Isn't that just evil of you Tera, dee bera?

you have no nurturing bone in your whole bear imitating a bull body, maybe too many of your cubs got eaten in your bear youth, causing you to be so jaded, and you just feel vengeful in your desires to witness the suffering of others.

It seems that the odds of plunging below $6k are pretty low, absent some pretty decently sized FUD.. and we do recognize that it is quite likely that the Bcash dickheads have not given up on their various cards that they plan to play in prep for anarcapulco that is coming at the end of this week.. so perhaps there will be some strategically planned FUD, Bcash pumpening and bcash spammening that can combine to provide a 1-2-3 attack.. that could cause some BTC selling at within this price range (even though a lot of folks had been thinking that the BTC price bottom had already been in)..

Further, there surely is a motive to attempt to force close a lot of margin longs off of Bitfinex, as was mentioned by HairyMac and the Bitfinex long to short ratio, which may exist on other margin exchanges too?

I have no problem with frank talk; however, there is something else that is underlying your word choice that is likely interfering with your thinking about this matter.... you see you called it "ass kissing," and sure, I have as many problems as the next guy regarding hierarchy and even dislike for peeps who abuse their authority, rank or position... but you don't necessarily need to consider the whole matter as ass kissing in order to be able to think more positively about the matter, which is merely an attempt to be civil to other people and to back up what you are saying, and if you are challenging things, then have facts and logic that back up your points.  Sometimes, even if some members do not like your facts and logic, other members may like what you say and decide to merit your post for any subjective reason, including that you might have caused them to think about a subject differently or that you were willing to say something that others would not say, so in the end, there are ways to get merits in this system, and furthermore, Theymos is not the ONLY one who gives out merits.

First, I will concede that when I used the "we are fucked" expression, I am presuming the vast majority of WO thread participants who come to this thread to learn about bitcoin, and are generally pro bitcoin and the various tangential developments around it.  So, in that sense, I am using a kind of variation of the "royal we" to ascribe some sentiments to the vast majority of guys and gal who are involved in the thread to be largely better off with rising bitcoin prices rather than lowering bitcoin prices.

Second, I am prepared for down, even though I exaggerated a bit about the we being fucked thing.. but of course, I am better off with rising BTC prices rather than falling prices, even though I do take decent mitigating actions to attempt to profit from any downfalls in the BTC price by buying on the way down.

Third, let's assume that I was going to be fucked to death and you are merely referring to my bank of smerits, you would likely be somewhere near the bottom of any list of final distribution that I would make....   You are ranking pretty low on any good will that I have, and part of my lacking of good will towards you remains that I have a suspicion that you are probably in violation of forum rules, and you are a previous banned member who is using a new account with an attempt to get around forum rules.  So likely your days are numbered..      


Nothing wrong with that, as long as you are mostly buying on the way down and selling on the way up, so if you end up selling on bounces, you should not be selling really large portions, because your net preparation should be for UP, rather than DOWN, because it is most likely that we are at the bottom of our various corrections, and if you sell too many on the way UP, then you are not going to be adequately prepared for UP... so ultimately, you need to prepare for both UP and DOWN... not just DOWN - especially when the odds are not in favor of such DOWNity, as I repeated already, several times.

The question is not for you, newbie, because if you read the contents of the post and the set up, we are already assuming an incrementalist practice of buying on the way down.

You assume a different kind of gambling scenario, when it appears to be a pretty big stretch to assume that this correction would be 90% to 95%... and that you would wait to buy in that range.. because it seems pretty unlikely to reach such range, so your odds of winning seem pretty low... still in the less than 5% arena.. so it seems to me.

Like I already said, newbie, it does not matter until it gets down to $7k-ish or perhaps $6,666... then we are fucked... that is if it gets there.  

jbreher:  I don't know if you response adequately outlines what you actually would do in such a extreme downwardly volatile situation.  Are you suggesting that at certain price points you would stop buying, or do you just change the amounts and the increments?

Let's just concede that our recent price run of BTC went up to $20k, and you had been pretty much selling incrementally all the way up to nearly that price point.  Therefore you had accumulated a decent amount of a stash of fiat to buy back BTC all the way down to $6k, which was about a 70% price correction. 

How much further down could the BTC price go before you would stop buying?  Were you prepared for 85%, which would have been around $3k?  or 90%, which would have been around $2k? or 95%, which would have been around $1k? or 97.5%, which would have been around $500?
 
