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1781  Alternate cryptocurrencies / Speculation (Altcoins) / Re: ETH price soaring. Are you going to move some BTC into ETH? on: December 02, 2016, 05:27:02 PM
It is funny to see that even though ETH has dropped significantly in the last days the price of it is still higher then it was when OP was made. To be more precise it was 0.0066 BTC in February 6 and it is 0.011 BTC now. Idk what will happen in the future, there are chances it will drop even more, but for now OP was right - ETH was cheap then, compared to today's price.

You shouldn't speak too soon, you know. 0.01 is breached and volume is still lacklustre. Zooming the chart out to the 3D or 1W, this is following the pattern of a classical crypto bubble.
1782  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 02, 2016, 09:18:51 AM
You registered this account when price was between $50 and $100. Judging by your first posts however, I get the feeling that's either not your first account on here, or you've been exposed to Bitcoin before registering. If that's the case, all bets are off, depending on whether you seized the very early opportunity or not (no shame if it's the latter -- I'm just mentioning the possibilities).

Because of that uncertainty, to stay within semi-acceptable (to me Cheesy) confidence, I'll have to give a pretty wide range. Say: More than 100, less than 5000.

(edit) Your estimate is a bit off, but less than an OOM, so ¯\_(ツ)_/¯

I'm flattered for sure, but I'm just a scrawny 2013'er such as yourself*. I learnt about Bitcoin end of Feb, when it hit its old ATH (and my mind hasn't been stirred like it since).

You gave away .3 BTC in your competition, so you must have at least 100 I think. I also remember you making a good call on the main bubble, and looking at your posts in Jan 2015, during the darkest hour, you were unwavering.

*presumably.
1783  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 01, 2016, 11:17:18 PM
We're doing a guessing game? I like it.

How about: make a guess for the poster you're responding to, who in turn makes a guess about you.

(pointless, I know, but fun Cheesy)

Wee, I wanna play. 200 BTC.
1784  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 01, 2016, 06:59:32 PM
In recent times, I have been making various attempts to avoid disclosing too many specifics regarding exactly how many coins that I hold, but surely, there is some information out there in which you could get ball park ideas.

Based on this post, and your earlier posts about your average cost per coin, here is my approximate estimate regarding the number of coins that you own.


Approximate amount invested:  4.53 x $750 = $3,400

Based on my foggy memory - estimated average cost per coin:  $150

Approximate current number of coins held:   $3400 / $150 = 22.67  ( 1/one millionth of the total BTC supply)

You're an order of magnitude off surely -  4.5 x $10,000 = $45,000 CAD. He'd have to sell many more coins than 4-5 to recoup his principal at current prices.
1785  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 01, 2016, 09:34:41 AM
Top, double top, triple top, quadruple top... perhaps the realization will come that this may not be a top at all...
1786  Alternate cryptocurrencies / Speculation (Altcoins) / Re: ETH price soaring. Are you going to move some BTC into ETH? on: November 30, 2016, 11:59:41 AM
R3CEV is more Hyperledger/IBM related as far as I know, Ethereum is backed by other single companies like Reuters, JP Morgan, Santander and Microsoft. They have been collaborating but R3CEV doesn't have much to do with the EF.

I just don't see it as positive for any coin relying on such institutional support. That includes XRP as well.

So sub $5 coming? ... always said so, it went too quick from less than $1 to $20 ... needs to consolidate in 50cents to $2 range for a few years first.

I can see why you don't trade.
1787  Alternate cryptocurrencies / Speculation (Altcoins) / Re: ETH price soaring. Are you going to move some BTC into ETH? on: November 29, 2016, 10:51:31 AM
Maybe after a few more hard forks, the Ethereum will become better and the big institutions will use it so the price will rise.

Haven't a lot of the big banks pulled out of R3CEV recently? That's not going to buoy confidence in their commitment to the Ethereum Project.
1788  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 29, 2016, 08:59:54 AM
Bitcoin is too fragile to be used for 'global economic unity' or anything like that. Try to think in a timespan of beyond 20 years in which it will definitely be hacked/cracked by then or they will find some way to keep the network from functioning in some way or the other. In a best case scenario, we briefly touch something like $20,000 in a speculative bubble before crashing. That is the play here.

No, you have it the wrong way round. Humans are too fragile to be here in 20 years to use Bitcoin. We will be hacked/cracked or some other way to disrupt our network will be found.
1789  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 28, 2016, 07:25:25 PM
I see what you see in addition to other indicators. The trick is to look at the indicators and not with your heart. For those looking for an upward price tend to only see things that support this ( I too want the price to go up, unfortunately "wanting it" does not make it happen).

