I guess no one here is bothering to correlate the price swings with the wild fluctuations in hashrate.
Miners now playing with hashrate to induce volatility, lol. Must mean there aren't any real traders in the market.
Yeah... go ahead and attempt to correlate price and hashrate, I doubt you are going to find much, if any correlation, and if you do, it may likely be called coincidence, rather than correlation. Furthermore, you are back on this theme describing few traders, which has been one of your past themes, which remains a kind of ridiculousness that seems to be loosely correlated with facts. Sure trade volume remains fairly low in recent times which causes relatively easier abilities for any bigger players to manipulate BTC prices through trade, but those kind of facts are fairly unlikely to lead reasonable conspiracy inferences of miner manipulation..   It makes very little sense logically that miners are the actual supposed manipulators. Actually JJG, the onus is on you to provide proof that Miners *aren't* manipulating the market, aka the actual market makers. Prove it. With facts. I'll wait right here... |
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I guess no one here is bothering to correlate the price swings with the wild fluctuations in hashrate.
Miners now playing with hashrate to induce volatility, lol. Must mean there aren't any real traders in the market.
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STOLFI!!!! YOU BASTARD!!!!!! After the initial application in June, the SEC set a 45-day period for comments. It received six — most infamously one from Bitcoin critic Jorge Stolfi in July. The Brazilian computer science academic referred to Bitcoin using terms like “ponzi” and “penny stock”. http://bitcoinist.net/sec-decide-winklevoss-bitcoin-fund/ That's just hilarious. You've got to laugh. Oh, Stolfi. The joke's on Stolfi TBH. That stupid idiot fails to see that only 6 (!) people in the entire world bothered to comment at all, and none of them are heavy-hitting, big money industry or finance people with any clout whatsoever needed to sway anyone. He is a nobody, and his comment is equal to a random troll on the internet commenting, has about the same weight. So the ETF will get approved.... his silly commenting will have zero effect. |
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Both Enron and Lehman Brothers were saying they were "rock solid", right up until they weren't.
Executives gonna lie, 'cause that's what they they think they're good at.
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I have lost some small funds in the Bitfinex hack. Guys come on, this hack is now a few months ago, it is seriously a waste of time to keep talking about this subject. In fact keeping topics like this up in the ranks has no marketing value at all.
Please leave this case closed
Oh sure sure, yes let's leave it closed.... until the Bitcoin market rallies to fresh new highs again, and everyone is elated and overjoyed!!! So overjoyed and happy that they completely forget about it... ...or at least they were happy, right up until the ~110K Bitfinex hacked coins that everyone forgot about suddenly move from their wallet addresses, and start heading for the nearest exchange to massively dump on everyone's fun.  |
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What if I told you, that the hackers already had the hack planned long before it actually happened, and thus would never have run the market price up to ~780 without it planned beforehand? But... but... Torque, are you saying the pumpers and the hackers were working together?? Or that (gasp) that they were one in the same people??? Any maybe that Bitfinex was behind it all from the beginning??? But no... NOOO... that can't be!?!?!  |
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The credit cycle is ending quickly in the U.S., and my feeling is that with worldwide deflationary pressures settling in, the global markets will react downward in the next year or two. But of course instead of blaming it on the right things (i.e., the unwinding of worldwide margin debt, Bank failures, Brexit, Greece/Italy/Venezuela, etc.) the media will try to blame it on something completely superficial. Like who the new U.S. president is, and why they are bad for the world. How Bitcoin will benefit from all of this, I really have no idea. Is it seen as a safehaven? We shall see. My personal bet is 'yes'. |
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So... how's that Gold price been working out for ya lately, Mat?  |
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Don't worry fellas, you'll get your fun stories soonTM. I'm sure that when Bitcoin rallies again, you'll suddenly have all sorts of news stories come out of the woodwork about this person or that person who miraculously "found" an old hard drive with thousands of BTC on it, and they are now rich. Because the media always tells the truth, and never has a hidden agenda. |
