you are just trying to incite doom and gloom, you are trying to instill fear, uncertainty and doubt, you are searching for patterns to corroborate your... hope, is it?? Hope that Bitcoin will continue to fall? Because it doesn't just seem like fear driving your prognostications. It actually seems like you seriously hoping Bitcoin will stumble and fall into a multi-year bear market and retest old lows. Is this all stemming from regret? Regret that you didn't buy enough to exit this whole game by now and the hope that you can scoop up some more cheap coin? Rough patches remain ahead, no doubt, but the days of $300 or $3000 coin are Christmas past. I understand you sentiments, as someone who must be losing big right now. However, they are not true. I did not miss out on this run. I made a fortune. Why do I share TA like this? I do it because I observed a pattern or because I believe in something. I actually do it in both directions. I dont do it becasue I want to manipulate the market. I do it either to spark up a conversation, have someone prove me wrong, or to get credit when something I said comes true. So far I'm on a good run. First I called a breakout above 17000 and then that a stop order at 18800 would be a good idea, then later on after the second drop I called a floor at 11700, and then I called a top at 16000. Next I'm calling a bounce at 8000. It's probably going to come true. In my mind all these things about the market needing to correct and test lows are simply pieces of inevitable logic, are healthy, and have nothing to do with fear or pessimism or malice. I dont know if we're going to enter a 3 year crypto winter like the chart above but I noticed that two segments of the chart looked almost exactly the same and wanted to stir up the opinions of analysts on here. |
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