It's not so much what whales know already, it's what almost everyone knows now. The secret is out that bitcoin is a perpetually declining asset. I can't believe it has taken this long for everyone to realize this simple fact. Short it and short it big. You can't lose.
I hope you're in this longer than your forum account. This isn't the first time Bitcoin has seen times this dire. People can only short Bitcoin for so long, keep that in mind!What are you butthurt for? It's their money... If they lose it shorting, then good for you since you're long. If you really think the shorts are doing the wrong thing and you're long, why stop them? Let them continue.  I guess you're right. I'm here for the speculation. And I guess I like giving my two cents to people, maybe even see them reconsider their positions. But sure, people are in this game with their own money and I can't stop them from making bad decisions. Yup. Don't stop them. Whether the decision is good or bad depends on what's going to happen in the markets. Well, after all, I could also be wrong and being (long term) long may be the wrong decision Key is not to listen to trolls and people with an own agenda on the Internet, I guess... Yeah... Like you don't have a personal agenda. Not even hiding it, am I?  There's a huge difference between making founded comments and engaging in speculation and downright proclaiming that BTC "will fail", "go to $1" or "go to the moon, see you at $1m"! Like you didn't buy more at these levels... LOL |
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I love this... I know swaps have proven to be a quite bad indicator of impending movements but longs still going down and shorts this high... At some point they will have to close. And if we go down even further there'll be enough buying pressure to kick us out of the 2014 downtrend for sure!
As long as BTC keeps going down, they will not close. Sure they will. People who make money close their shorts from time to time, so as not to lose money in an upwards-correction. But if shorts continue to pile up, this may lead to a cascade at some point, wiping out many positions at once. One hell of a sight Again, we'll see. This could go either way. The important thing is always be ready whatever direction the trend goes. |
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I know this is your standard noob question but being new to bitcoin/cryptocurrency i thought it would be worth asking. With the price down to ~$200 is now the time to be buying them? Ive read some of the horror stories of people losing 30k etc and that's more than a lifetime of savings which if i had couldn't even comprehend losing. At the moment ive bought my first btc but am now worried of a potential crash.
I know you shouldnt risk what you cant afford to lose but you have to take some risks i suppose.
Im guessing this may be a question better asked to a crystal ball?
thanks and apologies if this gets asked everyday.
It's a really good time to invest in Bitcoin. I say... Take the plunge. |
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Let's all hope they wouldn't be dumping BTC in the market. Why would they do that. An increase in usage and utility also means an increase in demand for the tokens used (Bitcoins). I don't really see a scenario in which this is bad news for Bitcoin's price... But I'm talking about what's going on right now. We see projects like Factom and Ethereum selling for fiat to keep and maintain their operations going. That's why I said.. "Let's all hope they wouldn't be dumping BTC in the market." There's a huge difference between VC capitalists from Wall Street, Silicon Valley (or wherever) investing huge FIAT sums into companies involved in the Bitcoin technology and companies who are being crowdfunded by BTC (Ethereum comes to mind). The companies in Silicon Valley don't need to dump BTC, they're funded using USD! Well then. Let's have that killer app. |
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It's not so much what whales know already, it's what almost everyone knows now. The secret is out that bitcoin is a perpetually declining asset. I can't believe it has taken this long for everyone to realize this simple fact. Short it and short it big. You can't lose.
I hope you're in this longer than your forum account. This isn't the first time Bitcoin has seen times this dire. People can only short Bitcoin for so long, keep that in mind!What are you butthurt for? It's their money... If they lose it shorting, then good for you since you're long. If you really think the shorts are doing the wrong thing and you're long, why stop them? Let them continue. I guess you're right. I'm here for the speculation. And I guess I like giving my two cents to people, maybe even see them reconsider their positions. But sure, people are in this game with their own money and I can't stop them from making bad decisions. Yup. Don't stop them. Whether the decision is good or bad depends on what's going to happen in the markets. Well, after all, I could also be wrong and being (long term) long may be the wrong decision Key is not to listen to trolls and people with an own agenda on the Internet, I guess... Yeah... Like you don't have a personal agenda. |
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It's not so much what whales know already, it's what almost everyone knows now. The secret is out that bitcoin is a perpetually declining asset. I can't believe it has taken this long for everyone to realize this simple fact. Short it and short it big. You can't lose.
I hope you're in this longer than your forum account. This isn't the first time Bitcoin has seen times this dire. People can only short Bitcoin for so long, keep that in mind!What are you butthurt for? It's their money... If they lose it shorting, then good for you since you're long. If you really think the shorts are doing the wrong thing and you're long, why stop them? Let them continue. I guess you're right. I'm here for the speculation. And I guess I like giving my two cents to people, maybe even see them reconsider their positions. But sure, people are in this game with their own money and I can't stop them from making bad decisions. Yup. Don't stop them. Whether the decision is good or bad depends on what's going to happen in the markets. |
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Let's all hope they wouldn't be dumping BTC in the market. Why would they do that. An increase in usage and utility also means an increase in demand for the tokens used (Bitcoins). I don't really see a scenario in which this is bad news for Bitcoin's price... But I'm talking about what's going on right now. We see projects like Factom and Ethereum selling for fiat to keep and maintain their operations going. That's why I said.. "Let's all hope they wouldn't be dumping BTC in the market." |
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I love this... I know swaps have proven to be a quite bad indicator of impending movements but longs still going down and shorts this high... At some point they will have to close. And if we go down even further there'll be enough buying pressure to kick us out of the 2014 downtrend for sure!
