thanks for that link, it brought me to this one https://www.youtube.com/watch?v=kWRlNO79sLwedit: I never quite understood the "adoption gap" chasm until I saw this little beauty big thanks to whoever dropped that link, sorry I don't remember finally I understood that this correlation of hype and despair explains the "adoption gap" chasm theory. They are not one and the same the hype cycle is typically of the run-ups to all-time highs. The adoption curve represents 100% of Bitcoin's total user base untill Bitcoin reaches maximum saturation. The adoption chasm is about critical mass if you can reach 13-16% of your target user base, you have crossed the chasm and the network effect will trigger the remaining adoption through to saturation. In my mind we're still in early adopter or innovator stage, we haven't crossed the chasm yet, once we've hit 13% of total Bitcoin users we've crossed the chasm and we home free. agreed, this only helped me realize at what stage in adoption we are at currently. and also of course to realize that the "chasm" might actually be real. we are no where close to 13-16% in my opinion. Pulling a number literally from nowhere, it FEELS as if we are around 0.5%. Anyone have a more accurate number? Where is Risto? He would probably have a good guess.
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Whoever is selling right now is getting played. I haven't seen any TA showing this is the right time to sell.
Unless you have so many coins you have to sell 24/7 or you are Satoshi keeping things in check, I don't get what you are trying to accomplish.
whatever keeps up as low as possible for as long as possible is all good in my book You have been around for 3 years, seems like you would have bought all the "cheap" coins you need by now lol yes, it is actually quite embarrassing to have been around for so long and to still have so few coins. I have made, and continue to make, some very bad decisions, and yet I'm still up overall, just not like millionaire styles soon my friend, soon..
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Whoever is selling right now is getting played. I haven't seen any TA showing this is the right time to sell.
Unless you have so many coins you have to sell 24/7 or you are Satoshi keeping things in check, I don't get what you are trying to accomplish.
whatever keeps up as low as possible for as long as possible is all good in my book You have been around for 3 years, seems like you would have bought all the "cheap" coins you need by now lol
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Whoever is selling right now is getting played. I haven't seen any TA showing this is the right time to sell.
Unless you have so many coins you have to sell 24/7 or you are Satoshi keeping things in check, I don't get what you are trying to accomplish.
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Can you hodl your balls for another 48 hours? I'm buying more coins, just need a little bit more time to transfer $$. Thank you!
+1 use some talcum powder for now - Could do with another 1-2 weeks of sideways action. 1 to 2 weeks?!?! Sideways for 1-2 weeks? I hope not!
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How about bitcoins and satoshis? It's hard to get confused with those two denominations.
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Hurry hurry! Sell before we go to 600 lol
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The "glitch in the system" trader, Trader 15, seems to have bought at random prices mostly from Trader 1, and small amounts from the first 20 or so traders.
These had to be owned by Mark, or someone who owned them both. How would someone go without realizing some of their BTC is gone at random sell prices.
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I'm surprised there are still almost 6K BTC in shorts. I guess they weren't around to close them in the dip to 550. We need a quick hard push up to close them out and keep this rally going.
Out of interest. New shorts are opened all the time so as one closes another one opens per se, what would you consider a small number of lent BTC (bear in mind BTC provided != a short on the market as you can hold liquidity and just pay the interest on it, with BTC that rate of interest is very low so people often take BTC loans at very low rates when they think they may need it soon) During the last "bubble" under 2K BTC was borrowed. It hasn't gone under 5K since February, even though the trend has changed since. The rates aren't any better now than they have been in the past, so no need to borrow for the future. http://www.bfxdata.com/bitfinexLiquidityBTC.php
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"You shall not pass 600"
"I built these walls with my BEAR hands!"
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I'm surprised there are still almost 6K BTC in shorts. I guess they weren't around to close them in the dip to 550. We need a quick hard push up to close them out and keep this rally going.
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It's spread out to add to the ask depth to not bi obvious. Thought that would be common sense. You don't want to wall it up and cause a panic drop, you just don't want it climbing too much. If you sell off some of the btc oh well, its still better than letting another "whale" run away with the price.
Or it could be a trader anticipating that the top is either in or near and is looking to take a short position at best possible averaging price for the coming correction? tbh, the Ask side of the Wall on Bitfinex doesn't look any more inflated than the Bid side and since it is Bitfinex, we know that both sides of the wall are wildly inflated compared to the actual volume of trade that will be conducted on that exchange. If sentiment is bullish and you are fearing that whales are going to bid the price up b4 you can take a position, last thing you want to be doing is fattening up the Ask wall offering them more coins at cheaper prices, which they will gladly take. Good point. Never thought of it that way.
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It is spread out.
If that is so, and it has appeared on Bitfinex (and routed through Stamp), then it probably is indeed fake. Bitfinex is the lord of fake walls....but then if they have capital to leverage up to a few 300 BTC Ask Walls, then they already have lots of capital on the exchange. It's spread out to add to the ask depth to not bi obvious. Thought that would be common sense. You don't want to wall it up and cause a panic drop, you just don't want it climbing too much. If you sell off some of the btc oh well, its still better than letting another "whale" run away with the price. Little fish are scared of whales, whales are scared of bigger whales. And yes they have lots of capitol on the exchange, they have been buying it for a week now lol [6/10]
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I see someone borrowed a bunch of bitcoin on Bitfinex to hold the price in check until their funds clear.
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580 by Monday
580 on BFX. My work is done. Bedtime.
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Our Chinese friends have crossed 3500
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Nice to see that the asian market is doing it again, this midnight (in usa) buys cant be performed by any person but chinneses, indians and japanesses
Lol.. I'm American, and I was buying.
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