Latest posts of: mayax

Quote from: dime2spend on January 16, 2016, 03:34:19 PM

@pompatore thanks for posting this.

Interesting reading and I'm not so sure if it's wise to ignore all of this. If he's right BTC might go down rather sooner than later.

Of course, he is right. he was inside Bitcoin for years He knows many people(investors, exchangers, miners).

Quote from: tokeweed on January 16, 2016, 08:50:57 AM

China was responsible for the current pump but was unable to rally enough people to join them and move beyond 500 in USD terms.

The question is, will they return and pump it up again in the next 30 days?

they may do it. it's easy to put the bots to work. all the exchangers are doing that. fake volumes, fake transactions...

Quote from: Embat on January 16, 2016, 12:18:01 PM

Well maybe you are right. But if the price drops to much there will be a counter speculation. You can kill everything with a newspaper

This is a real news. Only stupids may think that BTC is not manipulated and it's not "own" by few people. The facts are clear.

Mike Hearn just revealed what any common sense person known : ". Bitcoin has no future whilst it’s controlled by fewer than 10 people"

Quote from: Xmaseven on January 16, 2016, 01:20:02 PM

Quote from: mayax on January 16, 2016, 01:07:53 PM

How is it made the Bitcoin price?

How is it possible in a so called decentralized market, where the exchangers are(should be) independent entities, ALL of them to have the same price when they certainly don't have a "the same" order book(same clients, same orders) ? How is that come?

Can someone explain ?

without a "central" committee that decide price and make right and properly decision, only people "set" the right value.
It's like "far west"... you can also sell 1 btc for 10k $ or 1$ by convention I think best price is from preev.com

Correct but each exchanger has completely different orders(big, small), the number of orders are not the same too.
Example:
OKcoin claims to have a volume of 50,718.58 BTC
Bitstamp : 32347 BTC

Even so, their price is ALMOST similar. OKcoin = 369,7 USD and Bitstamp 370 USD

The price should be made by sell and buy orders. Remember, we are taking about "independent" companies and not a cartel. What kind of coincidence is that one exchanger to have the same kind of orders with other exchanger from other part of the world, DAILY?

Quote from: Rupert Murdoch on January 16, 2016, 01:10:22 PM

All of them dont have the same price. That is why arbitrage occurs. Arbitrage brings the price close, but not same.

They have similar prices (1-2 usd plus or minus)....

Why?

Quote from: DimensionZ on January 16, 2016, 12:36:51 PM

Okay so the main problem is that the size of the TX files is getting too big for the network to handle and the cap must be raised? Why is this not being fixed like right now?

the problem is the trust in a manipulated market. fake volumes, in a supposed decentralized market ALL the exchangers have the same price. How is come?

Nobody is asking itself. "hey, the BTC is not a centralized stock market. How is it possible that all the exchangers (the big ones) to have almost the same price for Bitcoin while they certainly they don't have a "the same" order book."

Mike Hearn was a VERY close friend with many BTC investors, exchangers, miners. He knows a lot of dirty "secrets" from the BTC market; who owns it, who manipulate it. So, I would rather trust someone like him than any BTC media like Coindesk who "was" owned by the same investors who owned BTC exchangers... so they have MANY interests.

Mike Hearn: ". Bitcoin has no future whilst it’s controlled by fewer than 10 people"

Quote from: aso118 on January 16, 2016, 09:21:56 AM

Quote from: crazyivan on January 16, 2016, 08:39:34 AM

Common people, we had this FUD story milions of times by now.

This is designed to generate another profit taking wave. Dont be stupid, how many times do u need to lose money by selling low and buying high. Close the charts and come back in two weeks if u cannot resist the urge to sell.

The problem is the cycle repeats time and again. Weak hands lose money.
If you don't have the confidence to buy at these lows, the least you can do is resist the temptation to sell.

you cannot buy when you know the market is sinking.

so, "you" just have to wait or to sell in order to dilute the loss but NOT buying.

Quote from: maokoto on January 15, 2016, 11:50:53 PM

I think both Mike Hearn exit (who says he sold his coins too, and probably has close friends and relatives who did the same) and the cryptsy issue have a hand in this. By the way... it is a lot of coincidence isn`t it?

Think we should buy in lows, price should go up again.

Bitcoin price is sinking. Only the "small players" are keeping their BTC now and they will face big loses. BTC lost over 100 USD overnight and it's only weekend. The price will go down starting with Monday.

Mike Hearn was a VERY close friend with many BTC investors, exchangers, miners. He knows a lot of dirty "secrets" from the BTC market; who owns it, who manipulate it. So, I would rather trust someone like him than any BTC media like Coindesk who "was" owned by the same investors who owned BTC exchangers... so they have MANY interests.

Mike Hearn: ". Bitcoin has no future whilst it’s controlled by fewer than 10 people"

it will ONLY happen what the big exchangers want. they make the FAKE "book orders" with their bots. they manipulate the market in their own interest.

so, it will only happen what they want.

Quote from: kanazawa on January 16, 2016, 03:14:11 AM

Quote

Anyone who don't buy Bitcoins now would miss a great opportunity to profit once it resurrects.

