Coinbase 3 hrs ago: "Sorry folks, due to high demand we're experiencing issues with our servers, there may be a multi-day delay in your bitcoin purchase." Coinbase now: "Oh would you look at that, your coins have been successfully delivered to your account. In record time too!"  They actually did that? Not really, I'm just being facetious. I've heard from some Coinbase buyers that orders placed when the price is rising seem to have issues (and many time late cancellations days later), but when the price is falling, miraculously all their orders go through at zippy speeds. Go figure. |
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Coinbase 3 hrs ago: "Sorry folks, due to high demand we're experiencing issues with our servers, there may be a multi-day delay in your bitcoin purchase." Coinbase now: "Oh would you look at that, your coins have been successfully delivered to your account. In record time too!" |
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Any n00bs here?
This is the sound a whale makes when they make a splash into the beginning of a bull rally.
Strap in your seat belt.
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This is the sign. Buy. The. Fkn. Dip. |
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I smell conspiracy. Naked short selling at Stamp to hold down price? They are Coinbase's main exchange, amiright?
Nope. Coinbase has their own exchange now: https://gdax.comYeah but when they run out of coins, they have to get them from somewhere else. |
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I smell conspiracy. Naked short selling at Stamp to hold down price? They are Coinbase's main exchange, amiright?
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Did Coinbase just bypass Stamp for coins? |
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It's like Stamp just ran out of coins to sell  |
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Matt months ago I told you bitcoin is bullish don't fight the trend. You should have listened mate, buy and hodl, so easy when you know how.
edit: and don't hold it on an exchange
If traders can't trust the exchanges, then they can't trust the market. Where is Bitcoin being pumped up right now? On the exchanges! On the Chinese exchanges that is! USD vol is looking deliriously thin. You all think you can trust a bunch of Chinese financial cowboys operating beyond the reach of any moral code or written law? When Bitcoin finally evaporates into dust, taking everyone's notional wealth (denominated in USD of course), I will not be the least bit surprised. I hope Mat has become millionaire with his bearish stance I touted Bitcoin to go to $1500 back in September m8. The call is posted near the same place as I stated that I wouldn't be touching Bitcoin ever again. Sure, Bitcoin is looking like it will go to $1500. But it is as likely to go to $5000, as it is to implode on the following day.......chinese Bitcoin Cowboy shenanigans aside, all it takes to murder Bitcoin is a word from the PBOC. Meanwhile, there are loads of stocks from established corporations that are performing way better than Bitcoin this past year. If someone is gonna invest, why take the huge systemic risks involved with Bitcoin? It just doesn't make any sense. Sure Matt, put all your trust/faith in Gold. You know, the stuff that no one will ever know who has what amounts (if any), and as long as naked short sellers can put their boot on through an endless amount of derivatives, will never go anywhere. |
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Hmm, this isn't looking as bearish as I'd like... Maybe the Chinese will pull an extension?
You do realize that since this bull run started, buying bots on each exchange have been in control mostly buying on technicals? The dumps you see are simply bots dumping into their own walls, taking profits from other margin longs and scooping up their cheap coins. Any direct human interaction is cursory and benign. |
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Chinese exchanges are dead @ bitcoinwisdom
Hmmm... wonder if those exchanges finally put circuit breakers in, would be awesome. |
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Lulz at BTC-e, someone's got a silly wall at $999.9999  |
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So the Bitcoin price crosses the $1000 mark, and other than the reveling of a few existing enthusiasts/supporters/hodlers, nothing really happens. The media doesn't say jack about the price rise all last year, waits for > 1000 because they like nice rounds numbers that sound great in a headline. Average Joe reads the headline in his morning newspaper or web-zine, grumbles something about "that #$!@#$ scam that will crash soon", and goes back to having his morning coffee.  |
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You know what's funny though, Jimbo? Most of the bear trolls didn't disappear from this sub. They're still here. When the bull run began, they just logged out of their bear troll accounts, and back into their bull accounts (which, ya'know, suddenly reappeared after a multi-year hiatus  ) or made completely new bull accounts. They're probably in here right now, supposedly "acting" like bulls, slamming the bears and trolls along with everyone else. Because, ya'know. And of course they'll all go into hiding once the downturn comes, and accounts like NLC will suddenly and magically reappear again. |
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Only a complete fool is going to try and claim Bitcoin is more "anti-fragile" than metals that took two neutron stars to create.
Ok, WRT precious metals (like Gold), please think of this: 1) PM derivatives market has driven up speculative price of Gold many orders of magnitude above any sensible speculative value based on Average Joe supply/demand, and far beyond any intrinsic value 2) Any new large Gold deposits discoveries over the last 50+ years (which could be massive!) would *never* be disclosed to the public 3) No transparency in Gold holdings (i.e., vaults, federal reserves, bank reserves, personal holdings, etc.) so no feasible way to definitively audit. Much of the Gold supposedly backing federal and bank reserves could be completely a myth, or at least a tiny fraction of what is reported to be held. 4) Gold easily faked with Tungsten And you want to say PMs like Gold are anti-fragile??? |
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phew. good thing I didn't bet for Bitcoin to not reach the 1000$ in the bitcoin gambling sites. I would be sweating right now
Back in 2013 I spent $50 on a 1 bitcoin bet saying the price would be $10,000 by the end of this month. Unfortunately for those that bet against me the site went down a few years ago. No fear Elwar, you may have been wrong with your prediction, date wise but I have no doubt we'll break $10,000 within 3-4 years. I don't agree with you mate and I don't think tell price will reach $10,000 in 3-4 years. Though, I quite sure will have an increase in price of bitcoin but not up to $10,000. Reaching $10K vs. staying there are two entirely different things... |
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Lulz at all the silly trading charts that suddenly come out of the woods during a price rise. And funny that they completely vanished "Poof!" during all of 2014-15. What, you're amazing technicals didn't work then for some reason? You troll traders aren't fooling anyone that's been around. |
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Decent article, but completely disregards the 'halving' events in bitcoin's lifecycle. These events can have a profound impact on price determination and creating a new higher floor. The author wants to believe that all price action is completely attributed purely to wavering demand and adoption, and disregards 'supply' issuance (i.e., miners' ROI). |
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Bitcoin still has a LONG way to go. You know how I know? None of my non-techie friends, family, or colleagues have so much as heard anything about or mentioned this rise.  Even some of the techie ones have still yet to hear about it. I've always said that I'll know that Bitcoin has truly made it when a certain few of them says to me, "So have you heard about this Bitcoin thing yet?" |
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