8000% profit, still , as opposed to 27000% profit 10 months ago.. numbers are getting so big I don't even bother to understand them.... Pending between 300 and 600 kind of reminds me pending between 4 and 7 or something. I didn't care about a downtrend back then, why should I care now?

What makes you think I believe this forum has any effect on the price? I don't. So let's not make this personal.

However, impeccable manipulation requires 100% effort. Ever heard of the butterfly effect? If not, google it. We might think that a forum obviously has no effect on the price but sometimes the only thing left to trigger panic buying/selling is the one that is the least expected.

edit:

That's a good idea.


Having nothing to gain and having nothing to lose are two separate things. Are you out from all cryptos or just BTC? Btw, the price could fall as low as 150$ per BTC so I'm not arguing with the bears. However, I personally expect cryptos to meet at least one more giant bubble and thus I am not getting into fiat, it's not worth the risk because every day the trend might reverse.

Every day I see this annoying spam about falllling and igorr and what not being right about the everlasting continuation of the Bitcoin's decline. This made me wonder what their real agenda is. Doing it for a "hobby" and to "spread the truth" simply does not sound plausible. Especially from a newly created account.

My personal opinion is that we are witnessing price manipulation. Perhaps the bear zealots are even paid by the manipulator? But all that alone is not big enough conspiracy for my calibre. So, to make this topic a bit more interesting I propose the true underlying masterplan.

Bear zealots are actively establishing reputation right now. They are currently not very trustworthy because their user accounts are rather new and this is the first time we witness such manipulation and (paid) bear propaganda. The manipulator is a smart dude and looks many years into the future. When the current trend reverses and we experience some new bull run the zealots will disappear only to return again before the new manipulation cycle. However, next time they will be listened because they can actually link to their posts made in 2014. During the next manipulation cycle when the bear zealots start their propaganda people will act upon it in the anticipation of a 6-month steady decline.

TLDR: The bear zealots are actually sort of a long-term investment for the manipulator. He expects to reap the real profit during the next manipulation cycle.


(Pic related: a bear zealot)

This is actually good. They are forced to sell the coins for low prices

OP you're missing one thing --- other cryptos. Bitcoin may eventually go to 20$ while PeerCoin reaches 1000$ for example. Then you'd be a stupid fuck for buying into a dying asset . Anyway, market confidence sets a limit to this downfall. However, I can understand OP's logic --- he got out and now it only profits him if many other people get out too. I did similarly just before PeerCoin's last parabolic rise. I quickly bought in and started spamming the crap out of the trollbox and forums telling everyone about Nubits. Made me quite a nice profit but such propagation is very subjective and thus should only be taken with a grain of salt.

Does not compute. Check the syntax or something.

speaking of alibaba... what if the china people dumped their BTC to pump up the alibaba just before westerners were able to buy in. now the Chinese will dump the alibaba, westerners will lose money big time and Chinise will jump into bitcoin again.

So, again I'm quoting Max Planck on this...

It's good to have these banksters commiting suicides and what not but there are still many old men left to die so that bitcoin would face a fair evaluation that is not contaminated by the agenda of the current ruling elite.

It's always funny to read the comments of those technically challenged people who are still stuck in the thinking that bitcoins are worthless because they have no physical form. Often times I skip the article just to read the comments.

edit:

Many people hope so bad that bitcoin would fail because they have been stupid enough to make this whole thing a question of them being idiots or not. If bitcoin succeeds so many people will have to eat their own words. Major butthurt epidemic is coming soon.

But it already did! Now it's just the question of how rich will it make me. I haven't worked as an employee for 2 years, just developing my bitcoin-related hobby projects. Sleeping 12 hours a day. Life sure is good if you're not enslaved by banks or by your employer.

True, RAM indeed is a problem. I have to regularly restart one of my stationary laptops that runs bitcoin-core because it crashes after a week of uptime, throwing some system error. If the number of unconfirmed transactions becomes too big or starts taking too much memory then why not put that in a file too?


Yes, I also suggested that idea to the PeerCoin community. However, if you think about it, sending a small TX once in a year to your cold storage addresses is really not that difficult. You would obviously check your cold storage anyway to see whether it is still there and intact. If a year is too short time then make it 5 years. The point is not to penalize cold storages but to prune unspendable dust transactions.

