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So let's see ... Bitfinex steals 10's of thousands of btc from their customers less than a year ago ... oh I'm sorry "got hacked" ... as much as they could get away with and continue trying to appear to be operating legitimately , "losing" roughly 1/3 of all their customer's funds ...
Then ooops sorry everyone we don't have a bank to send dollars to the US anymore , so everyone US is forced to buy btc to withdraw ...
Meanwhile the same criminal people who run Finex also run Tether ... and they simultaneously issue *themselves* billions of dollars in fake money ... which they use to drag the market kicking and screaming UP (if anyone cares to remember , when bull run started that they initiated , they were several $100's above the other exchanges which did not want to go above $1000 in the first place ... but eventually they just got so out of whack with the rest of the market , the other exchanges finally followed) ... momentum manufactured and voila in a handful of months from the low 1000's to the 20k stupidity fraud value we just saw ...
And no , it doesn't matter if tether's a comparably small % of the total btc cap - that fake couple billion on Finex was more than enough money to force momentum in the btc market from $1000 up (especially if you Fing run an exchange ... and can see everything and trade against your fleeing "customers" ... and yknow use billions of $'s in fake money to prop up the price fraudulently and force stops the whole way with extreme volatility) ...
Sure looks a lot like a goxxed type thing to me , except goxxed *may* have been a combination of incompetence + greed , while finexxed appears much more intentionally criminal ... a matter of time before they're raided / shut down / and or just rob everyone left there and hop a flight to Bali ... stay tuned to find out which ...
The only question in my mind is just how severely the btc price will suffer when their fraud finally comes to an end , and when and how exactly that will take place ...
I'm guessing something along the lines of "hey folks , due to whatever bs reason we just made up / we just "got hacked" again , we're shutting down and everyone can withdraw their pennies on the dollar funds in tether only - goodluck with that as it collapses shortly thereafter , we'll keep the btc."
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Honestly I don't understand why we're not just absolutely plummeting here ... the only reason I can figure is finex isn't done fleecing everyone yet ... fuckin trading in china *all of china* is offline totally for all intents and purposes (which was supposedly where the bulk of the global trading demand was , proving it never was there in the first place , or at least isn't now , which should have resulted in a big drop but never did) , finex is screwed up in the opposite direction in a really scary way , causing a neverbeforeseenevenwithgox $300 differential in price , with other exchanges falling variously in between and all with major gaps respectively as well , I mean really at this point what is the correct real price ? anybody know ? i sure don't , i assume stamp is currently being considered "legitimate" but their price is inherently warped too with what the other exchanges are doing , meanwhile BU is at literally 48.6% support most currently and still absolutely a severe threat despite their bumbling of everything and motives , nothing's been approved in terms of any ETFs and won't be in all likelihood , there's been no substantive positive news benefiting BTC to base any sort of hype off of , and the market has gone up with no downside and no sideways stabilization from 900-almost 1300 in a matter of 1 month likely largely as a result of people fleeing finex / them using this opportunity to manipulate the market and screw their customers (again) , yeah no problem there we'll just go up on nothing but bad news 100 a week for the rest of the year I'm sure ... yeaaaaaahhh ... I mean comon right ? we all know what's happening next ... yeah it might very well go up some more (before it crashes) ... but yknow what ? i've seen shit like this happen before tooooo many times in bitcoin to think for even a moment it'll all turn out well from here pricewise in the short-medium term ... no thank you to chasing this ... they'll make something new up as a justification to crash it if they feel like they need to (but why even bother , pick a reason) ... they always do ... riiiight around these sorts of times ... probably whenever finex is done fucking the market and fleecing everyone to pay back their hack debt ... the timing will be impeccable I'm sure ... but will we hit 14 first ? on finex oh yeah they will maybe hit 15 too , they don't care to hide their actions now or how bad they look they'll take it to whatever # they need to to adequately fuck money out of the market , everyone else mmmmmmaybe 14 ... I've really never seen it THIS screwed up and with THIS high a price so anything is possible ...
