wtf, more and more people are arguing with roach. at least stop quoting him or risk getting ignored by the rest of us WO's.
^^^ Please. This place can be vaguely entertaining and informative when the drivel is removed. Yes. A high % of drivel here atm. Although roach is bigoted and some of his theories are wild, a lot of the replies are pointless ad hominem attacks.. To an impartial observer who has no opinion to start with, roach's posts might have a semblance of logic. Is this akin to the de-platforming of extremist views ? Should free speech be aired in order to debate both the wrong and the right ideas ? If posters really must reply, at least engage with the points made, or ignore. Optimistically, a high % of nonsense posts could (maybe) indicate we are in the bottom-forming phase. |
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Also a first time ever
This is an indicator that the low of roughly $2000 could be setting up for the first half of 2019. Lets get it over and done with, then the new bull market can start in 2020. |
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But the real question is what are the alternatives then?
I do believe that there are too many people in this world, to begin with. But, as far as I've been able to observe, small communities are needed. I think that humanity needs to develop a network of small communities with self-government, based on merits. Platon also spoke about a type of Aristocracy based on philosophy, in where the ruler should be a philosopher. The way he/she should reach the power was based on merits, and on a strong educational system preparing greedless rulers. Well, in an over-populated community, this is impossible to achieve, of course, for, how are you going to develop a trust-system between millions of persons? Of course not. But in small communities, it can absolutely be done. But, again, in an overpopulated world, that's kind of utopic. I do see a dystopian future, though, based on a punctuation system, a meritocracy, but in where, probably, ignorance and appearance will be voted, instead of intelligence and greedless. Maybe you just asked a pessimist woman. The systems that worked well in the past need modification to cope with extremes of population, communication changes etc.. There is no need to dispose of the democratic model, as it's most important attribute is that it seems to be more fair than other systems. It will always be easier to convince ppl that democracy is the fairest system (or , to paraphrase WLSC, the most unfair system, apart from all the others) . Taken to extreme, an 'absolute' democracy, where everything is decided by plebiscite, would throw up ridiculous decisions and anomalies, and would be controlled entirely by the popular (social) media manipulators. A representative democracy, as exists in many developed countries, is still the most effective. The representatives need some boundaries and filters such as an upper chamber or a written/legal precedent constitution. |
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What’s the best way to short the UK stock market in the event of a hard Brexit?
The best thing to do is not to short at all : a. There may not be a Brexit. b. UK stockmarket may rise after a hard Brexit. c. You will most likely get timing wrong, even if you are right. |
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Happy New Years!!! A new year is here with a new bull market to go with it.  We aren't stopping till 100k minimum.  This is a 100 percent confirmed fact by 11 intelligence agencies.  If you don't believe it you are a denier and society will shun you.  Bottom shorters this will be the worst year of your life.  Now that sounds like the perfect 2019 Realistically though I see $8,000 - $10,000 as the high for 2019, love to be proved wrong tgough. Happy New Year. I personally see the top for 2019 as around $5k, and the bottom around $2k, but I wouldn't like to say which comes first. |
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Breaking news: bitcoin's not in a bear market. Price is in the pocket. We've never had a real bear market, as opposed to deflating bubbles. Maybe if the price takes a dive below that red line, we'll have some food for thought.  BTC is definitely in a Bear Market relative to its own adoption curve.. The terms Bear and Bull market are simply used to demarcate phases of price activity. In a Bear phase, price acts in a distinctly different way from a Bull phase. You can name the market as you wish, but the phase of activity now is distinctly different from 2016-2017. Looking at the full chart there, we can see that the upper trendline does not reach the a new all time high until 2020, and the lower trendline until late 2021. |
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Hey Majormax, it seems that you have HUGE direct/personal experience with this subject. Maybe you could consider sharing it in a series of posts (over the time) about each one of them?
It would be *VERY* interesting for sure.
I can say that it is just as well there is a lack of records in closed exchanges. It is uncomfortable to look back on the losses, especially what they could be worth now ! I will try and put some info together from memory. |
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It would be interesting to see a division into the types of events which accompanied these 'hacks', and whether or not the exchanges survived, or the customers ever recovered their money.
