Who was the guy that flew to China with suitcase's full of cash and would arb? Those were the days, lol!
That would have been Loaded. One of the few whales with class in here. *adjusts monocle* Beat me to it. Loaded also lost a bunch to gox and put out some kind of bounty on them.
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We are in not in 2010, or 2012, or 2013, etc.
We are in 2015
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Who is going to wire Satoshi billions of dollars? Bitstamp?
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I know some people who are definitely NOT Satoshi
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Well to be honest, my btc-denominated gains were not really due to solid predictions about btc/usd decreases but wereally more due to glitches, intraday waves, technicalities, altcoins, arbitrage, and all that other stuff I mentioned that doesn't really happen anymore. I was actually notoriously bad at predicting btc/usd in 2013 until I finally gave in and bought/leveraged the November bubble. Come to think of it, most of my best trading was litecoin.
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Sometimes I find a good meme to laugh at our reuse like doge on a trampoline.
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I would never sell ALL of them. I'd keep at least 1. But I'd sell most of them if
1. EC is broken 2. US gov ban 3. The monthly price chart trends down again.
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With bitcoin, I'm surprised anyone even has time to sleep anymore
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The nsa is testing just one prototype asic, that they're going to build millions more of </fud>
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Screw all that. The fact that Bitcoin was being praised on the cover of The Economist, the official economics magazine of the New World Order, means you no longer need to trade. Just HODL and wait for such profits.
This is boring. In 2013-2014 I increased my bitcoin count by a factor of 100x, in addition to the usd value increase (which is only 3x since my first purchase). With simply holding, I might get another 20x usd value increase (and no btc increase) in a matter of several years or more if everything goes perfectly and bitcoin reaches maturity. That's much much slower. No more glorious days where my net worth suddenly doubles or triples in one sitting of trading. I'm exposed to much more time risk (more time for black swan events and things not going perfectly). I hate really long term investing in general. Nothing can compare to the glorious days in 2013 where anyone with a little intelligence and a set of balls can go suddenly go from being nothing to being something with no capital.
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The only thing I do with other speculators here is argue with them about them about how they are wrong. It's mostly entertainment. If I make a trading decision, it's based on the chart.
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Other than dark net markets?
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1. Mtgox and its huge volume, and api.
2. Regularly seeing 5K-30K coin walls pop up in the course of normal trading (it wasn't 'bearwhale' or 'bullwhale', just normal).
3. The lack of dark orders.
4. Clark Moody (for some reason, it just released more dopamine than the other charting sites hands down).
5. Animations from the admin on Bitcoinity to celebrate or joke about key price levels.
6. Rippling effects after each price movement that would give you ample chances to get in or simply profit off the ripples.
7. The ability to make a trade on btce immediately after seeing it on gox and 'cheat'.
8. Taking advantage of trading bots that had gone haywire.
9. Being able to take advantage of technical glitches on exchanges to make easy trades.
10. In general, being able to trade without knowing any kind of TA.
11. Arbitrage and inter-exchange fiat channels.
12. Massive crazy alt coin pumps on btce led by fontas.
13. Altcoin IPOs on btce.
14. The gox litecoin ipo.
15. Huge altcoin arbitrade opportunities on the emerging high volume altcoin exchanges.
16. The lack of huge fake confusing CNY volume.
17. My trading competition being high on drugs from silk road.
18. The weird glitchy liquidity link between bitfinex and bitstamp.
19. Gpu mining and having weeks to profitably mine a new altcoin.
20. Being ahead of the awareness curve. My grandfather wasn't telling me about bitcoin yet.
21. The lack of reporters using big jazzy wall street terminology. The focus on the application and organic user economy rather than 'getting the big money in and the next big name company in'.
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I would think 'darknet shopping' would have been much higher. In 2013, it would have come right underneath Speculation.
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Over the rally from $350 to $425, the bid walls on bfx steadily grew from 35k to 41k. Now suddenly they are down to 31k. Speculations?
Welcome back! My guess is there is hidden support the bid walls don't show and we're going to push higher, but I'm not confident enough to go farther long. I really missed you. What's your take on the blocksize controversy? Thanks. I'm guessing that all of the whales on bfx make heavy use of the hidden order feature and that feature didn't exist on gox? I haven't been back long enough to look into the blocksize issue and give an educated opinion. This is actually my first day back on the forum and I've only been watching btc for 2 weeks ever since a relative brought up some news article at the Thanksgiving table. This has mostly consisted of me staring at the charts and orders books on 1minute timeframe like a deer in the headlights. I really want to get a feeling for the current exchange landscape before I start trading again, if I start trading again. I'm not sure if I even trust the exchanges anymore or if I should just keep my coins on cold storage. I've always known btc had a lot of technical quirks that require either a fork or the continuation of Moore's law or both. The blocksize of all things, at first impression, seems like one of the more minor issues that could be solved with some kind of fork.
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So do we still observe walls here? It's so hard to watch them on bfx with them moving around, hiding, and jumping up and down every 2 seconds like there's some broken api. The only consistent thing I see is that little wall at 300 and even that would be like a joke at gox.
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I'm not sure about the exact price but it needs to hold a level significantly above the bottom for a long time to break out. The most obvious about be at 60% fib retracement of the move from 200 to 500, which I guess is 380, but it could be the next level.
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I like the bitcoin community. They are always supportive and looking out for you. The community is almost as good as the coin itself It's basically the open source community.
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