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so LTC + Segwit scaling = Triple the price
may we *please* now go ahead already and do BTC + Segwit scaling = Triple the price ?
does that make sense to everyone yet ?
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what's going on with price slippage... or so it seems
been getting repeatedly spiked down and worked lower last 3 days now despite some seemingly heavy resistance ... basically it didn't breach $450 or 3000cny on the upswing from the looks of it and so down it goes ... now about $20 off from the $445 it hit 3 days ago ... pretty brutal and demoralizing but i assume that's the idea it always is ... we'll see if it goes up from 425 , 420 , or somewhere between there and 400 ... You should not let yourself get demoralized by such volatility and price movements. Just attempt to prepare for various swings of 5%, 10% and up to 20% in short periods of time. Such price changes are not the end of bitcoin, but part of the process of upward movements includes some flat periods and even downward tests of the support. oh i'm still in it and trading to some success overall ... have been actively selling and rebuying lower as has been the correct thing to do most lately so increasing btc though losing fiat value and proceeding with the mindset that i refuse to be shaken out prior to halving and scaling implemented... been trading this long enough (years) to know this price movement is normal / intentional ... i will say though wherever it goes up to before / during / after halving and scaling is where i intend to walk away or at least mostly just too much stress to reward ratio for how little coin i'm trading ... i'm growing to hate the sound of alarm bells waking me up mostly |
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what's going on with price slippage... or so it seems
been getting repeatedly spiked down and worked lower last 3 days now despite some seemingly heavy resistance ... basically it didn't breach $450 or 3000cny on the upswing from the looks of it and so down it goes ... now about $20 off from the $445 it hit 3 days ago ... pretty brutal and demoralizing but i assume that's the idea it always is ... we'll see if it goes up from 425 , 420 , or somewhere between there and 400 ... |
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if you small blocker truly believe the shit you say you should from a group that wishes to lower block limit to 0.5MB.
you'll get more decentralization and security, for everything else there's the Lighting Network promiseland.
I know that you know that most people want bigger blocks - sooner or later. Why keep saying stuff like this? Indeed. Core makes BTC much faster (helps scaling) and resilient with 0.12, fixes malleability bug / introduces Segwit in a couple of months (1.7MB capacity) and commits to future blocksize increase that puts capacity at >2mb which classic provides. And we are still discussing "small blockers"? Why? The amount of stirring shit for the lolz, resurrecting 5-10-20 day posts from the garbage, creating fictitious drama and "problems", saying that the end is coming because "blocks are full" when even 1c or even 4 tenths of one cent fee txs go in in a few hours despite "blocks are full" and backlogs, saying people can't be anonymous with bitcoin because with high fees there can't be no mixing (when fees are at practically zero cost AND the fact that cheap mixing is USELESS mixing due to the sybil attack vector where other parties can pretend to be mixing with you just to unmask you - I mean, if they pay almost zero fees, they can be pretending to be mixing coins all day so that they can see who else mixes with them), pretending there is some official camp that wants 1MB forevah and intentionally creating friction out of nowhere when there is no such camp (everyone is doing scaling work)....wtf? Are you all retarded and/or paid shills? it's intentional manufactured conflict fud plain and simple. and will only intensify in the short term until of course 1 month from now , when bitcoin core will implement the first of their scaling solutions - then the argument ends because scaling will be accomplished for the forseeable future / ongoing. xt classic all the bitching attacks is being done prior to halving because this is crunch time at 4 months out from halving - last