Below is the 3d chart from Bitfinex: Note the orange arrow with a Doji and the green arrow shows the confirmation. And the red circle denotes the "Crossover - As shown in the chart below, when the MACD (white line) falls below the signal line (orange line), it is a bearish signal, which indicates that it may be time to sell."


Could be a fakeout, as we had this before the May/June rally. With the uncertainty surrounding Segwit, I wouldn't be sure on that, of course.
1790  Alternate cryptocurrencies / Speculation (Altcoins) / Re: ETH price soaring. Are you going to move some BTC into ETH? on: November 27, 2016, 08:08:41 PM
It seems that way, this last issue was just too much for the market really, fork after fork, attack after attack. Yes it all remains the same and they work out every one of them but it's getting tired with no real good news in the horizon. Bitcoin is also dumping, if it was close to $800 the price of Ether would be around those levels already if not below.

The chart has looked bearish to me for a while. The rise up to Devcon lulled people into a false sense of security - the perfect precondition for fear. I'm expecting a big move with BTC50,000+ volume on Polo, but for now I wait patiently.
1791  Alternate cryptocurrencies / Speculation (Altcoins) / Re: ETH price soaring. Are you going to move some BTC into ETH? on: November 27, 2016, 01:28:16 PM
Next support looks like ~$7. will probably coincide with BTC0.01.
1792  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 23, 2016, 09:07:33 AM
Face it. Slow accumulation of a nest egg is pretty boring.

It is mighty fun to secretly admire that egg with a gleam in one's eye though. Cool
1793  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: Steemit.com: Blogging is the new Mining on: November 21, 2016, 08:21:34 AM
Erm, a bit early to say that the chart is turning is it not? It still hasn't broken the downtrend and is near all time lows.
1794  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 21, 2016, 08:09:42 AM
nope. if someone had the private key the only thing that means is that they have satoshi's private key. they could've found it, been sent it, bought it, tortured it out of him. anyone on the planet could do that.

that doesn't prove you're satoshi by any means.

by extra mile i mean providing research and evidence you'd been looking into bitcoin's creation for years before.
1795  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 20, 2016, 11:07:49 AM
What if you're trade altcoins against btc but never sell the btc. Do you pay taxes even if you haven't sold,  

No. The taxable event is the selling of some asset for governmentally-recognized money - such as USD.

I don't believe that is the case. If it were, people would bypass fiat to avoid taxation - maybe via precious metals, gemstones, vouchers, etc. A tax authority would be unlikely to condone such a loophole.
1796  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 19, 2016, 06:01:30 AM
So ... segwit lockin failed after 20 hours.

Took over a month for support for the other BIPS to reach 95% threshold, so that's not a shocker.
1797  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 19, 2016, 01:55:52 AM
In May,  they were saying the same thing about how the price had touched $470 on 6 occasions over 5 months so supposedly it wouldn't pass.

Ah, "The Bitcoin Ne'er 500 Again" posse. Halving priced in they said, sell before the crowds they insisted. What geniuses!


We don't need you elitist logic.

MAKE BITCOIN GREAT AGAIN!!!!

 Grin
1798  Alternate cryptocurrencies / Speculation (Altcoins) / Re: ETH under 10$!!! on: November 18, 2016, 09:41:35 AM
You people were warned long ago that this house of cards would collapse. Long before the DAO even. Eth will never recover and it shouldn't for such a large litany of reasons that if you can't find them you deserve to go down with the ship.

Looks like the bubble may be finally deflating. Just hit a new post-bubbly low of BTC0.0123. Around this junction I'd expect hodlers to start experiencing nervous tension...
1799  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 18, 2016, 05:11:20 AM
Nonetheless, despite a multitude of vocal opposition to seg wit, I really think when push comes to shove, these folks (such as mining nodes) are not going to be so stupid as to sabotage their own prosperity and to continue to support any kind of opposition to seg wit, with stupid-ass, contradictory, technically inadequate, fundamentally dangerous and largely baseless objections to a largely non-controversial implementation.

Relying on folk to not be stupid doesn't sound like a great formula for success. Forces in war have continued fighting long after it was obvious to everyone they had lost - and they were staking not merely their money but their lives.
1800  Bitcoin / Development & Technical Discussion / Re: Post your SegWit questions here - open discussion - big week for Bitcoin! on: November 17, 2016, 11:58:34 PM
Is this a possibility?

I highly doubt someone will hinder adoption or make it lower in any way. Whoever does it would be hurting himself too.

Possibility? Seems like a probability to me. Bitcoin.com and ViaBTC are sustaining ~10% of the hashing power meaning they can veto the upgrade and they seem ideologically bent on on-chain, block-size scaling.
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