Also, the one thing that really bothers me about Trilema is that it's clearly some deranged guy trying to engineer a cult of personality and have people worship him, much like how our favorite arsonist lunatic rpietila attempted to do the same thing before he went from moderately insane to completely insane. I'm not down for such primitive, Freudian, prison-homosexual style in nature, exert my will on others to prove I am powerful, games.
A deranged guy "really bothers" you?? Oh reallyyyyyyy??? Is he a Virgin who hasnt smiled or laughed in 6 years??? Does he live a completely unfulfilling life and blame Jews and blacks for not achieving anything in life except a "dumbest money" on this thread prize?? Does he frighten little children when he is in public once a month??? Does he sleep in your room and eat your mummy's estrogen cookies  Does he cry each day as Bitcoin heads to 100k?? Tell us more  Look slayer, we used to ignore anyone who quoted the roach but we have given you a pass because we hope you have a way of getting rid of him like RAID or something but percentage wise, it is becoming a large portion of the pages on the thread. I really like your other posts so I don't want to block you but I am getting tired of seeing the cesspool of roach posts in your posts so I am at a crossroads. What do you think? |
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I think I haven't read anyone posting about the XMAS/NEW YEAR conversations about Bitcoin on the table.... Maybe the nocoiners were so disgusting you guys don't wanna talk about it? lol
In my case... no conversation about it. The only one at the table that knows I am into Bitcoin was my GF and she is a hodler since 2013 and has instructions to never talk about it with anyone else.
I tell them that if they dont own at least one Bitcoin then they may feel suicidal when it hits one million dollars bc they didnt make a small investment. I also tell people to just get one. I think it is a good balance between having them invest too little and feeling guilty if they invest too much. I only tell this to people who can afford one easily but I just say, buy one and forget about it for 10 years. 3500 today and a million in 10 years. It really is a no-brainer for those that waste that much each month on stupid shit anyway... |
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Old news. The obvious conclusion is: - Order your hardware wallets directly from the manufacturer. - Try to avoid third parties from having unlimited physical access to your hardware wallets. <- This risk is only theoretical though... but a good security practice in any case. ...or don't use a hardware wallet in the first place and learn how to sign offline transactions without it. I'll never trust some device with my private keys, sorry. Might as well leave them on Coinbase if that was the case. At least I would have a legal claim if they lost them. |
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1. Alts have no value of their own
2. The price of alts is a function of how much greed / fear is in the market.
3. Fear / greed is determined by Bitcoin price performance.
4. Alts are denominated in BTC.
5. When people are greedy they buy alts using BTC.
6. When people are fearful they sell alts using BTC.
ok, i understand most, but this would be true if actually people buy and sell. 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... It's arbitrage bots. When BTC dumps, there is an instant discrepancy in the alt trading pairs like BTC/ETH and then USD/ETH and in turn ETH/XRP etc, etc. The bots can scalp a nice profit by balancing out the ratios but there is not as much liquidity in the alt market so the moves are larger either up or down. |
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The year is not yet over and Gox likely wants to sell the rest before Jan 1.
I will hold out all hope until 2019.
I will also pull my keys from the exchange.
I put my "boat money" on the exchange to cash out at a certain price but it never hit the target. It's still on the exchange waiting.
Will begin the process of taking them off before the 3rd because of how exchanges change things.
FUD. Even if they did, they will be absorbed. The support is following the price. Dummies keep moving their buy orders up hoping to catch a dip. No bounces on the way down might mean no dips on the way up. I would love that unlikely scenario very much. |
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We didn’t break it until October 2015 (equivalent of October 2019) last time around. Breaking it marked the very start of the bull market.
I'm having a hard time believing the next bull run is going to follow the 2015-2017 cycle. The shorters and panic sellers did a good job of painting the charts to match the last draw down (human nature to find repeating patterns) but I don't think they're going to have as much control over the next rise. The dynamics are different now. When people see the price rise, they're going to think it's 2017 again, not 2015. I also think the next bull run is going to be different, but in the opposite way. Too many old schoolers have been blind enough not to cash out at or near the last ATH. I think those guys will sell a pretty chunk between 10k and 20k, so a tentative parabolic rise could well stop short of breaking through the roof. Really anything is possible but $100k is my target to sell a little bit and I have held that view since 2013. I think there are a lot more like me out there. $15k-$20k will free up some coins for sure but not as many as you might think. |
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We didn’t break it until October 2015 (equivalent of October 2019) last time around. Breaking it marked the very start of the bull market.