chance to try and derail bitcoin from those who want failure or to usurp the development of it and last chance to make the market shit it's pants for cheap coins / short profits. everyone knows bitcoin works perfectly well - every transaction gets processed i mean shit for a nickel you can move $50,000 across earth in half an hour and even the free ones process i mean wtf it works. and in 1 month will work even better with segwit and that alone will give more than enough breathing room for additional capacity increases to be implemented - a "problem" which is actually a *good* thing for crying out loud people like bitcoin and are using it more and more. and it would be potentially suicidal to make some contentious hardfork to "bitcoin whateverthefuck" - miners know it and core knows it (which is why they'll ultimately scale how and when they want) and you all know it whether or not you say it. |
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that should cover a lot of info for you about the forum and bitcoin in general , but if you have any specific questions that you can't find in those intro threads you can use the search function or make a post in the beginners and help forum subsection found at https://bitcointalk.org/index.php?board=39.0 or just post it right in here is really fine too if you can't find what info you're looking for - you can also message individual members in threads of interest to you most people will be helpful (replies may vary) |
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... Yeah I dunno I've never really understood that kind of greed. It's like you can only drive 1 car at a time right so I don't want a red, orange, yellow, and black lambo (though it would be nice to have 1). Actually come to think of it life is pretty fine for me I do own my house and my bmw and usually sit on my ass all day trading bitcoin in my pajamas and listening to music or just do whatever I feel like with my time. Hmmm maybe I'm rich enough already to be happy and ought to just give up this bitcoin thing ? naaaahhhhh  Lambos are to cars what a porn stars are to sex -- ridiculous, showy, would be embarrassed to be seen in one. Car freaks I know drive shitboxen/really boring "grown up" cars for daily drivers -- people who race modded P-51s are probably no different -- probably drive something lame too. I mean, if you fly @ 500mph a few feet off the ground, an occasional 180mph blip on the highway won't be much of a rush. It's not about conspicuous consumption. The people with money I know aren't necessarily greedy -- they're often stingy, to the point where I wind up adding to the tip when we go out for lunch (because they figured it out *to the penny*). They're into money the same [personal, irrational] way I like '50s to '70s mechanical things that go fast. They don't need the money they make, I don't need to fuck with weird cars so they would handle a hair better & go a few mph faster. Money's not a means to get something else for them, it's an end in itself -- no different than obsessing about weird cars/bikes/toob gear/BTC/old guitars. Just something they like. Oh yeah I don't think I'd ever own a lambo I was just using that as an example of an expensive unnecessary thing a greedy person might want. I'd rather have an old 50s chevy hotrod myself if I was going to get something impractical for a toy. Seems like one of those planes would cost an awful lot for basically a toy for an adrenaline rush and to some extent would be a status symbol necessitating some level of greed, maybe that's not the right word, lust for interest in or obsession with maybe would have been more correct? Honestly I didn't look real closely at it I assumed it was a private jet. I still think it's weird to see money as an end in itself. It's supposed to buy you things for utility use and fun. My skis cost like 300. Kayak like 500. All my hiking gear maybe a grand total. Chessboard was like 50 bucks. I guess I have cheap hobbies / interests. Didn't realize I was talking to lambie been kindof avoiding the forum you must be doing well it's been pleasant interacting with you never thought I'd see the day. Did I have a stroke what the F is going on here? heheh |
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Always the same scheme. Pump it till 430-450 and sell... Why canīt they simply let it grow?