I have lost amounts in Cryptsy, Cryptorush, Mintpal (and a few others) each of which were a total write off. From some others I managed to extract most of my funds but had to trade between coins to get withdrawals through. Trading between coins is not my aim as I was simply investing and holding. I ended up with a lot more alts, which I didn't bother to exchange back to BTC.
Bitcoinica and Poloniex refunded all clients.
I think there a quite a few to add the the op list.
One great inconvenience for traders is not being able to access any records from the lost exchanges.
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Now given that if the ETF is approved, we can look back and say that it 100 percent was in fact approved. If I believe now that it will be approved, I prefer to look at it the same way I will after the fact. That is to say I believe that a Bitcoin ETF will soon be approved and I place the likelihood of approval at exactly 100.00% with zero margin of error.
Whether or not it is approved will make no difference to the medium or long term price. Crypto is in a bear market, which has to play-out. The time scale is easy to see from the long term chart of BTC. Once we get to 2020, then news will be more capable of a positive effect. |
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Exchange Year Amount / Month
Poloniex 2014 < 64.000 $ March
Damn. I did not expect that Poloniex was a victim of hacking. I just find out that Poloniex was hacked in 2014 and suffered a loss of $64K from you.
After viewing the data, consider how and where you store your Bitcoins.
I have never stored my assets on an exchange. Because I realized that cybercrime is in anywhere and can attack anyone. Before that happened to me, I anticipate it by buying Trezor hardware wallet and storing Bitcoin within it. Perhaps, the right way to keep Bitcoin safe is storing Bitcoin on hardware wallet like trezor and or ledger. Poloniex was a textbook example of how to proceed. The owner at the time (Tristan) sent out messages explaining the situation. The lost coin for each user was shown in the dashboards, but not accessable. Eventual repayment was promised, and this was done in small increments, as and when profits allowed. Not sure, but I think the total was greater than the 64k quoted. Thus, the exchange continued to trade and was solvent, whilst establishing a trustworthy reputation.. |
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I am preparing a new thread:
"List exchanges hacked 2011/2018"
What section do you advise me?
Economy, it's okay?
Economics : Trading I will contribute. I have numerous instances of loss in that field : and also one or two recoveries. Probably a lot of WO posters have experience. |
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I think we have breached a record of consecutive post with no single mention to Bitcoin.
Not sure if this one counts either.
This thread is now a ghost town reminiscent of some time in 2015 when ChartBuddy used to make consecutive posts before any human posted. That lasted quite a few months. Patience is required. The best hope is for no excitement until the summer. |
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what I do with market conditions like now is to wait, hold and try to buy coins little by little. trying to make a profit when the crypto market is down. but 50% of my thoughts are confused and doubtful, whether the crypto market conditions will continue to fall as it is now.
You should stop buying if youre not even sure where the market will go, its dangerous to put money on something that you dont understand. Its better to jump in when the bullrun is already confirmed rather than gambling on gray area. Very good advice. Most ppl will not heed it, however, because it requires a lot of patience. The safest place to buy is when the price has held at least 50% above the low point for 6 months. There is far more upside than downside , and missing the first 50% rise is less costly than losing (say) 50% of your capital in the case of a further unexpected low. |
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That's the difference between monetary and price inflation. The FED discovered a way to get one without the other and that's what's destroying the middle class around the globe.
Contrary to what many believe, I don't think the money creation was intentionally 'evil' (ie for the purpose of hurting classes of persons) but merely a knee-jerk response to the fear of loss (and consequent lobbying/pressure) by the owners of the 'capital' (actually only money) which was under threat from the 'crisis'. Of course, the crisis should have taken its course, and removed the dead-wood capital from the system, to allow fresh solid growth. Had that happened , a few years of deep recession would have been followed by a well founded fresh growth cycle. |
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Of a truth I never expect bitcoin to descend this low and really bitcoin need a miracle. I believe that now should be the right time for one to invest but who even know if bitcoin will continue to go down. I believe that it will take many years before we can see serious recovery.
