Bitcoin Forum
May 26, 2024, 12:33:10 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 [13] 14 15 16 17 18 19 20 21 22 »
241  Bitcoin / Bitcoin Discussion / Re: FBI Agent Threatens to Kill Silk Road Architect, Ulbricht’s Family for Bitcoin ! on: November 13, 2015, 08:49:28 PM
Do you guys believe this story? If not, why do you think VJ would make it up, assuming it's really him that posted it?

Just intrigued by the whole thing..

I do believe it. FBI are ruthless group of individuals who stop at nothing to get what ever they are after at any costs.
Like the mafia but backed by their government, so unlimited funds to do what ever they are after.

I believed it at first...but how do we explain him being in prison with an iPhone 4? This was when he would have been helping Ross with Silk Road as someone pointed out. Did he borrow his friend's phone to access SR and talk to Ross? I don't get it. There are a few other flaws I found but can't remember at the moment.
FBI probably planted it on him to see what he would do and who he would contact. Ever watch The Wire on tv? That's what the cops do to get intel. You don't think thee FBI would do that, since they are the intelligence agency of the entire country. They are ruthless as I said before.

Gotcha. I didn't know that much about it...guess only time will tell. I'll be curious to see if anything ever comes out of it.
242  Bitcoin / Bitcoin Discussion / Re: FBI Agent Threatens to Kill Silk Road Architect, Ulbricht’s Family for Bitcoin ! on: November 13, 2015, 07:18:47 PM
Do you guys believe this story? If not, why do you think VJ would make it up, assuming it's really him that posted it?

Just intrigued by the whole thing..

I do believe it. FBI are ruthless group of individuals who stop at nothing to get what ever they are after at any costs.
Like the mafia but backed by their government, so unlimited funds to do what ever they are after.

I believed it at first...but how do we explain him being in prison with an iPhone 4? This was when he would have been helping Ross with Silk Road as someone pointed out. Did he borrow his friend's phone to access SR and talk to Ross? I don't get it. There are a few other flaws I found but can't remember at the moment.
243  Bitcoin / Bitcoin Discussion / Re: FBI Agent Threatens to Kill Silk Road Architect, Ulbricht’s Family for Bitcoin ! on: November 13, 2015, 07:11:06 PM
Do you guys believe this story? If not, why do you think VJ would make it up, assuming it's really him that posted it?

Just intrigued by the whole thing..
244  Economy / Speculation / Re: Some hardcore bitcoin users don't believe in its 2020 glory, Why? on: November 13, 2015, 02:03:38 PM
I am so tired of seeing this. In 2010, he said in 20 years...blah blah

TWENTY, not TEN

2030, NOT 2020
245  Economy / Speculation / Re: big BTC players continue accumulation and barely ever sell. on: November 12, 2015, 01:17:45 PM
bitcoinrichlist?

lol

that one always looked suspicious to me, the data never matched up correctly with the other site



Well I appreciate that I now have a site with better, hopefully real, stats, because of you Smiley.
246  Economy / Speculation / Re: big BTC players continue accumulation and barely ever sell. on: November 11, 2015, 08:24:30 PM

Me too! I found this right after I asked you. Lol. I used to look at a different one but they closed it down saying it wasn't accurate :/.
247  Economy / Speculation / Re: big BTC players continue accumulation and barely ever sell. on: November 11, 2015, 07:15:27 PM
I am 100% certain of my math. I have been tracking the largest BTC holders (accounts over 1000 BTC) for 3 years now.

Regarding what if someone moves from 950 coins to 1050 and someone else does vice versa, the net effect is zero. It doesn't matter who the big holders are as long as there are big holders. Only if all big wallets started dumping with no one buying would we see a problem.

And yes, I absolutely 100% believe its the small guys responsible for the price swings. Sure a few bigger traders might get the ball rolling with a few 1000 BTC of buy or sell to start the stampede. But its the panic buying and panic selling of the small guys that absolutely gets the ball rolling up and down. no ways big accounts are panic buying and panic selling. It's the small traders who believe they can outsmart the market, or the people who literally panic as it falls or chase it up with greed that are making these swings happen.