dude that's what i want to fuckin know. it's like these people who control this shit have what thousands of coins ? but they're desperate to dump right now right now right now me first no me first no matter what on any and every gain. you'd think that people with thousands of coins would be pleased to see increasing value and not want to slam it back down relentlessly , but no. ... There ya go. The trick to making money in trading is repeatability -- being able to repeatedly buy lower and sell higher -- not buying an asset & putting a ring on it. @tub-0-lard: by "document" i meant "a document useful in business." But you're correct, free-fucking-form-poetry and atonal jazz are technically documents too  oh i know i'm not stupid , i trade as well just not nearly at that level of course. i just think i wouldn't take the same actions (again and again and again and again) i'd probably either just sell and walk with majority of stash and just be happy with that and enjoy my life and have a small cold storage or just enough to trade with to still have a job if i wanted it , or if i had so much that i could wreck havoc on the market i'd feel some sense of responsibility to the well being of others to not sell 1000s of coins in a minute all at once for the sake of making my already rich ass slightly richer , but then i'm not rich and as i understand it that can make people do funny things so who knows maybe i'd be doing the exact same thing if i were in their shoes. You probably would, because ~blurs, comes back in focus as The Dude~ it's all, like, relative, man. When I was a kid, I remember thinking "if I just had a car & a place of my own to tinker with it, I'd be sooo happy." Now it's "But there are people racing and collecting shit like this  " , and feel pathetic  Yeah I dunno I've never really understood that kind of greed. It's like you can only drive 1 car at a time right so I don't want a red, orange, yellow, and black lambo (though it would be nice to have 1). Actually come to think of it life is pretty fine for me I do own my house and my bmw and usually sit on my ass all day trading bitcoin in my pajamas and listening to music or just do whatever I feel like with my time. Hmmm maybe I'm rich enough already to be happy and ought to just give up this bitcoin thing ? naaaahhhhh |
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Always the same scheme. Pump it till 430-450 and sell... Why canīt they simply let it grow?
dude that's what i want to fuckin know. it's like these people who control this shit have what thousands of coins ? but they're desperate to dump right now right now right now me first no me first no matter what on any and every gain. you'd think that people with thousands of coins would be pleased to see increasing value and not want to slam it back down relentlessly , but no. ... There ya go. The trick to making money in trading is repeatability -- being able to repeatedly buy lower and sell higher -- not buying an asset & putting a ring on it. @tub-0-lard: by "document" i meant "a document useful in business." But you're correct, free-fucking-form-poetry and atonal jazz are technically documents too oh i know i'm not stupid , i trade as well just not nearly at that level of course. i just think i wouldn't take the same actions (again and again and again and again) i'd probably either just sell and walk with majority of stash and just be happy with that and enjoy my life and have a small cold storage or just enough to trade with to still have a job if i wanted it , or if i had so much that i could wreck havoc on the market i'd feel some sense of responsibility to the well being of others to not sell 1000s of coins in a minute all at once for the sake of making my already rich ass slightly richer , but then i'm not rich and as i understand it that can make people do funny things so who knows maybe i'd be doing the exact same thing if i were in their shoes. |
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Always the same scheme. Pump it till 430-450 and sell... Why canīt they simply let it grow?
dude that's what i want to fuckin know. it's like these people who control this shit have what thousands of coins ? but they're desperate to dump right now right now right now me first no me first no matter what on any and every gain. you'd think that people with thousands of coins would be pleased to see increasing value and not want to slam it back down relentlessly , but no. i guess nobody wants to (or has funds to) bother with supporting the market at any level and they'd rather just violently rock the thing up and down and extract fiat , because apparently people with thousands of coins don't give a shit about bitcoin or trust it they just want everyone's dollars and i guess some can make more trading than allowing the value to grow. you'd think that would not be the case for those at the very tippy top but those few with 6 figure btc i guess don't give a shit what the price is because they're all already farting through silk anyhow ? |
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all day to gain $20 in value half an hour to lose it all back sonofabitch this is not what we're supposed to be doing today folks there was basically big good news with the consensus agreement thank god for stop orders but still that was retarded
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To say "there is no immediate technical problem so we should wait" is a fallacy because the technical choice of doing nothing regarding the blocksize limit have ideological and economic implications.
But devs aren't waiting, they are coding solutions or half-measures / band-aids. What is at stake today is the value of your bitcoins in 20 years, and if you don't want to allow that fucking blocksize limit to increase because of an ideological fallacy I have some bad news for you.