Damn, as BTC falls I get more and more the feeling that NuBits is going to replace bitcoin. It is crypto and it is not volatile. If I want out from Bitcoin or some altcoin I'd simply get into nubits rather than USD because I can only hold USD on an exchange but nubits can be held in cold storage. win win

This system is just stupid. An average Joe does not need to buy a large amount of bitcoins at once. That activity thus cannot be a possible act of money laundering or terrorism funding. The laws should be changed in a way that anyone can sell bitcoins without any paperwork needed just as if the sold bitcoins were post cards or what ever. It's simply against the common sense to make it possible for only well funded companies with lots of lawyers to sell commodities such as bitcoins. AML and KNC laws should only apply for larger quantities of bitcoins being sold. If I sell 1 bitcoin a day at maximum then why demand complicated paperwork and certificates? The way Circle wants to solve the problem is like fighting with the symptoms and this is definitely not a long term solution because it is ineffective. It generates friction in the form of bureaucracy.

I don't think my self-importance has anything to do with it. I just brought myself as a hypothetical example. If paypal accepts bitcoin they can as well as sell bitcoins themselves. I still don't see what Circle has to offer that other could not. Think of it, if Circle could do it, exchanges could also do it. So I could go to BitStamp and just directly buy bitcoins from the order book without having to register a Bitstamp account. If every exchange implemented such simplicity for buying bitcoins then Circle would be pointless. Now the question is --- why don't other exchanges implement it? Every exchange could be an alternative to Circle.

edit:
btw your claim is wrong. There was a place btc-dealer.com which allowed instantly buying bitcoins with a credit card.

You don't need Circle for that! What the hell. All the verification trouble is because of LAWS not because lack of painless service. We need laws to change. Circle is nothing new. If they didn't put me in jail I'd be selling bitcoins as commodity myself over the iPizza protocol as if I operated just another online shop. However, I cannot do this because police will immediately fuck me up for that. How can Circle get past police and I don't? Does not compute.

What's so new about that? It is already as painless as it could be. Just transfer your fiat to an exchange, use bitcoin atm or find someone from localbitcoins.

I quickly read the info about them and their about section but I still don't know what the hell are they trying to achieve and why does it matter. Can anyone explain?

I don't see a problem here. We have minimum output size and transaction fees in place to prevent dust transactions and malicious spam. Satoshi Dice and services like that are more of a problem than proof of existence. Things may change for the better when Open Transaction gets implemented. Alternatively, such messages can also be stored in other block chains. I have plans to integrate DogeCoin and some others in the future. Also, I'd like to emphasize that CryptoGraffiti was initially designed to archive the already stored messages in hope of discovering some hidden secrets. Even if I disabled the write functionality, it would still be trivial to write a custom message into the block chain.

About block chain pruning, even if it is programmatically possible to analyse the transaction outputs and delete outputs with low enough entropy, the messages could just be compressed as a zlib stream (which I have planned to implement in the future).

However, here's an idea that just came to my mind: outputs that have not received a transaction for 1 year should gradually lose their bitcoins (demurrage). If the address represents a cold storage, its owner should at least once in a year send a dust transaction to their cold storage addresses so that demurrage wouldn't apply.  If you have some important proof of existence stored in the block chain, you should also make sure to send dust transactions to it so that it wouldn't be affected by demurrage and thus be eventually pruned.

I was just about to mention that possibility.

Someone is getting a hell lot of cheap coins these days. By the way, some time ago the price spiked 60$ in a couple of hours. Perhaps the manipulator was testing the market to see if it catches on and another bubble could start?

We have so many of those trolls suddenly caring so much about other people's bitcoins that it's suspicious. Why would you desperately want to convince others to sell before it's too late? I sure don't care what other people do with their money, why would someone else?

Anyway, speaking of the thieves. Is it really so easy to sell stolen bitcoins? Are they not tracked or anything? I would suggest pumping and dumping with stolen coins rather than trying to cash them out directly. We could be experiencing a giant bitcoin dump right now. If I had like 800k bitcoins lying around, I'd manipulate the fuck out of the market , so that's probably what's happening.

luck? luck has a funny way to turn.