Let's talk real world numbers and the extent of your plan past 70% down.... We did get to witness 70% down in the real world and numbers like that really do put stresses on a large number of plans, and some folks had to rethink their plans and even to completely change their plans because they might not have been psychologically or financially prepared for anything much beyond 35% (which in this case was around $13k).  We actually witnessed several live participants of the WO thread panicking around 35% correction.. and even if they did not completely panick they engaged in a kind of conduct that was a bit contrary to having had a good plan that they could actually follow in the real world of bitcoin, which involves downward price corrections that go beyond rational expectations..

I am happy with a few orders filling in a day, and I am thinking that in the future, I would likely be happy with a few orders filling per week.

I also don't play around with margin trading because it seems too risky, just on the face of it seems like a kind of gambling to me, unless there are ways to just employ it as a hedge... but seems too complicated for the most part. 

Largely, I am happy with just preserving the status quo of my BTC holdings (which I guess is mostly just an attempt at preservation of principle) and counting on long term BTC price appreciation for accumulation of wealth, rather than practices that feel like gambling (and certainly any kind of margin trading would feel like gambling to me).   

you must be a bot


A starbot

What is happening on February 23?

I actually think that we have decent chances of going up, or otherwise, maybe it is still safe if BTC prices were to continue to bounce around between $7k and $10k, but I am going to start to get nervous if $7k gets broken... because that just puts prices closer to $6,666.66..    

 0n the opposite end, I won't be so nervous if $10k resistance gets broken.. since that is the preferable direction, anyhow... and takes us further away from those lower price areas and closer to $11,111.11..and probably if we were to stay above $10k for a while, further support would develop to allow a bit of comfort that the floor is in.... still too early to tell though, right?

I hope not.

If we go below $6,666, then we be fucked, and $3k be in the realm of possibilities, so I prefer not to go below $6,666.

NO one is going to confirm nuttin, unless you provide a modest reward, and don't be cheap about it.  

Micgoossens offers .25 BTC to  participants in his games.


Or this will work, too.... hahahahahaha

O.k.  I take everything meanie back too... and I suppose that we should make up now?






Seems like it is going to take a while to compete some of these exchanges out of the market, whether that is the creation of decentralized exchanges or some other remedy to decrease the third party exchange difficulties.

I do think that the more active that you are in the cryptospace, the more experiences that you are going to have which likely increase possibilities for issues to come up, whether exchanges or otherwise, so I don't mind sharing some of my experiences to the extent that they may be helpful to others (or myself), which might make the quantity of my issues seem higher in proportion than they are. 

For example, if you completely keep your BTC off exchanges and you do not engage in bitcoin related activities, then likely you will have fewer issues, besides just forgetting how to use bitcoin, perhaps?

It seems that I was sufficiently lucky NOT to lose any money in Gox based on my late 2013 entry into bitcoin, and I was not quite at the point of sending money to GOX before they collapsed in February 2014. 

I registered my account here in late February 2014, after Gox; however, I recall that on other bitcoin threads there were several folks posting about how they were planning to send money to Gox for arbitrage opportunities - and fuck, I suppose that many of those folks would have lost their money, if they had sent it in late 2013 or early 2014.

Sounds like you are preaching something, oh wise Jojo.   

Let me 'splain this to you, you patronizing fuck. 

I am just describing something bitcoin related, which does not really have much to do with your attempted "what I want" recharacterization, except for the fact that I mentioned if anyone might know about some additional actions that I could take to expedite or to share their information, and this would be an attempt at brainstorming to the extent that anyone is interested in such a circumstances. 

I have already learned a long fucking time ago regarding dealing with a variety of financial institutions that delays can happen and shit can happen too, and also that you don't want to put all your eggs in one basket in order to become desperate or panic because of some things that are out of your control...   anything involving 3rd parties can include giving up some control.

 So, yeah, I am already taking measures to deal with my lack of access to my GDAX account.... and I understand that I could be out of access to that GDAX account for a couple more weeks... especially when there is a lot of growing pains out there in the crypto space regarding demands on support.  Actually, in this case, I was surprised about the availability of a support phone number, because I think that the last time that I had an issue, last year, there was not a support phone line.

TLDR: I've been locked out of bitcoin accounts and other accounts before, so I am not new to the inconveniences of account lock outs rodeo.   

I don't want to talk too much about my own specific security measures; however, in early 2017, I had several accounts bitcoin accounts hacked into due to a forced phone porting and simultaneous taking over of a couple of my e-mail accounts.., which did not have Google authenticator at the time, but used 2 factor sms.   So, the attack was well coordinated and seemed to have involved a team based on how many things were occurring simultaneously and how many activities that they were able to take over... including multiple logging into accounts from different locations and  I have taken additional security measures regarding that in terms of the forced phone porting issue, and increasing the security of my e-mail accounts and even my bitcoin accounts.

