How is the holder of the bitcoin losing out here?
Don't get left holding the bag. The whales with a large amount of toxic asset coins they can't sell without collapsing the entire market have to manipulate the market into a bubble in order to lure in momentum buyers, shorters, etc, to add liquidity so they can exit. The average bitcoin holder is nothing but a whale rider who is trying to profit on the back of the whale's pump and dump scam. So yea, don't get left holding the bag. This is called distribution and its precisely the reason it will work.
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Wall observer page count milestone destroyed! Congrats!
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I think there's enough FUD among the people who bought recently to give us one more good buy opp, a good shake of the tree at some point but anyone's guess when. First, more upward confidence I suspect. Anyhow, don't matter for those who see the future. Buying at any price still!
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Haven't been able to get on bitcointalk.org with a laptop for the past 20 hours or so. Mobile works fine. Thought cloudflare was supposed to solve DDoS? Are we all on mobile devices?
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Another 200 wall just placed at 16559 on stamp. Distribution will happen.
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I learned long ago that posts on this thread have no influence on price since the big money moved in. We are all small fish, even though some are bigger small fish.
However this thread is great for helping keep my finger on the pulse, new news, and a few good lulz in between.
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Last night I was at dinner with some friends in a cheap "hole in the wall" restaurant in Phan Rang, Vietnam with a population of around 170K. Mostly retailers, fishermen, prawn farmers, and laborers. One of us noticed on the way back from the bathroom that the local shop owner was busy buying crypto on a laptop at the back of the restaurant. WTF! I went to inspect and she showed me her full portfolio which included BTC, eth, ltc, btg, and some other shitcoins I didn't recognize. She had been buying with her life savings for the past several weeks to the tune of about 3% so far. I was surprised how open she was with all her figures and financial details and how blindly the trades were being executed. I could tell she'd done almost no research on any of it which kinda made me a little sick. She wanted advice after discovering I'd been in the space awhile already. In simple english I told her that I believed only 1 coin matters today and the rest only follow. The frenzy is real and I'm starting to think that frenzy is all the majority know. It was both an exciting and disturbing moment to see it happening in such a removed area of the world.
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So a recap of what I see/speculate on this past week. Bitcoin gains more public interest and awareness due to price rise while lots of newcomers buy for the first time. Roger, jihan, Wright and friends collude to spam the network for high transaction costs while shilling for BCH and comparing transaction costs to gain the support of small transaction buyers. New buyers who bought small amounts are confronted with the decision on whether or not to send their recent purchases to a wallet from coinbase with high costs (currently around $ USD 15). Many buyers decide to move into litecoin for cheaper transactions thus proving that the lightning network is a solution, at least for now. It seems Roger and friends are not out of moves yet and I expect to see even higher transaction costs before the market settles this for good.
Summary: we prefer litecoin and/ or high fees to centralized, hijacking b-cash.
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Haha, Roger says it costs $50 to send a $20 transaction. More lies and deception.
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So is it virtual USD?
It's real KRW and unless you can open a Korean bank account, and you can't, you don't get to play with it. There's also a very real chance that even if you could arb this, you'd end up buying higher after long confirmation times and 3 day wire transfer.
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This is nearing the 1 week doubling. I've been considering the possibility that the recent rise could actually be a new tactic attack on BTC. As BLB pointed out, exchanges already aren't exactly cooperating to allow larger transactions currently. What happens when the price rises to a point where hodlers can't ignore recent gains. We will see how high the prices go and if this lack of liquidity does come to pass. I'm not intending to go FUD, I'm actually quite thrilled with the the movement lately. I'd simply like to speculate on the possibility that this is not "only" user adoption of which a portion absolutely is.
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Just noticed that Bcash coin has fallen below .1 , now @ .093.
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Yep, well deserved and more. I wouldn't have been able to hodl nor would I have the larger vision of BTC without Andreas. Respect bro, Thanks
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OK finally sweeping a small paper wallet, so gotta dump me some clone coins. I got BCH, BTG, and Bitcore. Using Coinomi. did I miss any? It's not old enough for clams...
Edit: You didn't miss any but here is what may be coming and you will need your old key for BCD: 11/23/2017 Bitcoin Diamond (BCD) - Already split but launching in Dec 12/12/2017 Bitcoin Platinum 12/17/2017 Super Bitcoin Sometime in Dec Bitcoin Uranium Sometime in Dec Bitcoin Silver 12/25/2017 Bitcoin God (GOD)? 1/2/2018 Bitcoin Cash Plus (BCP) 1/28/2018 Segwit 2x (B2X) retry? That's a lot of airdrop. If they happen. Looks like 1k gains in a day are all the norm now, WTF, really? Stamp about to break 14K? There's been a lot of "told you so's" this past week, well, you know, without having to say it. Now I'll tell folks that 14K will look ridiculously cheap this time next year. Personally, I still believe a $500-1000 investment today will be enough to start considering retirement in 5-7 years.
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Machine gun BTC giff needs a reload. Not sure how to do it
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At least a good chunk of this volume is real. I've personally helped 5 people set up wallets and coinbase accounts in the last week. I spend a lot of time kitesurfing among an international mix of community where we have not much else to talk about but wind, waves and most recently the conversation has turned to BTC and how to get in. The buzz is real but I still suspect a short is being planned. January-February perhaps?
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I think the guys at Bitmain get it. BCH will never take over BTC but I think they are competing with litecoin, for a settlement layer while BTC proves itself as a digital gold.
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LTC just broke 100$ Is that a first? Nice to see it getting some of the love. I'd be fine with it becoming a settlement layer.
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In the meantime bitconnect gives us really that dotcom crappy bubble feeling by scrapping the bottom with these videos... https://youtu.be/gKezlAUtHlAI need to bleach my eyes now to unsee it Currently in Vietnam and yes, there is a buzz around bitconnect here. I really feel sorry for normies who are getting duped into this. Another observation I've had on the massive move towards BTC and crypto in the last week: The regular folks who've just discovered BTC are coming in with their sights set longish, 2-5 year plans I'm consistently hearing about and they all understand BTC could see a bear market, crash to 1k or have massive FUD attempts on credibility. Their response, "I'll just buy more". While this perma-bull attitude upon initial entry is a bit scary to me, I somehow don't think they will be as weak handed as I expected them to be or needing to get rich quick. However, money is still the ultimate goal for them and they're not quite getting the bigger picture yet. I've been linking all the noobs to Andreas youtube channel and suggesting them to start their homework. Many of them have already bought but have no idea what they bought. One guy yesterday: "I bought all three!" Then I remember telling him that coinbase will be the quickest on ramp. Interesting to follow the new generation of HODLers. Seems they will pick up where many of you have previously carved out the path.
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