Man, it sucks to me nomeriter like me. Still it's better than nocoiner. #nofiater

Eeeeew! Back on track. Choo-choo!

Whales playing with weak hands again. Those poor little mice caught in the daily dump traps are losing, losing, aaaand losing again. Cul loss after cut loss, they can't see the forest because of the tree in front of their eyes. Even if they rebuy with the next pump, they will definitely sell with a loss at the dump that follows. But as the founder of the HODL said once: guess who the whales won't trick? The hodlers, because they are already in when the pump starts.  And the pump is coming soon and it will be vicious. One of the most glorious in the history of Bitcoin. To da moon!

The next few days are critical   It will show whether we are building a floor of a bull ladder before the next climb above 10K, or the decline will continue until some solid support is found. These dead cat bounces were typical for the last 2 years. But the odds are now in favour of the bulls IMO. I mean both the halving and the big volume of bitcoins withdrawn from exchanges since March 12th are good premises for the price to increase.

Either you didn't read carefully, or I didn't explain it clearer. What I mean't is that with each trade he lost 10% of the initial fiat stash, not of the last balance.  10x10%=100% or 20x5%, it doesn't matter. Trading by simple following the trend is always disastrous especially using leverage. I think someone posted here a link to a similar sad story.

The joy of the 'clever' trader for his successful 10% cut loss from his initial stash was somewhat marred when he realized it was the 10th in a row. 

Fake dump. Next week->10K!

2030 May - 1 sat= $0.01

I really don't get why you insist insulting everyone in this thread. Perhaps you think you are the smartest here. Yeah, sure you are. Just another #covidiot. 

News: some non-satoshi old coins moved. The traders:

My mind is telling me not to expect much of the price in the coming days, but I have a gut feeling that there's something brewing. A calm before the storm? The price is stabilizing around $9700 refusing to go up or down. May be this is a sign that the bulls are preparing to charge the $10K resistance like a red flag and level up 1K and more?



And I wonder what the $4.5 billion tethers printed since March 30th and May 14th are waiting for? If only 1/3 of this amount is used for bitcoins, a price above $14K is definitely possible this year.

Yeah, like the last "accidental" freeze on 12th March, when the shorter manipulators weren't allow to take profits. The day Bitmex is closed will be the best day ever for Bitcoin.


It is just like a casino - the players vs the house. Most of the people addicted to gambling lose at the end more than they gained, because the odds are in favour of the casino. Only if someone is extremely good and manage to control his  greed, he will have a chance of winning. In this case it is even worse: the house knows the cards of the players, so it ALWAYS wins. Just a word of warning to those greedy bastards that are confident their plan of shorting and dumping will make them insanely rich. Simply said: No! The only check you will get out of Bitmex is reality check!

Sunday pump?

In March coinmarketcap showed 1.7 bil increase of the market cap and now 2.5 bil. It is unusual. This may lead to a new ATH sooner than expected. I think everyone knows it but just in case I'll remind that the jumps of tether's cap in certain days do not mean necessarily someone bought such huge sums instantly or fake tethers were 'printed'. In an official response to questions about these jumps, coinmarketcap explained that tether's data has some lags. There is one article that mentions the problems with the various blockchain tether uses: https://www.coindesk.com/bitcoin-climbs-as-tether-gets-500m-injection-in-5-minutes
("..However, archived versions of the page show similar readings over the past few days, suggesting CoinMarketCap's data did not capture the full supply previously. USDT runs on several different blockchain networks, including Omni, ethereum, Tron and Liquid....)

