But at least you understand that BIP101 will increase the risk of centralization. However for SW proposal, I totally don't understand anything at all: By changing the bitcoin architecture, Pieter essentially change it to something else, an alt-coin. So all the talks about SW should go into alt-coin section, not here. And all this large degree of deviation from Satoshi's original design for what? A mere one time increase for capacity of light nodes, not even helping full nodes?
I've been quite surprised by your reaction to this proposal. It's as if you're being intentionally obtuse because clearly you are making no effort at understanding SW and overexagerate its complexity. Whether or not you agree with its motivations and underlying ideology SW is pretty straight forward. straight forward in cutting out the cryptographic signatures out of the blockchain... to allow more spam. thank you but no thank you. forkers should create their own altcoin already.  |
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i take my comfort in the price alone. the bids/asks are just manipulation if you ask me. who knows what's really going on behind the scenes at these exchanges?
Remember that massive bid wall on that failed 317 run? Yeah, that didn't work out so well for bulls in the short term. At least it was mostly real... turned out pretty well for the bidder. If someone really wants to buy, why telegraph that to the potential sellers? Same for the asks, why chase down the price if you want to sell higher? Not saying that the on-book data is useless, but close. |
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were walls at 450 eaten or pulled?
The bitstamp wall was mostly pulled before it got there. |
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2 million $ worth of longs added on bitfinex in the last 12 hrs, total near $26.5 mil . Shorts below 8k btc.
If that isn't a recipe for a crash, I don't know what is. When the price starts dropping, there will be margin calls. I will admit, I shouldn't have sold at 450. I should have waited for 465-470. That doesn't change the fact that this leverage fueled rally is not sustainable, and will end with a massive move downward. Get out now, or lose all your gains. Eventually yes, but I won't lie about it. This shit fucking hurts. I hate being wrong, and I hate losing money. I am gonna stick this out. I'm not taking this loss. The crash is coming. Maybe it will happen tonight while you are asleep. Better cash out now. You may wake up tomorrow wishing you had. ddrerrrrrr i have been in da gaem since 20111 I sold at 450, started shorting at 455-460, and an hour later it crashes all the way down to about $400. I was the only one on the forum predicting a correction that night. I bought back in at 420. Why exactly do you find it appropriate to mock me for making one of the smartest trades possible a couple days ago? Are you even reading what you are posting? You're not the only one that was trading the euphoria of friday night. The rest of us are just a bit more subtle. You want to present yourself as the perfect trader, go ahead, take snapshots all the way back to 3000 btc. JJG is kinda our macabre mascot around here, he first bought at the very tippy top of the $1200 bubble. He's been buying the whole way down iirc. He breaks even at 501, so I (we?) kind of cheer for him, and if he's even... well... Yes, he's long winded and often nitpicks things for bizzare reasons, but he's our long winded nitpicker. This whole thread is a weird cast of characters, best to just post what you post and try not to get emotional about the possibly unwelcome replies. |
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Over $27 million in longs now. This is getting crazy. There's not nearly enough money on the exchange to absorb that. Are y'all expecting suckers to wire 27 million bucks to a sketchy exchange to buy coins when you close your longs?
It's going through the floor if there is a major shock.
Shorts are at 6k btc. Even the bears are bullish. There were more longs back in august, and what was the price then and now? People are feeling some tectonic rumblings here, humans have innate herding tendencies... sure it'll end in tears for some/most. We need a bearwhale to step up and lay down on the tracks, but they're being shy. |
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Ouch chalidore, that's like a gigaSFYL. Puts an exclamation point on jbreher's sage advice. Kinda blown away you're so open about it... does add a few points for character though. You've made some good calls so far... best of luck.
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God damnit bfx, I've had a market buy open since it was 442 and it still hasn't gone through!
bitfingoxed
Anybody know wtf is going on over there? Exchange poops the bed when you need it most. Welcome to Bitcoin! Thankfully, it's not like the old days when there was only one choice. |
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CCMF
As in Richard Li and the famous PCCW Pacific century cyber works! anyone remember when Meryl Lynch was pushing the Hong Kong telecom deal in 1999-2000? probably not...how about when Richard Li lied about attending Stanford or the Internet fragrance BS??? flashbacks... Nope, but I do remember that the firm is named Merrill Lynch. Edit: BJA... |
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go short now, please.
Yeah this ^^ Please all bears get your leveraged shorts on right now, go all in, everything you've got. I only short when we are above the BB for an extended time or my other indicators call for it...never without multiple indicators! We are going to 1000$ again...shorting is insane unless your crazy! also crazy if you take financial advice from a mathematical savant/Wall Street veteran who hasn't learned basic grammar. Bye ignored...like the rest of your troll patrol!  Do I win too? |
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Where did that ~$1.5MM in BFX longs go!?!? Did i miss something?
Borrowed doesn't necessarily mean used...? That dump earlier was pretty underwhelming. Currency Flash Return Rate Total sum of active margin funding Total amount used in margin positions USD 0.0531% 25,395,106.54 24,946,110.62 https://www.bitfinex.com/pages/statsIt was only $400k in unused longs Strange... |
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Doing Garzik's 102, possibly followed by SegWit after a year of vetting and testing... you'd have taken 80% of the wind out of the XT'ers sails. There is a population out there that wants a conservative increase soon vs 800% + guessing at the next 20 years (this population may include nearly all major mining pools).
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Where did that ~$1.5MM in BFX longs go!?!? Did i miss something?
Borrowed doesn't necessarily mean used...? That dump earlier was pretty underwhelming. |
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Adam shilling for nickels from cam girls... bullish?  |
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Less adoption ---> higher price, pretty simple really.  |
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Garzik already submitted BIP102, which I think would be an acceptable "can kick" to further study the issue and possible solutions... The conference is over, and there is no plan in sight. I don't really think a controversial overhaul of the system in the form of SegWit is going to offer any relief, any time soon.
heh, so that's the disingenuous spin you guys are going to use for redditard herp's consumption is it? Any of the latest breakthrough improvements that are not approved by the benevolent, wise, central committee guardians and protectors of the free shit derp army are now going to be a " controversial overhaul of the system" ?? Unless of course we raised blocksize (bigger fat wheels are ok for the beer-can hat brigade). I'm still weighing SegWit's costs and benefits... but I know it will be controversial. In fact it seems to be your camp that is suffering defections. You made the bed with Mircea, now lie in it. |
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