As long as BTC keeps going down, they will not close. |
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It's not so much what whales know already, it's what almost everyone knows now. The secret is out that bitcoin is a perpetually declining asset. I can't believe it has taken this long for everyone to realize this simple fact. Short it and short it big. You can't lose.
I hope you're in this longer than your forum account. This isn't the first time Bitcoin has seen times this dire. People can only short Bitcoin for so long, keep that in mind!What are you butthurt for? It's their money... If they lose it shorting, then good for you since you're long. If you really think the shorts are doing the wrong thing and you're long, why stop them? Let them continue. |
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Well even if I *do* buy most of the Willy report, we're now approaching a long-term trendline drawn without the gox-bubbles! Once again, I feel capitulation kicking in. Shorting now may be dangerous! Maybe... We'll see. Also, keep in mind that we've seen Bitcoin go up 100x before Willy was active You have to take a step back from the timeframes outlined in the Willy report and see that there have been bubbles before our beloved bot began buying as if there's no tomorrow! Again... We'll see. I'm an open mind. But looking at the charts right now, it's still trending down. |
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So... the reason for you to call it a crap coin is because it has low volume? You gotta be kidding me. Yup. Because it means no one is interested in buying it. Now why is that? Maybe the team behind it sucks who knows... There's no marketing for the coin, no merchants.. Maybe there is, but it's not making a dent in the already saturated altcoin market. What about funding? How many months more do they have until they burn all their money? And who are the devs behind this coin? These questions have been answered several times in their official thread, you need to just find the time to read. The developer goes by the name 'syntaks' who is always up on IRC and Twitter and is happy to answer whatever you throw at him. Just get 15 minutes to chat with him and you'll know. k |
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Well even if I *do* buy most of the Willy report, we're now approaching a long-term trendline drawn without the gox-bubbles! Once again, I feel capitulation kicking in. Shorting now may be dangerous! Maybe... We'll see. |
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All time high of shorts at Bitfinex. Does some big whale know something?  Well could also be that they're getting more desperate by the minute. A rising amount of shorts is an indicator for a bad market sentiment, yeah. BUT: There's a lot to be squeezed, they already shorted a lot, and the people shorting the last always lose. Yeah... I guess only time will tell what's really gonna happen. |
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Let's all hope they wouldn't be dumping BTC in the market. |
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But this idea that all Bitcoin 2.0 projects are fraudulent
Please, stop. There's no such thing as a “Bitcoin 2.0” project. Bitcoin is at version 0.10, and any project that works on top of Bitcoin but is not Bitcoin, should not be called Bitcoin. I will agree with the above statement. Bitcoin did NOT reach version 1.0 yet and it's still in beta. How are some people creating "Bitcoin 2.0" projects really makes me wonder.... Don't go full nerd about it. |
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As long as the top 1% hold 99.999% of the bitcoins in existence, we will never see $1200. When only the elites, the early adopters and whales, hold the coins, there is no utility to the coins. Just let the coins die. Bitcoin has become millionaire's toy. Even now, they are manipulating the prices, taking coins from the ignorant masses is just like taking candy from a baby.
the problem isn't only that, the problem is that there is also competition with other type of trading, like stocks/gold ecc, so many are forced to hold bitcoin while playing with those others kind of trading it safer to hold right now even for whales(they are probably playing with little money, notice the small swings...) On a downtrending market hedging some to fiat is not a bad decision. If you can borrow some BTC, short it. But like anything... keep your losses small. |
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So... the reason for you to call it a crap coin is because it has low volume? You gotta be kidding me. Yup. Because it means no one is interested in buying it. Now why is that? Maybe the team behind it sucks who knows... There's no marketing for the coin, no merchants.. Maybe there is, but it's not making a dent in the already saturated altcoin market. What about funding? How many months more do they have until they burn all their money? And who are the devs behind this coin? |
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It's the same security model that Ripple was initially advertised to have, but which didn't actually work in practice. The mechanism and conditions appear to be slightly different, and the requirements actually (somewhat) defined, but the fundamental concern remains.
I pointed out back in 2013 that the result of the OpenCoin Ripple model would either result in centralization or a total failure of consensus; and pushed them to formalize their requirements and to specify a procedure that might actually cause them to be met. They didn't. When Ripple was deployed the outcome was centralization, and when they repeated the experiment with Stellar the system spontaneously failed.
Just as with ripple back in 2013 the new Stellar proposal is unable to answer the basic questions about how we can know or guarantee anything about the security of the system. Mazieres and Vitalik describe it as leaving it up to the market and think it will work out. I think it would better be described as leaving security up to chance. And the chances don't look good: leaving it up to the users to ensure a safe and decentralized topology has already failed in practice with a highly similar system _twice_.
I pay attention to these things because I hope to see useful things invented and deployed (for their own sake, and so I can use them in my own project); I also pay attention because I'm concerned about blow-back. _Currently_ people are free to do what they want, here there is tremendous information asymmetry and a host of incentives which are at odds with the public interest (including the fact that the few people like me who can clearly see the problems, have every incentive to say nothing at all; much less enough to be anything but a reed in the wind against a massively funded PR effort); and these efforts raise problems across several domains of law. The result may well be some crazy efforts to regulate the space as a result, which would harm everyone.
I've been watching and waiting. nullc seems to = gmaxwell: https://news.ycombinator.com/item?id=9342348Time to move on. TLDR version? Too technical for me wee brain. |
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