Regarding mindrust. I'll try to summarize his in my view very controversial explanations (if not contradictory with the sound mind). He sold at $4Kish, because:

1. He was shocked in the middle of the night and the fear made him sell.
2. He was overinvested, which in his case meant $40K in bitcoins and $80K fiat reserves.   Many of us are 100% in Bitcoin regarding fiat savings, including myself. In his case mindrust had the luxury to defend his positons by buying more at lower prices. Or just wait for the recovery, which is only a matter of when, not if.
3. He felt betrayed because holders decided to sell and abandon ship. In reality not many holders sold everything. Rather many sold small portions of their stash at the same time in preparation for the next weeks without income.
4. He bought one whole bitcoin just before the crash and having 10 bitcoins turned into a heavy dissapointment. I also bought a greater amount than usual just before the crash. So what?
5. Tether is scam and when it dies, Bitcoin will die too. I can remember 2017 when tether almost died and logically people bought bitcoins with it, so the price increased 3x.
6. Bitcoin is too volatile, while the fiat and other assets are more stable. Yeah, sure. Crude oil, ahem. Fiat printers brrrr causing international financial crisis and inflations, ahem.
7. Covid-19 is so scary, so no point in keeping his bitcoins. Seriously? I can understand this only if someone is sick of some nasty illness requiring a lot of money for the treatment. Although, many of us would prefer another way of finding the money for that.
8. It is better to trade shitcoins because they are more volatile than Bitcoin?!?!?!?. For his bad luck shitcoins are doing really bad. As always.
9. It is better to trade USD vs EUR, since there was a lot of volatility recently. For his bad luck the exchange rate is almost frozen in the last weeks.

I think the only reason for mindrust sell was No. 1. The next reasons he made up as excuses not to buy again at $4500, as he claimed.  I'm really sorry for him because these two decisions obviously made him unhappy. And it is all about hope and happiness, which Bitcoin brings to the true holders. He may not realize it but he is becoming slowly into the next r0ach.

9900! What was the purpose of the Sunday's dump to 8100? 4 days recovery as in the good old 2017!

Good morning everyone! 9700! What next? 10700?

Tether, i.e. Bitfinex was the main driving force of the bull run in 2017 until Q4. Let's not forget that the most important run from $800 to $2900 was caused by the inability to withdraw fiat in Bitfinex. People were buying bitcoins and tranferring them to other exchanges. On the day the withdrawals were permitted again, the price fell by 40%. However, since Q4 2017 Bitfinex gradually lost its leading role. Now the daily volume is 2.5x less than Bitstamp's. All of the recent pumps/dumps did not start on Bitfinex. A curious thing though is that the order books of Bitfinex are much fatter than on Bitstamp. For example 1500BTC are put up to 10K in Bitstamp, compared to 4000BTC on Bitfinex. This thing hasn't changed since 2017. It shows the difference of the traders culture. Nowadays, there are many n00b traders on Bitstamp and especially Coinbase, who do not put limit sells. They just press the sell button if there is 1-2% increase, which often results in actual selling 5-10% below the current price, because of the overload of the exchange when multiple market sells are executed at once. There are millions chinese still solving captchas for cents and at the same time trading on exchanges. They jump to the ceiling if they can manage to get 1$ profit per day.

Happy Halving Everyone! Now even the newest hardware is mining at a loss if the electricity is above $0.06. Today we had a peak around 136.05 Exahashes/s. Let's see how the situation will develope in the next weeks. I guess half of the equipment will be turned off until the price doubles.

In an ideal world this should happen very soon. But with all these shorter manipulators around here I am not so confident about it. The effect of the halving might not be felt immediately and those who had urealistic expectations might be dissapointed. We need patience. Everyone is saying by 2023 we will be rich. Well, that is if the greedy shorter sharks are overcome by the demand and influx of new holders. And that is not  a 100% sure thing. 90% may be. But not 100%. My hope and prayer is that all of them to be burned like the famous Joe007 and stop doing that. This hope of course is naiive. I mean for a multi millionaire how hard is to buy 300 BTC, place 100x leverage shorts on various derivative exchanges and then sell at the weakest exchange which somehow is the most respected - Bitstamp? I am not saying Joe007 was doing it, nor that someone is doing it regularly, but this is certainly a suspicion which has very solid arguments. However, unlike other who quit because of that, we should stay firm in our belief in Bitcoin - the only decentralized and delflatory asset that will overcome all other assets in the future as it was in the past. Even if it takes more than 4 years for that!

Come on daily traders, a last chance to sell below 9K. Hurry up, don't miss it! 5 hours until the halving!