All that will happen in the end is 95% of those who panic buy and panic sell are going to end up doing worse than if they either just sold out of BTC completely, or held BTC with no panicking.

And I quit bitcoin because I believed no ways governments would let it continue. But in fact the opposite seems to be happening, govt seem ok with it. BTC is fine, its getting banned that is not fine. So, here I am again, for the 2nd time around.


May I ask what site you are using to track these wallets? Not saying I don't believe you but you've made me curious/interested.
248  Economy / Speculation / Re: big BTC players continue accumulation and barely ever sell. on: November 11, 2015, 06:10:15 PM
The biggest sell-off that we had up to $160 in January - February was the same case. None of the biggest wallets haven't sold any bitcoins. So that means that people that were panicking were just a small fish.

I remember there was even an article about this in Cointelegraph it seems to me. So this is a pretty common case. Who has the most money doesn't worry that much about it I guess.

Happenings like that show me that many people seem to be over invested in Bitcoin.Otherwise I see no reason why they always panic selling. Someone who is rich and investing 1 million dollar will not care that much because he can afford it.
But someone with an average income and maybe buying Bitcoin for 1k should also be able to afford it. So this shows me that rich or not there are always a few more guys who might have taken more risk and money, might be because of hope and greed, than they should had. This results in bearish times in crazy panic selling and therefore price declining and in bullish times in crazy price explosions because of panic buying.


Anecdotally, I'd say you're probably right.  Just reading forum posts from random participants, it does seem like quite a few people have invested large portions of their income/holdings in what is a purely speculative play with tons of price volatility.

There are lots of ways to play it. A person can do well buying low and selling high.  Some people (not me) can probably do well trading based on technical indicators.  A person can do well HODLing, probably, for the long term.  

But where people get into trouble is when their strategy isn't well-formed and consistent.  They buy, probably OVERbuy, intending to HODL.  Then they see the price go down, sometimes whooshing down, sometimes trickling down, and then they get nervous looking at (unrealized) losses so they sell.  They've changed from HODLers to panic sellers...buying high, and selling low.  If they hadn't overbought in the first place or if they just realized the nature of a speculative play, they could stay in it.

Exactly. At times I've felt a bit overinvested and my emotions nearly got the best of me. When this happens, I don't get why people don't just back off on buying so they end up not as overinvested as opposed to panic selling. You haven't lost money till you cash out at a lower price.
249  Economy / Speculation / Re: big BTC players continue accumulation and barely ever sell. on: November 11, 2015, 03:22:56 PM
The biggest sell-off that we had up to $160 in January - February was the same case. None of the biggest wallets haven't sold any bitcoins. So that means that people that were panicking were just a small fish.

I remember there was even an article about this in Cointelegraph it seems to me. So this is a pretty common case. Who has the most money doesn't worry that much about it I guess.

Happenings like that show me that many people seem to be over invested in Bitcoin.Otherwise I see no reason why they always panic selling. Someone who is rich and investing 1 million dollar will not care that much because he can afford it.
But someone with an average income and maybe buying Bitcoin for 1k should also be able to afford it. So this shows me that rich or not there are always a few more guys who might have taken more risk and money, might be because of hope and greed, than they should had. This results in bearish times in crazy panic selling and therefore price declining and in bullish times in crazy price explosions because of panic buying.

You know this is one of the most logical practical explanations I've heard for these wild price swings. Very good point bro.
250  Economy / Speculation / Re: who is messing with bitcoin and to what purpose? on: November 11, 2015, 03:19:24 PM
I agree that this is a serious manipulation at its best works. I woke up to see a price of $300 and I was very disappointed. $350 was a nice new floor if this thing wasn't manipulated but $300 tells us all in my opinion.

I mean what are we, only $50 above where we started this run from. I guess Bitcoin has much more growing up to do.

