Brain itch after some of that CTFC meeting but hell yes, CCMF.

Stephen Gornick pm'd me this morning and informed me about the retweet problem.  so i figured out how to undo that setting.  sorry!

i vaguely recall someone using the initials "RT" in a message, was that you?  i just realized that means "retweet".

ok, i'm going to have to refine my conspiracy theory on the BearWhale.  he is a distraction.  i now think the main benefactor of a manufactured selloff was economic actor Pantera Capital.

let me further say, this type of analysis is purely in fun and based on anecdotes. i am not accusing them of anything and will be happy to be corrected.  if i'm right, i don't necessarily have anything against them for manipulating the market like i'm theorizing.  i just find this one of the more interesting events in Bitcoin history and find it fun to theorize how and why it happened:

developments since the selloff that have occurred after my original theory about it being a non-economic actor:

1.  Dan Moorehead @dan_pantera, the day after the selloff, comes out with a detailed series of tweets focusing attention on the movements of address 159SCycgn8weAy2XGUEhD6V1RTFni7E3iq convincing me that the 30K dumper was indeed a whale who simply capitulated to the selloff pressure:

https://twitter.com/dan_pantera

2.  Pantera Capital, 2 days after the selloff, issues not only one but two uber bullish reports on Bitcoin.  its Bitcoin vs Gold report unapologetically and unabashedly forecasting $4.3M/BTC.  they don't normally publish this frequently:

https://cdn.panteracapital.com/wp-content/uploads/Bitcoin-vs-Gold.pdf

https://cdn.panteracapital.com/wp-content/uploads/Pantera-Bitcoin-Letter-September-2014.pdf

associated data and assumptions:

1.  @PanteraCapital & @RonGlantz popped up as my Twitter followers since spring/summer and i know they follow this thread.  here's the tinfoil stuff and it's truly not meant to feed my ego but since June, i've had the funny feeling that very often when i would put up a bullish post, it was immediately met with a selloff.  it got so bad that @kLee1977 told me "you bring bad luck!" to which i replied:

"@kLee1977 actually, u know wht? i bet those ask wall manipulators key off bulltards like me. long term tho, i'd bet on me "

https://twitter.com/cypherdoc2/status/510080984243765248

2.  the day of the selloff, Oct 5, i sent this tweet to @PanteraCapital @BitstampUSD @damijanmerlak & @nejc_kodric:

"hey @PanteraCapital. u guys r invested in @BitstampUSD. y don't u ask @damijanmerlak & @nejc_kodric whats goin on with the huge wall?"

https://twitter.com/cypherdoc2/status/518969201814683648

never got a response from any of them.  i would have expected at least a denial.

3.  i think since June, Pantera used it's known considerable BTC resources obtained in the early days of Bitcoin, to sell/short down the market with a bot and occasional 1000 BTC chunks, keying off known bulls like myself to knock the market down with the goal of causing a whale or whales to finally capitulate, at which time they'd buy back the sold coins or cover shorted coins back at a cheaper price, at what turned out to be in this case @$300.  i doubt they had a specific price point; they were simply hunting for a large selloff source from a weak whale.

4.  a large economic actor like Pantera could afford to hire forum and Reddit trolls to help talk down the price.  no matter what anyone says, this type of trolling is effective in destroying confidence.  it is also well known that when there are big price moves either way ppl come to these meeting places to find out what's going on.  the fact that Severro, antibitcoinconsortium, falllling, etc. have all abruptly disappeared since Sunday indicate to me they were on hire by someone with substantial resources to manipulate the market.

5.  Pantera Capital is the major investor in Bitstamp and clearly has a close relationship with its founders.  only they would have the resources and confidence to leave large amounts of BTC and fiat on an unregulated exchange awaiting opportunities, manufactured or otherwise, considering what happened to mtgox clients.  

now it's time for them to talk the price up with bullish reports.

i welcome any thoughts or criticisms.

My post wasn't an attempt to explain what superNET is intended to be from user's perspective. If people want me to explain what it is intended to be from a users perspective I can do that. I can't explain it from a technical perspective though and I've never claimed that I could. I have a general idea of some of the technologies that are going to be involved, some of which are already developed and working.

AnonyMint understood Teleport after James explained it to him.

SuperNET is not just a mega fund of any coin it lists and if you're thinking about it that way you're totally wrong. SuperNET as an investment is closer to an open source company that is attempting to generate revenue that's payed back in dividends to shareholders.

What fee are you referring to? There's currently only 1% of the fund allocated for operating expenses right now.

I've yet to see someone criticize superNET on a conceptual level after actually researching what it's about. Ever criticism I've come across on this forum has been based totally on peoples assumptions of what they think it is, not what it actually is.

Thank god windbag is gone.  He was a burden on BBR, not an asset.  SEO marketing?  Oh please, spare us that crap FFS.

At least he gave us some cheep berries, thanks to his rage dump!   

windjc is disagree with my descision. He has his own reasonable arguments that i respect.
Due to this issues he steped back from marketing now, anyway i'm thankful for his help.


Zoidberg

Sometimes it's good to do primary research. The thing I took for granted - that altcoins are shattered when BTC sneezes - has proven to be a myth of highest order:


I selected Sept 15 to be the start of data due to that being the start of BTC fall (admittedly, it was selected to give a bad picture about BTC). My intention was to show that alts fall in sympathy, and generally leverage BTC's move down. This had been my experience with XMR.

Now, the data seems to give quite an opposing testimony. Over this period of time, only two alts (XMR and BTCD) exceeded BTC's decline. When BTC declined by 34% (seen above as "66% remaining"), the basket of alts (I used cubic-root weighting) declined by only 17%.

What do you think of this? 

Why Klee is such an angry twat:



OOPS! BAHAHHAHA.

750000 Bitcoins have been bought and sold during the last 24 hours on exchanges alone and you are telling us that the market depth is only 15 K to near zero?

That's great news. I'm sleeping. How did it happen?

That's bullish.