What we need is a tx/s capacity increase plus entering a more grown-up phase where the network stops processing spam and junk and stops acting as a third-party storage database for near zero or zero cost. Practically all developers agree to it, whether it is in 3 months, 5 months, 1 year, it'll happen and we'll be ok. Hard forking a currency into 2 currencies with the "orthodox" and the "catholics" each supporting their own part of the schism? No, that's the stuff with which nightmares are made of. Gavin, Hearn and all who sided with them are extremely dangerous to bitcoin, either because they lack the awareness of what they are trying to do, or because they are intentionally doing what they are trying to do and camouflaging it with the pretext of "saving" bitcoin in a situation where it doesn't need saving. At most a few fees will be bumped and some dust/spam will be crowded out if core devs are slow in their own rollout. That's all that will happen when blocks get full. It will not harm the "network effect" of normal users. But a fork will definitely destroy confidence in bitcoin forever because it sets the precedent where for each consequent "disagreement" we can have a new schism. Do you think that's good news for a 20-year horizon investment? Just think it through. Is the precedent of a violent hard fork (and the knowledge that at any time the currency can split into two currencies / diluting the money supply / having people rage dumping on the "opponent" fork which they don't believe into etc etc) more beneficial than a few months delay in a more proper transaction capacity increase - when the issue isn't even pressing? Can the answer ever be yes to that? very much agree with what you're saying - it's like they're trying to fix something that's not broken , insisting it is when it isn't , and going about it in the most dangerous way possible - these people are intentionally endangering bitcoin by proposing violent fork after violent fork and then screaming and howling when people don't want it - it's dangerous and shortsighted at best , purposefully destructive at worst - i for one don't care how long it takes , or if blocks do get full with some increased regularity , or what exact technical changes wind up being made to increase scaling capacity AS LONG AS those changes are made to core by the core devs. you want to change bitcoin ? join the core devs. you want to make something new ? launch a fuckin altcoin. but don't call it bitcoin , because it isn't and can't be by definition. |
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*sigh* a theft of 0.086 % of bitcoins out there (perhaps a year and a half ago) definitely a valid reason for a 10 % drop in price , while bitcoin comes out victorious by default vs several hundred now officially dead alt-coins ... ridiculous
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wow people have finally figured out it's retarded and completely against self interest to loan your coins out to people who want to dump down the price ? hot damn !
If you are confident that bitcoin has positive demand pressure in the long term, it is absolutely not against your interest to loan them the coins to push you higher when they close. Unfortunately you have to park them with someone else, which could very easily negate the interest income. We have too few shorts right now, not too many. well ... yes ... if you don't trade ever and only care about price X years from now instead of X minutes / hours / days from now and have a long term expectation of higher prices ... then definitely I agree ... personally i'd never lend my btc out to others who would wish to use those coins to suppress the price on any time scale ... to me btc is far more valuable to personally trade the 1-5% daily chop than to get a 0.05% daily interest ... of course that requires correct trades vs zero thought or participation whatsoever ... not that that's a bad thing ... sure would be less stress ... the world needs long term holders too |
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99% LONG AND STRONG wow people have finally figured out it's retarded and completely against self interest to loan your coins out to people who want to dump down the price ? hot damn ! |
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How is it you don't have the balls to call me/make my life miserable?
Who would do something like that? Even if you disagree with them, that isn't what civilized people do.. What's the point of d0xx0ring somebody if you're not gonna do anything with those d0xxxeses? What's the point of raging at me on the interwebs if you're too frightened to even call me on the phone, forget actually having to leave your basement lair & physically confront me  Why would someone want to talk with a heavily medicated psychologically damaged person whos time is spent mindlessly bashing a topic that we actually care about.. like what could come of it? Fall in love? LOL Hate Fucking ? |
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Oh ... Poor Lambie ... So obviously in need of help ... But you won't find it here ... We all hate you ... And since this is where you spend most of your waking hours , this forum IS the best way to insult you and make you feel bad about your life ... btw how much are you paid to constantly bash bitcoin ? I'd bet all of us happy rich bitcoiners would consider taking up a collection of some sort to buy your thought-whore ass ...
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