I'm having a hard time believing the next bull run is going to follow the 2015-2017 cycle. The shorters and panic sellers did a good job of painting the charts to match the last draw down (human nature to find repeating patterns) but I don't think they're going to have as much control over the next rise. The dynamics are different now. When people see the price rise, they're going to think it's 2017 again, not 2015. If the shorters think this will be the same as 2015, there's a good chance they give their BTC profits back and further fuel the price on the way up. |
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Nouriel's been nourishing his love-in with crypto lately.  The thing he doesn't seem to understand though is the only profits are BTC profits. Taking profits would mean cashing out fiat or shitcoins to buy BTC. The BTC price is always 1:1. All that's happened this year is fiat has spiked in value which is a precursor to the next global meltdown. If you're taking fiat profits, you are doing it backwards. Exchanging hard money for magical government money is not going to end well. |
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Bitcoin needs to get above 10k fast. Irobot has a new model that empties its own bin, and I'm thinking "Man that can make me even MORE of a degenerate pig".....
Oh hell yeah, I could do with one of those myself. Hurry the fuck up BTC , some of us have needs! As if any of you Hodlers will sell any when we see $10K. Hodlers don't know how to sell. Today's idiot is tomorrow's genius |
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Anyone have a chart comparing 2014 bear market difficulty to present day?
That's a hard chart to make meaningful. Different hardware availability, different hardware profitability, and different scales of mining companies. Too many variables really. Anecdotally though, as a former miner from back then, I think this crash is a little bit deeper for miners (evidenced by the decreasing hash rate). I was mining back then and I was profitable until the second half of 2015 at which point I was mining at about break even for "electricity only" with $250 BTC. I was losing money on the facility costs and made no money for my time invested. The operations now days are much larger with much larger fixed costs for facilities, loans and employees. $6000 was probably break even for them with the difficulty of a month ago. Now, difficulty is down ~20% and prices are down ~40%. Every miner in the world is likely losing money now if they sell mining proceeds daily. Very few miners do that though. As a miner, you are a trader by default. Just like a farmer, you store your crops if you can and wait for the best time to sell. The longer these prices remain, the more miners will file for bankruptcy or sell their stash to cover basic necessities such as electricity and payroll. With enough bankrupt miners, the difficulty should theoretically drop another 20% while prices stay ~$3500 to balance things out. EDIT: The point though is that we are in the second half of 2015 if you are using mining difficulty/profitability as an indicator and comparing the last bear market to this one. now the miners are shorting too. https://news.bitcoin.com/chinese-miners-short-btc-markets-to-hedge-against-falling-prices/Last time i checked even my parents were shorting BTC...  Shorts are big since the drop from 6k. Edit. There might be an inverted H&S forming on 1D. Crossing fingers. You know what do do when everybody and their dog is doing something? Do the opposite. I think we are very close to the next bull run. If granny is shorting bitcoin, it's time to buy. |
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Anyone have a chart comparing 2014 bear market difficulty to present day?
