When are the next big BTC auctions? I can't wait for this crash  Gonna be lovely. A beautiful disaster. We could see a floor sub $200 again. This is the last one for the US gov. The Australian gov has 20k something coins to sell though. The big dagger hanging over our heads is really the 200k gox coins that need to be sold or returned to the victims. I'm sure a percentage of those people will be market selling and dusting their hands of the whole thing. |
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I still think this rally is about market makers getting sure nobody else gets 44k cheap coins at the martial auction, that could threaten their positions.
I expect this to continue for at least 10 more days, with peak around 3-4th of November.
We don't know if the buyers are going to hold or dump. The only thing we do know is that the damn government gets the cash and I hope that amount is as low as possible. That's actually something I never really thought before... it could very well be possible for someone who has a lot of cash laying around just absolutely hates the government in general are just pumping up the prices just to fuck with them in a way. Lol, I hope this is not the case and is a legitimate growth in bitcoin and not some ruse some troll is doing just for that one specific instance. Fuck with the government, by helping them maximize their take? Think this through again. |
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I'm waiting for +50% of the posts to be someone else than me, lambie, stolfi, LFC and BJA. Then I will go into full retard bull mode.  I usually consider a higher concentration of bubble drunk moon kids to be an inverse indicator.  over 3/4 Million new USD longs. Over 2,000 new BTC shorts on BFX. That's very little safety net when this rally stalls out.
~23 Million in margin longs that got to cover on the way up. Only 14,000 in shorts total to cover to halt a crash.
We're going somewhere, either up or down. But hanging out on a cliff edge is not going to last.
That $22-23 million in longs weren't liquidated even in the $160 flash crash, I agree that I would feel better about this rally with shorts hitting new highs rather than floundering about like they are. (Sometimes I shudder to think what BFX actually did that day though, they might have had to flip the breaker before the whole thing unwound...  ) |
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Leave Jorge alone! His home currency is doing a disruptive black swan without the help of bit-coin.  The Brazilian Real in Actual Money™. |
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I think we will test 300, who knows how that will go, but I think we will test it either this weekend or beginning of next week. For some reason I think this time will be different than the last two attempts.
~Four punch raiders~ Let's hope we're still near the bottom when the U.S. Marshall's auction happens, just to keep the Gov from getting more of our money. The blocksize controversy should prevent Bitcoin from reaching escape velocity before then.  We're not at the bottom, that's low 200's high 100's. That chart is somewhat bullish, showing a good chunk of visa's capacity is within our reach. Good chunk meaning a few percent. No choice now but to wait until hong kong and see what color smoke emanates from the chimney. |
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it's 11:22am in beijing, do you know where your bitcoiners are?
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Buyers getting exhausted or just taking a pause before resuming the pump?
You know that Wile E. gif floating around? Something always seems to happen around a certain price. Could be different this time tho, gifs are notoriously unreliable. I'm a fan of Elliot Wave Radiation technicals myself, more reliably disruptive than Radium water (cheaper, too). Tim Draper is ready. Are you?   Fine.  |
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Tim Draper is ready. Are you? |
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Then what is your explanation for that rise?
Pretty god damn obvious, at least 500 billion dollars attempting to leave China, some of which is going into Bitcoin, and the halving is just beginning to start to have an initial price effect. Negative interests rates gaining steam + more China fever + halving all at the same time = the perfect storm beginning. http://www.armstrongeconomics.com/archives/38474I wonder if anyone would see bitcoin as a good way to protect one's money from a 3% devaluation of the Yuan... That report may have had more impact in the West than in China. Back in mid-2014, some PBoC official was quoted as saying that the bank had no objection to bitcoin ownership and trading, and compared it to trading rare stamps. I can't see in the CAC report (through Google translate) a more positive attitude. I don't see it as signalling a relaxation of the current restrictions (e.g. as suggesting that financial institutions could start investing in it). Instead, I read the report as saying "bitcoin is connected to illegal activities, more regulation may be needed". I wish that there was a real translation by someone fluent in Chinese. Hard to think it was coincidence. The day the report came out, prices on chinese exchanges started their march to way above the USD EUR rates and had all the non-chinese traders wondering WTH was going on. |
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Would it be wrong to post this now? Go Wile E. Go 945 ask wall at $280 finex |
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don't be so superficial and uneducated.
stalinism does not mean socialism, but - stalinism. there are many forms of socialism, yes. think of those various types of it as implementations of communist ideas in a certain area/state. in the authoritarian east you get stalin, yes, but he does not equal socialism.
also, there is no such thing in the world as a "catholic country", except for vatican city state. also, majority in greece is orthodox.
about christian ethics read niche.
Bonus points if you read how his name is spelled on the cover of said tome. |
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Full nodes are pretty easy to fake by calling home to an actual node. There's a reason this direction hasn't been taken.
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Thanks for the honest sentiment Holliday.
My main quibble is that an increase doesn't automatically mean max blocks forever. If we went to a 4MB max tomorrow, chances are the avg blocksize would stay on the same trajectory. Bigger blocks are actually a deterrent to large scale spam attacks imo because it means more of their fees will be collected vs dropped from mempool with the potential to be recycled.
Limiting the number of peers you will allow to your node in line with your bandwidth and data cap limitations seems a reasonable response vs halting the capacity growth of the entire network. Miners also have limits as to what makes sense for them, too big of a block means an undue orphan risk... a free market check on blocksize growth.
It really comes down to whether you think the fee market should be forced into existence now, around the halving to 12.5 block reward, or whether it should develop more asymptotically to the decreasing block reward. I've heard all about the bitcoin as gold argument, where you can just stash some keys away and change the world... but as an open source protocol you need a bit more in addition to being first... you need to be the best. We don't have the benefit of the periodic table in this sphere.
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I think the coin's price before this year ends will be $50000.  |
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Wonder future has bitcoin. All new generations will be using in purchasing and sellings. |
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It may be possible that the price reach $500 this month. The same exact fucking join date, sequentially in the same thread, and the same content... the bane of these fora I tell ya. |
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