Yeah man !! This is very truthful !! Let's mark your words !!

I want to see some bitches crying here like "oh man, I sold my coins for U$370, now it's U$700, if I could back in time, oh man!" ihaoihaoihaoihaioahhaohaio It's like the beginning of 2014 when 1 BTC was sold to U$177. THIS IS AWESOME !!! KEEP SELLING YOUR BTC'S BITCHES !!! Cool

selling is a smart choice if you see the boat is sicking. you limit the losses and you can wait for eventually better times.

Robo ATM closed, Cryptsy ran with millions, a BTC developer(very closed to many investors, exchange owners, miners) is saying many real things about what's going on inside of BTC.

"Bitcoin has no future whilst it’s controlled by fewer than 10 people" VERY true!

Quote from: Bazelak on January 15, 2016, 03:08:54 PM

Quote from: nerFohanzo on January 14, 2016, 11:25:57 PM

Quote from: teddybu on January 14, 2016, 10:58:24 PM

yes im still holding my btc because i believe that the price will grow up than last year

Exactly and that is the right thing to do, as we all are very much aware that the price of bitcoin would reach to a new level in the coming months and we want that it should reach to a moon, its not possible but atleast if we are able to earn some profits out of it then there is no major concern.

But the price is dropping now. Is this the last drop before the big rise we will see in a few months? Is so, I am not worried.

sell your BTC now to limit your loss or even to earn something IF you bought below 350 USD. Then wait until BTC will fall below 200 USD and you may buy after that.

why would you keep a such volatile commodity as Bitcoin? Just trade it and try to make profit or limit the losses. Speculation!

why should you buy now when the price will go below 200 USD?

you just have to sell what you have, take any profit or limit your losses and wait...

in the mean time, BTC = 370 USD

the rest of the words are useless.

Quote from: robelneo on January 15, 2016, 04:07:59 PM

They are indeed a super power even in controlling the bitcoin mining network I don't know if I am going to be sad or happy about this they have controlled on almost anything even claiming the whole of the china sea but having them in the development and running the bitcoin network is a healthy competition

what competition, with who?

Quote from: Amitabh S on January 15, 2016, 03:58:14 PM

Why is Mike quitting now? Isn't it better to fight with reason and logic rather than with outrage?

He found a better job, a very well paid job. you will do the same. who care about Bitcoin, Shitcoin,Asscoin? The money, cash matters.

The people are not living with hopes and dreams. They need money to live, to pay the rent, the bills, the gas and so on.

Quote from: madonnino on January 15, 2016, 04:17:49 PM

surely someone for this event has earned / will earn 'a lot of money. the big boys are playing their game

CORRECT!

and who are the "big boys" ? The exchangers, of course.

Imagine that someone bought BTC at 450 USD with 1 MIL USD. That means aprox. 2.200 BTC.

Now, if the buyer wants to cashout, it will take 858,000 USD

1,000,000 - 858,000 = 142,000 USD in the exchanger's pocket

). Make this scenario at a big scale and you will see the profits

Yeah, yeah, many are still believing that the exchangers are only a middle man between buyers. Keep dreaming. LOL Grin

Quote from: suchmoon on January 15, 2016, 04:14:17 PM

Quote from: o0o0 on January 15, 2016, 10:58:51 AM

didnt they always go on about how tight their security was? how thats how they've never been hacked?

im still stuck on how cold storage is hacked. how can a trojan affect an offline source thatdidnt touch the net?

Maybe this was an inside job. Then they found a published exploit:

https://bitcointalk.org/index.php?topic=935898.0
https://github.com/alerj78/lucky7coin/issues/1

and decided to call it a hack.

Or their definitions of "cold", "offline", etc come from the same dictionary as Garza's "escrow":

https://bitcointalk.org/index.php?topic=857670.msg10122712#msg10122712

It's a copy+paste text. Visit other exchangers. You will find the same shit text. Nobody will say "we store the BTC online"

Quote from: robelneo on January 15, 2016, 03:58:56 PM

Is he saying the truth or just harboring ill feeling this article somewhat brought down bitcoin price to below $400 hopefully it will not be lower than $350 every body is at a lost here because of this article some body with authority like him should counter his expose really feel sad and depressed reading his article especially when I saw the current price

it will go down more than that because the Cryptsy's effect is still in the incipient phase.

there are people who already lost ALOT in 12 hours. I am not talking about the ones with 10 BTC....

Quote from: BTCBinary on January 15, 2016, 02:38:37 PM

Quote from: spazzdla on January 15, 2016, 02:32:59 PM

Cryptsy.... is 100% the reason. For better or worse I still believe they are not thieves and just got screwed and are trying to fix the situation... We should start looking for who took those 10k BTC and 300K LTC..

Yes, I agree. I believe this massive dump started because of Craptsy. They are saying they got hacked, but it is just a move to enable them to dump all the BTC and LTC they stole from us. The Hack think is all a charade to fool us to believe they were hacked when in the reality they are a bunch of conniving bastards.

all the unregulated exchangers may do that sooner or later. BTC-e, Bitfinex, BTC China, Bitstamp...they can all do the same. They are just shady companies(even they seem "huge") and they can disappear overnight.