I believe this kind of manipulation will continue until we go mainstream or get much closer to it. We need more users and a bigger market cap. As this happens less and less manipulation will be possible.
251  Other / Archival / Re: should i save btc for future? on: November 09, 2015, 07:21:30 PM
for the safest way to invest you need to wait btc price going fall 180-200$ and then buy,after few months sell it at 400-500$ price ,we can't predict what will happen with bitcoin for next 5-10 years

This is bad advice. Those gains are nothing, it will not change your life, going from 200 to 400. On the other hand, if you buy now and hold and in 10 years BTC is 10K, or 100K (who knows) your life will change a lot, so basically stop hoping for a perfect price and just buy. If it never goes back to 200 (which I doubt because the price looks really solid at 370-380 right no) you will hate yourself for life.

This. Anything under 400 is still dirt cheap honestly. If you wait for sub 200 again which will very likely never happen again, you risk having to buy in at a really high price. As we just saw...the price can shoot up at anytime unexpectedly. I would buy small amounts on a regular basis.

252  Economy / Micro Earnings / Re: In 2015, faucets are bad for bitcoin on: October 27, 2015, 02:00:37 PM
Moon bitcoin, moon litecoin, and moon dogecoin are my favorites. Completely passive income and you can claim as often as you want (5 minutes) or long as you want. Good way to rack up litecoins and dogecoins in case their price ever shoots up.
253  Economy / Micro Earnings / Re: In 2015, faucets are bad for bitcoin on: October 26, 2015, 07:01:07 PM
You can actually make decent money with the moon bitcoin faucet. And you don't have to do anything except collect your coins a few times a day.
254  Economy / Speculation / Re: Will BTC reach $300 this month? on: October 24, 2015, 07:55:44 PM
It won't hit $300 this month, but it probably will have by the new year at least once. I don't want to be any more optimistic than that as a high rate of price growth is likely going to cause an unsustainable situation like with the bubble to over $1000 per BTC.

definitely not this month. i hope we manage to do it before the end of the year. that would make me happy, especially if we manage to stay above $300.

Depressive realism…I like it Wink.
255  Economy / Speculation / Re: Will BTC reach $300 this month? on: October 22, 2015, 12:35:01 PM
For the past few days I've been looking at the price of BTC-USD, $300 is not possible this year.
The $265 - $275 rate will remain till End of this year $280 will be maximum.


We already hit $280 today bro. Smh. You just pull this number out of your ass?
256  Economy / Speculation / Re: Where do you see bitcoin in 10 years on: October 22, 2015, 12:10:30 PM
Even Satoshi said it that either there will be a lot of transactions in about 10 years or very few transactions. This you can translate to either Bitcoin will be worth a lot or nothing and of course either Bitcoin will be used by many or by nobody.

So this is pretty much your answer OP. I don't see it being somewhere in the middle at all!

Yepp that's it.Either this baby goes moon or higher, or it ends up in oblivion.Let's hope for the first one to happen!

He said 20 years, not 10.
257  Economy / Speculation / Re: Where do you see bitcoin in 10 years on: October 21, 2015, 12:59:38 PM
Even Satoshi said it that either there will be a lot of transactions in about 10 years or very few transactions. This you can translate to either Bitcoin will be worth a lot or nothing and of course either Bitcoin will be used by many or by nobody.

So this is pretty much your answer OP. I don't see it being somewhere in the middle at all!

He said 20 years, not 10.
258  Economy / Speculation / Re: Price going up for no apparent reason? on: October 15, 2015, 12:23:08 PM
No worries,  nothing going on,  it's already sliding back down like usual.

Maybe it'll slide back to 10 dollars and then we can sell all our btc right?

Epic. How many coins did this idiot sell for $10? Smh.
259  Economy / Speculation / Re: Next target: 260-270 on: October 14, 2015, 12:21:28 PM
We're right on track to hit the target as predicted. Place sells at 260-270 if you have not done so already. Remember we will go over 260 on or before the 17th.

I'm gonna quote you on that and bust your balls if you're wrong Wink. 3 days to get to 260...
260  Economy / Speculation / Re: I AM HODLING on: October 13, 2015, 05:32:32 PM
Nope...we just get tired of continually saying we're HODLING. It should just be assumed at this point.
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 [13] 14 15 16 17 18 19 20 21 22 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!