I fully expected BTC to get this low, and yes, it will take years to recover, but it is still in the long-term uptrend. The chart is easy to read. |
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This market price drop is great. It shakes out the exploiters and the misbelievers. Bitcoin will go through another cyclic rise again, and it will probably run far further than in the past. Then we will probably have another 80% drop and shake out, and this will be another great chance for some of us to build real wealth.
Bitcoin grows like patches of bamboo. Most of it is underground, it spreads and spreads. Then one day, the shoots go up, incredibly fast. Each time bitcoin has had a bull run, in the past, that was preceded by a long period of this what I am calling "underground growth." There is no question but the current period is seeing huge underground growth. That next bull run.... Generally agree with that. The bear market periods coincide with the best tech development. In big bull markets ppl are blinded and their attention is diverted by the floods of money washing around. It takes considerable time to drain that out. The only caveat I would add, is that there is a small chance of failure caused by various factors. It is not a 100% guarantee that BTC (or any cryptocurrency) will grow indefinitely, or be universally adopted. Hedging bets is wise. |
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How many times are people going to get ripped off before randos posting Javascript keygenerators actually tweaks your scamdar? Even if he's not actively ripping off people who use this (and seriously? Why would you think otherwise?!) what makes you think he won't do exactly that in the near future?
The Bitcoin Address Generator page is mainly for developers, programmers, and others that want to double check their Bitcoin Math. The page clearly warns users NOT TO ENTER PERSONAL Private Keys. Having said that, I am also working on a downloadable version, open source, for use by public interested in generating addresses OFF-LINE. You should appreciate the beauty in this brand new technology! I don't see any market need for another random key generator. However, as you say, it is a good check on maths/other generators. It is also attractive to ppl who have affinity for cards. |
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When bitcoin makes a pump or a dump, the alt varies in BTCprice as well, and thats strange to me. (as your explanation (as far as i understand) states the $$ price must go up and down seems logic as the BTC value varies in $$ value. That makes sense. But why does the BTC value of the alt change so much as well?? Thats double... For instance: when BTC takes a drop of 10% in $$ value, the ALT makes adrop of 10% in $$value (logic), AND a drop of 10% in BTC value as well (unlogic), makes a total devaluation of that coin of 20%..)
Cannot comment on specific instances, but trading goes on all the time. As far as very short timeframes go, there are bids and offers sitting on the exchanges that are hit (often by bots) when certain conditions change. The round-robin of exchange rates often means that one change starts a cascade of trades. Obviously the more volatile alts move more. With slightly longer times, then of course there is switching and balancing between coins. It all depends on the potential orders in each alt, which could be any amount. |
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When btc gets a dump, and the same microsecond the alts get a dump as well, it cannot be people being greedy/fearful, right? it must be a coupling in some form to the mastercoin, btc?
im not saying anything about the intrinsical value of an alt itself, nor if its a good or a bad alt, but just these fluctuations intrigue me and i dont really understand...
Not sure I understand your question : the answer seems self evident : There is trading constantly on multiple exchanges 24/7, every second of the day. The alt prices (on coinmarket cap or whatever) are based on 'last trade' for a number of exchanges. The trade is in BTC, that is converted to $$ in the quote. If BTC $ price changes, then so must the alt $ price, even if there is no further trade. If a bid/offer is hit then the BTC price changes as well. |
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fuck you jjg waves is the future
also agi
do you like my hot tip?
I don't understand how your point is a "fuck you" to me. First: I largely don't make BTC price predictions beyond proclaiming that the odds are 50% (or plus or minus 1% to 10% of such 50%), and mostly my activism in this thread amounts to just criticizing the BTC price predictions of others, especially when those others are coming off as more certain about BTC price than me. B: I need moar splainin regarding the basis of your criticism of me because I not as witty as u. Critcal Activism is a vital function. I seem to find myself doing a lot of it. Good policing improves the whole quality of the thread. |
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