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That would be pretty funny if true. The dump certainly had the hallmarks of a total n00b. Somebody should check if there's been a large sum of old, unspent coins that moved recently. reminds me of the tale of that dude that chucked out his old HD then dicovered the bitcoin he had on it was worth millions. except this lucky bastard didnt lose em. im thinkin if this is true we may well read about it in the papers unless he's smart and keeps his mouth shut. im sure mr tax man would be very interested indeed. He probably has no clue that the banking system will collapse very soon and all his money will be somehow worthless in time... currency wars are about to hit the "sh!t fan". Umm.... yeah. 1. Doesn't supposedly remember that he mined BTC way back when? Check. 2. Says he successfully put a 5-year old desktop hard drive into a brand new laptop (which is likely impossible)? Check. 3. Has a "range" of BTC (he says "between" 3k to 5k) instead of divulging the *exact* number? Check. 4. Doesn't bother to divulge any public key address(es) to verify his story? Check. 5. Sounds like total made up BS? Check. |
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the author of the wallstreet article mentioned above is not getting it. i mean we talk about DIGITAL stuff here. bitcoins are divisible, that is basic knowledge. do digital things exist that cannot be divided? When it comes to wagering on online games such as poker, it becomes difficult to use them as a currency because it is difficult to break them down into smaller units that can be used as a wager http://wall-street.com/bitcoins-slow-dominance-internet-good-thing/Ouch! That's indeed so embarrassing! However it says a lot about the qualification and competence that author is having regarding that topic. Someone should make them aware how dumb that statement is. The whole article is just again an attempt to present Bitcoin again in proper light! But should we be surprised? This is Wall-Street talking!  Yep. We just had a U.S. presidential candidate refer to the Internet as "The Cyber". So what does that tell you about these idiots? |
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Stolfi is a celeb now. He even has his own following, most of whom don't even know they're being trolled.
Ah, Stolfi. Thing about him was, he was totally sincere. Can't even remember what his arguments were really, but he really believed them. He stopped posting here after Bitcoin broke above $450 and went to $800. That demolished all his arguments in the short term at the very least. Whoever bought at $450 almost doubled their money, while Stolfi had been arguing they were getting ripped off. He was very vocal during the bear market, but disappeared during the bull market. Because all paid trolls appear en mass during bear markets (to supposedly help the shorters, who are their friends) and completely disappear during bull runs (because no one would care anymore). Also, I'm pretty sure that many bear trolls on this sub also have bull shill accounts, and just switch sides whenever it is convenient for them to do so. It's pretty easy to spot them in their writing style and tone, not to mention you can see which accounts suddenly appear or practically disappear during which periods. Which is why I don't really trust the sincerity of anyone that is too overly vocal (either overly bullish or overly bearish) on this subforum. At all. |
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The JJG character is a real tour de force for NLC/BMB.
The dedication is very impressive.
I wasn't sure there for a while but he won my heart with steadfast determination and a ruthless penchant for mesmerising blocks of text. ... The guy is just insane, pure batsh!t crazy! ... I wish sometimes he had a bit of empathy to make his text more readable from the readers perspective. I can tell... because I write as a hobby and when reading other people's work... I tend to get inside their mind very quickly and that annoys me. And when it comes to JJG ... he writes most of his stuff from a self centered perspective. And that makes it hard to read ... its like trying to listen to a song/track with/composed of blackboard/chalkboard screechings.You mean like Stolfi? Maybe JJG and Stolfi are one and the same? (JJG, if you are not Stolfi, then dude - just take a hint and get to the point faster, quit rambling, and drop the condescending attitude. ) Speaking of which, where has ol' JorgyPorgy run off too? I really miss his long-winded, diatribe-like, innane ramblings about how Bitcoin and all other cryptocurrencies are completely doomed to fail. /S Paid trolls are so much fun to spot, because they are so obvious. |
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For example in your assessments that adoption is not rapid enough and that bitcoin is losing market share seems to be quite a way off and really exaggerations, no?
"Bitcoin has steadily been losing some marketshare ground to shitcoins for 3 years now."
I doubt that the facts really support this kind of an assertion. Sure, we have been witnessing some innovations from altcoins (shitcoins as you call them), but in the end, any "losing of marketshare ground" is likely more illusory than anything.