I would think that most members should be able to rank up to member status (which is currently 10 merits as we should recognize) as long as they can draft intelligible posts.  You have already received 4 merits, so you only have 6 merits to go in order to be able to rank up to member status.   However, it does seem that the higher ranks may be a bit more challenging to achieve, and I suppose that was part of the intention behind the change in the system (in other words a feature rather than a bug), and yep, to get merit, members are going to need to attempt to create interesting and interactive posts in order to receive merit points from other members.

Hey guys and gal:  I have some GDAX issues of what appears to be frozen GDAX trading based on my creating a support ticket, and a slow response from them.  Here's the context of two issues.

Issue 1) Last Monday 2/5, I requested a $500 transfer from my USA bank account (Bank of America) to GDAX, and on Thursday 2/8, I received an email from GDAX saying that my $500 transfer request had been stopped by my bank, and I also noticed that my bank account link had been removed from GDAX. 

Accordingly, I called my bank in an attempt to clarify whether there was a problem on their end.  The BOA support person said that he could not see any transaction on his end, so I decided to make another attempt through GDAX to relink my BOA account, and to request the $500 again. GDAX did not allow me to relink my BOA account (and it appeared that the BOA account had been blocked from being able to be linked, even though it showed up as one of the options of bank accounts available).  I created a GDAX support ticket describing issue 1.

Issue 2) On Thursday 2/8, I received an e-mail from Coinbase (at about the same time as I had received my stopped bank transfer request e-mail from GDAX regarding issue 1, above) saying that a previously hacked GDAX account (from February 2017) that I had been using, but no longer was using, had been denied my bank limit request increase.  I had not made any such a limit request increase for that hacked GDAX account, because I had not been using that hacked GDAX account.  At about the same time that I had sent my Issue 1 support ticket, I sent an e-mail to Coinbase support using the same string of communications from my February 2017 hack communications and asserted that I had not been using such hacked GDAX account, and I had not made any request to increase my limits for that hacked GDAX account.

Additional facts: Within hours of my submitting my GDAX issue 1 support ticket and my issue 2 e-mail to support, trading on my regular GDAX account was disabled, and then a few hours later, I was no longer able to sign into my regular GDAX account, even though I could still sign into Coinbase.   I don't know which of the two issues or if both had caused my disabled GDAX trade and my subsequent cut off from signing into GDAX, but on 2/10, I called GDAX support phone number, and the representative verified that they had a support ticket for issue 1.  She did not verify further what was going on on their end, and said that she could not help me, but instead my problem had to be referred to a GDAX support specialist, which she made such referral to a GDAX support specialist.  Therefore, I have been cut off from GDAX trading and ability to sign in to GDAX for about five days, and it has been nearly 3 days since my phone call to GDAX support was referred to the GDAX support specialist with no communication from them, so far.

Questions:

Currently, I am thinking that I am shit out of luck until the GDAX support specialist communicates back with me, and maybe I won't be able to do much, until a few more days pass, and then I perhaps I can follow up by calling up support again to check on the status.

Anyone have similar circumstances to mine?

Anyone have any suggestions regarding possible ways to attempt to expedite the processing of my frozen GDAX trading matter?

I certainly don't know what is going on, either. 

My understanding is that if there is so much confidence that BTC price are going up, and a large number of traders are betting margin longs, then that creates a really LARGE incentive for bearwhales to push the price in the opposite direction to force the longs to close. 

Accordingly, the forcing of the longs to close can then cause a cascading effect that allows for the bears to make much more money than it costs them to push the price down.

On the other hand, if the large number of traders betting for BTC prices to go UP are correct, then the ones betting on UP make a lot of money in that direction too....   I think that ultimately the considerably large ratio of longs to shorts does not tell us the price direction; however, it does likely tell us that in order to get BTC prices to move in either direction, there is going to be a necessity to spend a considerable amount of value in this price range to battle for your preferred direction.. which signifies a need for a decent amount of volume to get the BTC price to move either direction based on the way that the bets are currently laid. 

TLDR:  Seems that we are in a critical battle price range....

InvoKing is referring to a situation in which you only have 1 post for an activity period, so if that ONLY post for that activity period were deleted, then you lose all the points for that activity period. 

Since when did anecdotal evidence support an accurate theory about system wide application?  Probably you need a bit more evidence if you would like to accurately claim that some cases, even if true, are reflective of a system wide application.