1) Seems a bit of a difficult to prove assertion regarding either who is the "harder bull" or agreeing to "harder bull" standards.
I think it’s a fair enough comment. I don’t have the mental pressure of a stack the size of many others. |
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Big jump BfX $11,600 ATH. Big bite up on my screen.
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To me, we are coiling up for another big move upwards. The pressure is building.
Bitstamp now has $140 million on the buy side with only 2100 BTC on the sell side.
10 points to Gryffindor. |
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what is the current ath? we must be close to another
$11485 on Gdax. Mentally it feels like we are still someways off that to me. This comment has aged poorly. In 10 fucking minutes. |
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what is the current ath? we must be close to another
$11485 on Gdax. Mentally it feels like we are still someways off that to me. |
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Good to remember things like this in the right light. The market is a lot more mature now. Just as volatile, I should think.
I don’t think we’ll ever see a 96% crash again (the sole exception being a hidden flaw in the bitcoin protocol). A 40% crash is going to be a “big deal”. You go from pessimistic to optimistic to pessimistic.. currently seeming optimistic.. ?. We had a 40% drop in mid September from $4980 to $2790, and then we had a 30% drop a couple of weeks ago from $7,888 to $5,555, and then we just had nearly a 27% drop from $11,395 to $9,000. I personally think that a 60% to 80% drop is possible, especially if we look at spike amounts, and perhaps, it could be sustained at somewhere above 60% - however, it does not seem that we get there in the near future based on current BTC price market dynamics, and gosh, I am not sure how much we go up before a BIG ASS crash and even sustained downward manipulation becomes realistic.. so yeah, maybe we go up to $30k first, or perhaps $80k... We cannot really know the amount that we are going to go UP until we go there and even how long it might take to get to the UP point. For example, I think that if all of a sudden, within less than a week, we were to do a 3x in the current BTC price, then that would likely NOT be sustainable and perhaps in that kind of situation, then we may get more than a 60%, and even perhaps spikes down to a 80% correction? So, my point is that I would not rule out these kinds of BIG ASS corrections, even though in the current market situation, any such correction is not likely to get anywhere close to 40%, because we just had one, within the past week, that took us down nearly 27% and we "recovered" quite nicely.. so having another 40% seems a bit preposterous.. absent some major successful FUD or something like that. I’m a harder bull than many in this thread. I have a 5 year price forecast of US$150 - 500k. The reason is because I believe that Bitcoin has been mischaracterised as an asset when it is really a financial instrument. In the period 2000 - 2007 the global value of CDOs rose from $69 billion to $1.7 trillion. Bitcoin could easily do the same except it is starting from a higher base and has the potential for much greater capital inflows and higher market cap because it is also traded by retail investors. So I put the market cap at $2 trillion to $5 trillion after 5 years. This is without any disruption of the existing market system - ie the value of the US dollar remains much the same. I have assumed for these purposes that the number of generated, non-lost, non-dust Bitcoins is somewhere less than 12 million. I come off as a bear sometimes as I am a big fan of Nicholas Taleb in the book The Black Swan. Looking for black swans is a bit of a hobby. In any event, come what may, I enjoy the company of everyone on this thread as we share this historic journey. |
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This could well have been written about me. I'm not saying that it is always absolutely wrong to have 90% of your assets in BTC or whatever, but it should be because you are intentionally choosing to do so, not because the price got away from you and you never really considered that you now have 90% of your wealth riding on one thing. https://www.reddit.com/r/Bitcoin/comments/7gi55s/dont_invest_recklessly/I'm spooked again. So, theymos is now advising those of us who went 50% in on Bitcoin years ago, and are now nearly 90% in due to a rising Bitcoin, to sell 45% of our BTC stash, in order to return to the initial BTC/total investment of 50%. I respect him, but can't help but wonder if that is a good piece of advice, or a borderline FUD call... If you have enough to lead a happy, comfortable life if Bitcoin goes to zero tomorrow, then there’s nothing wrong with the vast majority of your wealth being tied up in Bitcoin. |
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Good to remember things like this in the right light. The market is a lot more mature now. Just as volatile, I should think.
I don’t think we’ll ever see a 96% crash again (the sole exception being a hidden flaw in the bitcoin protocol). A 40% crash is going to be a “big deal”. |
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Annnd Bullstamp leads Gdax and BFX.
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Looks like we are trying to quietly sneak up on $11k again.
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The CME announcement was after banking had closed in Asia. I would expect a Monday uptick.
Meanwhile the Coinmarket Cap price is up 2% daily and we are sitting around like a bunch of mopey teenagers.
Without getting into the politics of it, is someone able to provide a snapshot of what the tax cuts in the Republican tax bill are? I am a foreigner so have no direct interest but wonder whether any of it might impact bitcoin. For example, are there changes to CGT treatment.
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Remember six consecutive ChartBuddy posts? Those were the times.
I slowly grew to hate Chartbuddy because I thought someone had actually posted something. So has anyone here actually treated themselves to anything after passing an arbitrary milestone? Yes I took profit out of the market after hitting a pre-defined goal that I set about six months ago. It was lovely to have this money sloshing around in my bank account. But I had forgotten to pre-plan what to spend the money on. So after some careful I thought decided what I really wanted to do with it was treat myself to some bitcoin. |
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So...who sold the farm to buy that fucking dip and made a mint?
....no,me neither.....
Wot dip? |
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I think the guys at Bitmain get it. BCH will never take over BTC but I think they are competing with litecoin, for a settlement layer while BTC proves itself as a digital gold.
Step 1: make everyone in Bitcoin community hate you and never want to work with you. |
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This was not what I was expecting on reaching the $10k milestone. But CCMF can follow at $20k  Wait until we reach 10000 €... I have made some exclusive artwork, just for BitcoinTalk's WO thread... Look forward to it. High quality memes. |
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So when did Bearstamp become Bullstamp?
Edit: starting to think Gdax has a hidden wall at 11099.97
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That only tells me that 45% of the hash power is by a mystery other. Who is the mystery other and why aren’t they identifying themselves? Bitcoin.com 15.28%- Owned by Roger Ver BTC.TOP 13.89% -Ally of Bitmain ViaBTC 11.81%- Partially owned by Bitmain BTC.com 6.94% - Owned by Bitmain Antpool 5.56% - Owned by Bitmain Suprnova .695% - OCMINER (Not affiliated with Bitmain in any way) "Other Mining Pools" 45.83% - controlled by two mining farms mining to address 13DMgTu721eoYFoxHVE1wZ7k5yixmfRiPQ & 17Wk4GPKw9nZ9PbspzaxN3fv1L2m9NA9dg. Other addresses used in the past. Have about 500 Phash between the two of them. Likely Bitmain.So Roger Ver and Jihan directly control 71% of hash power? That’s fabulous. Even better 99% is under the influence of Bitmain? That’s decentralisation I can get behind. |
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