That's a hard chart to make meaningful. Different hardware availability, different hardware profitability, and different scales of mining companies. Too many variables really. Anecdotally though, as a former miner from back then, I think this crash is a little bit deeper for miners (evidenced by the decreasing hash rate). I was mining back then and I was profitable until the second half of 2015 at which point I was mining at about break even for "electricity only" with $250 BTC. I was losing money on the facility costs and made no money for my time invested. The operations now days are much larger with much larger fixed costs for facilities, loans and employees. $6000 was probably break even for them with the difficulty of a month ago. Now, difficulty is down ~20% and prices are down ~40%. Every miner in the world is likely losing money now if they sell mining proceeds daily. Very few miners do that though. As a miner, you are a trader by default. Just like a farmer, you store your crops if you can and wait for the best time to sell. The longer these prices remain, the more miners will file for bankruptcy or sell their stash to cover basic necessities such as electricity and payroll. With enough bankrupt miners, the difficulty should theoretically drop another 20% while prices stay ~$3500 to balance things out. EDIT: The point though is that we are in the second half of 2015 if you are using mining difficulty/profitability as an indicator and comparing the last bear market to this one. |
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A thought experiment ........ It rallies to $5350 Then it drops , and smashes through all support to $1150 Then the unthinkable happens... and it drops again to $530..... Markets are haywire, trading platforms freezing up, going off line, metric sites are spewing out jibberish On Finex it flashcrashes to $75 Coinbase flashcrashes to $50 and goes offline The price rises to $750 and stabilises for 6 hours It drops to $350 and becomes stable for a day........... What are you guys doing at this point and up to this point? what is your next move? are you rekt? are you happy, are you trading hand over fist? are you drinking? are you jumping out of a window?(Bonus question- Bitcoin SV OR Bcash or Ripple or Doge or ETH or some other shitcoin is simultaneously going parabolic and either Craig or Rog or Vitalik are on youtube shit talking about how they are now number one, what are you doing? did you FOMO SV or Bcash, Doge or ETH or rando shitcoin? or no because rekt, rage quit, drunk etc) (EDIT for arguments sake lets say that the coin that has gone parabolic has already hit $5000)Sorry I know its sordid and dark.... but I am curious to your answers especially if they are amusing I just hodl. I wouldn't buy anything else, regardless if it was number one. If BTC goes below 1000, crypto is done anyway, I would just forget about it and live my life. |
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Buy every BTC in sight and thank that mentally disturbed creature Craig Wright for making this discount happen
Notice how BTC started dumping like a rock without any bounce right after this tweet and the creation of Shitcoin SV
It's Craig Wright who's been selling all this BTC on the market and pumping his Shitcoin SV in a pathetic second attempt at flippening BTC after failing with Shitcoin Cash back in 2017
If you still don't believe that it's that mentally disturbed loser behind it, then check how correlated the two markets BTC/BTC SV are
BUY THE FUCKING DIP
I agree with you 100%. I am suprised more are not talking about it. I think he is not the only whale to be doing this as well. The only part that bugs me is why would you say shit like that... hurt the price... then sell? The only reason to do this is to get maximum effect. His goal is probably to overtake BTC in price, believe it or not. He can't do this alone so he needs to trick as many people as possible to come along for the ride. I bet he has a bunch of FUD lined up over the next year. More fake proof of being satoshi, more claimed flaws with BTC, more claims of Bitcoin not being the real Bitcoin, etc. |
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...and Bitcoin SV is pumping, it remembers me the game between BTC and BCH when big players were shorting and pumping money shaking the market.
Kind of silly to call it Bitcoin SV when it is a fork of BCash. It should more accurately be called BCash SV or at least BCHSV. Not sure what the idiots at Coinmarketcap are thinking. Another one of their questionable decisions. |
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[imghttps://i2.wp.com/fifthperson.com/wp-content/uploads/2016/01/Psychology-of-Market-Cycles.jpg[/img] Im smelling some panic  I think there has been a fair share of depression too, we'll see... I believe that was denial in disguise. Yup, it clearly was just denial. I deny that it was denial |
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 Im smelling some panic I think there has been a fair share of depression too, we'll see... |
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Requesting whales to please buy  Worked in 2013. Requesting whales to please buy Requesting whales to please buy again. Whale call of 2018. Whales are buying everything thrown at them but there's no point paying more than necessary if CSW, Ver, and Jihan are going to sell for cheaper. Nobody else is really selling at these prices except maybe day traders. Miners are going bankrupt left and right, they aren't going to flush 4 years worth of BTC profits down the drain now to save their businesses. The weak hands sold a long time ago and hodlers don't give a fuck. Once the egomaniacs run out of ammo the price will steadily rise each day. Who knows how much ammo they have though or how much damage they are willing to do to crypto to satisfy their egos. |
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Orders slowly getting filled.  Where are those fomo'ers when BTC is going up? Now is the best time to buy. I don't really get it. This is the perfect opportunity. There is no FOMO on the way down or at the bottom...kind of by definition. |
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