JJG, since you seem to like to confront people a lot, and since you are always in need of hard facts, stats, and proof over public sentiment (which is fairly palpable atm), then here you go. Third chart at the bottom, the 3-year downtrend in bitcoin's overall crypto marketshare is as plain as day: https://coinmarketcap.com/charts/#btc-percentageDoesn't change the fact that I'm a permabull. But my patience is starting to wear thin. Other so-called bit bulls have already moved on and left bitcoin behind. |
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Why so violent Dafar? Are you still butthurt about a bad trade or something? I'm a permabull hodler that, after 3 straight years of witnessing bitcoin NOT becoming the uber global phenom that everyone was going on about in 2013, I believe have earned the right to be a little bearish now and then. I still have not witnessed ANY new major Average Joe money, nor major investment money, nor major retailer adoption happen in that time either. The only thing I've seen in that time frame is complete apathy from the general public, and the occasional PnD bullshit that we're all so familiar with by now. So fkn sue me bitch. Also, let's see how the year finishes up before you start calling it a full on uptrend, eh? Bitcoin has steadily been losing some marketshare ground to shitcoins for 3 years now. Edit: Well, well, well, looks like ol' Dafar is just as bearish too. Ok guys, we've been seeing insane predictions since the end of 2013.
$1600/btc... $2000/btc... $3000/btc... even $10K/btc... but 3 years later nothing happens. I believe in bitcoin, but I'm worried about the time frame it might take for adoption to hit a point where we finally pass ATH. That could take a decade or not even happen in our lifetime
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Wow... that's whole lot of price suppression going on.
Do you guys think that they will be able to keep it up until after the U.S. pres election is over? Because clearly that's the goal for now.
One thing's for sure, sometime between now and the end of the year we're gonna see a price explosion. yeah that is what they said fall of 2013 when btc was 1200 usd...it is bound to see a price explosion.....still waiting damn it!  don't jinx it Gosh, I am not sure whether the correct label is "price suppression," because, in the end, the ongoing trade volume remains so low that bulls could really push prices up, if there were any kind of meaningful determination to do so, no? The bulls nearly have to be willing to put money on exchanges and to buy... but maybe they remain scared about whether other folks are going to follow? Surely, various bulls do not want to get caught buying a bunch of bitcoin, attempting to pump up the price and others do not follow? Maybe, overall, I agree with Torque even though I am having trouble with "price suppression" label? Regarding a pump before the new year, I am getting skeptical regarding that too, and I am wondering what's going to cause such a pump? Do folks believe that we are running out of coins? I think that there is decent data that adoption continues to increase, and surely the halvening would have continued to cause less of a bitcoin supply surplus, but I continue to wonder whether those factors are enough? Seg wit and other continuing side chain and scaling type developments should help too, but is that enough? Don't get me wrong, I am continuing to attempt to accumulate BTC, but I continue to wonder also regarding how long we could stay in this price arena... a bit more than 2 years so far (mid 2014 to present with prices largely below $750) Couldn't BTC prices bounce between $500 and $750 for another year or two? Isn't that possible? 30% odds of such? Not saying it will happen, as like you said we could just bounce around for another year or two with no real demand/price appreciation. But with the presidential election coming up in the U.S. in November, and with the ability for the Bitcoin pumpers to pin any negative stock market shock on either candidate winning the presidency (because they are both equally despised by a large majority of voters), I could easily see a massive pump in Bitcoin driven by the election result, either in December or at the beginning of the new year. If it correlated with a big stock market correction (as we are WAAYYY overdue), even better for them. Remember, all the pumpers need is a plausible excuse to run it up. So what more plausible reason would they need than a negative world market reaction to whomever wins? It could happen, just saying... That's assuming, of course, that Bitcoin is treated as a safe haven like PMs. If not, well, it'll probably sink along with the rest of the stock markets. |
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Wow... that's whole lot of price suppression going on.
Do you guys think that they will be able to keep it up until after the U.S. pres election is over? Because clearly that's the goal for now.
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